The FED Just Made a FATAL Error!
Things just got super-real. Check out this clip of Representative Katie Porter grilling JP Morgan Chase CEO Jamie Dimon. The latest inflation report just came in and American consumers are probably in for some more pain in the future as the Fed drops the ball yet again. Consider this a warning to batten down the hatches and stock up on whatever you can guys, especially those on fixed income like social security and SNAP benefits. This also serves as a warning to stock market investors. We have further downside with stocks and I'm not talking about the very far distant future. I'm talking about right here right now. The near future, it all boils down to the Federal Reserve. The economic reports are not looking good for inflation so the Federal Reserve is probably going to need to inflict more damage with tighter monetary policy and that's not going to be good news for the economy or for the stock markets or for your cash flow.
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#personalfinance #inflation #recession Disclaimer: These are my opinions and not the opinions of my employer. The content shared in this video is for entertainment purposes only.