It's clear that Powell is only playing what he sees but Powell knows things are going to get a whole lot worse. He was very vague in his Q&A and not wanting to share all of what he truly believes about the economy. His choice of words was also interesting, always leaving the door open for the economy to get a lot worst.
FM3
firstmac mortgage funding trust no. 4 series 1-2020
Ann: General Security Agreement, page-485
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