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Gordon Johnson Slams Federal Reserve For Asset-Owner Centric Policies, Says Jerome Powell Needs To Focus On 'Real Economy': '...The Stock Market Will Be Fine'

Benzinga ·  Nov 20 21:53

After the U.S. headline and core consumer price inflation rose in October, and the Federal Reserve Chairman suggested that a December rate cut may not be necessary, treasury yields have risen, and inflation concerns have gripped the economy once again.

Gordon Johnson, chief executive officer and founder at GLJ Research in a conversation with Wealthion slammed the Federal Reserve for making policies that benefit the stock market and asset owners in general.

See here for @GLJ_Research's take on the @federalreserve & their #'r 1 goal of pumping risk assets higher to benefit the rich minority at the expense of the poor...

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