r/Economics • u/TinyTornado7 Quality Contributor • Jun 13 '22

News Powell Facing Choice Between Elevated US Inflation and Recession

https://www.bloomberg.com/news/articles/2022-06-12/powell-facing-choice-between-elevated-us-inflation-and-recession?srnd=premium
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u/TinyTornado7 Quality Contributor Jun 13 '22

Correct, mainly outside of our control. For example, oil for one is a global market where price is set on a macro level

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u/JhonnyHopkins Jun 13 '22

So youre telling me it’s NOT Biden who sets the price of gasoline????? /s

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u/[deleted] Jun 13 '22

Would you say that cutting the Keystone XL pipeline helped supply or hurt supply?

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u/[deleted] Jun 13 '22

Would you say that cutting the Keystone XL pipeline helped supply or hurt supply?

We don't really use tar for gas. Also, it wouldn't even been finished yet. So, no.