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FED Chair Jerome Powell Says US Economy Is “In Strong Shape” as Economy Drops into Recession

Last week Federal Reserve Chairman Jerome Powell told reporters that the current inflation rate was unpredictable.

Only the elites and the “experts” like Jerome Powell did not see the inflation train coming down the tracks.

Inflation took off immediately after Joe Biden was sworn in and never stopped.  That’s what happens when Democrats spend like drunk socialists.

Inflation has risen nearly every month for a year now.  How could Powell be so blind?

Earlier today Jerome Powell said the US economy is in “strong shape” during testimony.

Apparently, Jerome Powell missed the news that the US economy is in recession after the second quarter downturn.

Recessions are typically marked by an economy shrinking in back-to-back quarters, measured by gross domestic product — sort of like what we have now.

You’d think Powell would know this?

DEVELOPING: Atlanta Fed Announces GDP for Second Quarter at Minus 2.1 — Confirms US Economy Under Joe Biden Is Facing a Recession

The post FED Chair Jerome Powell Says US Economy Is “In Strong Shape” as Economy Drops into Recession appeared first on The Gateway Pundit.