4min chapter

Forward Guidance cover image

Jay Powell’s Plan To Kill The “Fed Put” | Danielle DiMartino Booth

Forward Guidance

CHAPTER

The Recession Has Delayed the Impact on the Labor Market

The white collar nature of the recession has delayed the impact on the labor market. The employee retention credit has pumped $205 billion into the US economy, mostly into the hands of wealthy people. More than two thirds of Americans feel that we're in recession but those who spend most money are responsible for more than 40% of consumption in America.

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