...do people expect Powell to say he senses Stagflation and be truthful about it when asked?
...what Powell says move markets, if he says he expects US could move into a recession or stagflation, he could realise a self fulfilling prophecy.
...which means, not to say he is a liar, but he can't be totally honest even if he wanted to.
...but the market would like to hear and believe what they want to hear.
Despite media hype over AI and rising price targets, a deeply inverted yield curve warns that recession risks remain high. Inflation and slowing growth are bringing economic threats back into sharp focus.
