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Jerome Powell made another appearance on 60 minutes last night to reassure America that

everything is great, that the economy is in great shape.

Thanks to the Fed, the Fed Reserve is on the job, making sure that everything is good

and that the only thing we have to fear is COVID itself.

Basically it's the virus or the virus that's coming back.

That is the only threat but no need to worry because the Fed is on the job and I think

Powell finished off the interview with a guarantee and his guarantee was that the Fed

will support the economy for as long as it takes to complete the recovery.

So there you have it, don't worry.

This recovery is guaranteed by Chairman Powell, Chair of the Federal Reserve itself.

So you can take that to the bank.

We've got a government guaranteed recovery because the Fed will do everything it can to

make sure we complete this recovery.

The problem is the Fed doesn't actually have the power to do anything other than create

inflation, which of course is the one thing that Federal Reserve is assuring us is not

a problem and it won't happen at least not above 2%.

But the idea that the Fed can create economic growth, can create prosperity.

...