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But we saved everything 🙂.
Diane Swonk commented on a conversation involving the New York Fed, expressing a different viewpoint from her peers regarding Federal Reserve Chair Powell’s more dovish outlook.
Swonk stated she is preparing for a period of slow economic growth—slowflation—or possibly a mild episode of stagflation in the U.S.
Swonk has previously addressed the impact of the Iran conflict on global supply chain disruption and rising U.S. freight costs in recent commentary. She has also noted how Gulf countries have become major financial players through their sovereign wealth funds, exporting capital and influence worldwide, as detailed in an earlier analysis. These remarks add context to her outlook on U.S. economic growth.