London Daily

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Wednesday, Oct 20, 2021

Fed Chair Powell: Delta variant a wildcard for economy

Fed Chair Powell: Delta variant a wildcard for economy

Federal Reserve Chairman Jerome Powell said Tuesday that the economic impact of the delta variant remains unclear.
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Oh ya 62 days ago
The biggest threat to the economy is the printing of trillions of dollars. Every dollar the Goverment gets the Fed to print devalues the dollars in your pocket, that id what inflation is. Too many dollars chasing to few products, a good example is houses sell for more than the asking price. If printing huge amounts of cash worked then Venezuela and Zimbabwe would be great places to live. Venezuela just came out with a million BolĂ­var bill. It is worth 63 cents USD. The government monthly pension in Venezuela will not buy a dozen eggs. But Bernie says he can do better. Be careful who you vote for
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