Monthly Luncheon- Joe Biden is fond of telling Americans the “U.S. economy is strong as hell.” Federal Reserve Chair Jerome Powell’s recent announcement that he expects to make three interest rate cuts in 2024 seems to support Biden’s opinion on the economy.
After Powell made his rosy forecast for 2024, some reporters claimed our troubled economy would make a “soft landing” and avoid an economic recession. Corporate executives are not convinced. Jamie Dimon, CEO of JP Morgan Chase, is skeptical.
In late November, Dimon said, “A lot of things out there (in the economy) are dangerous and inflationary. Be prepared.”The Labor […]
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