'Powell essentially canceled Christmas' -CIO
August 27, 2022
Tim Pagliara, chief investment officer at CapWealth, said U.S. Federal Reserve Chair Jerome Powell's remarks on Friday "make it much more likely that we are going to see a mild recession," adding he believed "inflation is going to be lingering in the 4-6% range for at least the next three years.
Source:
https://www.reuters.com/video/watch/powell-essentially-canceled-christmas-ci-idOV094326082022RP1
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