Once again, the Fed is going to drive us into recession

Thomson Reuters Jerome Powell is set to replace Janet Yellen as Fed chair in February, pending Senate confirmation. He's expected to follow Yellen's game plan closely and look to normalize interest rates. This could invert the yield curve: quantitative tightening will put upward pressure on short-term rates, while lower inflation will put downward pressure on long-term Treasury yields. In short, the Fed is going to drive us into recession. President Donald J. Trump nominated Jerome Powell to be ...