Fed Chair Jerome Powell speaks following the Federal Reserve's Federal Open Market Committee's decision to keep interest rates unchanged, and provides updates on the Fed's fight against inflation.
@@Minos-ChargeWhite collar is struggling because of their own stupidity and greed. They artificially inflated pricing and cut jobs to inflate their profits and now are shocked We The People are done with it?
You have too much capital contentration in US. Working American needs to struggle and as renteers get more from stock and properties. Why anti-truns bill is not the thing as it was in Rockeffeler period? US is doomed by big tech domination.
One bedroom apartment, no parking spaces $3500. Gasoline $7.00 per gallon. One dollar tacos, now $5.00 each. Biden and Kamala ; "The economy has never been better"
How is thhat on Biden when you are looking on video on the person who did it which was appointed by Donald trump. He said inflation wasn't high so he didnt need to raise rates back then he also said it wa stationary and would fix it self and look at him now he was asked do this bu trump if u ask me
Then open up a company, get paid 1099 to business bank account, get business credit card, build credit and then buy your own truck/trailer on loan, and you won’t have to pay taxes and you’ll make more. Don’t be a victim, adjust. Or go into a higher paid trucking job, they are there but they include hard labor and increased risk. Complaining will do nothing for you.
during covid it had a 23% increase in inflation, plus 6 the following year plus 5 the following year plus 5 plus 5 so total is like 40% in total since then. thats why you lost 40% of your purchasing power. a meal for two is bout 40-50$ now in california atleast. before it would be 20$ or so and it goes up over every year. if your job didnt increase by 40% then you've lost 40% over your income. thats why housing food utilities and gasoline prices keep going up priced exactly to how inflation has gone up. this also doesnt go down either unless people start getting their money and throwing it into the ocean and restart the fiat system to where theres no more circulating dollars which isnt possible. you can fight it by buying stocks or bitcoin. your choice of weapon to fight. but people dont understand it nor will they precipitate in the fight. normal people just work and put into their 401k and pension which the 401ks and pensions use financial advisors to gamble with the money they put in and give them a matching mechanism.
Jerome needs to go now!! He has no clue as to how to stop the inflation from continuing! His words, "inflation is still too high, not assured, path not certain," all say that he has no solution to the problem!
Wow! Does the Federal Reserve not understand the extreme high cost increases of residential home prices and rentals, and food? Does the Federal Reserve not understand the connection between high interest rates and these high cost of living?
How do you factor in the amount of money that will be put out of circulation in the US with every immigrant that did come to work and that will sacrifice themselves here to send much needed money back to their families in another country? It is honorable to maintain their loved ones there, but every dollar earned here but not spent here is a deficit to the economy.
MAXIMUM EMPLOYMENT IS NOT LOW UNEMPLOYMENT lol FED is wanting the unemployment to go up and then they will consider cuts! He can’t say that but he did technically say it in this meeting.
Incredible that people give this Gov official any credibility. If you need to take out alone because of a few basis points or if your investment decision is based on this - U ARE INVESTING IN A OVER PRICED MARKET & U WILL PAY AT THE END.
We had 2 major Depressions and multiple recessions before the Fed and bank accounts were not guaranteed. The fed uses a few tools for these mandates. Before the Fed there were no tools and no mandates.
@@snwbm For the pre-FED period (1790-1913), the average annual inflation was 0.4 percent. Meaning the mandate "keep prices stable" was guaranteed by the legit FREE MARKET. The biggest depressions: Great Depression of the 1930s, the stagflation of the 1970s, or the financial crisis of 2008 which led to ~25% unemployment, happened with FED in charge. What are you exactly saying is the benefit of an entity that steals the economic energy of the average Joe by creating money out of thin air, and it is not federal, nor has any reserves? Please elaborate.
I think Powell is dodging the issue of illegal immigration contributing to the increasing inflation with the taxpayers money being re-directed to sustain those migrants instead of utilizing those resources to offset other issues that are pushing inflation higher.
Priting more money without creating more goods, crate biger money suplay but not more products to spend on it. Buy take in out money out of the economy make money stronger and more valuable.
@SantosSantos-bf5sz I sleep quite well irrespective of what happens in the market as I am financially secure ..why don't u start prescribing medication as a side hustle to sleep well at night🙂
Inflation is accumulative, your money is worth 20% less than just three years ago . Blame it on whatever you want but poor people are being destroyed by inflation. Inflation is a tax on the poor . You could say inflation is a 20% tax on the poor .
Prices are NOT stable. Home prices are inflated. Interest rates are too high. The cost of living is high. Home insurance has increased. Property taxes have gone up. My wage has not gone up, has yours? Teachers are getting laid off, retail chains are closing in the thousands. Fast food is not affordable. Mass layoffs are occurring. Dollar trees are closing. Homelessness is at a peak. Companies are filing for bankruptcy. America is funding the ongoing genocide. Illegal immigrantS are rampant. This country is a total mess! Jerome, do your job, better.
I always got fired, when I screwed up on the job. Will all these wall st pundits, media shills (eating your own vomit), stock brokers,etc lose your jobs? HAHAHAHAHA, not. The deafening 24/7 chorus (Thanks to Bloomy) vomiting ad nauseam,for months . 5 OR 6 RATE CUTS THIS YEAR?, can choke on your own words. PIVOT, RATE CUTS, PRINT. Back to the drawing board, and report on how you still have jobs, eating your own vomit.
This certainly sounds good too, but I think it's still worth considering more reliable options like copy trading platforms such as Eledator, for example.
What if the smallest monetary units were not printed by a central Bank, were very resistant to Censorship, had a Fixed Supply which would become exponentially more different to change over time and also had increasing Purchasing Power over time 🤔😯😲🤯🤠🥹🤠🍊🍊🍊. What if everything was priced in these units and Published on the Blockchain that was also very resistant to Censorship. i wonder what the value of that Monetary System would be and the Value of the Sovereignty produced by it...would i care what any Central Bank would do or say in such a System ?
