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Karl Smith: Powell’s Warning to Congress About the Next Recession


The Fed will need help stimulating the economy when the next downturn hits. Federal Reserve Chair Jerome Powell had a message for Congress in his testimony Wednesday before the Joint Economic Committee: The Fed won’t be able to fight the next recession all by itself — it’s going to need help from Congress. Powell is undoubtedly correct that

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Posted: November 13, 2019 Wednesday 05:45 PM