It looks like the liberals and their pals at the Federal Reserve are finally admitting what Republicans have been saying all along–our economy isn’t as strong as they keep making it out to be! Jerome Powell, the Chair of the Federal Reserve, let it slip during a conversation with supposed Ukrainian President Volodymyr Zelenskyy that the economy in the US is barely growing, with growth projected to be under a measly 1% in 2023. In a shocking confession that should cause every American to worry, Powell warned that a recession may be on the horizon, and that the recent rises in interest rates were necessary to combat inflation. If that sounds scary to you, it should.
WATCH: Fed Chair Jerome Powell Prank-Called By Russians Pretending To Be Zelenskyhttps://t.co/Cmr7rOSMNl
— 🇺🇸🇺🇸Josh Dunlap🇺🇲🇺🇲 ULTRA-MAGA (@JDunlap1974) April 27, 2023
We shouldn’t be surprised, then, to see that Powell’s predictions have come true. The latest economic report estimates that in the first quarter of 2023, the real GDP has only grown by 1.1%, even less than the previous quarter. While the left is busy celebrating the growth that did occur, they seem to be oblivious to the fact that it was largely driven by consumer spending and government – not private investment as a strong economy needs. Meanwhile, the decrease in private inventory and residential investment means that the economy is truly struggling.
Jerome Powell was pranked by Russians pretending to be President Zelenskyy 😬
In this video chat he says “a recession is almost as likely as very slow growth” for the United States pic.twitter.com/gEsA0DZWRn
— Wall Street Memes (@wallstmemes) April 27, 2023
It’s no wonder that Republicans have been calling for a change in economic strategy for years. While the left has been cheering for a boost in government spending and keeping interest rates low, they’re now scrambling to pick up the pieces of their broken policies. But as Powell himself has warned, there’s no painless way for inflation to come down, and tough choices will have to be made. Maybe now is the time to listen to the Republicans and make the smart choices to keep our economy on track.