Federal Reserve Chair Powell testifies before House financial services panel - 7/10/24

Подписаться 2,8 млн

Просмотров 149 тыс.

50% 1

Federal Reserve Chair Jerome Powell testifies on Capitol Hill before the U.S. House Financial Services Committee on Wednesday.
The appearance comes after Powell appeared before the Senate Committee on Banking, Housing, and Urban Affairs on Tuesday. There, Powell said U.S. economic growth is still solid but acknowledged that the central bank now sees the economy as having the two-sided risk of rising unemployment and inflation that is still above its 2% target.
"Reducing policy restraint too late or too little could unduly weaken economic activity and employment," Powell said Tuesday.
For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
» Subscribe to CNBC TV: cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: cnb.cx/SubscribeCNBC
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC on Threads: cnb.cx/threads
Follow CNBC News on X: cnb.cx/FollowCNBC
www.cnbc.com/select/best-cred...
#CNBC
#CNBCTV
Federal Reserve Chair Powell testifies before House financial services panel - 7/10/24

Опубликовано:

9 июл 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 158

@Stevierockie 16 дней назад

Fed Chair Powell just testified before the House, and the stock prices plummeted. It's incredible how much influence one person can have over the entire economy. As the head of the Federal Reserve, Powell's words can send shockwaves through the market.

@Stephenrogzyyy 16 дней назад

Absolutely, his testimony can affect interest rates, inflation expectations, and overall market confidence. If the market perceives his statements as negative or indicating tougher times ahead, it reacts almost instantly.

@JimRex-sf8bt 16 дней назад

That's why having a good financial advisor is so crucial. They can help you navigate these turbulent times and make informed decisions. I remember last year when Powell hinted at interest rate hikes. My advisor, Desiree Ruth Hoffman, had already warned me and adjusted my portfolio accordingly. It saved me from a lot of potential losses.

@pengily_emi 16 дней назад

Desiree Ruth Hoffman? I've heard a lot about her recently. People say she has an uncanny ability to predict market movements. With everything going on, it's reassuring to have someone who can give you a heads-up on what's to come.

@Stevierockie 16 дней назад

Yeah, she’s been fantastic for my investments too. When Powell's testimony today hinted at a possible economic slowdown, she had already positioned my assets in more defensive stocks and bonds. It's about being proactive rather than reactive.

@Stephenrogzyyy 16 дней назад

It’s not just about reacting to the market; it’s about being prepared for different scenarios. A financial advisor like Desiree can provide that foresight. When Powell speaks, he’s essentially providing a roadmap for where the Fed thinks the economy is heading. Understanding and acting on that information can make all the difference in your financial health.

@dogegamer3288 17 дней назад

So basically almost nobody from Congress gives a rats about attending this critical meeting. The place is empty. Shameful.

@tiamat_023 17 дней назад

It’s a committee meeting, keep your pants on. 🙄

@Dr.Weed8 17 дней назад

Yeah they’re too busy trading NVDA stock to care.

@cjgazerro622 16 дней назад

There’s a vote on the house floor I’m not defending them I’m just saying, I know there’s a vote going on

@marzv888 17 дней назад

Powell deserves a raise, he has one of the hardest jobs trying to satisfy the poor, corporate greed, greedy banks and investors, middle class, rich, and slimy over spending geriatric politicians! Don't get how they're grilling him when these house people are spending like a teenage girl with a AMEX black card. Powell is trying to tell you that jobs are still strong and we're still spending ridiculously. He keeps giving us clues but we're just not listening, we love plastics and just junk.. Merica

@larrybuller4707 17 дней назад

Look at the Jobs report, most are part time jobs or government jobs…at least do some research and not just spew the Democrats lies to Americans…

@sucim 17 дней назад

54:00 LOOL "So eliminating the FED is best for promoting economic stability?" "YES"

@realestatemindset 17 дней назад

I'm on it 🎉

@kylephipps1078 17 дней назад

Yeah, the MO rep didn't know what JPOW was saying and apparently JPOW didn't know what the MO rep was saying lol

@pootsplasencia4846 17 дней назад

@@realestatemindsetbrooo you are everywhere

@miamianz 17 дней назад

At this point yes ive been through 6 economic collapses

@Lombardi54 17 дней назад

I had to listen to it twice to catch it 😂. Nobody heard anything clearly on the last part. It was like Mr. Magoo interviewing Mr. Magoo. I respect those two well meaningful men but that glib was my favorite!

@1996ivang 17 дней назад

If Ms Waters ever has a problem in public office, she will be able to take up a job as a comedian. That'd be a better use of her talents

@tortreform9478 17 дней назад

Listening to that lady talk makes me wanna go buy one of those 25 year shelf life emergency food kits from Costco.

@0monroy 16 дней назад

I believe it's important to consider the age of individuals serving in the Senate and in Congress. Perhaps we should explore implementing term limits to ensure that representatives and senators can bring new perspectives and ideas to the table.

@tortreform9478 16 дней назад

@@0monroy Term limits would be tough but I think everyone can get behind an age cut off. It could be that you cannot serve of you hit the us life expectancy of 77. A good comedic irony would be that you cannot serve if you meet the set age for full social security retirement benefits.

@0monroy 16 дней назад

I agree, but the cutoff should be 60. We need a younger influence to challenge our administration and remove the stalwarts of authority.

@tortreform9478 16 дней назад

@@0monroy Yeah younger would be better but i just think the number has to be derived from somewhere for it to be argued properly. 67 being the retirement age for Americans seems hard to argue against. 30% of the senate are older then 67 and about 15% of the house are older then 67. That 30% and 15% are probably the ones calling the shots realistically.

@mickeyslaven 17 дней назад

I couldn’t even make it through yesterday’s. They keep saying the dumbest stuff imaginable just for the camera. Not even asking him legitimate questions.

@bjnowak 16 дней назад

This is the first time I’ve ever watched one of these. How in the world does anything get done?

@stevenbeenaware 16 дней назад

These people are corrupt. The Fed needs to be abolished. They have never been audited.

@mickeyslaven 15 дней назад

@@bjnowak welcome to the club, nothing does get done lol.

@shawncanon9028 17 дней назад

I’m just confused how they get to walk out during a meeting.. Any other job you would get fired how is this allowed

@amansyed9552 17 дней назад

wait what happened, reference?

@stevenbeenaware 16 дней назад

Don't be confused my friend. It happens because they are corrupt

@marzv888 17 дней назад

Ms Waters LOL

@user-jz8bv7dh7k 17 дней назад

What a waste of salaries

@loveline7305 17 дней назад

A crowd full of goofies asking idiotic questions....God bless America

@bjnowak 16 дней назад

Who votes these people in?

@dmtd2388 17 дней назад

Jerome is accumulating new printers for the new presidency for the last 4 years hes hobbies are printers

@jackie-sd6lc 17 дней назад

this is what happen in real world: A student interviewed by C student, like all the time in job market

@slasherfreek 17 дней назад

Mr. Green is such a hater.

@jwb4bb 15 дней назад

53:38 - Powell agrees that eliminating the Federal Reserve would promote economic stability.

@larrybuller4707 17 дней назад

Who votes these people into office…

@bjnowak 16 дней назад

Wondering the same thing

@stevenbeenaware 16 дней назад

Corruption at the highest levels of government

@ytrabbithole6893 17 дней назад

Yes, the economy is doing great, average young American can't afford a house anymore...

@samuelpanning764 16 дней назад

Chair Powell is an honorable leader with a good balance of empathy, pragmatism, and perseverance

@stevenbeenaware 16 дней назад

The federal reserve is corrupt. They never have even been audited. He is a part of the problem

@lsmitty8839 17 дней назад

😅 inflation up well over 40 % not sure what world they are living in FJB , morg rates have tripled in 3 years !!!!

@mohamedyusuf3400 17 дней назад

F$$$ Joe Biden. Worst economy for a teenager such as myself to prosper in

@MrXceller 17 дней назад

what does this have to do with economics?

@larrybuller4707 17 дней назад

We dont need a law or DEI..Hire the best people regardless of there background, or color..

@zenx28 17 дней назад

2:08:45 is all you need to know on why the economy is in the trash

@RobertRituaRealEstateGuide 16 дней назад

Mss Waters, the Fed raise and lower interest rates to control inflation, has nothing to do with Diversity and Inclusion. The monetary policy does not discriminate. Money does not discriminate. If a business need to downsize, in a recession, they will need to lay off some of their workforce for the business to survive in those challenging times. Diversity and Inclusion in this case will bring the the company down if you're going to mandate the company to keep their workforce in those challenging times. If the company closes, they all will be unemployed. The monetary policy is a balancing act the Fed needs to deal with.

@0monroy 17 дней назад

Ms. Waters always seems to seek out policy in the midst of the fed. Why os she even discussing Project 2025. Whaat was her point? Bravo Jerome Powell.

@momof2souls614 15 дней назад

WHY WASN'T HE SWORN IN?!?! It's hard to have and keep anyone accountable without being UNDER OATH!!! WHAT THW CRAP!?!?!?

@edwardloomis887 16 дней назад

I salute Ranking Member Waters in her first committee hearing as head of the Whig Party.

@chaunceyhart1346 17 дней назад

Where’s Ron Paul when you need him! These people don’t have a clue about anything.

@Richard_Martin 17 дней назад

Chair should have ruled on the point of order, in general this is really sad to see they have no idea what they're talking about

@user-ol7tl1vf5m 15 дней назад

If money ceased to exist, human ingenuity and drive to build and innovate would persist. Throughout history, innovation and progress have often stemmed from necessity, curiosity, and the desire to improve our lives, not solely from financial incentives. Communities would likely find new ways to exchange value and resources, ensuring that creativity and development continue to thrive.

@Scorch428 10 дней назад

my God that camera woman behind Powell in the first half is gorgeous...

@anam.caballerowilson9421 16 дней назад

Ha ha ha empty seats like emptying the Feds

@JahBreed 10 дней назад

Its what the people want.

@Spacedecorator1 16 дней назад

Done with both democrat and Republican BS of blaming each other for inflation but doing nothing at all.

@larrybuller4707 17 дней назад

It’s about the best Talent.. This women is crazy…and doesn’t know anything about the economy

@abgzulkifli 17 дней назад

Free pizza for everyone

@mohamadborzoie3384 17 дней назад

Mr Green Are You?

@marzv888 17 дней назад

Min 51-54 please skip it's just another one that's to old and should retire already..

@JohnSmith-t7g 16 дней назад

soft landing possible?

@ATLFUNKCARTEL 17 дней назад

You can’t just “wipe out” student loan debt. You just increased our deficit by that much.

@taranjitsingh2714 16 дней назад

Buy gold stocks…look for Q2 blockbuster earnings with high gold prices…gold stocks will skyrocket and not to mention interest rates coming down further fueling prices!!

@MoneyyManFX 16 дней назад

That camera girl behind powell is fine 😍😍

@0monroy 16 дней назад

Mr Green: Was ridiculous in his motion.

@garymcmillan6943 17 дней назад

What normal people would say after both sides opening arguments would be : You both just lied and you are completely absurd.

@Doomtasticness 17 дней назад

bruh

@miamianz 17 дней назад

Everyone os goverment should be making minimum wage so they understand how trickle down economu works. Im moddle class and i can tell you the pop hit the fam 2 yrs ago the upper class is about to be the middle class in another 6 months. But lets not kod ourselves this ia the plan to keep us finacial slaves and banka to keep all of us renters.

@bjnowak 16 дней назад

Why did get cut early?

@CarlitoswayDR 17 дней назад

Mr Donalds was the best here today

@stevenchen8933 17 дней назад

Ms Watters makes me sick!!!

@hubaermi 17 дней назад

5 minutes seems not enough....

@stevenbeenaware 16 дней назад

Exactly. Its BS. And all one big show.. it's corruption at the highest levels of governments. This so called leaders make rules for us, all while. They get richer and many get poorer.

@larrybuller4707 17 дней назад

More free money…I worked two jobs, making 8.00 an hour…I didnt get any free money…

@GailKaasa 16 дней назад

There is a bunch of Republican BS

@eduardosimoes5877 17 дней назад

What happened?

@larrybuller4707 17 дней назад

Who is this guy….

@christophfrei9578 17 дней назад

Stagflation!

@Miyo_Kun 17 дней назад

yoooooooooooooo

@mohamadborzoie3384 17 дней назад

What happened? !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

@johnmarkston4883 16 дней назад

lizard people 🦎

@RedguardSpy 17 дней назад

B b bruh

@davidjonburke2729 17 дней назад

What a bunch of losers

@westmassdave7354 17 дней назад

Your All overpaid And i want my money back! All of it.

@Denis_Lamy-f5k 17 дней назад

@romek5523 17 дней назад

🏦😈🏦

@lilboogie6106 16 дней назад

Biden is finished

@fernandoaranda-q7d 15 дней назад

Thank you. Crypto education is what the world needs the most right now. I don’t think that buy and hold is a valid investment strategy anymore. Not too diluted and to a degree, follows Sonal Collinsfx trading ideas and signal tips for your portfolio growth and aggressiveness. she is a woman who has not only taught me what the cryptocurrency trading world looks like but a secret to uplift my finance. Buying crypto and waiting for the price to shoot up is not the best way to invest in the market but buying and trading is Boston