The Fed chairman Powell needs to keep his trap shut. I don't think his comments on Tuesday about 4 rate rises this year went down too well.
In December the Fed released a document which revealed that the American population are downing in a mountain of debt: credit card, auto-car loans, students loans, mortgage and rent arrears.
Total household debt for the U.S. has surpassed the levels of 2008. Total household debt has risen to $13.5 trillion which is 435 billion higher than the last peak of 12.68 trillion in 2008.
Bring on those rate rises Mr.Powell lets see how this ''overheating'' economy reacts!
see my analysis of this here:
https://steemit.com/blog/@saltycat/pass-the-hopium-making-america-s-economy-great-again-u-s-elite-tobogganing-towards-disaster-with-their-eyes-wide-shut
why would you want the fed chair to lie? Do you want an over-inflated market at all times? This near-decade long bull wrong needs to come to an end sooner or later. Might as well prepare and be able to capitalize when it finally does correct at a more serious level
In the first sentence of my comment I was trying to be ironic. Actually I think Powell and his ilk actually believe their own propaganda. Its a case of the blind leading the blind.