10:08 He says, “…The best service we could do *to* the American people…” not *for* the American people. Few corporations actually serve the people anymore; they only do things *to* us, and not *for* us. Unelected entities, unlawfully manipulating Americans and all who live within our borders.
we are slaves, most of us and we dont even know it, trapped with debt we will never pay off and stuck to work until we retire or die to make money for the top 1%
They serve those who don't pay taxes or who puts their money into the economy as well financial markets. They are hurting us who pay taxes and work for our living aka those who take care of slackers / prisoners / immigrants / wars.
@@scarling9367where I live inflation keeps increasing especially with groceries, gas, housing etc. Prices have not gone down where I live & ppl r losing their homes to high property taxes, young adults r living with their parents bc they can’t afford to buy an over priced house at 7% mortgage rate. Same with cars used cars r more expensive than new cars 3 yrs ago. Inflation has not gone down. Maybe where u live it has.
Not sure how I came across your videos. But your delivery of the information makes me laugh, but also keeps me engaged. I feel like you’re an expert and you talk to me like I’m dumb. But I’m here for it. lol.
The sheer stupidity of the questions they're asking. Is mind-blowing. Reporter one, are you gonna cut interest rates next month? He basically reply we don't know yet. The next reporter , are you gonna cut it by fifty. If he doesn't know a cuts forsure yet How the hell would he know if utll be cut by fifty.. Be like me asking my boss if we're gonna get Christmas bonuses this year and when he says i don't know yet.Then I'm gonna say, is a $1000 out of the question..Give me a damn break already.
I noticed that too. Lots of softball questions.. I'm wondering if only favorable reporters are allowed in the meetings. The lack of transparancy in everything sucks.
I feel like they're not going to say there will not be a rate cut. Because everything is based on consumer confidence. If you tell people its not going to be better right around the corner, then no one will have confidence and markets will go down. It's gambling. Thats it.
The only tool he really has is raising and lowering interest rates. The politicians need to actually start doing something to address our insane debt. Powell has no power over our insane spending
@@sheldons.6242- when your interest expense (interest on debt) becomes the highest expense, you’re basically bankrupt. That is where the federal government is at right now.
@@Plantbased7.25% is not going to even be worth paying the closing costs😂. More often than not you need at least .75% to make it worth it. Thank god for my sub 3% mortgage. Loving life right now.
I'm committed the federal reserve will do nothing all year, so my hope does not become high when September comes. Plus if they do cut in September, it won't be a big cut, it probably be a baby cut.
Homes are not selling ,prices are high,intrest is high,and property tax is double what it should be ,because the price is too high .And fewer buyers have money.
Maybe not historically high, but they are high.. there's almost no point in investing if you're getting an 8% return, and your mortgage is also 8%.. Also, you're aware these rates also have an effect on how much interest our Government pays? Right? Last month, June, approx. 78% of the Federal Govts tax revenue went to INTEREST alone.
The leadership have always been taking everything from the citizens since we went on the dollar currency. They print money to fund wars and give out free money to stupid nonsense nonprofit organizations.
If anyone is waiting on the side lines for interest rates to drop to buy a house. Should probably do it now and refinance later. I have a feeling prices will sky rocket again. Making it more difficult to buy one. What are you thought Brian?
Inflation is way too high to cut any rates; this nation is 32 trillion dollars in debt, how is the economy strong enough to cut rates???? So confusing...
Well it all sounds more like my childhood horrific rollercoaster ride therefore I refused to ever ride it again. Allow me to thank these gentlemen for such clarity.
You mean to help Democrats in the Election in November!? You mean inflation is under control like they said was needed before cutting!? I mean Inflation was only transitory right before the last election. It's almost like the FED is political..
You are the best, even if I don’t agree with your opinions. With how informative you are and just cutting to points and ending points clearly. Underrated RU-vid channel definitely (for economic information)
Rate cut in September unlikely...time will tell, obviously. FED wants higher rates. It needs the ammo for when the economy faulters and rate cuts are actually needed.
The FED is out of ammo. Rate cuts (just the Federal Funds Rate) are mostly meaningless. The real power the FED has is QE but they cant buy several trillion dollars worth of .gov debt with printed money again or we will have 10% inflation in no time.
@@jonathantaylor6926what do you base your position that rate cuts are mostly meaningless on? Seems pretty powerful to me. Even the talk of rate cuts sends the markets higher. Also, how do you know the FED can't come up with another version of QE? I wonder...perhaps it already has...🤔
you know, you could also do that, the truth is, nobody is really in command of anything, the level of entropy is far greater for any single one organization or group to actually control the outcomes with 100% accuracy
They can't continue to service the debt with rates this high. Our debt to gdp is too high. Also there are so lany on unrealized losses, they have to lower the rates before they realize.
Who cares what the markets expect, J.P. better do what's right. Even if it brings pain now, it's about our children's future which has been dissolved by these selfish greedy politicians
Great video. Thank you. 0.5% is aggressive, and you would need to see clear signs. You would need to see steep inflation reduction for that to be in play. I don’t think we’re seeing anything like that.
Hey Brian ~ Any updates on SSA eliminating the income restrictions when collecting and not at full retirement? Thanks for all your hard work and dedication!
They cut rates slightly in June. Inflation rose from 2.5% to 2.6% in July. It was also measured at 2.6% in May, and has consistently bobbed around that point since last November.
We're just not there yet. Inflation is sticky. Cutting rates will only reignite the inflation process all over again. I would've even raised one more time early on. It's painful in the short term but normalizing for the forward process and even price stability in the long run.
Brian, I have been watching your stuff for a while. It is generally a truthful barometer of what is happening via federal reserve. Have you ever toyed with the idea that inflation is only possible through 1- scarcity of a good/service, or 2- through the use of a fiat currency?
Unless I missed it, did you catch the part where someone asked him aren’t you worried about the yield inversion and how long it has been inverted, and he basically brushed it off saying maybe this time is different. I just couldn’t believe he said that.
My personal opinion. .25 cut in Sept. No cuts in October. Coin flip for November and a cut in December. The biggest issue is no one is buying US Debt. The dollar will weaken because of lower rates. Official Recession hits around February and it will be ugly.
Here's a question that I would like to hear someone ask: Why are all the Central Banks stockpiling gold, are they preparing for an economic/USD collapse due to all this money printing?
When cars/trucks cost 40,000-100,000 high interest is bad for consumers & employment since no one will buy. People sell homes too high though with low interest.
a lot of things that we were suppose to see happen didn't happen when interest rates spiked, why is no one doubting the chance that they lower interest rates, then inflation goes up and they have to raise again?
Bro. You should do a video on why the Federal reserve should be abolished. It's bad for the US. BTW, why should I the average non-government employee have to suffer because the US government spending is monitored by a bunch of drunken sailors?? Why?
