The Pomp Letter
The Pomp Letter
The Fed Admitted The Numbers Are Wrong
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The Fed Admitted The Numbers Are Wrong

1

To investors,

Federal Reserve Chairman Jerome Powell was grilled by lawmakers yesterday on a number of topics. There were a few key points that I want to call out. First, we have to remember that every “official” number that is shared about the economy is inaccurate.

This may sound bombastic, but the unfortunate reality is that everyone in the economic m…

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