Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health …
22 Comments
Damn , 60 minutes is sooo stupid thinking we avoided a recession by Fed reserves rate adjustments… something like 70% of funds are "passive investing" by only buying up the super high multiple, overrated stocks (mag 7)…. But those 7 companies only employ like 10% of the US workforce…. The S & P will crash by 40% or more in the coming economic appocalypse and then lets see if 60 minutes is still praising the Feds job 😂😂😂😂😂
FED will never outpace reckless government spending and mismanagement. In the end Wall Street makes more profits and the common man loses their job. Thanks FED and Government!
I can't even get through this whole thing without writing another comment. During the pandemic fed lowered interest rates to close to 0% what do you mean you thought the economy would just bounce back. Create an entire artifical market and hope for the best? What kinda hogwash someone had to know that an artificial market would lead to real pains down the line. Now did people need help? YES but there's reprocussions. Holy cow wow.
We do not have a strong economy. 3.7% UE – OKAY, then why do I need 3 jobs with a college education and two professional licenses to even keep food on my table? Are wages keeping pace with cost of living when an average rental is $4,100 for a one bedroom. So people might be taking jobs, but that doesn't mean they can pay their bills. And that divide, has caused a complete breakdown. There is no such thing as middle class anymore when it costs 600k+ for a new home in major cities and suburbs just to be safe. Yes interest rates needed to be raised 11 times, but we are certainly not healthy from any econ. point of view. Wow this made me mad.
The monetary overlords from the federal Reserve ( neither federal nor does it have any reserves) have deleted my comment lol. Bitcoin is out of the box bois. Time is running out. TikTok TikTok
Damn , 60 minutes is sooo stupid thinking we avoided a recession by Fed reserves rate adjustments… something like 70% of funds are "passive investing" by only buying up the super high multiple, overrated stocks (mag 7)….
But those 7 companies only employ like 10% of the US workforce….
The S & P will crash by 40% or more in the coming economic appocalypse and then lets see if 60 minutes is still praising the Feds job 😂😂😂😂😂
brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr!
Bravo to Powell.
I notice strange things about people. Mr Fed Chairman has a voice of a 40 year old man not a 71 year old. I bet he can sing like Frank Sinatra.
New cpi came out and inflation surged
This Fed dude must held accountable and in jail because he and his corrupt people printed $$$ and caused inflation.
Maybe they should stop sending our tax dollars to other countries billions and billions of dollars and then cry about national debt
Guy creates inflation then takes credit for fixing it? Arsonist puts out fire he started.
The inflation report today was pretty rough
FED will never outpace reckless government spending and mismanagement. In the end Wall Street makes more profits and the common man loses their job. Thanks FED and Government!
I can't even get through this whole thing without writing another comment. During the pandemic fed lowered interest rates to close to 0% what do you mean you thought the economy would just bounce back. Create an entire artifical market and hope for the best? What kinda hogwash someone had to know that an artificial market would lead to real pains down the line. Now did people need help? YES but there's reprocussions. Holy cow wow.
We do not have a strong economy. 3.7% UE – OKAY, then why do I need 3 jobs with a college education and two professional licenses to even keep food on my table? Are wages keeping pace with cost of living when an average rental is $4,100 for a one bedroom. So people might be taking jobs, but that doesn't mean they can pay their bills. And that divide, has caused a complete breakdown. There is no such thing as middle class anymore when it costs 600k+ for a new home in major cities and suburbs just to be safe. Yes interest rates needed to be raised 11 times, but we are certainly not healthy from any econ. point of view. Wow this made me mad.
Government spending in higher education, housing, and health care are why the cost of living is much higher than 50 years ago.
The monetary overlords from the federal Reserve ( neither federal nor does it have any reserves) have deleted my comment lol. Bitcoin is out of the box bois. Time is running out. TikTok TikTok
1st they create inflation with endless printing and then reduce it with hikes … people getting conned both sides of the process.
Woodrow Wilson was a traitor.
Thank you jermone
Keep up the great work
LESLIE STAHL: "IT'S DONALD TRUMPS FAULT."
Full of crap. I don’t believe a thing the Fed says
Remaining dangers – labor overheat “rates” 1:27 of strong goes wrong.
The US economy is Ponzi scheme, failure is inevitable.
This clown is clueless! We will see more lay-offs and businesses going belly-up in 2024 then anytime in our history!