The Federal Reserve Chairman clearly acknowledges the division in household spending.. any economic recovery in a 'K-shaped' format!
📌 How did we get here?
When asked about the increasing divergence in consumer spending across different income levels and the sustainability of the economic recovery in a 'K-shaped' format, Jerome Powell said: 'This is clear'
📌 So, how will the Fed address this?
Powell said: The best we can do is achieve price stability and a strong labor market
📍 Here’s what is meant by the 'K-shaped' economic recovery, its risks, and the other letters to explain recovery trends#ETHBreaksATH #FOMCWatch
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