It says "may not have" we can change that to "WILL NOT HAVE" THERE I FIXED IT. Of course they won't have a fix. Only a fool would think that. Fed may not have enough firepower to prevent a recession https://www.cnbc.com/2019/08/15/trump-wants-fed-rate-cuts-unclear-if-they-would-help.html
By raising rates and working off the Fed's balance sheet, Powell was trying to build in the "reserve" to handle the next recession. Market didn't like that. Trump didn't like that. IOW... in no way can we afford to "take our medicine". So, what's the play going to be? Party like it's 1999 until the whole damned financial system collapses??? Then what?
%% Looks like WMT + others are not counting on the Fed.................................................[Gov]Bonds were never a predictor+ don't really care how many times WSJ said they were LOL. Its like one[public] profitable Dow derivatives trader said; DOW is correlated to itself LOL/true. I record SPY/benchmark , more than Dow.........................................