Federal Reserve Chairman Jerome Powell speaks about the decision by the Fed’s policy-setting Federal Open Market Committee to raise its benchmark interest rate by half of a percentage point.
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42 Comments
He didn't say anything other than reiterate multiple times that they will use the available tools to maintain price stability and ensure inflation gets to 2%. He refused to give a clear answer on what "confidence" looks like with regards to inflation coming down in a sustained fashion. An absolute regurgitation of past talking points with no meaningful insight. The FED boxed themselves into a corner with a 50 basis points hike weeks ago with their rhetoric and talking heads. The yield inversion curves front to back are screaming yet they are ignoring them. Look back in history and its not hard to see the FED is usually wrong and the market is usually right. They are simply out of touch.
“do not represent a plan” lol
It’s time for some tea time. 🫖 ☕️
So now we will never build houses or make cars, refrigerators, (things needed for the house market) because we do not have enough people
So raising interest rate will bring 1.5 million people from the death (documented and undocumented)?
Jerome Powell does not understand that he will not be able to bring 2 million people from retirement
Jerome Powell does not understand that by himself he will not solve the problem, and he needs to recommend a solution to the congress, we need to bring people to this country through a new immigration law, we need to learn from Canada, Australia, and Europe.
Take example Canada for the last 35 years they have been bringing the best of the best from all over the world, they are making sure there is young people who work and pay to the social security.
In a health country, it is like a triangle where you have few old people at the top and a lot of young people at the bottom working and paying taxes to social security to support the retired old people (example 5 young people pay taxes to the social security, and one elderly person get the money from the social security). But in the U.S. we have the triangle upside down where we have a lot of elderly people takin money from the social security and few young people paying to the taxes to social security (example 2 young people pay taxes to the social security, and 5 elderly, they get the money from the social security).
So our product it will be expensive to export, because of high labor cost, high value of the Dollar, high interest rate on loans, and the extra taxes we put on the business.
When we lose our client over sea and we have a recession, it is simple he lower the interest rate, and get our old client back, it that simple.
I did not like Jerome Powell complain (whine) I told the congress we need a new immigration policy, he told them one sentence not whole meeting about this subject
America- we are dedicated to bringing down high inflation to our2 percent objective
Maui president- shi's fugd Bruh I'm standin in water 💦
Stop having kids y’all! No one asks to be born, & no one has the moral right to inflict serious, preventable harms upon others without their consent—harms being pain, fear, worry, sickness, injury, grief/loss, fatigue, death. Besides, it’s morally wrong to place someone in a position from which death is the only escape…
He lets out a little grimace and makes a brow wipe at 4:30ish. Like the market, he doesn’t believe the PCE projections for 24 and 25. Inflation expectations are anchored, base effects are dropping out and growth is slowing; PCE will be negative by start of Q3 next year.
# Persistent PowellㅡYou're bothering the stock market till the end?
# If the economy declines in 2023, it will cut interest rates in a hurry, right?
El Depression
"labor market is out of balance, with demand exceeding workers"
high demand, low workers = high demand, low supply. of course we going down more. we have to make it HIGH WORKERS to satisfy HIGH DEMAND. but then we have inflation again. so we need LOW demand, which humans won't do cuz they love spending . so we are due for a huge collapse, its common sense at this point.
PLUS, we at 7.1% inflation right now, we just started the downtrend. WE TRYNA MAKE 7.1% into 2%. I'm thinking we got another 2 years of recession mode. 9.1% into 7.1% took this long. Imagine how long 7.1% into 2% gonna take.
We need 100% interest rates until savers recover from low interest on savings since the too big to fail days.
Thanks for this information 🙏🤒🤕😢😢. Coming soon raising interest rates and inflation next year for importers countries 🙏😢😢. I hope everyone can stay their health 🙏☺️❤️
May God bless Powell has the termination to fight inflation. Don't speak like a Paul Volcker, and act like a weed on the wall.
A dovish half percent hike and a very Merry Christmas to you all and happy holidays to whom it may concern.
yeah, same old
The REAL rate of inflation is double digits… If you have to, raise the Fed rate to 10-18%, whatever and let's get over this negativity! That is where you are going to go anyways.Get preemptive and proactive!
AGAIN AND AGAIN WE ARE SEEING THE LAST MOMENT OF US$ BITCOIN CHINA YUAN (+H.K$) EURO (+POUND) STOCKS BONDS REAL ESTATE SECTOR THAT AGAIN AND AGAIN ONLY GOLD + ENERGY ARE THE SAFE HAVEN ASSETS THAT WILL BE GOING UP AND UP TO THE HIGHEST EVER LEVEL SINCE THOSE COMMODITIES HAVE BEEN IN TRADING AGAINST THOSE CURRENCIES + DEBTS!!!!!!!!!!!!!!!!!!!:)
AGAIN AND AGAIN WHETHER YOU AGREE OR NOT GOLD PRICE IS GETTING BACK TO THE RANGE OF 2K$ VERY VERY SOON + OIL PRICE IS ALSO RECOVERING THE 130$ – 140$ BB/LS THAT WE HAVE SEEN IT MARCH + APRIL OF 2022 IN NEXT YEAR!!!!!!!!!!:)
ESP THERE WILL BE NO MORE US$ EXCEPTIONALISM THAT AS I'VE SAID MANY TIMES ALREADY US$ IS NO LONGER A SAFE HAVEN ASSET THAT WILL BE GETTING DEVALUED MORE AND MORE FURTHER AND FURTHER MUCH MUCH MUCH MUCH MORE DEVALUED AGAINST ESP GOLD + ENERGY + 'YEN' THAT ——- > AGAIN IT'S A BIG TIME TO BUY 'YEN' GRADUALLY INTO COMING MONTHS AND YEARS!!!!!!!!!!!!!!:)
AGAIN WHETHER YOU AGREE OR NOT JAPAN YEN WILL BE IN THE RANGE OF +68+/- YEN AGAINST US$ IN COMING YEARS < ——– MEANS JAPAN HAS NO OTHER OPTIONS BUT SELLING OFF AND OFF MORE AND MORE US T – DEBT + EUROPEAN DEBTS AND WILL STILL STOP BUYING CHINA DEBT, ALREADY STOPPED IN THE 2ND Q OF 2022 THAT WILL BE GOING ON AND ON FOR MANY YEARS TO COME!!!!!!!!!!!!!:)
AS A MATTER OF FACT THAT US FED HAS LOST ITS CREDIBILITY ALREADY AS I'VE SAID MANY TIMES THAT DO THE SIMPLE MATH ——– > NEXT YEAR BASED ON WHAT THE CHAIR POWELL SAID THAT ——– > US GDP GROWTH ONLY +0.5% VS UNEMPLOYMENT RATE + 4.5% VS ITS FUNDS RATE +5.1% VS AVG CPI +5% +/- < —— WHAT IS GOING TO HAPPEN TO THE US ECONOMY? AGAIN IT IS A SIMPLE FACT THAT US ECONOMY HAS BEEN TOTALLY CAUGHT BY THE STAGFLATION THAT AGAIN WILL BE GOING ON AND ON FOR MANY YEARS TO COME THAT ——- > AGAIN DO THE MATH ——– > NOW WHAT IS HAPPENING?!:) ——– > A HUGE THING IS HAPPENING THAT CHECK THIS OUT ——– > !!!!!!!!!:)
CHECK THIS OUT ——- > AS I'VE SAID MANY TIMES ALREADY THAT NOW US 10YR YIELD IS AT +3.4990% – US FUNDS RATE IS AT + 4.5% = WOW!!!!!!!!!!!!!!!! (-)MORE THAN 100BP!!!!!!!!!!!!!!!!!!!:) UNDERSTAND WHAT IS GOING ON AND ON?!!!!!!!!!!:) ——– >. AS A MATTER OF FACT THAT US FED HAS LOST ITS CREDIBILITY ALREADY AS I'VE SAID MANY TIMES THAT DO THE SIMPLE MATH ——– > NEXT YEAR BASED ON WHAT THE CHAIR POWELL SAID THAT ——– > US GDP GROWTH ONLY +0.5% VS UNEMPLOYMENT RATE + 4.5% VS ITS FUNDS RATE +5.1% VS AVG CPI +5% +/- < —— WHAT IS GOING TO HAPPEN TO THE US ECONOMY? AGAIN IT IS A SIMPLE FACT THAT US ECONOMY HAS BEEN TOTALLY CAUGHT BY THE STAGFLATION THAT AGAIN WILL BE GOING ON AND ON FOR MANY YEARS TO COME THAT ——- > AGAIN DO THE MATH ——– > NOW WHAT IS HAPPENING?!:) ——– > A HUGE THING IS HAPPENING THAT CHECK THIS OUT ——– > !!!!!!!!!:)
I KNOW MOST OF PEOPLE DO NOT UNDERSTAND WHAT IS GOING ON AND ON BUT IT'S YOUR PROBLEM THAT ——- > AGAIN CHECK THIS OUT ——- > AS I'VE SAID MANY TIMES ALREADY THAT NOW US 10YR YIELD IS AT +3.4990% – US FUNDS RATE IS AT + 4.5% = WOW!!!!!!!!!!!!!!!! (-)MORE THAN 100BP!!!!!!!!!!!!!!!!!!!:) UNDERSTAND WHAT IS GOING ON AND ON?!!!!!!!!!!:) ——– >. AS A MATTER OF FACT THAT US FED HAS LOST ITS CREDIBILITY ALREADY AS I'VE SAID MANY TIMES THAT DO THE SIMPLE MATH ——– > NEXT YEAR BASED ON WHAT THE CHAIR POWELL SAID THAT ——– > US GDP GROWTH ONLY +0.5% VS UNEMPLOYMENT RATE + 4.5% VS ITS FUNDS RATE +5.1% VS AVG CPI +5% +/- < —— WHAT IS GOING TO HAPPEN TO THE US ECONOMY? AGAIN IT IS A SIMPLE FACT THAT US ECONOMY HAS BEEN TOTALLY CAUGHT BY THE STAGFLATION THAT AGAIN WILL BE GOING ON AND ON FOR MANY YEARS TO COME THAT ——- > AGAIN DO THE MATH ——– > NOW WHAT IS HAPPENING?!:) ——– > A HUGE THING IS HAPPENING THAT CHECK THIS OUT ——– >
HAVING MORE AND MORE US$ CHINA YUAN BITCOIN EURO POUND H.K$ STOCKS BONDS REAL ESTATES IN USA CHINA EUROPE MEANS ——— > AS I'VE SAID MANY TIMES ALREADY THAT LOSING MOST OF YOUR ASSETS INTO COMING YEARS THAT AGAIN THOSE CURRENCIES ARE NOT COMMODITY THAT AGAIN FURTHER AND FURTHER THOSE CURRENCIES VALUES ARE GETTING DEPRECIATED MORE AND MORE AGAINST THE COMMODITY THAT ——— > AGAIN JUST +5% US FED FUNDS RATE CANNOT HELP REMOVING BUBBLES AND NOT ABLE TO FIX THE FINANCIAL ENGINEERING PROBLEMS MEANS ——– > AGAIN IT IS TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO LATE TO FIX THE FINANCIAL ENGINEERING PROBLEMS FROM TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO MUCH DEBT + TOOOOOOOOOOOOOOOOO BUBBLED THEIR CURRENCIES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
IN FACT NEXT YEAR US$'S FURTHER AND FURTHER DEVALUATION TO REMOVE ITS OWN BUBBLES THAT WILL BE A HUGE PAINFUL MOMENT FOR US HOUSEHOLDS + ITS ECONOMY + ESP AGAINST CHINA + EUROPEAN ECONOMIES BUT AGAIN IT IS TOOOOOOOOOOOOOOOOOOOOOO LATE TO FIX THE FINANCIAL ENGINEERING PROBLEMS THAT US + CHINA + EUROPEAN ECONOMIES ARE STRAIGHTLY HEADING INTO THE BIGGEST EVER ECONOMIC CRISIS SINC THE BEGINNING OF THE 20TH CENTURY AS I'VE SAID MANY TIMES ALREADY!!!!!!!!!!!!:) ——— > BECAUSE ALL THOSE ECONOMIES ARE NOT ABLE TO THEIR OWN DEBT PROBLEMS THAT IN ANYWAY WE ARE SEEING THE LAST MOMENT OF THE MOST TERRIBLY DEBT DRIVEN ECONOMIES INTO THE ARMAGEDDON!!!!!!!!!!!!!!!!!:)
AGAIN CHINA(+H.K) WILL NEVER REOPEN THAT AGAIN ONE OF THE BIGGEST REASONS WHY CHINA NOT REOPEN ITS BORDERS IS BECAUSE OF ITS TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO MUCH DEBT EVER SINCE ITS OWN HISTORY MEANS ——– > CHINA AS I'VE SAID MANY TIMES ALREADY THAT IT CANNOT SOLVE ITS OWN DEBT PROBLEMS BY ITSELF THAT AGAIN ——- > TOOOOOOOOOOOOOOOOOOOOOOOOOOOO LATE TO FIX THE FINANCIAL ENGINEERING PROBLEMS FROM THEIR OWN CURRENCY + DEBT BUBBLES!!!!!!!!!!!!!!!!!:) AGAIN AND AGAIN END IS END!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
AGAIN AND AGAIN WHO IS BUYING THE FED'S 9T$ BALANCE SHEET? < ———– AGAIN NOBODY BUT ITS OWN US FINANCIAL MARKET!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) < ———- YOU KNOW WHAT I MEAN? THAT MEANS IT CAN NEVER REDUCE ITS BALANCE SHEET BUT MORE AND MORE DEBT PROBLEMS ARE GOING ON AND ON IN US ECONOMY!!!!!!!!!!!!!!!!!!:)
WHAT ABOUT EU? ALSO IT CANNOT SOLVE ITS OWN +10% INFLATION PROBLEM FROM ITS TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO MUCH DEBT ———– > AGAIN ECB + BOE THOSE ALREADY HAVE TOTALLY LOST A FIGHT WITH THE DEBT PROBLEMS FROM THE BEGINNING UNDERSTAND?!!!!!!!!!!!!!!!!!!!!!!!!!:)
NEXT YEAR WE WILL SEE MUCH MUCH MUCH MUCH MUCH MORE PAINFUL TIME BUT ———- > AGAIN IT IS TOOOOOOOOOOOOOOOOOOOO LATE TO FIX THE FINANCIAL ENGINEERING PROBLEMS!!!!!!!!!!!!!!:)
US FED FUDNS RATE WILL BE IN THE RANGE OF +7% – +8% NEXT YEAR BUT STILL IT WILL BE TOOOOOOOOOOOO BEHIND THE CURVE AND IT WILL BE TOOOOOOOOOOOOOO LATE TO DEAL WITH WHAT IS ACTUALLY GOING ON AND ON IN US DEBT MARKET!!!!!!!!!!!!!:)
AGAIN US$ IS NO LONGER A SAFE HAVEN ASSET !!!!!!!!!!!!!!:)
特斯拉决对是长期饭票的代言人，我永久记得在2019 10月份所有媒体对特斯拉的报导，大家都认为这间公司会倒闭，到最后升了40多倍，又怎么说？。。，
CUT THE BULLS HOPE ONCE AND FOR ALL 🙂
Powell is a clown. Working with a lagging CPI that would actually be negative M/M if shelter is measured correctly is wrong and Powell has yet again demonstrated how stupid Fed policies are harming Americans through unnecessary booms and busts. Biden should fire this moron
Bitcoin trading right now will be at every
wise individuals list. In few months you'll be ecstatic with the decision you made today
Enough is enough. A recession is 100 times worse than some inflation
The good news is that interest rate cycles are decades long. Because that is what it will take for the fed funds rate to "tackle" inflation here.
Time to keep rate unchange and next years is time to cut rate .
That’s a big greasy don’t you think? We are not going to bail you out this time buddy.
we should investigate Paul, because I think that he is in cahoots with all streets, big banks, and Big Oil.
Of course, unemployment is low because 1 million people died, and they won’t let our season of migrant workers in
The only reason we are still going through. This is because of price gouging. We really don’t have a way to stop companies from doing this. Or do we?
If we keep voting Democratic and get a Democratic house and senate, we can put some control on these businesses that think they are in control of America, not the government.