(WASHINGTON) JUST IN: Federal Reserve Chair Jerome Powell has affirmed his commitment to keeping interest rates low for the foreseeable future even as he expressed hope for a strong economic recovery #AceFinanceDesk report

#AceFinanceReport – Jan.19: Bust explores how the economy is reacting to all the developments during the Covid-19 pandemic.The United States has a massive increase in “unproductive debt,” and is facing inflation, says Michael Pento, CEO of Pento Portfolio Strategies:

Boom OR Bust as U.S. Federal Reserve Chair affirms commitment to keeping ‘ Interest Rates ‘ low for future in hope for strong economic recovery RT Business

#AceBreakingNews report …., [Jan 19, 2021 at 3:07 PM]

“There’s nothing more misunderstood on Wall Street than inflation,” he says. Pento explains that there will be a super spike in interest rates in the second quarter of 2021, “and then I believe it will all come crashing down by the third quarter.”

There will be a fiscal drag on the economy, the Federal Reserve’s going to make a lot of noise about tapering, it’s going to crash the stock market, it’s going to look a lot like 1987,” he says. “And then yields will come back down again. Lather, rinse, repeat.”

#AceFinanceDesk report …………Published: Jan.19: 2021:

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