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Jerome Powell's Fears of The New Economy

serfserf Member Posts: 9,225 ✭✭✭✭


Basically he is saying that women who had traditional service jobs then they are to be eliminated and their children need help to survive the impasse of The Wuhan virus. He doesn't say anything about the children fathers however. Go figure?

So all the illegals who came over in the good times will be on extended welfare rolls so the Democrats can open the borders again for more votes.

serf

https://www.cnbc.com/2020/11/12/here-are-the-things-that-scare-jerome-powell-the-most-about-the-economy-right-now.html

Powell cautioned that displaced workers are going to need extended support as the U.S. economy recovers in ways that will be different from its former self.

“We’re not going back to the same economy,” Powell said. “We’re recovering, but to a different economy and it will be one that is more leveraged to technology, and I worry that it’s going to make it even more difficult than it was for many workers.”

The central bank leader said he was referring specifically to “relatively low-paid public-facing workers who are bearing this brunt,” many of whom are women and minorities.

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