Chicago Fed President Austan Goolsbee: If conditions start to deteriorate, the Fed will 'fix it'

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  • Опубликовано: 22 окт 2024

Комментарии • 167

  • @hobarttobor686
    @hobarttobor686 2 месяца назад +28

    the Fed will 'broke it' - don't worry - the Fed will 'fix it'

    • @joesmith3590
      @joesmith3590 2 месяца назад +2

      I mean they can fix it the problem is it takes a 6-18 month lag to kick in. That is why the fed needs to be decent at predicting. Instead they are terrible and are going to screw is on both sides with rates.

    • @silverdrillpickle7596
      @silverdrillpickle7596 2 месяца назад

      I’m from The Government and I’m here to help…

  • @Mr1wd
    @Mr1wd 2 месяца назад +13

    why should anyone be surprised by the incompetence of these fed clowns.

  • @sbar39
    @sbar39 2 месяца назад +17

    The feds job is not the control consumer delinquencies. People should know not to spend when they don't have money.

    • @Horace1993
      @Horace1993 2 месяца назад +4

      Exactly. This narrative of protecting investors and whining about fed and politics is driven by greedy investors that feel entitled to gains and not losses or risk

    • @davidthompson6636
      @davidthompson6636 2 месяца назад

      Government should not spend fiat dollars they do not have

    • @OneTimWhatley
      @OneTimWhatley 2 месяца назад +1

      It's also not the fed's job to be concerned about the stock market.

    • @Bradgilliswhammyman
      @Bradgilliswhammyman 2 месяца назад

      @@Horace1993 exactly.

  • @lurglucy413
    @lurglucy413 2 месяца назад +6

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    • @freyasourt4173
      @freyasourt4173 2 месяца назад

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    • @freyasourt4173
      @freyasourt4173 2 месяца назад

      need his tg page right?

    • @freyasourt4173
      @freyasourt4173 2 месяца назад

      *@michaeltpin*

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      @clarajohnson7091 2 месяца назад

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      @cleoarevalo7696 2 месяца назад

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  • @snaheelyadav5863
    @snaheelyadav5863 2 месяца назад +24

    "If condition start deteriorating"? It's already deteriorating, some people would say it's already deteriorated

    • @Horace1993
      @Horace1993 2 месяца назад +3

      Pullbacks are normal. So are recessions.
      They mean if things deteriorate such that the mandate of stable economy is threatened.
      The purpose is not to protect investors.

    • @weho_brian
      @weho_brian 2 месяца назад +2

      maybe the stock market is broken, not the fed

    • @snaheelyadav5863
      @snaheelyadav5863 2 месяца назад

      Forget about the market for a second. According to the jobless claims report 250k new people are filing for jobless claims, people's savings have been evaporating, the rent has sky rocketed, do you see these as signs of healthy economy? The fed first thought that inflation is transitory so they did not increase rates , when inflation spiked they rapidly increased the rates. Now they are keeping rates higher for longer not realising what impact it could have on the global economy.

    • @tringuyen7519
      @tringuyen7519 2 месяца назад

      @@weho_brianStock Market isn’t broken. It’s a bit bipolar due to investors’ emotions, but long term players like Buffet will always make the $!

  • @sumdude4281
    @sumdude4281 2 месяца назад +6

    1 year ago VOO $414, today after the "crash" it's at $475. Chill out people.

  • @jeffholt3841
    @jeffholt3841 2 месяца назад +26

    Don't cut! Let it crash, we need it. Everything is in a bubble and needs to reset

    • @weho_brian
      @weho_brian 2 месяца назад +1

      nope, too many rich people in washington wont allow that to happen

    • @tburnside03
      @tburnside03 2 месяца назад

      While I understand the theory it would wipe out the middle class or what’s left of it ,unfortunately pensions funds and 401k retirement will get destroyed and create opportunities for ultra wealthy

    • @davidthompson6636
      @davidthompson6636 2 месяца назад +1

      Uncharted territory. Since Reagan took US off a commodity standard (gold) and created the fiat dollar AND subsequent Administrations and Legislatures ignored the responsibility of not balancing expenses to revenues (they just printed more fiat dollars) there is no safety valve - only fire sales or the seizure of assets (citizens or foreign ) to turn to

    • @tburnside03
      @tburnside03 2 месяца назад +1

      @@davidthompson6636 it wasn’t Reagan !! it was Nixon in 71 get you history correct and if you think the liberals are going to make it better go to one of their corrupt cities and ask any local business

    • @CrackerBarrelKid551
      @CrackerBarrelKid551 2 месяца назад

      ​@tburnside03 how? I'm not American, so I don't know how your system works, but surely elderly people don't put large portions of their pension into equities/stock market, as it's very high risk. I would think pensioners would be most protected from a crash, as their money should surely be in value stock, bonds, and other safer assets

  • @KungPowEnterFist
    @KungPowEnterFist 2 месяца назад +12

    Do not emergency cut the funds rate.

  • @Redwood4040
    @Redwood4040 2 месяца назад +89

    How do i make money from the market crash? i want to redistribute around $200K stocks in my portfolio. what strategy should I use to maximize gains rn.

    • @WestonScally7614
      @WestonScally7614 2 месяца назад +3

      stock market crying with little down tick while we have been dealing with double digit real inflation for a year. consult with an advisor so you don't get burnt in the market.

    • @Christine-wp2bw
      @Christine-wp2bw 2 месяца назад

      True, my portfolio experienced a massive crash in 2022, and I almost sold everything to put it into cash savings. However, I was advised to consult an advisor. Following this CFA's guidance, my portfolio began increasing by 10% monthly. She had already anticipated the crash and rebalanced my portfolio accordingly.

    • @sting_grayl
      @sting_grayl 2 месяца назад

      True, my portfolio experienced a massive crash in 2022, and I almost sold everything to put it into cash savings. However, I was advised to consult an advisor. Following this CFA's guidance, my portfolio began increasing by 10% monthly. She had already anticipated the crash and rebalanced my portfolio accordingly.

    • @FelineAirstrip
      @FelineAirstrip 2 месяца назад +2

      Accurate asset allocation is crucial, I used hedging strategies to allocate part of my portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.

    • @SaintYvess
      @SaintYvess 2 месяца назад +1

      pls how can I reach this expert, there's bloodbath on my porfolio and I need someone to help me with it

  • @clifftanch
    @clifftanch 2 месяца назад +2

    Forward looking with respect to financial stability - has that included the last hour?

  • @letsdanceonhere
    @letsdanceonhere 2 месяца назад

    thanks mr. goolsbee

  • @nothimbutbetteractually
    @nothimbutbetteractually 2 месяца назад

    When the stock market was absolutely running Goolsbee never changed his tone. He's saying the same now.

  • @fabioemanuelfarago2683
    @fabioemanuelfarago2683 2 месяца назад +9

    In which world the economy is not deteriorating???

    • @tringuyen7519
      @tringuyen7519 2 месяца назад +1

      US economy is slowing but not deteriorating. The Fed has time to do some adjustments to create jobs & incentivize business growth.

  • @LuisPerez-pn4cv
    @LuisPerez-pn4cv 2 месяца назад

    Plus or minus a hundred thousand or$100,000?
    Is it the tip or the tip in yet because it sounds expensive.

  • @goldenwarrior6996
    @goldenwarrior6996 2 месяца назад +4

    NO RATE CUTS NEEDED

  • @keysglim
    @keysglim 2 месяца назад +4

    it is 2024, people still talking about covid...

  • @jlvandat69
    @jlvandat69 2 месяца назад +2

    Allow me to 'translate'....."The FED has been a bit too restrictive for too long, so we'll toss out some pain relief before September".

  • @jeffholt3841
    @jeffholt3841 2 месяца назад +2

    Recessions are part of a healthy economy. Printing trillions to avoid one is not!

  • @sbar39
    @sbar39 2 месяца назад +6

    If they cut it will definitely look political

    • @karmasutra4774
      @karmasutra4774 2 месяца назад

      And makes it look like they made a mistake

  • @Mrjits
    @Mrjits 2 месяца назад +1

    “Maximize employment” - yeah right 😂😂😂

  • @Twistedfirestarter-qe7mv
    @Twistedfirestarter-qe7mv 2 месяца назад +2

    The FED needs to stay out of it or this problem will persist and become worse in the future.

  • @goldstandardaviation1667
    @goldstandardaviation1667 2 месяца назад +4

    The fall has begun. I'm poised to swoop in like a hungry vulture.

  • @Maxf772
    @Maxf772 2 месяца назад

    It took the fed 2 years to fix inflation. How long will it take to fix the economy if recession happens ? How long can our bills wait ?

  • @AlsadsajsAlsadsajs-vl7th
    @AlsadsajsAlsadsajs-vl7th 2 месяца назад +1

    Sense when has the fed ever been forward looking. They’re always 6-9 months late

  • @GarrettKoval
    @GarrettKoval 2 месяца назад

    They need to stop fixing it. They need to get their hands the hell out of it. Since the Nixon shock, money is a joke.

  • @kwosiennjo3544
    @kwosiennjo3544 2 месяца назад

    hmm this is the first time he mentioned maintained financial stability. it's a LARGE table

  • @CyndiP1111
    @CyndiP1111 2 месяца назад

    These GHOULS Be tripping if THEY think they’re going fix the mess THEY got us into.
    Somebody needs to call ghostbusters really quick.

  • @thegodhead
    @thegodhead 2 месяца назад

    “The Fed is forward looking.” Since when?

  • @Griffin-x8x
    @Griffin-x8x 2 месяца назад +1

    Maybe you should try and bind yourself and follow the Market instead of your own error making policy.

  • @CesarParedes-u8l
    @CesarParedes-u8l 2 месяца назад

    Yes..... Austan Goolsbee.... NO cuts or emergency cuts............. Common Sense from President Goolsbee...

  • @venkatachengalvala4289
    @venkatachengalvala4289 2 месяца назад

    The Fed's job is not to react to stock markets. It's to stabilize prices and improve employment.

  • @Mr1wd
    @Mr1wd 2 месяца назад +9

    So far feds have failed on every one of their objectives:
    - Maximum employment
    - Stabalized prices
    - Maintain financial stability

    • @aheroictaxidriver3180
      @aheroictaxidriver3180 2 месяца назад +1

      So I guess you know what would happen without them.

    • @Bradgilliswhammyman
      @Bradgilliswhammyman 2 месяца назад

      They have done excellent on all 3, no one can argue against it objectively....the stock market is not the economy.... Fed does not exist to protect market participants and speculators in equities.

    • @lakeguy65616
      @lakeguy65616 2 месяца назад

      @@Mr1wd you can have full employment or low inflation but not both

  • @Agent77X
    @Agent77X 2 месяца назад

    Past November & April was lower than August job numbers!😊

  • @bla-ig4bd
    @bla-ig4bd 2 месяца назад

    If they lived in the real economy, they will know they are too tight.

  • @clifftanch
    @clifftanch 2 месяца назад +1

    The Market has long past COVID and u r still talking about it.

  • @OneTimWhatley
    @OneTimWhatley 2 месяца назад

    If conditions start to deteriorate, the Fed will 'fix it'
    Oh, the hubris.

  • @MaxGarmin
    @MaxGarmin 2 месяца назад +1

    Yup, we need to have thousands of companies are shutting down, millions of people losing their jobs, then the report coming out in Sept or Oct, only then will we need to any cuts. Don't worry, the FED have got this.🤣

    • @Horace1993
      @Horace1993 2 месяца назад

      Fed shouldn't have held rates so low to create such an unsustainable boom in the first place. Correction was inevitable from that moment.

  • @america1stpatriot127
    @america1stpatriot127 2 месяца назад

    Thank Kam Harris & Joe Hidin for this.
    Trump 2024🇺🇸

  • @JulieHan0524
    @JulieHan0524 2 месяца назад +1

    Super rich household makes the consumers still look strong, but overall consumers are overstretching. Government spending creates the good GDP numbers which has nothing to do with the real economy growth due to the high interest rates which has been killing the economy slowing and brewing now. Human disasters by those no nothing people.

  • @streetsmarts404
    @streetsmarts404 2 месяца назад +10

    Goolsbee is a total clown.

  • @throwuout87
    @throwuout87 2 месяца назад

    Like they fixed 2020 and now we are looking at ridiculous inflation ? Oh okay

  • @Fous1978
    @Fous1978 2 месяца назад

    ISM services came better than expected, US economy is doing fine! Buy the dip

  • @horsejocky5819
    @horsejocky5819 2 месяца назад

    Feds needs to get off their dead butts and finally drop interest rates

    • @Michael-te6tb
      @Michael-te6tb 2 месяца назад

      No, they don't. They need to let it crash.

  • @aheroictaxidriver3180
    @aheroictaxidriver3180 2 месяца назад

    The Fed, under Jay Powell, raised rates TOO LATE, and TOO FAR. They do that sometimes. They should learn not to.

  • @vinay7397
    @vinay7397 2 месяца назад

    Powell needs to act, swallow pride and make a cut.

    • @jeffholt3841
      @jeffholt3841 2 месяца назад +6

      Let it crash. We need the markets to self regulate. Everything is overpriced

    • @goldenwarrior6996
      @goldenwarrior6996 2 месяца назад +4

      We do NOT need a RATE CUT !!!!!

    • @karmasutra4774
      @karmasutra4774 2 месяца назад

      We need a raise

  • @stevemelton4388
    @stevemelton4388 2 месяца назад

    If the FED waited too long, they may not be able to fix things. They can help, but not fix.

  • @yr6178
    @yr6178 2 месяца назад +1

    The bull is in panic state and blaming the Fed.

  • @wilsoncheung8793
    @wilsoncheung8793 2 месяца назад

    "The Fed is forward looking". Huh??? The Fed was behind the curve with increasing rates and now they are behind with lowering rates. The Fed is always looking in the rear view mirror.

  • @xlightfootx
    @xlightfootx 2 месяца назад +10

    The fall has come.

  • @Moldyman3740
    @Moldyman3740 2 месяца назад

    Doesn’t matter. The artificial economy had to come crashing down at some point. The housing prices will crash after this…they come in pairs. They can cut the rates all they want…people are maxed on CC more than they ever have been in history, inflation is still high, housing is still unaffordable. Sorry, it’s inevitable. Bankruptcies, foreclosures, etc. bubbles pop all the time especially when the spends with no consideration for their future.

  • @元秦武都
    @元秦武都 2 месяца назад +2

    Cut or not is irrelevant. Cutting the rate is a confirmation of recession as no cut is sustainable in economy. Nothing to do with Japanese 015% raise that you can't blame. Don't blame someone that you can't as if you looks foolish to youself.

  • @СейборЛамаре
    @СейборЛамаре 2 месяца назад

    I have Lost alot of my fund but I am still holding

  • @cutehumor
    @cutehumor 2 месяца назад +3

    No cuts until after the presidential election

    • @Horace1993
      @Horace1993 2 месяца назад +1

      Cuts will be for inflation and employment, not anything else.
      Market industry talking about cuts like they're owed them.

  • @harrybanana724
    @harrybanana724 2 месяца назад

    Skull and bones goolsbee

  • @royprovins7037
    @royprovins7037 2 месяца назад

    This guy sure does talk a lot

  • @geoffreyogaro5727
    @geoffreyogaro5727 2 месяца назад

    Speculators spooking the Fed🤔

  • @dilsadmeraler
    @dilsadmeraler 2 месяца назад

    Are these people in comments criticising Kamala Harris or Biden seeing this is happening all over the world right now ??

    • @TheHighlife874
      @TheHighlife874 2 месяца назад

      It's happening globally as a reaction to what's happening here.

    • @aheroictaxidriver3180
      @aheroictaxidriver3180 2 месяца назад

      The people blaming Harris and Biden are delusional. They are the sick puppies that the rest of have to carry.

  • @davidthompson6636
    @davidthompson6636 2 месяца назад

    “Oh! The Humanity!”
    First order of business: Blame Trump.

  • @grandmiserthe3rd434
    @grandmiserthe3rd434 2 месяца назад

    Say It Ain't So , Joe ......!!!

  • @JC-ec7ey
    @JC-ec7ey 2 месяца назад

    It'll be interesting to see how other Democrats try to spin this to absolve themselves of any policymaking responsibility for the mess we're in. In January 2021 inflation was a literal non-issue; now it's become an issue to the point that it was only a matter of time before the markets said "Houston, we have a problem."

  • @justinlau1187
    @justinlau1187 2 месяца назад

    Did he just say that the Fed is forward-looking? 😂 If they are forward looking, then they need to remove Jerome Powell and reshuffle the FOMC designates; too many large mistakes by being reactive to data. No credibility at this point.

  • @hongkong128
    @hongkong128 2 месяца назад

    Fed is forward-looking???

  • @glee3407
    @glee3407 2 месяца назад

    The down trend and volatile market is in presidential election year. The government needs to stabilize the market.
    Other countries implanted monetary policies and alternative strategies for stabilizing financial market. The market kept growing during their own presidential election.

  • @ep9321
    @ep9321 2 месяца назад

    Much respect to UofC professors but thinking Fed will fix it is bit laughable. They’re always either too early or too late. They may adjust the suffering, lol.

  • @williamjackson8288
    @williamjackson8288 2 месяца назад

    buy bitcoin folks. wealth in bitcoin, not fiat.

  • @demonridera
    @demonridera 2 месяца назад

    Operation Jawbone on

  • @ajinstockholm4902
    @ajinstockholm4902 2 месяца назад

    keep the bubble going till after elections 🤣🤣

  • @Yieldmax4Life
    @Yieldmax4Life 2 месяца назад

    Is this Bidenomics still ? Cant wait to see the Harrisnomics plan 😮.

  • @etiennescarbinski7890
    @etiennescarbinski7890 2 месяца назад

    Bidenomics finally kicking in

  • @WORLDCITIZEN2004
    @WORLDCITIZEN2004 2 месяца назад +2

    The government won’t allow the market to crash. I feel the government should leave the economy alone and let it fix itself. The government should help the economy in other ways, not by pumping in more money.”

    • @Sshohlov
      @Sshohlov 2 месяца назад

      Too late for that

  • @alexalvarez2171
    @alexalvarez2171 2 месяца назад

    The fed put

  • @ralphmartin3538
    @ralphmartin3538 2 месяца назад

    Recession is coming 😅

  • @christiancoronado
    @christiancoronado 2 месяца назад

    Hopefully the FED won't do anything, it's time for the casino to be over and go back to rewarding only profitable companies and getting rid of the losers. The stock market is not the economy and the FED is not here to bail market participants for their malinvestment.

  • @amirbazal9897
    @amirbazal9897 2 месяца назад

    The fed will fix it ????🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

  • @Adam-u8u6c
    @Adam-u8u6c 2 месяца назад

    The Good News :
    🇺🇲 Economy is in Reset Mode
    via Ai Engineering
    New Engineering Systems are evolving at the lowest level of :
    Commerce

  • @CrisisActorinMovie
    @CrisisActorinMovie 2 месяца назад

    #KamalaCrash. Federal Reserve, led by Jerome Powell, a member of the Democratic party, is considering reducing interest rates. However, there are concerns that this move could lead to a significant increase in rent prices, which some believe is a result of a pricing manipulation scheme orchestrated by Blackstone and various banks.

  • @michellephillips9019
    @michellephillips9019 2 месяца назад

    There is no salvation.

  • @TangledThorns
    @TangledThorns 2 месяца назад +3

    Kamala's krash.

    • @Empty7able
      @Empty7able 2 месяца назад +3

      You're ridiculous bro

    • @Horace1993
      @Horace1993 2 месяца назад +2

      This is a long time coming. Interest rates were too low for too long.

  • @theholyregime7131
    @theholyregime7131 2 месяца назад

    Foolsbee. Nothing forward looking about the Fed.

  • @Agent77X
    @Agent77X 2 месяца назад

    🤦🏻‍♀️🤦🏼‍♀️🤦🏻‍♂️😣

  • @evacaldwell7529
    @evacaldwell7529 2 месяца назад

    What a waste of time. Wt don’t get any insight from this guy

  • @Tony-lb5eg
    @Tony-lb5eg 2 месяца назад +1

    NO Relate cuts 🫡

  • @Bradgilliswhammyman
    @Bradgilliswhammyman 2 месяца назад

    Plunge protection team out in force....I really wish these fed members would not give interviews. Their constant market manipulations have completely thrown off what should have been natural price discovery.

  • @Bradgilliswhammyman
    @Bradgilliswhammyman 2 месяца назад

    PSA ...FED does not exist to prop up overvalued equities in the stock market lol. Powell has better things to do than enable gamblers. When we finally get a 25 to 30 percent correction maybe real deflation can start to occur and prices drop across the board. Fed member should re read the job of the fed.