DELACROIX
In the Spirit of Honore' Daumier
Markets are worried that President Joe Biden’s $1.9 fiscal stimulus plan will overheat the economy and cause inflation.
Powell said that the Fed would be “patient” with higher inflation, saying it was likely to be a “one time” effect and not price gains that continue year-after-year.
Powell repeated that the Fed was a “long way” from its goals of maximum employment and stable 2% inflation.
Depends on whether the fringe groups burn down Minneapolis or Portland...


