Hello, fellow rebel capitals, hope you're well.

So we all know, Jerome Powell came out with the Federal Reserve,

the FOMC, and they raised interest rates by 25 basis points.

But what was rather unexpected is what he actually predicted with his fellow, well I guess he's not

a PhD, but with the other 900 PhDs at the Federal Reserve and this was that we are not going

to have a recession.

No, no, no, no, they called it off.

I mean, we're expecting a soft landing, maybe a mild recession.

I mean, you know, we do have to get the unemployment rate up in order to get

inflation down. That's the way they see it through the Phillips curve. So if we get the

unemployment rate up, well, you would expect a mild recession, but now, no, absolutely not.

We are not going to have a recession, the economy is on fire, it's booming, and we are somehow going to bring inflation back down to our target

rate without increasing the unemployment rate or without even impacting the economy.

It's going to be like magic. You might be asking

yourself, well how will they do that? How will they make that happen? Hmm, that's a

very good point. How will they do that? All right, let's get over to see and be see and check out what on earth

drone Powell is claiming. Here we go. Fed staff economists no longer forecasting U.S. recession, says Jerome Powell.

The U.S. Federal Reserve Chair Powell on Wednesday said Fed Staff Account

no longer foresee a recession after the minutes

from the Central Bank March meeting

had revealed that the staff economists envisioned

a mild recession.

...