"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless" - Thomas Jefferson
🤩😍 WE NEED TRUMP'S NEGATIVE RATES !!!! TRUMPS NOOO INCOME TAX, NO SS TAX, NO TIP TAX, AND NOOO CAPITAL GAINS TAX~ 🥰🥰. GET RID OF FEDERAL RESERVE AND LET TRUMP SET RATES TO NEGATIVE!
If I was Powell I'd just tell people the truth that government spending is the problem and that Biden was wrong to give money to Ukraine, Israel, illegals, etc. That we need to pay down the debt so the economy can grow for real
It has to. Otherwise the government will have to cut spending. If they stopped printing money to avoid inflation and raise the interest rates, the government will have the same problem borrowing as everyday people. Then they can’t print or borrow as much money to cover their deficit which basically means they have to cut spending in specific categories or across the board. Either ways, people will feel the impact one way or the other. There’s no escaping here. You just have to pick the lesser of two evils.
The American audience had gotten used to soft “ice cream flavor” questions to officials and politicians and are now shocked to hear normal questions from real journalists.
@@highbrass3749 everyone is political it's the people that say they are not or that are not biased are the ones you have to watch out for. Now this guy keeps the politics out but you can see his bias he even says he is. There is nothing wrong with that
Well Powell protects the big banks and Silicon Valley folks' bank - even amount over FDIC insurance limits. We'll see - the small regional bank in Oklahoma's customers may not be getting the same gift.
You're both wrong. Our government has checks and balances that doesn't mean there is one controller. Also voting does matter who you vote does help someone to win.
People complain about the prices but the malls and restaurants are always packed! There will be no real reason for basic prices to go down until people start saving over spending and the rates need to be higher not lower for that to happen. Additionally our currency has to outpace others to keep hegemony…
In the last 2 years I've made over 150,000 each year, finally was able to save money and get ahead of my bills. Work in oil and gas field is so competitive right now that wages have gone up from 24 hr to 30 an hr . Some companies paying per diem just to get workers don't even have to be from out of town! I don't see the "bad economy" some people speak of!
In 2023, the average wage income in the United States was higher than in 2020: Average wage: In 2023, the average wage was $63,932.64, while in 2020 it was $53,383.18.
National average wage index: In 2023, the national average wage index was 66,621.80, while in 2020 it was 55,628.60.
Median household income: In 2023, the median household income was $80,610, while in 2020 it was $79,560.
The federal minimum wage has been $7.25 per hour since July 24, 2009, which is the longest period without an increase since the minimum wage was established in 1938. In 2021, the minimum wage in the United States would be 22.88 U.S. dollars an hour if it grew with productivity and inflation.
Only problem is raising minimum wage and not forcing companies to go somewhere else for labor. That's the hard part and we know they'll do it. It'd be nice if they didn't
@@jeffrybassett7374 The inflation started in tRmp’s campaign, during Covid. The entire world is still feeling the economic downturn from the pandemic, including us. But we definitely have it easier than other countries in that regard-well, had it easy. tRmp is back. And he’s going to pick up where he left off. If you didn’t like inflation, you’re really gonna be sore over the depression.
Can you explain how lowering inflation below 2% hurts the American people? I would think it helps the people but only hurts those who profit off inflation. If thats the case then the system is designed to make the rich richer while syphoning money from the lower and middle class upwards. Am I wrong and if so please let me know the real reason why. Thanks
Having too low an inflation rate disincentivizes investment which causes harm to the economy. The whole system is however designed to shoehorn money upwards, that’s the nature of the incentives given to those with power.
@@i_like_beer-o2f : Trump REappointed him . He was already there . People aren't settling for leftist " partial " truths anymore. Don't be disingenuous.
Gosh, I did not think it was as bad as all this. But it truly is a giant cluster ...ball. Thanks Brian, you do creative vids to keep us in touch, we appreciate your good works.
Their "framework" does not include anything that would reclaim any purchasing power of your dollar. The secret was said out loud. The solution is for you to make more money. This is insane.
Inflation has to stay up. Otherwise the government will have to cut spending. If they stopped printing money to avoid inflation and raise the interest rates, the government will have the same problem borrowing as everyday people. Then they can’t print or borrow as much money to cover their deficit which basically means they have to cut spending in specific categories or across the board. Either ways, people will feel the impact one way or the other. There’s no escaping here. You just have to pick the lesser of two evils.
@@zarifshoeb lol this is the boat we have been in since the fed was allowed to control the economy. I always laugh when people asks me if prices will ever go down. They will never go down! Has anything gone down in price in the long term!? NO! We are going to ride this crazy train until the wheels fall off and they switch to CBDC without consent and people will eat it up because of the even greater economic pain we will be In by that point
It is unlikely that Powell will be removed or step down, but he should be held accountable for his job performance like we all are. There is no reason he should be getting pay raises.
He does. 1. Cutting inflation by reducing government spending. Remember the government is directly responsible for inflation not the citizens. His admin is planning to cut 2 Trillion dollars of spending which will reduce inflation and even reverse it to some degree. 2. By cutting down spending and Gov. restructuring they will use the freed up resources to pay back the deficit halting the climbing debt. 3. 1-2 directly help reducing the issue.
@@kyo77712377 and then he's going to increase inflation by increasing the price of everything with tariffs and increasing the price of labor by deporting all of our cheap immigrant labor.
@@kyo77712377 Government spending isn't part of the inflation calculation formula. You should review it again. Government spending reduction may help with budget deficit but not inflation. Inflation will spike up once Trump's tariff tax is in effect on imported goods. At the same time, he is cutting corporate tax which will reduce government revenue. So both revenue and spending are reduced, which may not help much with the current budget deficit situation.
The unemployment line is coming near him soon regardless if he says the law says he can't be fired. News flash trump controls bot the house and senate to vote you out.
4:56 JP: "I'm not really permitted to have thoughts of my own on this matter. However, I do have some lovely prepared remarks regarding this topic that I will now read to you." 😊
@@Owofbfbajfbsnsn Dr. Paul has been talking about how the fed is unconstitutional for years, and how they are just committing highway robbery at every turn. And he's dead on accurate. I highly doubt anything gets done about it, but one can always dream.
Nah, biden signed more executive orders on day one more than any other president’s combined terms. Which includes shutting down the XL keystone pipeline raising the cost of oil. Results in gas prices rising, which affects deliveries, affects manufacturing. Consequences were still feeling to this day
I don’t understand America policies, so it’s ok for the government to cause inflation and give money away and increase debt and then Fed has to find ways to reduce inflation and debt. Isn’t the government supposed to make policies in tandem with Fed to help the whole economy? Why does it sound like the Fed is supposed to do everything the government is supposed to do? Am I missing something?
It is because the Fed is run by elite trillionaire families who have their own agenda separate from the government. That is the big secret they don't want Americans to know.
JP: I'm not gonna resign because of my upcoming retirement with large pension allocated once I have fulfilled the non-political targeted goals as I am upholding my current position.
Not because of Trump. He holds no political power over an agency that isn't part of the government. These rich people are all friends. It doesn't matter what they say on "TV"
prez is a government employee and as prez he LOST $8 TRILLION in 4 years running this country. should have NEVER been rehired, as he failed in a record way.
If Trump becomes president when Trump goes down America dominion will fall with him because it's written in God's inspired word America will fall in Jesus's revelation which the world is blind to. Revelation 13:1 is America rising up into power with it's 7 founding fathers and first 10 presidents who gave power to the beast the military. Revelation 13:11 America's dominion will fall to another beast a military rising up into power. Joe Biden is the 8th of the LAST 10 kings to come and give power to the beast. He is the lawless one, the man of sin, the son of perdition. Their are 2 more kings to come before Jesus Christ returns back with vengeance. I hope you believe but if you don't just wait because America's dominion is going to fall and a catching away is coming SOON for the faithful believers.
When I moved into my townhouse the rent was 850$ monthly and it's now 1,150, nothing added, wages still suck, yet they are legally raising the rent. I'd own if I could.
@F_Bibiloni It doesn't really matter, it's the Fed itself that needs to go. I can't believe our country has an organization whose sole purpose is to destroy the purchasing power of the dollar.
Yes it gets COLA and prices don't decrease. It's not like commodity trading based on production, crop yield, etc. that fluctuate. Due to more money being created leads to inflation which increases the price of everything along the supply chain which leads to higher prices... It can never go down unless money is taken out of the system.
I am an American, I get it we all feel the inflation but in basic economics he did relatively well. Not amazing but he was fighting inflation and unemployment at the same time. Usually you can only contain one or the other he was able to contain both even though it wasn’t perfectly executed. Plus those with 401Ks, houses, stocks and other assets are up.
Trump Appointed Powell His term is up in 2026 Federal Reserve is independent and is not political. I assume these journalists knew this. Brian awesome video
Your channel is literally one of the best out there. You sir have your head screwed on straight. Nothing but good quality information from you. Thank you 🙏
Honestly, I love J Pow despite the hate he gets, he's an outsider who came in and pissed everybody off by doing the right thing. The only time he screwed up was listening to his advisors during the "inflation is transitory period", and he stopped listening and started jacking up rates while they were still telling him everything was going to be fine. He has done an amazing job threading the needle on a soft lending -- arguably even better than Volcker. To me, personally, he's still the greatest Fed chair of all time.
@ the country is out of money. All the money that is running on the streets doesn’t belong to us, it belongs to the next generations. Our money is gone, the boomers waste it with stupids ideas that never worked out and were not viable. That’s why 95% of the people are living paycheck to paycheck.
I think Powell is trying to do the best that he can and has done a good job over the past years. I feel your video is biased and speculative and not necessarily based in fact. I've watched your videos before and have enjoyed them, but I just have a difference in opinion about this one
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless" - Thomas Jefferson
Alexander Hamilton came out the winner in that debate. Not sure why people take Jefferson as gospel.
He really said that? Shit so they been knowing wassup since way back then
Bitcoin
@@DBCOOPER888 great another contrarian internet dumbass. Keep beating up your keyboard.
@@cjfalco8779 then $#@+ the debater. Think about that.
Brian has been unburdened by what has been.
Lmaoooo
@vernonwillford Cmon man, That Sh!t aint funny...Blahhahahahahaha
NOPE, BURDENED NOW TROLL AND TRAITOR!
@@d.l4055 IT'S NOT TROLL AND TRAITOR!
@@rottenfreddy3759 NOT FUNNY TROLL AND TRAITOR! YOU WON'T BE LAUGHING NEXT YEAR!! I WILL BE SAYING I TOLD YOU SO ON REPEAT!!
Most underrated RUclipsr. You consistently PROVIDE VALUE and deliver content objectively without bias
Found this guy back during the stimulus checks 4 years ago. It's really great to see his sub well over 2 million now, he deserves it.
Me too 😊
Same!
Same😂
Same
Same here! I think I subbed when he was still in the 20ks. Phenomenal growth and content!
"You're gonna see J Powell speak...Everything he says is garbage...meaningless...utterly useless." 🤣 What an intro, Brian! Love it!
Based
Bro, i fucken love this guy.
He's by far the best finance bro on RUclips.
My man in permanent idgaf mode 😂
@@ZukoTheShinigamihands down the best. I love that he doesn’t try to sell anything . Just drop knowledge
🤩😍 WE NEED TRUMP'S NEGATIVE RATES !!!! TRUMPS NOOO INCOME TAX, NO SS TAX, NO TIP TAX, AND NOOO CAPITAL GAINS TAX~ 🥰🥰. GET RID OF FEDERAL RESERVE AND LET TRUMP SET RATES TO NEGATIVE!
I appreciate when reporters ask questions that matter
Senator Biden's ice cream flavors matter
Federal Reserve not part of Federal government only in name.
Kinda the point being made and Powell is playing the defiant overlord role to a T. Next up the US Trump Coin. Use it the same as fed Money but better.
Trump is the only president to say they need to go . They print money out of thin air
Period
Not Federal
Has no reserve.
The federal reserve which is not federal needs to go! America doesn’t need the federal reserve! They have destroyed our economy and country!
“So the dollar losing 12,850% over the last 91 years will continue?” Powel : “Yes”
If I was Powell I'd just tell people the truth that government spending is the problem and that Biden was wrong to give money to Ukraine, Israel, illegals, etc. That we need to pay down the debt so the economy can grow for real
Well.
It has to. Otherwise the government will have to cut spending. If they stopped printing money to avoid inflation and raise the interest rates, the government will have the same problem borrowing as everyday people. Then they can’t print or borrow as much money to cover their deficit which basically means they have to cut spending in specific categories or across the board. Either ways, people will feel the impact one way or the other. There’s no escaping here. You just have to pick the lesser of two evils.
Costs can go up that much, but the dollar can only lose 100%
@@zarifshoeb Yeah, cut spending rather than just taxing the wealth to cover the gap when the working class can no longer afford to foot the bill.
Love that this is like 1440: unbiased reporting and facts and info. This is epic
My man Brian, the most honest press on the internet found here!
💯💯💯💯
Brian cooler than otherside of the pillow
Good to see the press not back down
The press be pressing
@@smellybearc7411💀
Only because Trump is the elect. If Biden won they would ask the same questions that the Democratic party has allowed.
Finally...
as if they are not all cast players in the same show
This guy back in my feed after a 4 year hiatus. 😂🤣 gotta love youtubes algorithm.
Right! Same
Those first 3 reporters are some SAVAGES 😂😅
As they SHOULD be!
All valid questions
lol true
The American audience had gotten used to soft “ice cream flavor” questions to officials and politicians and are now shocked to hear normal questions from real journalists.
Absolutely not. No one pressed on him lying.
These reporters are next level, not like the white House dummies.
Not to mention Phuqin HoTT...well the first one was
Right? They actually ask thoughtful questions. Too bad Powell dances away from all of them
@@Josh_RoweSo can the President elect get rid of this guy Powell?
FORRREALL
@@Corey_Otislol how else do you think they got the job😂
Can’t be fired, wasn’t elected. Dude has ultimate job security 😂
The whole chicken can be tossed wholesale into the trash though. Takes 1 executive order. Same as how it was created
As a very very very politically charged person, i appreciate that you just deliver facts. No politics just the impact
Why doesn’t 45 like JP?
It’s because JP didn’t lower rates go 0% fast enough in 2019 and refused to make rates negative
relax homie
He’s political. You just don’t catch it.
@@highbrass3749 everyone is political it's the people that say they are not or that are not biased are the ones you have to watch out for. Now this guy keeps the politics out but you can see his bias he even says he is. There is nothing wrong with that
I would be ashamed to admit being very very very politically charged. It's disgusting
Powell always protects the banks.
Because the banks own the FED.
Well Powell protects the big banks and Silicon Valley folks' bank - even amount over FDIC insurance limits. We'll see - the small regional bank in Oklahoma's customers may not be getting the same gift.
He protects the jews
👃
He needs to.
Abolish the Federal Reserve. We dont need them
Exactly
Right they restart everything else let’s restart them too
It's a private bank.. USA is screwed
Idiot.
Better be careful, they offed JFK for saying those exact words.
The American people may finally realize who's really in control.
ummm, no the outcome is still the same no matter who they vote fore.
You're both wrong. Our government has checks and balances that doesn't mean there is one controller. Also voting does matter who you vote does help someone to win.
Answer: Yes, the Fed and their masters?
@@ThriftyCHNR ummm sure, ummm, ummmm, ummmm so liberal. LOL...
Exactly
The Congress can get rid of Powell.
They don't do anything
No
And the Republicans have control of both houses 😊😊.
The FED is a private company. There's nothing we can do about it
@ nothing to do with the fed 😂
“Low inflation” is bad “high inflation” is bad! Thanks Jerome you dunce!
It's the truth you moron.
With so much misinformation out there i appreciate you including the actual clips of what was said. Ty!
Powell and Yellen need to pack their bags.
Can't wait
Don't worry, he thinks he's immune to my cabinet's powers, lol. We're gonna see "who's the fairest of them all..."
🎉🎉❤👏👏👏👏! But when?😖😫😩
Yellen don't know where she's at.
Yellen has been on the take for decades. Secret speeches to Wall Street cushioned her personal net worth over seven million dollars.
People complain about the prices but the malls and restaurants are always packed! There will be no real reason for basic prices to go down until people start saving over spending and the rates need to be higher not lower for that to happen. Additionally our currency has to outpace others to keep hegemony…
If people didnt spend money locally it will get worse. Energy prices are the driver.
People need to spend money for the economy to not stagnate. It is not the solution
Those people are spending money they don’t have via credit cards.
………. Malls are constantly going bankrupt
In the last 2 years I've made over 150,000 each year, finally was able to save money and get ahead of my bills. Work in oil and gas field is so competitive right now that wages have gone up from 24 hr to 30 an hr . Some companies paying per diem just to get workers don't even have to be from out of town! I don't see the "bad economy" some people speak of!
The best videos on RUclips no fluff no polytricks. This guy is that dude. 🔥
👍
no sponsor either
And has been for years.
Wages are going up? I guess they forgot to tell my boss
😂😂
😂😂😂
In 2023, the average wage income in the United States was higher than in 2020:
Average wage: In 2023, the average wage was $63,932.64, while in 2020 it was $53,383.18.
National average wage index: In 2023, the national average wage index was 66,621.80, while in 2020 it was 55,628.60.
Median household income: In 2023, the median household income was $80,610, while in 2020 it was $79,560.
@@DannyE78happy fact fridays!
You have no skills is why. 😂
That’s why over 5 thousand people filed for unemployment this last week in the IE Cal
You cannot tax yourself into prosperity.
A lesson that was a long time coming: Consequences.
😊
“Unforseen”
He said he’s working on GIVING CONGRESS TERM LIMITS. I wonder how possible that is, I’m sure they’ve padded themselves quite well
of electing Trump? yes, you'll feel'em.
@@souslesbombesheck yeah you will. The adults are back in charge now.
End the Fed. Thomas Massie Congressman from Kentucky
Like Ron Paul before him.
Ron Paul himself is coming it looks like
The federal minimum wage has been $7.25 per hour since July 24, 2009, which is the longest period without an increase since the minimum wage was established in 1938. In 2021, the minimum wage in the United States would be 22.88 U.S. dollars an hour if it grew with productivity and inflation.
Only problem is raising minimum wage and not forcing companies to go somewhere else for labor. That's the hard part and we know they'll do it. It'd be nice if they didn't
the important thing to note is look who voted against an increase in min wages..republicans ty..
These reporters are savage. I've never seen someone of that calibre getting flamed like that
The whole Federal Reserve needs to be dismantled
We're in too deep for that without a complete economic collapse.
Absolutely without a doubt.
Thats why we voter for trump
Or just ignored
@@fartinthewind933 they can't be ignored
Think everyone underestimated how mad the people are with inflation.
That I agree with.
“Mr. Powell - are you done lying to Americans?”
“No.”
lol
Y'all ready for some more stimulus checks lol
At least we know they will be the amount promised unlike the 2000 dollar one Biden gave us!😂@@Zero-s7k
It would be nice if Trump stopped lying and picking bad chairs to the Federal Reserve.
😂
Time to fire Powell and hire Brian!! 😎
Brian's Korean though not Jewish
Trump cant. The federal Reserve was created by congress and has to be abolished by congress. But I hope he does do it.
Yes!❤
I'm okay with this..😂😂
YES!
This guy got me through the pandemic
Trump voice: He came to me with tears in his eyes. I said, Jerome, why are you crying, Jerome?
😂😂 I read this in a Trump voice
LMAO! 🤣
HAHAHAHAHAHAHHAHAHAHAHHA that's a good one
I pictured Shane Gillis reading this
“He cried the most tears the world has ever seen. No one’s seen anything like it.”
The FED needs be abolished once and for all!!!
Immediately!!
❤❤👏👏👏👏👏👏
Yes, just let the BSC old man do whatever he wants, maybe he’ll let Putin help him run the country.
y?
@@Richard-kg7rn😂 don't forget the tissues for your tears
North Carolina min wage been $7.25 for over 15 yrs
I like that the press is subtlety calling out the BS of the independence of the Federal Reserve with these questions
Abolish the Federal Reserve.
🤦♂️ this type of mentality will fell the nation
@@FranzKafka-u8w No, endless inflation has already felled the nation. We just haven't hit the ground yet.
@@jeffrybassett7374
The inflation started in tRmp’s campaign, during Covid. The entire world is still feeling the economic downturn from the pandemic, including us. But we definitely have it easier than other countries in that regard-well, had it easy. tRmp is back. And he’s going to pick up where he left off. If you didn’t like inflation, you’re really gonna be sore over the depression.
@@FranzKafka-u8wtell us you got TDS without telling us another retard
@@FranzKafka-u8w no it didn't it started with the recession of 2021 as the markets crashed 25% that year. look it up
Can you explain how lowering inflation below 2% hurts the American people? I would think it helps the people but only hurts those who profit off inflation. If thats the case then the system is designed to make the rich richer while syphoning money from the lower and middle class upwards. Am I wrong and if so please let me know the real reason why. Thanks
Having too low an inflation rate disincentivizes investment which causes harm to the economy. The whole system is however designed to shoehorn money upwards, that’s the nature of the incentives given to those with power.
If Trump wants him gone, he'll be gone .
Nope
Trump appointed him in the first place. Why is Trump so bad at picking people?
@@i_like_beer-o2f Bc he only picks the best 😂
@@i_like_beer-o2f Because the people are bad at picking people
@@i_like_beer-o2f : Trump REappointed him . He was already there .
People aren't settling for leftist " partial " truths anymore.
Don't be disingenuous.
Gosh, I did not think it was as bad as all this. But it truly is a giant cluster ...ball. Thanks Brian, you do creative vids to keep us in touch, we appreciate your good works.
Their "framework" does not include anything that would reclaim any purchasing power of your dollar. The secret was said out loud. The solution is for you to make more money. This is insane.
Inflation has to stay up. Otherwise the government will have to cut spending. If they stopped printing money to avoid inflation and raise the interest rates, the government will have the same problem borrowing as everyday people. Then they can’t print or borrow as much money to cover their deficit which basically means they have to cut spending in specific categories or across the board. Either ways, people will feel the impact one way or the other. There’s no escaping here. You just have to pick the lesser of two evils.
@@zarifshoeb lol this is the boat we have been in since the fed was allowed to control the economy. I always laugh when people asks me if prices will ever go down. They will never go down! Has anything gone down in price in the long term!? NO! We are going to ride this crazy train until the wheels fall off and they switch to CBDC without consent and people will eat it up because of the even greater economic pain we will be In by that point
Thats why ron paul should be there in charge instead of powell.
It is unlikely that Powell will be removed or step down, but he should be held accountable for his job performance like we all are. There is no reason he should be getting pay raises.
None!
He can be removed for cause. This clown allowed 40% inflation over 4 years. That's the cause.
@@prolific1518the current inflation rate is 2.44%…
The cause is trump and then Biden printing money, he told them to cut spending. They should listen.
Well done, concise, to the point!! Keep giving evaluations that are direct. Enjoy your presentations.
Wages are going up? Last time I checked my paycheck it was the same!
Are you union
Nominal wages are definitely increasing.
Powell reminds me of Bill Belichick answering the press back in New England.
Good point, spot on he is..loll
@C_AVATAR just needs the cutoff hoodie 🙂
😂😂
Massive error he made letting Brady go!
@@m42037 massive error Kraft made letting Bill go. Bill and Tom Brady are both living their best life now. Brady is the 🐐
Does Trump have any solutions for all/any of the problems that we currently have?
1. High Inflation
2. Big Budget Deficit
3. Giant National Debt
No
He does.
1. Cutting inflation by reducing government spending. Remember the government is directly responsible for inflation not the citizens. His admin is planning to cut 2 Trillion dollars of spending which will reduce inflation and even reverse it to some degree.
2. By cutting down spending and Gov. restructuring they will use the freed up resources to pay back the deficit halting the climbing debt.
3. 1-2 directly help reducing the issue.
@@kyo77712377 and then he's going to increase inflation by increasing the price of everything with tariffs and increasing the price of labor by deporting all of our cheap immigrant labor.
@@kyo77712377 Government spending isn't part of the inflation calculation formula. You should review it again. Government spending reduction may help with budget deficit but not inflation. Inflation will spike up once Trump's tariff tax is in effect on imported goods.
At the same time, he is cutting corporate tax which will reduce government revenue. So both revenue and spending are reduced, which may not help much with the current budget deficit situation.
Inflation means grocery prices. They aren't going down at Aldi!!!! They're going up. That's the average american's inflation.
Eggs went up $1 maybe more for other brands
So? Just stop eating. Drink water.
They dont count the stuff that actually chagned for the inflatiin value.. haha
@@omar10213245 yes. Then I won’t have to worry much in about 3 weeks! Genius…
That’s price gogg if big by corporations though, they’re taking advantage of the “bad” economy
J Powell looks very nervous !
The unemployment line is coming near him soon regardless if he says the law says he can't be fired. News flash trump controls bot the house and senate to vote you out.
@@dianerobinson8837 He should be.
@@betsyburns18252 attempts on Trump yet they let the banksters run wild.
@@googleuser868, the banksters very well may be behind trying to get rid of Trump.
Because last time trump racked up 8 trillion dollars
Low inflation makes it impossible for the US to maintain our national debt. Don't count on it going down.
4:56 JP: "I'm not really permitted to have thoughts of my own on this matter. However, I do have some lovely prepared remarks regarding this topic that I will now read to you."
😊
So true. I can't speculate but that all we do in this job, always in the Fed's favor.
I was like oh…he’s reading the answer. 😂
Cant give answer at this time and probably never.
Get rid of Federal Reserve
Frderal Reserve, AFUERA!
Viva la libertad, carajo!
Would love to see Ron Paul put in charge of auditing the Federal Reserve and abolishing it.
Can I ask why so that I can become informed? Thanks in advance
@@Owofbfbajfbsnsn Dr. Paul has been talking about how the fed is unconstitutional for years, and how they are just committing highway robbery at every turn. And he's dead on accurate. I highly doubt anything gets done about it, but one can always dream.
You idiots had your chance when he was running and blew it.
OMG yessssss man Ron Paul is where it's at :')
Exactly we need Dr Paul in the mix
Brian, I wish you were a professor in business school to teach reality to students. Happy Friday by the way! :)
You’re my favorite economic commentator
More like favorite bullshitter.
5 mins in and it sounds to me Powell has already resigned😂 sounds good to me!
No fucks left
He knows trump will absolutely destroy any progress made.
@@JimNasium7 bot
Trump has said that the US dollar will be backed by US made oil reserves. That will raise the value of the dollar significantly if true.
Yes, lets tie the value of the dollar to the incredibly unstable price of oil
lol
That literally wouldn’t make any sense
Because he word means anything
"Inflation went up everywhere....". Yeah, because YOU created it!
Huh?
No.
Nah, biden signed more executive orders on day one more than any other president’s combined terms. Which includes shutting down the XL keystone pipeline raising the cost of oil. Results in gas prices rising, which affects deliveries, affects manufacturing. Consequences were still feeling to this day
Guys: Inflation and deflation is created by the money supply and interest rates. The federal government has nothing to do with that, directly.
@@ShowMeWhatINeedToKnow I mean other than the Treasury sending kick backs to Powell and his buddies
I don’t understand America policies, so it’s ok for the government to cause inflation and give money away and increase debt and then Fed has to find ways to reduce inflation and debt. Isn’t the government supposed to make policies in tandem with Fed to help the whole economy? Why does it sound like the Fed is supposed to do everything the government is supposed to do? Am I missing something?
It is because the Fed is run by elite trillionaire families who have their own agenda separate from the government. That is the big secret they don't want Americans to know.
I have the same question. Seems to me that Powell has to pick up the shattered remnants of the train wreck.
No you’re not missing anything it’s a slow controlled intentional self demolition
You're not missing anything, but many of the other comments on this video are. They seem to think that Powell caused everything.
@@whiteglovepc
It’s ran by *Judaism people*
I like your channel. I would recommend just letting the video run and then commenting in between the clips. That way you can easily give context.
JP: I'm not gonna resign because of my upcoming retirement with large pension allocated once I have fulfilled the non-political targeted goals as I am upholding my current position.
Unemployment is high. He is lying.
Yeah, I don't believe those numbers either
@@RueSaincric your probably also think Bindenomics were effective
@@RueSaincric whatever you want to call 2016-2020. Yes!
@@RueSaincric good lil sheep. Did the Dems and mainstream media tell you that?
@@Insert.Name.Here. they changed the critieria for unemployed. They always cooking the books.
Hey Brian, if no one has told you today, you are an angel among man. Please don’t ever change! Great content!!
He's s liar
This channel is gold! Thank you for showing footage. Good job, man.
How DARE the President hold our government employees accountable. Yea he’ll be gone very soon.
Not because of Trump. He holds no political power over an agency that isn't part of the government.
These rich people are all friends. It doesn't matter what they say on "TV"
prez is a government employee and as prez he LOST $8 TRILLION in 4 years running this country.
should have NEVER been rehired, as he failed in a record way.
The Fed isn't part of the Federal government. Crazy but true.
It’s not being accountable, he’s getting bullied. 🤡
If Trump becomes president when Trump goes down America dominion will fall with him because it's written in God's inspired word America will fall in Jesus's revelation which the world is blind to.
Revelation 13:1 is America rising up into power with it's 7 founding fathers and first 10 presidents who gave power to the beast the military.
Revelation 13:11 America's dominion will fall to another beast a military rising up into power.
Joe Biden is the 8th of the LAST 10 kings to come and give power to the beast.
He is the lawless one, the man of sin, the son of perdition.
Their are 2 more kings to come before Jesus Christ returns back with vengeance.
I hope you believe but if you don't just wait because America's dominion is going to fall and a catching away is coming SOON for the faithful believers.
I found him also during the stimulus time and found him informative and understandable 😊
Watched 5 of your videos so far, i appreciate your honesty. Never change friend.
Honestly it’s good that Powell responds like this, changing interest rates or implication it might change is huge news.
When I moved into my townhouse the rent was 850$ monthly and it's now 1,150, nothing added, wages still suck, yet they are legally raising the rent. I'd own if I could.
Thanks for caring for our country, and helping us all.
Dear J. Powell, "YOU'RE FIRED!"
He can’t fire him, Powell will stay
@F_Bibiloni It doesn't really matter, it's the Fed itself that needs to go. I can't believe our country has an organization whose sole purpose is to destroy the purchasing power of the dollar.
We’re screwed
Brian, thank you very much for all the time and effort you put into these posts. You make it easy to understand all of this.
End the fed! Every American should read Paul's book.
He was a book out?
name of the book?
What has to happen to get rid of this Clown 😮 Thanks
Is that Paul's book in the Bible? 😂😂
@@winstonsmith6999 bet he doesn't even read.
Those instigators are just hating and Powell SHUT THEM DOWN. Kudos for rejecting the BAIT!
Ron Paul is going to do so much when he becomes the new Fed chair.
That would be wild.
I'm gonna hold that visualization!
Why do Christians make some retarded statements? Oh wait, because they are fakes
😊please go read the Creature from Jeckal Island/ Edward Griffin it shows Federal Reserve is private Bank. Powel works for them.
I read this 20+ years ago. Excellent book.
Ladies brought the heat, smiling while they did it.
Yellen & Powell in May & June ‘21 - “inflation is transitory.” Both should have resigned in disgrace. Powell will not last until June ‘25.
Man... you're one of my favorite channels I've recently signed up for
If Powell knew what he was doing interest rates would be 17% rn
You have low iq
Trump's going to drop the rates so he and his friends can get cheaper loans. Rates are going down and inflation is coming back.
Not true at all. Where do you arrive at that conclusion?
@@dr.michaellittle5611they didn’t want to crash Equities they could have solved this in 2022
If prices aren’t going down then how do people on fixed incomes keep up? Will Social Security payments increase?
Not enough since groceries and gas aren’t included in the equation to decide the yearly increases.
Acquire assets, learn new skills or services to offer
Yes it gets COLA and prices don't decrease. It's not like commodity trading based on production, crop yield, etc. that fluctuate. Due to more money being created leads to inflation which increases the price of everything along the supply chain which leads to higher prices...
It can never go down unless money is taken out of the system.
@@wongkey2 there are COLAs every year. It has nothing to do with the president
Social security will be eventually CUT under Trump. That, you can count on.
I am an American, I get it we all feel the inflation but in basic economics he did relatively well. Not amazing but he was fighting inflation and unemployment at the same time. Usually you can only contain one or the other he was able to contain both even though it wasn’t perfectly executed. Plus those with 401Ks, houses, stocks and other assets are up.
Trump Appointed Powell
His term is up in 2026
Federal Reserve is independent and is not political.
I assume these journalists knew this.
Brian awesome video
It absolutely is political. To deny this is to deny reality
Justice for Peanut !!!
And Fred😭
Hahah... you might be so hungry soon because the dollar is almost dead that you will be hunting Peanut so you have something to eat. 😂
@@bpb5541 Daddy's home.
@@bpb5541Nooooooo!!!😮😮😮
Your channel is literally one of the best out there. You sir have your head screwed on straight. Nothing but good quality information from you. Thank you 🙏
Honestly, I love J Pow despite the hate he gets, he's an outsider who came in and pissed everybody off by doing the right thing. The only time he screwed up was listening to his advisors during the "inflation is transitory period", and he stopped listening and started jacking up rates while they were still telling him everything was going to be fine. He has done an amazing job threading the needle on a soft lending -- arguably even better than Volcker. To me, personally, he's still the greatest Fed chair of all time.
I love your true honesty and how you cut through all the fluff.
2008 is coming back. Nobody can’t keep up this pace for long.
How so ??
@ the country is out of money. All the money that is running on the streets doesn’t belong to us, it belongs to the next generations. Our money is gone, the boomers waste it with stupids ideas that never worked out and were not viable. That’s why 95% of the people are living paycheck to paycheck.
Unless they keep printing money to keep propping up the economy
Surprised it has gone on this long.
All the smartest financial creators on RUclips are based. Thank God.
Powell sounds like a high school teacher who is fed up. 😂😂
Not. Permitted. Under the law.
Gotta get rid of the guy creating inflation. Love it.
But Trump WANTS rate cuts. So why would Trump want to get rid of Powell?
The federal government created the inflation by giving us the stimulus in 2020, the federal reserve is trying to fix that.
I think Powell is trying to do the best that he can and has done a good job over the past years. I feel your video is biased and speculative and not necessarily based in fact.
I've watched your videos before and have enjoyed them, but I just have a difference in opinion about this one
Abolish the FED!!!
(J)s
This is why morons shouldn’t be allowed to vote.
Yes just use the 2 year yield to set the FED fund rate. Reset it on the 1st of every month. Done.
Wats the replacement?
“The data” is never correct. It almost always gets revised. How are they getting it this wrong?
Omg .. corporate greed completely left the hell out of this discussion… sooo .. we aren’t going to talk about that at all .. this is BS