As much as he and Yelen are to blame for the delayed raise hikes, at least they are holding on right now to make sure inflation doesn’t creep back up again
@@josesammut9396 "holding on RIGHT NOW" are the exact words I used. They are not lowering rates RIGHT NOW. Markets wanted rate cuts now. If inflation doesn't drop again in the next 6 weeks then they will likely not cut again
Yea i wonder where they get these ideas from people here are barely living its funny how they sit up there and tell this huge lies while the lower working class is mega struggling
Yeah dude maybe 6-8% unemployment and deflation is what we need. You need to pull the bandaid off and raise the rate 25bps or you until things deflate. Cost of everything makes employment worthless. Everyone is living to work. It’s unacceptable and we’re all gonna pay for it somehow.
Are they really worried about getting inflation to 2%? It seems to me that they are more worried about lowering the U.S. government debt payments. Why are they talking about cutting rates when the economy is moving along just fine? it doesn't make a ton of sense if the goal is returning inflation to 2%. It does make sense if you are trying to shirk government interest payments. At what cost? Accepting higher inflation.
rate cuts have time-lags. Interest rates changes take up to 18 months to have full effect. Higher rates lead to lower inflation but also lower growth and higher unempolyment. If they cut to late they could bring the US in an economic recession. Because of that you cut rates before hitting the 2% target if the predictions and past developments support the assumption that inflation will reach 2% despite rate cuts. With rate cuts you always at the predicted inflation in the future than the inflation today.
100% agree. I dont think they need to cut AT ALL with this economy. Cpi has gone sideways since december, so why cut? Not at 2% at all, not even close. Job market is fine, actually too hot. Why cut? Gdp is ok, not amazing but ok. So why cut?
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?
The labor market is not strong. Someone ask him about the thousands that got laid off and are getting laid off who are on severance packages and not hitting the non farm payroll numbers!
I hate rich people . I'm a 45 year old white dude with a small business and one employee. I got no house, cant afford one, no family (can't afford one) one truck, a dog. and I have to live with my parents still. I work my but off and make as much as I can but I don't have stocks, and I payed 23 FRIGGIN THOUSAND dollars in taxes last year. godamit it. I tax the hell out of anyone with unearned or unrealized gains in the stock market PLEEEEEAAASE. lower my tax burden a teeny bit and llet me get my own house. my life sucks
Trust me dude own house don't change your misery, need a mentality change come live with us in India, your money will be 83x you can buy a world here, plus millions of people working with you every day
Your business then it’s a failure. Either go to school or find a job. There’s no point of owning a failed business. But people can’t understand that simple concept.
Watch the videos circulating around of bare foot men building engine compartments for 10 dollars a week in India and Pakistan that while also gathering their food from landfills. That should humble you some
The fact u cant even pay rent in this country should tell every single law maker and politician they are messing up and dunno what they are doing…. Iv had enough
Wait until these consumer spendings bankrupt all credit cards. When it happens, credit card companies will go belly up with bankruptcies and us banks will follow. Mark my word!
@@UnitedStates. no that’s not how are government should work, corrupt politicians should be accountable for actions…our system definitely has flaws, power and money always rule
Tbh they did a good job. Inflation at 3.2 and we didnt have massive labor cuts. I cant stand Biden for other issues but on inflation his administrative has turned this around.
While the Fed has kept inflation at bay, the labor market and economy have lots of negative signs that suggest we may be in for a recession soon. Also the number of unemployed people who aren't looking is going up and up, but doesn't show in their job reports
He's doing a pretty good job, soft landing seems to be happening. Most of HS are doing well and the last pay raise has been above inflation, and our 401k are doing great. This is one guy in the government that actually deserve some praise, unlike most of the partisan clowns.
More likely the worst. The transitory inflation remark is so infamous . This time if the inflation creeps back up in summer because of his rhetoric , it will seal his historical statue as the worst Fed chairman, ever.
He should be embarrassed at his performance based on destruction caused by inflation under his watch.
As should Congress -- Fiscal spending caused most of the inflation in the first place.
What a liar.
As much as he and Yelen are to blame for the delayed raise hikes, at least they are holding on right now to make sure inflation doesn’t creep back up again
Progress?? What a joke.
Unless CPI goes negative, there will be no progress.
No they aren't. They signalled rate cuts, and he propped up markets with his speach.
@@josesammut9396 "holding on RIGHT NOW" are the exact words I used. They are not lowering rates RIGHT NOW. Markets wanted rate cuts now. If inflation doesn't drop again in the next 6 weeks then they will likely not cut again
It's still 50 percent above the healthy level. That's bad. And the cumulative high inflation has caused generational damage.
Fake data . People are living on photosynthesis, and he is saying consumer spending is strong….. what a joke
BS, just go to any grocery store, packed and people’s carts are fullll.
Yea i wonder where they get these ideas from people here are barely living its funny how they sit up there and tell this huge lies while the lower working class is mega struggling
@User12345fan are you suggesting people should be even poorer and have less money for food?
Thank you sir , finally I found an American intelligent
@@User12345fan does grocery cart tell you how strong the consumer spending is ? Grocery is the last thing that people stop spending money on.
Yeah dude maybe 6-8% unemployment and deflation is what we need. You need to pull the bandaid off and raise the rate 25bps or you until things deflate. Cost of everything makes employment worthless. Everyone is living to work. It’s unacceptable and we’re all gonna pay for it somehow.
Lies, lies, and more lies..
hello
I want to see his live for a long time, you know?
I don't know what day his live is open
When the feds work with politicians we all lose
My 401k is up 150%. Who’s we?😂
Summer finna be a movie!!!!! 😏
Dunkin’ Donuts coffee and breakfast $15….. 😅 keep saying lies . Inflation is low
Coffee made at home ... 50 cents. It ain't that hard.
Are they really worried about getting inflation to 2%? It seems to me that they are more worried about lowering the U.S. government debt payments. Why are they talking about cutting rates when the economy is moving along just fine? it doesn't make a ton of sense if the goal is returning inflation to 2%. It does make sense if you are trying to shirk government interest payments. At what cost? Accepting higher inflation.
rate cuts have time-lags. Interest rates changes take up to 18 months to have full effect. Higher rates lead to lower inflation but also lower growth and higher unempolyment. If they cut to late they could bring the US in an economic recession. Because of that you cut rates before hitting the 2% target if the predictions and past developments support the assumption that inflation will reach 2% despite rate cuts. With rate cuts you always at the predicted inflation in the future than the inflation today.
100% agree. I dont think they need to cut AT ALL with this economy. Cpi has gone sideways since december, so why cut? Not at 2% at all, not even close.
Job market is fine, actually too hot. Why cut?
Gdp is ok, not amazing but ok. So why cut?
Because it’s an election year
Clueless and incompetent, what more can you expect from a public servant bureaucrat
Best method to restore inflation-
- Stop the printing money machine
You know inflation is high when you Walmart grocery receipts cost more than you Sams Club grocery receipts.
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?
The labor market is not strong. Someone ask him about the thousands that got laid off and are getting laid off who are on severance packages and not hitting the non farm payroll numbers!
I hate rich people . I'm a 45 year old white dude with a small business and one employee. I got no house, cant afford one, no family (can't afford one) one truck, a dog. and I have to live with my parents still. I work my but off and make as much as I can but I don't have stocks, and I payed 23 FRIGGIN THOUSAND dollars in taxes last year. godamit it. I tax the hell out of anyone with unearned or unrealized gains in the stock market PLEEEEEAAASE. lower my tax burden a teeny bit and llet me get my own house. my life sucks
Trust me dude own house don't change your misery, need a mentality change come live with us in India, your money will be 83x you can buy a world here, plus millions of people working with you every day
I'm 41 and I accepted being a tax slave long ago. The Corporate Masters took over. We allowed it.
Your business then it’s a failure. Either go to school or find a job. There’s no point of owning a failed business. But people can’t understand that simple concept.
Billionaires need to pay more
Watch the videos circulating around of bare foot men building engine compartments for 10 dollars a week in India and Pakistan that while also gathering their food from landfills. That should humble you some
They just changed his meds.
Reasoning behind the garbage coming out his mouth😂😂😂😂
If it’s not doom republicans right now, it is garbage. You do not want our economy to do well because you are scared that might re-elect Biden.
Steady hand. No hype. Well done.
what are you talking about? It's been a freaking disaster.
The fact u cant even pay rent in this country should tell every single law maker and politician they are messing up and dunno what they are doing…. Iv had enough
Fed permit to buy stock basically what was the hurry to announce of 3 cuts now only could have seen next month data and announce in April may
I'm ready for what is to come, bring it.
I got my mind on my money and my money on my mind!! 😮
Can someone tell me how the rates were not cut but the stock market still rallied…
Mind boggling
He has been frozen in place while the people are experiencing extreme heat.
Thank you Fed! more Inflation will be AWESOME! Cut away.
Gotta get rates down with all the debt we have coming due..
Money may cost a little more, but its still pretty loose.
progress to rising inflation?
Wait until these consumer spendings bankrupt all credit cards. When it happens, credit card companies will go belly up with bankruptcies and us banks will follow. Mark my word!
what reality are they living in? corporate america maybe?
It’s how capitalism works.
@@UnitedStates. no that’s not how are government should work, corrupt politicians should be accountable for actions…our system definitely has flaws, power and money always rule
@@50whatnomadtravelnursemtb5 I understand the point you’re trying to make, but again: that’s capitalism.
He is smarter than most of us, doesnt matter
Tbh they did a good job. Inflation at 3.2 and we didnt have massive labor cuts. I cant stand Biden for other issues but on inflation his administrative has turned this around.
The market green green off this announcement
We are broke and done with this government either help the lower and middle class and get the heck outta the way and shut up government stay humble
Economy is in death mode! No livable wages. Misery everywhere ....
While the Fed has kept inflation at bay, the labor market and economy have lots of negative signs that suggest we may be in for a recession soon.
Also the number of unemployed people who aren't looking is going up and up, but doesn't show in their job reports
Lol that 2% goal is aspirational
It's at 3.2% currently
That's an empty three thousand dollar suit spewing claptrap
Here Here😊
It's all going to plan. For them.
Silver 👏👏
Lies!!!
Keep buying all the countries, like Ukrain with this borrowed money. To cause more debt for the US working class
wish i had a job
A livable wage.
Gold 👏
Greattt
Bitcoin $500000-$1000000
money printers gonna turn on soon, so probably.
@@sarscov9854 no need to print. Just lower the interest rate. It will go up.
Satin’s money 🫣
Drame baaz fed team 💠❤💠❤💠❤💠❤🏁#powellstress
Cuman menguntungkan diri sendiri dan penjabat serta kerabat lainnya doang😢😢😢😢
EXEMPLARY Boomers Nation😊
this is fine..🐶
Bay pepe... Bay pepe to 1000x bullrun
Pepe go posision
getting hard to watch this bs over and over,
Powell is a weak leader
Bitcoin 👏👏👏
☯️
Bye bears lol
😂😂😂
US recession comes September 2024
Delusional
Trump 2024
Nahh the money printing started under him
put full American dollars into bitcoin
He's doing a pretty good job, soft landing seems to be happening. Most of HS are doing well and the last pay raise has been above inflation, and our 401k are doing great. This is one guy in the government that actually deserve some praise, unlike most of the partisan clowns.
Jerome 2024
Economy is on fire!!! Its death day in and out...
it stands to reason that jp is the best fed chair in recent history...
More likely the worst. The transitory inflation remark is so infamous . This time if the inflation creeps back up in summer because of his rhetoric , it will seal his historical statue as the worst Fed chairman, ever.