It is incredible that the presstitute media fail to take Powell to task for his ''rosy'' i.e. BS forecast for the U.S. economy. Apparently, 4 rate hikes are no problem due to the booming economy.
In November 2017 6.3 million Americans were 90 days late on their auto loan payments. Does anybody think that 4 rate hikes will help these people?
Meanwhile credit card debt has risen to an all time high past the 1.02 trillion reached in 2008! Will these people benefit from 4 rate hikes?
The American ruling elite are toboganning towards disaster with their eyes wide shut.