Powell: There is downside risk to economy if no further gov't support

Powell has made this point before

The update today is that Congress looks like it will go on recess after the government funding bill passes. The Senate will return for a vote on the Supreme Court but that's it.

The chance of passing something in the lame duck session isn't great either. Given all that, I see some serious economic headwinds for the US in the next six months.

Best in 2026

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