Channeling Jerome Powell
- During this week’s press conference Jerome Powell was asked: “what makes you confident tighter financial conditions will slow above-trend growth…?”
- His response: “if you look at surveys of people, [they think] it’s not a good time to buy durable goods of various kinds because rates are so high now.”
- Occam identified this inflecton back in July. See below:
![](https://alpharoc-website.b-cdn.net/wp-content/uploads/2024/05/Channeling-Jerome-Powell.png)