Fed Reserve Chief Powell Says Economy Facing Growing Uncertainties


AP News: Federal Reserve Chairman Jerome Powell said Tuesday the outlook for the U.S. economy has become cloudier since early May, with rising uncertainties over trade and global growth causing the central bank to reassess its next move on interest rates.

Speaking to the Council on Foreign Relations in New York, Powell said the Fed is now grappling with the question of whether those uncertainties will continue to weigh on the outlook and require action.

Powell did not commit to a rate cut but said the central bank will closely monitor incoming data and be prepared to “act as appropriate to sustain the expansion.” more …

Opinion: Since having stepped in front of the Google/Facebook algorithm train, I might as step on the 3rd rail of globalist political groups as well. First a little background.

In 2005, I came to know the late Jack Kinsella, proprietor of the Omega Letter. Jack produced 6 letters per week to the members of the fellowship pointing in great detail to how the secular progressive political world was moving the world towards the fulfillment of prophecy. I learned from Jack how to work backwards from prophetic Scripture. That in the case of the final government of Antichrist, a globalist ideology would begin to dominate politics.

I had no idea at the time that George W. Bush was a globalist (like his dad) every bit as much as both his opponents, Al Gore and John Kerry.

Omega Letter August 5, 2005: “The Council of Foreign Relations (CFR): “stereotypes of the United States as arrogant, self-indulgent, hypocritical, inattentive and unwilling or unable to engage in cross-cultural dialogue are pervasive and deeply rooted.”

The CFR, like the Trilateral Commission, Bilderberg, and the Federal Reserve each have separate but similar agendas that it didn’t really matter what party a politician was affiliated with, but whether or not they were working towards a globalist agenda.

They aren’t conspiring with each other, they are under the direction of a Grand Conspirator, like puppets under the control of a single puppet-master. Each has its own agenda, and none are knowingly working to advance the agenda of some other part of the Grand Conspiracy”.

It wasn’t until Glenn Beck joined Fox News in 2008 and turned his daily news and talk shows into exposing the globalist agenda that the differences between politicians became clear. The election of Barack Obama was the crowning touch.

The world’s central bankers have been the topic of hundreds of posts over the years. Their power to manipulate and control a nation’s money supply by controlling short term interest rates will be a necessary tool for a globalist government. Imagine the power if the US Federal Reserve and European Central Bank were to become 1 bank controlling the West.

I keep looking for the weakness in the US economy and can’t find it. I keep looking for the certain rise in inflation due to Trump’s trade war and can’t find that, either.

Jerome Powell just 8 months ago was so sure that the economy was too strong and inflation just around the next corner, that he and the Federal Reserve governors planned to raise interest rates three times over the coming year to slow it down.

The global market cratered 20%, and the Fed was forced to reverse its policy. The question was/is, why slow the economy down when inflation was stagnant? Too much prosperity?

Imagine if the central bankers an were/are working to slow down the US economy to affect the next election. Yes Virginia, Jerome Powell is a member of the CFR and so was his predecessor Janet Yellen.

I am officially going into hiding.