A day after Powell’s assurances about the economy, markets are worried that ‘the Fed breaks something’

Federal Reserve Chairman Jerome Powell’s insistence that the central bank is not deliberately trying to cause a recession and that the economy is on solid footing is exactly what someone in his position would be expected to say.

The trouble is, the Fed’s likely to get a recession anyway as data shows the economy is a far cry from stable.

Consequently, markets whipsawed Thursday, going from a positive reaction on Wednesday to Powell’s…