Federal Reserve Chair Jerome Powell speaks after Fed holds interest rates steady - 3/20/2024
HTML-код
- Опубликовано: 19 мар 2024
- Federal Reserve Chairman Jerome Powell delivers remarks following the Federal Reserve's two-day policy meeting on Wednesday.
The Fed held interest rates steady as expected and signaled it still plans multiple cuts before the end of the year.
Following its two-day policy meeting, the central bank’s rate-setting Federal Open Market Committee said it will keep its benchmark overnight borrowing rate in a range between 5.25%-5.5%, where it has held since July 2023.
» 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 Jerome Powell speaks after Fed holds interest rates steady - 3/20/2024
One day you're young, the next youre excited for the fed meeting.
lmao
I've never felt so seen 😅
💯
lol im 22
@@wyatt4238 lol you think you're young.
Should have never cut rates to near ZERO during a pandemic & created a buying spree with nothing to buy
lmao yes
Dogged tongue hanging animals should be replaced with AI and robots because this guy is a complete and utter failure
Had to
true
They needed inflation to justify raising rates. They were at the zero bound and out of ammo.
Professional and calm. No hype.
Wow desperate to lie aren't you.
Powell is hopeless
Why do people love this nonsense
Frontman, fall guy. Him and Fauci have a ton in common.
The rates need to go up not down. There needs to be pain before prosperity from the mess created since 2020
Its all political, its an election year. We the people are the pawns in their stupid game.
But its election year, I agree they should have been higher to crack the markets and bring back stability faster, instead this is prolonged and painful for some people - you can all thank Biden for 3 trillion spending yoy to sustain the higher inflation.
@@jpscott126if they cut rates and excelarate inflation they'll guarantee a Trump victory. Is that what they want?
The mess created from 2008-2015...
The mess started with Obama not 2020. Fed printed money the entire Obama administration as his economy stayed in the trash can. That is what we are paying for today. Once Trump actually started recovery the real economy rates should have started to increase in small increments.
Since we're approaching April, one of the best months to buy stocks. I am currently holding north of $300k in a savings account waiting to invest in another huge opportunity.. Where would you invest this as of now?
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with strategies to hedge losses
Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my advisr are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.
Your CFP must be really good, I hope it's okay to inquire if you're still collaborating with the same CFP and how I can get in touch with them?
NICOLE DESIREE SIMON is a hot topic even among financial elitist in California. Just browse, you’d find her, thank me later.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Amazing. 1 year ago he kept saying he was data dependent. Today I keep hearing "we're confident it will happen, we're just not sure when it will show up in the data"....
Because it's riskier to stay high on Fed fund rate for too long now as the high-rate pressure cooker finally shows some impact in the credit market. We have about $1T commercial real estate loans due this year and getting them refinanced at the higher rate and reduced assets values could be problematic.
Its all a scam
@@PABLEEZYTRADEZexactly
As soon as this bafoon spoke gold went up and broke records!
Well said my friend.
@@rightangletriangle3188 Thats not his problem, thats the real estate investor/banks problem, he serves the US people not the banks. Plus hard data showed that inflation ticked up (last reading) and yet he want to cut. Its all political.
I work at Publlix and do the price changes every day, so personally i feel the pain ! Ocala, FL
And he basically said removing energy and food, things look good... LOL wild... these are the ones that matter as they affect the little man... Fact is that it closer to 16%... No idea where they are pulling these numbers from, everyday Americans are struggling hard and will continue to.
The economy is doing fine, why lower rates? U lower rates if the economy is in recession or distress. This is a pure political move. This guy is destroying millions of people life and future, especially the younger generation.
Agree 👍
are u crazy? recession only starting in the background and you want a lower interest rate? Do you want crude oil on 100 dollars and more and stagflation ??? They are doing everything that they can do for future prosperity. Yes, we can have the next 5 to 10 years a bad economy and high unemployment but they still doing the best that they can. Past 15 years we have gotten money for nothing, and now we will do something. Easy times create a weak man, a weak man creates bad times and bad times create a strong man who again creates easy times. It's normal. Judge yourself on what you were doing last 15 years..
The cost of living seems to be increasing every year, making it harder to keep up.
Indeed, it's becoming quite challenging to manage expenses.
@@MelissaHobbs-qm8wi I've actually managed to stay ahead of the curve. I'm even contemplating early retirement.
@@LeahLewis-ny9iu Impressive! How did you achieve that?
This guy has the hardest job in america.... Trying to keep markets calm during a storm is impressive. The USA will fall no matter how many smart words you try to use to explain it.
go ahead, bet against the US
Doubt that the US economy would have any reason to cut rates this June given the adaptability of the economy to rate hikes
Bitcoin $500000-$1000000
OMG i've said "2% overtime" waaaaaaayyyyyy to many times. 😂😂😂
what does that even mean? over WHAT time?
yo what happened to the CBDC part
Thanks for sharing this.
A one bedroom apartment is $1200 Jerome
2100 in LA
3000 in greenpoint brooklyn
On Long Island my friend pays $1,600 for a one-bedroom apartment!
She's so stressed out too... This system needs to be destroyed including the Federal reserve!
@@kitobuono9781the puppet Masters want everybody to live in Smart City apartments by 2030!
2100 in San Diego lol I wish I could pay 1600
Too much money was printed
They will cut rates and then see inflation soar again! This has happened throughout history and then they raised rates once again and we seen recessions. Hate to say it but sometimes recessions are good to help restart the economy
Only America is going into a recession... . The rest of the world is ignoring them
we've just went thru a recession.....
It wasn't a recession
The establishment won't allow a recession because it guarantees a Biden loss. Higher inflation just got entrenched to get Biden reelected.
sure it was...it literally had 3 qwuaters up underperofming gpd....just because the fake media news says it wasnt, and senile biden swear it wasnt..... ther amercian people sure felt it.@@enginileten9922
Rates are not going down anytime soon. Inflation increases still until the recession hits. We will hit rock bottom before we start to see betterment
Dollar to the moon
Crazy time we’re in.. on one side we have the politicians just printing billions to send overseas.. then we got this guy battling inflation
This guy caused inflation when they printed TRILLIONS then helicoptered it into the economy. Lol
🤣
I keep hearing "higher for longer"…
Inflation ticks higher and the fed comes out dovish.....the 3 questions that should have been asked at the press question are.......1 Is it an election year? ..........2 Who gave you instructions prior to this meeting ...........3 How big was the brown paper bag?
Is it dovish because he opened up saying they’re happy with inflation?
@@uzuiivYes it was dovish because even with inflation seems set on rate cuts ...well...market took it as dovish because they started to buy everything in sight......but today seems the bond market not taking part.....to be honest thought a correction was coming now damned if I know.....upon reflection still think bond rates and inflation still going up especially with food prices.....farms having trouble getting staff and have to keep offering higher wages...will impact prices...Lamb gone up 35% since autumn Cocoa been soaring and more to follow I think
Inflation & shrinkflation which means it’s much higher than they say.
I don’t use Jerome’s monetary system. Good luck to jerome
what does '2% over time' means? what is the time span?
Everything is just fine except the debtor, but they had been so happy for the last decade, so why the Fed want to cut rate!
Once there is a rate cute housing princess are going up
Is it possible to will come inflation from 3.2% to 2.4 % as FED targeted on end of 2024. That mean 0.8% should come down. 60% of rise of inflation last quarter was shelter and gasoline eventhough core inflation came down 3.9% to 3.8% but transportation inflation has increased 0.4%. then how could inflation will come down from current 3.2% to 2.4% as targeted by FED without increasing the interest rate. Apart from that, geopolitics, especially on OPEC and it's other supporting members crude oil production cut and oil price maintained in the range without deep fall. Hence, there is lettle hope for rate cut in this year unless geopolitical and OPEC supports it. Current interest rate is 5.5% inflation target is 2.4% then we may consider interest rate target of 2.5% at end of 2024, if inflation rate achieved 2.4%, then 3.5% interest rate cut at end of the 2024 almost highest possible one if verything goes well according to FED expected things. But is not highly likely scenario. Further GDP growth projection indicates no recession but short term interest rates are much higher than long term interest rate. It is possible everything will change come 9 month ¿????? Wow!!!!! If possible then it greatly managed by all. Like FED, policy makers and business leaders and buyers & sellers. Hope for best.
Joe Rogan, can you interview Jerome Powell?
Lex
Professional? He is playing a game of words. “ Yes yes, we are working on it, we are finding a solution, we are waiting for the data to know what to do”. Keep the interest rate the highest as you can for the future of America
Basically, "We haven't made back the money we printed yet"
As long as America wars with China and Russia DO NOT EXPECT ANY SIGNIFICANT RATE CUTS.
Americans are ADDICTED to low interest rates - under 3%. Anything higher than that and they actually have to work to pull out their credit cards.
With cpi inflation already over 20% over a couple years, why is continued inflation ok at 2%? How does that help people if you don’t get price stability back to lower-than-current prices?
Every economic course ever created says that the Fed will only lower rates if there is an emergency or recession… are people hoping for an emergency or recession?
A recession cycle is normal and absolutely necessary right now
Hmmm every time Powell talked about a CBDC the video cuts out 😑🤔🤔🤔
Well done Jeromy let's seèeeeeeeee❤❤🎉🎉
Good afternoon !
That’s a lot of non answer answers
There will be a rate cut in Q3 doubtful for May/June
That is UNLIKELY to happen
There should be a cut close to the election to falsely make the economy look like its not dying
Purple tie Lent color 💜
Tell your banks to stop writing new credit loans !!!
Smells like the fed is fearful of inflation might be getting a little out of control. Also slowing run off because of supply indigestion of treasuries.
FED Excellently tackled for question of environmental projects affects because of high interest rate. Then, who was responsible for high inflation???? Suppliers or demand sider ????
FED dollar is trash. They devalue your hardwork.
RMB?
@@afong4434 Think about its material cost. Low material cost = Easy to manipulate
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start
How? Am a newbie in crypto investment, please can you guide me through on how you made profit
Mrs Celina Regina has really set the standard for others to follow, we love her here in the UK as she has been really helpful and changed lots of lives.
Mrs. Celina Regina is my illegitimate lover. And I’m having her baby.
He says in his remarks that the fed may increase rates if needed. 🙏
What happened during the blacked out parks of the Q&A?
He was asked about digital currency
The only government figure that doesn't lie to your face. Tells you the facts and trys to do the best job possible. Must be very difficult.
Jerome Powel is very professional with his responses. I love it
It identifies as the new 2%
The federal reserve might not cut during the June meeting
What’s he saying about the digital dollar?
Good question, Steve. He’s not being forthcoming about the indications that their policy is still too loose.
More like 2.8%? More like 12.8% …
More data,enough data,we need
Good afternoon
Political reserve has shifted the neutral rate because it's impossible to get to 2% without a recession. The establishment won't allow a recession in Biden's reelection year. Higher inflation has just become entrenched for political reasons. Lower classes have just been locked out of upwards mobility forever in this country.
Great!
Jerome Burns
Oil prices are very high, to talk about lower inflation numbers..
Cuts out as soon as powell talkes about cbdcs
😂 make no mistake about it, there will be pain involved in route to that 2% inflation rate.
Political reverse just admitted 2% isn't happening. Pay attention to the details.
All BS and keep saying need to gain more confidence in order to make decisions. People are suffering and once the data showed what they want to see then the whole market will crash and people suffer to die. Reduce his salary and see what he thinks.
So he has figured out, He is between a rock and a hard place.
prepare cut rates before election?
HE CLEARLY SAID FEB IS THE END OF THE YEAR.....NEW YEAR STARTS IN SPRING.....THANKS FED POWELL.
Anyone with a brain knows that prices are not “coming down” without a severe recession so anyone looking for immediate relief will find limited . Wages will either A. Catch up with strong wage growth or B. Lag behind in which we will continue to have issues with purchasing power of normal everyday Americans. This is directly attributed to the trillions in Covid spending that we Had over the last 4 years. In order to take money out of the system , interest rates will have to remain at an elevated level for the foreseeable future and Americans will have to hope for large wage growth from corporations to catch up to the living standard. Slim to none and slims on vacation
Hi Arthur ☺️
What is the problem with 4% inflation everyone can afford it
We have two perspectives of economy existing today: the perspective from a fiat participants view and perspective from Bitcoin participants view 😏
Which universe of participants do you think is happier?
INFLATION INFLATION INFLATION INFLATION INFLATION INFLATION INFLATION INFLATION INFLATION INFLATION INFLATION INFLATION
Inflation nation about to see a horrible ending to the American empire!
where's my shovel? 🐂💩🚽
What Gross Domestic Product did we distribute ?? Military -War Weapons?? Overtime??? Many americans do not have that time. Big corps buying up houses and little guy debt 😢
Like Klaus Schwab said from the world economic forum... You'll own nothing And be happy!
If the job market is so good, why can't my colleagues and I find jobs. Most of us who were unemployed a few months ago are STILL laid off. I applied to 50+ positions as of Sunday.
Your right, lets base all of our national economics on you and your buddies circumstances, you guys should be giving the meeting.
@@daleyoung4710the market operates independent of political parties, looking at anything through lens like that aren’t helpful.
Maybe it is you
Do you guys remember “Inflation is transitory” , JPOW has the same logic right now, inflation going up, back to 5% if not 8%
It was transitory, then he was reappointed, and only then did they start aggressively raising rates 🤔
How are you making good progress and bringing inflation down if it’s stagnant and going up in the last two months!! is this guy senile
He's politically biased and will do whatever the far left extremists want. Which is more profit and another 10% for the big guy.
Hey puppet i cannot buy a house
Thank you. Reality is still alive, just not well.
Klaus Schwab from the world economic forum said by 2030 you'll know nothing and be happy!
Best idea these days? Split on a house with a sibling or trusted friend/family member, build equity over 5-7 years, then sell the house and split the profits equally, you can’t los
Why not?
Good
Gold 👏
There is absolutely no way inflation drops back to 2% without a massive recession. That’s the quiet part he isn’t saying. But if you have even a slight understanding of the money supply and what drives inflation you know this is true.
Jerome powell must reduce interest rates back to 4% and 5%… right now the interest rates killing housing markets and the auto industries of the country breh
You want your target of 2 percent quit creating currency!!!!!!!
Interest rates are kept same as it is
Bla bla bla bla Bla bla bla bla Bla bla bla bla Bla bla bla bla Bla bla bla bla Bla bla bla bla Bla bla bla bla
You're point is totally understood
Exactly... these liars think we're stupid!
tyson is giving jobs to immigrants after laying off others in Iowa!! dafuq?
We’re seeing it here too. Illegals are everywhere.
More like 7%
AI generated video seems more real than this fake speech 😂😂😂
LoL 🤣🤣🤣🤣
He's 100% sticking the Biden made script
Only know that you have done properly so keep on………………
Gold up 1.3% Ha Ha Ha
👏
Showtime!,,
I have about 5% of my portifolio in AAPL stock, any advice on any other that I can grow my $200 k capital to a million dollars??
I have heard a lot of wonderful things about Andras Bohm on the news but didn't believe it until now
I'm willing to make consultations to improve my situation. What is the most reliable medium to reach him please?
his website appeared right away, You've saved me several hours of research, I appreciate it
3 months data was higher inflation and still he announced 3 cut without looking at next months data why????
September 15th the wef and Central banks will announce the new CBDC so my guess is that the financial system will implode very soon
its an election year
He didn't announce 3 cuts. Learn to read. And listen for that matter, he explains the SEP in this press conference.
Lol Powell is being dovish as we're watching Inflation creep back up. Where's Volker when you need him? Powell needs to resign asap
I have been saying this all a long that Jay Powell needs to resign. The federal reserve keeps saying that the inflation is cooling down but it’s not it’s only getting worse and like myself I continue to notice that prices in the grocery store are getting higher and higher. They’re not going down the prices are going up and up. Jay Powell has destroyed our economy and so has Janet Yellen between of the both of them I don’t know who is worse I think it’s a toss up.
They are lying, the dual mandate is not what they are trying to achieve. Why would they cut rates if they really want inflation back to 2%? They wouldn't. They are committed to lowering rates and accepting higher inflation so our government can afford its out of control spending for another decade.
prices would never go down, less inflation doesnt mean price decrease it means it increases less fast. people always get this mixed..@@fredreed2001
He created this monster of inflation just like other failed chairmen like Greenspan. They fail to prevent what their whole job entails. He is a chump
@@DG-ie5ipthey all need to go!
Silver up 2.35%. Ha Ha Ha
👏👏
"The show must go oooon. Till the elections, ohhhh. Inside Jerome is breaking. Yellen's soul is flaking. But their smiles, still, stay on."
Digital dollar 😬😬
unch, dow up 400. House ALWAYS wins.
Silver 👏👏
Volcker is rolling in his grave, J pow has given up on the 2 percent target and went the easy route to "fix/steer" the economy without addressing the underlying inflation issue. This WILL come back to bite the fed in the ass. I look forward to the upcoming data in the coming months.
Pepe coin to the moon
Buffet should be running this sh** show
Is this an IA VIDEO