Description
Fed Chair Jerome Powell and his wife Elissa Leonard attend dinner at Grand Teton National Park where financial leaders from around the world are gathering for the Jackson Hole Economic Symposium.
"While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses," said Powell.
"I would interpret that as a willingness to see the unemployment rate creep a little higher here to get to that end of reducing demand," said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. A weaker labor market generally constricts consumer demand as households conserve cash in anticipation of potential job loss.
chevron profits
(USD) Jun 2022 Y/Y
Revenue 65.37B up 81%
Net income 11.62B up 277.09%
Diluted EPS 5.95 up 271.88%
Net profit margin 17.78% up 108.44%
Operating income 12.74B up 307.48%
Net change in cash 550M up 29.72%
Cash on hand - -
Cost of revenue 40B up 93.92%
and gavin is worried about free abortions for out of state women who apparently do not use condoms or other
better forms of birth control
how stupid are you people ?
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