February 28, 2018

There´s the “fiction” (or farce) & the fact

Both Yellen and Powell kicked-off their Congressional Testimony with the same “upbeat” views: Yellen´s first 2/11/14 The economic recovery gained greater traction in the second half of last year. Real gross domestic product (GDP) is currently estimated to have risen at an average annual rate of more than 3-1/2 percent in the third and fourth quarters, up from a 1-3/4 percent pace in the first half… Powell´s first 2/27/18 Inflation-adjusted gross domestic product rose at an annual rate of about 3 percent in the second half of 2017, 1 percentage point faster than its pace in the first half of…...

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