Fed’s Powell: The Economy Sucks, Let’s Hold Off From Hiking Rates

In an interview with the Financial Times, Fed’s Powell cited sluggish growth and a lack of inflation as a reason to hold off on hiking rates

“The probability of an era of weaker growth, lower potential growth – that worries me more than it used to,” he was quoted as saying in Monday’s edition of the newspaper.
“With inflation below target, I think we can be patient.”

Meanwhile, away from bullshit land, more than 500,000 jobs were created over the past two months and the Atlanta Fed is forecasting 3.8% GDP growth for Q3.

Fed’s Powell is either wholly full of shit or an idiot.

You decide.