That debt is an asset on their balance sheet because it is borrowed to the banks. The banks then borrow it to any idiot that will take a loan out, so in the end, it is consumer debt that pays the interest. yes, printing money indirectly causes debt, but it's the dodo's maxing out their credit cards and mortgages that are directly causing it and paying for it.
"Inflation is down to 2%" means that the inflated prices that have been increasing for 5 years are compounding another 2% more each year. No prices have gone down and none ever will.
@@wtfdoino605 Government is borrowing a trillion every 100 days. THERE is NO WAY we only have 2.7% inflation unless you're adding that number to the number we got every month this year!
This is what too many people don’t get. It’s misleading when they say “Inflation going down”. What they mean is “The dollar is being devalued at a slower rate than it was last year”.
Okay... But a deflationary period would mean even harder times for people because jobs would be dropped left and right. Especially if it meant going back to pre-pandemic levels of costs.
Half of the country is actually now pretty happy about high inflation because their Dear Leader said he's going to put tariffs on the whole world and he can't guarantee anything.
there should be a way to lock their raises to scale with the poverty line. so if the bottom gets a raise, they get a raise. if the poor get poorer, they get poorer. would change the way they work so much
And anyone who believed that has a hole in their head and doesn’t understand anything. Inflation is cumulative and only gets worse. Prices are not going up, our money is worthless
Hey Brian, you're doing an awesome job thank you.. how's it coming with that job interview? We the people are all behind you in hopes that you get that job! 🙂♥️
The economy is great for the rich, that's all that the economic metrics used by the Fed measure. The stock market went up over 30% this year. That's amazing for the Capitalist class, and that's who this country is run for.
American BUSINESS is doing well, they have continually moved 50 trillion over the last 50 years, estimates can be way higher, but this was based on the Rand organization's paper. In America when they say America is doing well, it means Business, which is the primary beneficiary of American wealth. Every other group, which includes the one you and I are in, is considered a special interest. Black, White, Native American, LGTBQ, ect. we are all part of the non American Business interest group, and as such if we aren't doing well, it doesn't matter.
A healthy example of this is incoming wealth projections for businesses have incorporated a soon to be figured out bail out. They have black in their ledger based off of American government bailing them out. This extra income allows them to take riskier loans and choices, because they are considered "Too Big to fail".
The Federal Reserve isn’t in trouble. Who’s in trouble as usual is the average American being negatively impacted by forces beyond their control. More taxes with different names like inflation and tariffs.
@@benofhumble This has been 50 years in the making. The trillions printed in the last couple years were the last gasp of a system thats on its way out. It needs to collapse. It will be painful but we will get through it.
Powell will soon find out what a strong economy the us is when countries abroad are in recession. I really don't know what drug powell is smoking to be so upbeat.
@@Nothingspecial604 median income and median net worth are also at all time highs. The average American is doing fine, and definitely better than any other country. People just love to complain. Americans also like to waste their money on dumb BS they don't need and then whine that they're poor.
I don’t watch these press conferences…don’t watch any of the financial channels…I just come here for a quick synopsis which cuts through all the BS on what’s REALLY going on.
It’s like the Federal Reserve didn’t want us to believe our lying eyes…. We all know that inflation is a lot worse than what they’re saying and we also know that unemployment is on the uptick. Low unemployment is actually bad when inflation is high. It actually means that people are working multiple jobs because they can't afford to live with just one. Wages are down and prices are up.
The federal reserve is severely incompetent because the uk canada and the eurozone who are the us major trading countries who they sell exports to are either cutting rates desperately or in a recession.
The FED has been dragging this out now for going on almost 4 years with the shenanigans and we knew all along all that transitory crap was a bunch of BS!!!
That's not at all how it works. Inflation is measured incrementally over time. If it were 28%, that would mean prices were 28% higher than (say) at this time last year. They're not.
Projected to jump again soon. If it jumps another 30 percent you're looking at a housing market bubble in the near future. People will have to live off of credit cards and that will cause the crash they been stalling
As far as I’m concerned they can cut 75% of all government agencies and 90% of all federal employees. And those that are left can work out of plywood huts. 🎉
Exactly! Trump printing enormous amounts of money during his last year of presidency in 2020 for PPP Loans (Millions forgiven), Stimulus Checks, AND unemployment boosts was ridiculous!
That's why we elected trump because any Democrat would print trillions more for ukraine and for hand outs... if you know, you know we dodged a apocalypse with kamala losing
@@funnyfacez74 tRump signed an executive order in 2018 in the amount of $28 billion (I have also read it increased to $60 billion due to no new markets) agricultural subsidy after his tariffs killed the soybean and grain markets in China. They moved on and now get these products from Brazil and other countries. It's not coming back.
My guess is that he thinks he has done a great job on any day that the citizens have NOT begun building a gallows on the front lawn of the federal reserve.
Why save? So your bank account can be worth less next year than today? Saving is the last thing you should be doing. You should be investing instead to outpace inflation.
Love when the spokesperson says "it's slowing down but it's not declining" and then seconds later "gradually declining but we don't have that kind of precision" lol okay. "The economy is in a really good place right now". "I expect another good year next year". These people.
Why hasnt his wig got knocked off yet but Trump gets grazed🤔 Gtfoh!😅 I guess they're working they way up from healthcare CEOs now. Then workin all the way up to government efficiency (DOGE) 😂
I think I am tired of the Federal Reserve manipulating what affects the American people while they do not seem to be living in the same world we are. Inflation continues to rise and the interest rate is not helping the people.
I think that it is possible, however, I think that the tariffs will actually spur greater investment in the US and an increase in employment. As long as this is done at a managed rate, we should have more products and services to choose from here and hopefully with an appropriately tax break, net costs should be lower...
I used to pay $3.50 for a carton of 18 eggs. Gradually the price went up to $7. Yesterday I paid $7 for 12 egg pack. Even the rotisserie chickens have gone up from $5 to $9.
@@ScottDieken In 1981 Fed chairman Paul Volker raised the Federal Funds Rate to 20% to stop the long festering inflation in the country. There was definitely some economic pain, but it did finally bring inflation down.
Inflation isn’t coming down fast enough, he should have raised .25 back in Sept. He will be lowering rates much faster next year, will be the same as back in 2008.
The Fed is out of it's depth. Someone should have ask him why a new Ford F150 with a basic trim package cost $50,000+ and why most working Americans can't afford one.
I was talking to a guy about his excavator. Nice machine. He paid $46,000 brand new from the dealer just over 3 years ago. I recently got multiple quotes for this exact machine and its now $61,200. This is especially crazy because the dealer lots are full. There was a time you had to wait like 9 months after you ordered a machine so I sorta understood the higher prices at the time.. but the dealers now have stacks of these things yet the much higher prices remain.
@@d.l4055 Boomers are interested in maintaining their asset values at the expense of the rest of the economy. It IS age driven; such a pathetic system.
Such an uneducated comment. Being a boomer, gen-x or z doesn't matter. It the type of person were placing in these positions. People who are greedy, selfish, have no morals, ethics, and values. These type of people are in every generation.
Wow!! Powell had a really difficult time answering those questions. Either he can't answer in good conscience or he intends to foster confusion or expectation of not cutting interest rates AT ALL.
I mean Powell stated they are cutting because current rates are still restrictive... He's said repeatedly before that they are walking a fine line and dealing with lagging indicators. I think he's cutting less to ensure progress is made to move the economy forward without giving oxygen to inflation to start burning again. Once DOGE starts cutting trillions of dollars off the budget, we're in good shape imo
If it is actually Inflation they care about, they are actually worried about the interest expense on the National Debt getting so high that they cannot pay it with massive amount of fantasy money printing.
@@scooter06rb IF the tariffs kick in. tariffs on ME and CA are unlikely and so what will really have impact is the tariffs on China, if those are to happen
Rates need to be cut because our Federal deficit is too high. Our Interest payment alone this year is already over $1 TRILLION! But Powell will not mention that as the reason for cutting rates because the Federal Reserve is suppose to be independent from the government. In reality, not really.
Powell has the Karine Jean-Pierre starter pack, constant deflection, non answers, all he is missing is the giant 6” binder. Insane how out of touch these people are. Heads need to roll!
If anything from anyone needs to roll. That's the current and new administration coming in. But a Mormon like yourself doesn't understand that. The Fed is the one trying to keep things under control but Sleepy Joe and Humpty Trumpy make it hard
@@cometasporelcielonot at all, people in power need to look at the reality of the situation and current state that the average American is in because of their poor decisions. They can’t relate to how we are living because they are up on a mountain. Think about it. Wake up.
Naw we good. The system is collapsing and with Trump at the helm, we have a chance to reduce government down to levels we haven't seen since the 1870s. Is it going to be painful? Sure. But we are going to be doing very well once we get out the other side.
@LordRykard9376 if we cut 100% of federal workers jobs it saves $280 billion a year. We need to cut $1.95 trillion to just balance the books 😂😂😂 we fucked
Trade has a lot to do with that 1.95 trillion deficit. Trump had been there before when the deficit was 1 trillion. Imagine those who screamed 1 trillion was bad.
The reason the Fed is insistent on lowering interest rates is the federal government is having a difficult time paying their outstanding debt service from the treasury bonds.
Great show - employment was off by, what 1.5-1.9% (in the wrong direction) and inflation was off all this time. The books are sitting next to some Crisco.
I heard different answers out of him then you implied.. i hear the direction is right over all and the progress has been good for the total year but right now its slowing down and they are just being cautious. Their projection is still that it will further improve deflation But all i heard you saying is that he said inflation will go up .
And people wonder why all the sudden there are ‘drones’ flying over Jersey. “Look over there! Aliens wanna finally clean that joint up! Meanwhile, we’re gonna prepare our bunkers…”
The more we suffer the greater profits they rake in. Sky high energy bills and property taxes. Tariffs are taxes; plus more taxes due on higher prices. Trump wasn't lying when he said this will be the most prosperous time in American history. Prosperous for the elite.
I'm a lone wolf analyst, and I was saying all along that back door public cash injections are preventing real rates from coming down. In fact it was well known that manufacturers have made price increments because they know the public had extra cash in their pockets because of the cuts . So its a vicious circle as manufacturers design new cash margin for profit either by removing items in boxes , shrinking the boxes , or hiding the items in the box with more air. I projected Dixie, back in 2022, at 114-118 when all the dust has settled and US 30Year yield topping out at about 7%. I still maintain that view meaning I saw common knowledge history being re-baked.
I don't understand how inflation keeps going back up.... I mean we're only printing a trillion dollars every 100 days.
This truly is a riddle.
A real Scooby Doo mystery to be sure
@@joshuacampbell91No mystery. It's plain and simple price gouging with no corporations being punished for it.
The more green backs they print, the higher inflation we will get. My dog Scooby is getting less snacks because of inflation.
people keep spending getting more in debt
That debt is an asset on their balance sheet because it is borrowed to the banks. The banks then borrow it to any idiot that will take a loan out, so in the end, it is consumer debt that pays the interest. yes, printing money indirectly causes debt, but it's the dodo's maxing out their credit cards and mortgages that are directly causing it and paying for it.
Give them all salaries of $50,000 before taxes and see how fast they fix the government 😡😡😡
Right 😂😂😂😂😂 50K before taxes. Moves would happen then.
I love this comment👏
FED is a private bank. NOT part of the government.
You think they care about that “salary” 😂😂 that’s not where the money is
I'd vote for this
The federal reserve is not in serious trouble! People are in serious trouble. This shit runs downhill.
Perfectly said
My crypto is in trouble
@@MORRILL_MUSIC My thoughts exactly lol.
@@MORRILL_MUSIC
That’s because you just bought your crypto
We all are in real trouble...
These idiots call it inflation; the rest of us call it corporate greed!
"Inflation is down to 2%" means that the inflated prices that have been increasing for 5 years are compounding another 2% more each year. No prices have gone down and none ever will.
Well, yeah. That's how inflation works.
Target is 4% fwiw
@@TristanMorrow that's a lie. Target is as high as they can get it without causing a rebellion
Fed "Inflation is "2.7%"
Insurance companies: (shifts decimal point right)
Look at data for storms and accidents/fatalities
Willy-nilly debt creation leads to willy-nilly claim denials. It is all AAA, right.
@@wtfdoino605 Government is borrowing a trillion every 100 days. THERE is NO WAY we only have 2.7% inflation unless you're adding that number to the number we got every month this year!
@@jarcadipane2849 Did you mean to @ someone else? I am just saying debt is being created without suitable assurance.
meanwhile the dollar loses 5% a year, but yeah we're aiming for 2%. lol.. I hope they shut them down.
Inflation is cumulative. As long as we have positive numbers, no matter how small, prices are going up. (or rather your dollar is going down)
This is what too many people don’t get.
It’s misleading when they say “Inflation going down”. What they mean is “The dollar is being devalued at a slower rate than it was last year”.
Then do not keep the dollar for anything other than 3-6 months of expenses.
Would you rather have deflation?
You can forget deflation. All they want is 2%. But then again FED is flying blind.
And its also a rate of acceleration, not speed.
Okay... But a deflationary period would mean even harder times for people because jobs would be dropped left and right. Especially if it meant going back to pre-pandemic levels of costs.
They really said “the public isn’t complaining about inflation as much as we thought, so we can increase it”
It's what happens when it's been smoke and mirrors that they've presented to the people for the past few years. We've been led down a primrose path. 😢
This is why educating yourself on what the elites are doing is important
Those of us on a fixed income are certainly worried. When you’re disabled, you can’t just run out and get a job.
Half of the country is actually now pretty happy about high inflation because their Dear Leader said he's going to put tariffs on the whole world and he can't guarantee anything.
🤯
"...another good year..." - the mental gymnastics here are truly unbelievable.
Sure, it's a good year for Powell if you're worth over $200 M
@@jarcadipane2849 💯
Worst days are coming a head. Bad managements and wrong economy policies.
And congress had the nerves to put in a pay raise request in the recent bill ......
40% increase!
What if: The raises are based upon actual inflation, and not the cooked numbers? If so, things could get very scary soon..
there should be a way to lock their raises to scale with the poverty line. so if the bottom gets a raise, they get a raise. if the poor get poorer, they get poorer. would change the way they work so much
@@bradhaines3142 100%. They definitely would buck the fuck up and start working for us as intended.
The haves and the have nots, I wish I could vote myself a nice raise
Powell is the master of speaking nonsense and making it sound intelligent
He really doesn't sound intelligent
Thank you. I was trying to find a way to word it without using profanity. Anyway fuck him.
Doesn’t sound all that intelligent to me. “Word salad” comes to mind.
Just another jackass like Garland
I would have gone for Kamala Harris as the master of the word salad lol
The same FED that said inflation was transitory….
And anyone who believed that has a hole in their head and doesn’t understand anything. Inflation is cumulative and only gets worse. Prices are not going up, our money is worthless
Fed and Treasury Secretary who WAS a Fed Chair at one point! Tell me this isn't intentional !
@@Iamwhosfate 💯
Hey Brian, you're doing an awesome job thank you.. how's it coming with that job interview? We the people are all behind you in hopes that you get that job! 🙂♥️
They think this economy and labor market is in good shape. How out of touch are these people
They aren't out of touch, they know lol
They just can't do shit, because doing anything would mean they just all quit and dissolve the fed.
The economy is great for the rich, that's all that the economic metrics used by the Fed measure. The stock market went up over 30% this year. That's amazing for the Capitalist class, and that's who this country is run for.
American BUSINESS is doing well, they have continually moved 50 trillion over the last 50 years, estimates can be way higher, but this was based on the Rand organization's paper. In America when they say America is doing well, it means Business, which is the primary beneficiary of American wealth. Every other group, which includes the one you and I are in, is considered a special interest. Black, White, Native American, LGTBQ, ect. we are all part of the non American Business interest group, and as such if we aren't doing well, it doesn't matter.
A healthy example of this is incoming wealth projections for businesses have incorporated a soon to be figured out bail out. They have black in their ledger based off of American government bailing them out. This extra income allows them to take riskier loans and choices, because they are considered "Too Big to fail".
The Federal Reserve isn’t in trouble. Who’s in trouble as usual is the average American being negatively impacted by forces beyond their control. More taxes with different names like inflation and tariffs.
Most of life is determined by factors outside your control. That's just how it is. Be glad you were born in America and not Sudan.
They cannot be 'that' stupid. It must be intentional..
@@jarcadipane2849 No 💩 genius 😂😂😂😂😂
I agree100%😅
This is only the beginning. Talk to me mid next year.
"It has fallen apart" Finally something true from Jerome's lips...
This is why the guy needs to be on a teleprompter. He destroyed the market
@@benofhumble This has been 50 years in the making. The trillions printed in the last couple years were the last gasp of a system thats on its way out. It needs to collapse. It will be painful but we will get through it.
@@benofhumble Better yet, don't have these pressers, just set the rates, go home, and let people just deal.
Ofcourse is worse.
When energy, housing and food were removed from the metric, the metric will factually bare a false result.
Exactly 💯
💯🎯👏🏻😉
and education and health care and transportation and insurance and pest control etc etc etc
If this guy was Pinochle his nose would be 10 foot long 😂
Next the govt will say: Market bloodbath is Transitory 😂
"Another good year" This guy is way out of touch with the american people.
Who!! The ones in debt or the ones who can spend daddy money
All the ones buying new cars and buying houses. Armenians in SoCal are doing just fine😅
I think he meant Nancy Pelosi
Would you rather face a recession?
@melissaheredia1917 Yes, we need some type of correction. If you look at the numbers, it seems like we are already in a recession.
He said we’re expecting another good year????? 😂 I guess he thought he was asked about his family’s economy.
Powell will soon find out what a strong economy the us is when countries abroad are in recession.
I really don't know what drug powell is smoking to be so upbeat.
This year has been great. Stock market boomed, low unemployment, solid GDP growth. My personal finances have improved a lot
@@i_like_beer-o2fglad YOU’RE okay here man. Don’t support the “representation”.
stocks are up about 20% over last year. The investor class had a banger year.
@@Nothingspecial604 median income and median net worth are also at all time highs. The average American is doing fine, and definitely better than any other country. People just love to complain. Americans also like to waste their money on dumb BS they don't need and then whine that they're poor.
I don’t watch these press conferences…don’t watch any of the financial channels…I just come here for a quick synopsis which cuts through all the BS on what’s REALLY going on.
yeah you'd be better off if you'd go to the actual sources rather than the opinion.
Ron Paul had it right...we need to "End the FED" Stop printing money out of thin air!
Inflation has been stalled 3 months ago and he still is lowering interest rates. Powell needs to be fired.
It’s like the Federal Reserve didn’t want us to believe our lying eyes…. We all know that inflation is a lot worse than what they’re saying and we also know that unemployment is on the uptick. Low unemployment is actually bad when inflation is high.
It actually means that people are working multiple jobs because they can't afford to live with just one.
Wages are down and prices are up.
Its a slave game under nuanced pretenses. Nothing more.
The federal reserve is severely incompetent because the uk canada and the eurozone who are the us major trading countries who they sell exports to are either cutting rates desperately or in a recession.
“You can’t hide, your lying eyes….” 👀 “fed chairs seem to find out early.. how to tank the market with just a few words…”
All by design
And yet we want to cut taxes for the rich. Say “trickle down economics” few more times
The only reason they are cutting is to help the govt service it's own debt.
Then why would they lower the amount of cuts compared to what they planned?
Yep, they sat him down about that one, I bet he gave them a sarcastic, "thanks team" for that.
The cuts of interest could have been to help Biden or Harris to get elected.
@@keekeemyfirstcat8410look how that turned out
bingo
The FED has been dragging this out now for going on almost 4 years with the shenanigans and we knew all along all that transitory crap was a bunch of BS!!!
Inflation is 28%...2.7% is bull..everything in America is 28%.
Not rent
nope
That's not at all how it works. Inflation is measured incrementally over time. If it were 28%, that would mean prices were 28% higher than (say) at this time last year. They're not.
@@dawnfire82it is higher than last year. Did you check milk, bread price compared to last year? It is more than 28%
Projected to jump again soon. If it jumps another 30 percent you're looking at a housing market bubble in the near future. People will have to live off of credit cards and that will cause the crash they been stalling
It's like the band playing on the Titanic as it is sinking
Stop printing money. This has been caused by reckless spending and huge deficits.
As far as I’m concerned they can cut 75% of all government agencies and 90% of all federal employees. And those that are left can work out of plywood huts. 🎉
The US government needs to stop giving tax payer money to parasitic nations.
Exactly! Trump printing enormous amounts of money during his last year of presidency in 2020 for PPP Loans (Millions forgiven), Stimulus Checks, AND unemployment boosts was ridiculous!
That's why we elected trump because any Democrat would print trillions more for ukraine and for hand outs... if you know, you know we dodged a apocalypse with kamala losing
@@funnyfacez74 tRump signed an executive order in 2018 in the amount of $28 billion (I have also read it increased to $60 billion due to no new markets) agricultural subsidy after his tariffs killed the soybean and grain markets in China. They moved on and now get these products from Brazil and other countries. It's not coming back.
I really wonder if Powell goes home at night and gets tired of his own bs
My guess is that he thinks he has done a great job on any day that the citizens have NOT begun building a gallows on the front lawn of the federal reserve.
He goes home and counts his money at your expense 🤑💰😂😂😂😂
The inflation rate they give is a carefully cooked number.
Cooked books
all the information is public.
@@DonnieBC ahhh so when has anything ever been truthful. The data released is simply controlled and thus follows their narrative
I told yall, everyone please save your money because everything will go up next year. I knew this was going to happen.
If it’s going up, why would you bother saving
Why save? So your bank account can be worth less next year than today? Saving is the last thing you should be doing. You should be investing instead to outpace inflation.
There needs to be zero cuts the next two years
Big corporations are hiring overseas foreign workers in all areas including creative and engineerings. No wonder we can’t get jobs.
Customer service, IT, sales, manufacturing. America will not survive
You mean these google certs aren't going to get me a job?
If they are more qualified then yes
@@Joe-nx7njnope you will be replaced sooner or later
No 😂, likely not. Speaking as someone who hires engineers. @@Joe-nx7nj
They have to cut interest to lessen the interest paid to the $36+ trillion US govt debt. The cut is not for the benefit of average working americans.
And Trump want to remove the debt limit. We are in trouble!
@@TimHudson-i1w Trump handed them a strong, healthy economy. Biden and cronies füuk it up. Stupid comment stop watching CNN.
Love when the spokesperson says "it's slowing down but it's not declining" and then seconds later "gradually declining but we don't have that kind of precision" lol okay. "The economy is in a really good place right now". "I expect another good year next year".
These people.
When the house is on fire and spreading into the neighborhood, it gets harder to lie about it.
Did Powell forget to take his Xanax/adder-all cocktail before the meeting? Why is he verbally stumbling??
im in shock of how many things they are doing before turning over power
Really???
You ain't seen nothing yet!
Completely intentional
Powell isn’t out. Hopefully he resigns but he’s not turning over anything.
fed is like supreme court, there until they die or decide to leave
Why hasnt his wig got knocked off yet but Trump gets grazed🤔 Gtfoh!😅
I guess they're working they way up from healthcare CEOs now. Then workin all the way up to government efficiency (DOGE) 😂
5:07 “ let me find these numbers” he’s so full of it 😂😂
"Let me make up those numbers."
haha, he almost got me on that one
I think I am tired of the Federal Reserve manipulating what affects the American people while they do not seem to be living in the same world we are. Inflation continues to rise and the interest rate is not helping the people.
uh, the whole point of managing the federal funds rate is to help curb inflation. but i guess they should've done nothing in 2008.
I thought this was Biden’s fault?
The end is nearer than you think! We're in the final hour.
Incidentally, with the impending tariffs , inflation is going to skyrocket. “Another good year?!” What planet is this guy living on?
Yeah, inflation is up because of the tariffs Biden implemented in May of 2024
I think that it is possible, however, I think that the tariffs will actually spur greater investment in the US and an increase in employment. As long as this is done at a managed rate, we should have more products and services to choose from here and hopefully with an appropriately tax break, net costs should be lower...
We all knew inflation was much worse. Lol but hey let’s give all the politicians pay raise for sucking in their jobs
Fed isn't government. It is a private bank our congress let steal from us.
Inflation is an average and is not meant to represent any single individual consumer.
We are all in trouble. Life to get even more expensive soon.
The great melt up
💯
Intentionally done
I thought Trump was going to fix inflation. Trump, the liar!
He's not president yet is he? Lol@@ronaldhernandez6866
Raise your hand if you already knew everything that was going to happen because Brian already told you what was going to happen 🙋🏾♀️. Powell < Brian
The Reserve should be thoroughly investigated.
Can't
Funny. Soon as Trump comes in it's fallen apart. How is there inflation when the economy is shit
That was the plan blame the economy on him
How can they ask the same question 4 times and still not get an answer. He's so slippery
As is all of our current government
Powell is cut from the same fabric as Kamala all talk and no answers, incompetent and unqualified
Powell is too old for this job. We need the next generation in there.
Na the boomers own this cluster.
@@jonathantaylor6926this one and pretty much every other department.
I used to pay $3.50 for a carton of 18 eggs. Gradually the price went up to $7. Yesterday I paid $7 for 12 egg pack. Even the rotisserie chickens have gone up from $5 to $9.
So what’s your point ?
Egg prices were affected by bird flu. Kroger was caught red handed admitting they raised prices above inflation.
I’ve noticed that too but inflation is low 😂
Must be your state. Here in Oklahoma it's $3.50 for a dozen eggs and chicken is still 5 at Sam's and Costco
Geez, it's simple, QUIT EATING!
FED is government's fall guy.
Good stuff as usual, real economic analysis we won’t get from the mainstream media.
We need to get rid of the Fed Reserves. There I said it and meant it...........
Don’t worry, a CBDC will be their “solution.”
Congress should be paid based on the median household income in their state.
They will just raise that laugh out loud…. Until we remove government, we will always be controlled.
They ARE actually looking for a 40% increase right now with this new 1500 page bill ...
raise the interest rates to 8 percent, get it over with
you will look really smart when inflation takes off.
Shut up
@@ScottDieken no, it would just almost instantly crash the economy, then force a reset of how most businesses work
@@ScottDiekenI like inflation, I have a mortgage at 2.75%
@@ScottDieken In 1981 Fed chairman Paul Volker raised the Federal Funds Rate to 20% to stop the long festering inflation in the country. There was definitely some economic pain, but it did finally bring inflation down.
Inflation isn’t coming down fast enough, he should have raised .25 back in Sept. He will be lowering rates much faster next year, will be the same as back in 2008.
Love how he reacts with total frustration. Best analysis I've seen on utube.
The Fed should be embarrassed
The correct spelling is "eliminated."
They are getting richer and the American public is becoming poorer , day by day by day ..
The Fed is out of it's depth. Someone should have ask him why a new Ford F150 with a basic trim package cost $50,000+ and why most working Americans can't afford one.
$50,000 cars were never meant for “most working Americans.” Cars are for getting from A to B
I was talking to a guy about his excavator. Nice machine. He paid $46,000 brand new from the dealer just over 3 years ago. I recently got multiple quotes for this exact machine and its now $61,200. This is especially crazy because the dealer lots are full. There was a time you had to wait like 9 months after you ordered a machine so I sorta understood the higher prices at the time.. but the dealers now have stacks of these things yet the much higher prices remain.
I think that's his point. It shouldn't be 50k. The average American can't afford it.
Yeah. We need a business truck but cannot afford it, so we keep using our family van.
Get these Boomers out of office!!
It's systemic retaliation, not Boomers.
Don't worry, bed time is coming. Same with the oldest of Gen X.
@@d.l4055 Boomers are interested in maintaining their asset values at the expense of the rest of the economy.
It IS age driven; such a pathetic system.
Such an uneducated comment. Being a boomer, gen-x or z doesn't matter. It the type of person were placing in these positions. People who are greedy, selfish, have no morals, ethics, and values. These type of people are in every generation.
@@scotteric8711 You better move out of the basement before they are.
I know this takes a lot of time to video edit. I appreciate you doing these videos. Saves me so much time!
Perhaps, ~3% inflation with ~4% unemployment is better compared to ~2% inflation ~5% unemployment in the eyes of the fed. Thoughts?
Wow!! Powell had a really difficult time answering those questions. Either he can't answer in good conscience or he intends to foster confusion or expectation of not cutting interest rates AT ALL.
Someone got to him a few years back. He hasn't been the same since.
Somehwere in America, Mario is heating up his 3D printer and taking a closer look at the data...
😂😂😂😂😂 love it
We need Bowser
Mario?
Free Luigi
We knew they were lying…
cuz their lips were moving
Leaving a mess for Trump
I mean Powell stated they are cutting because current rates are still restrictive... He's said repeatedly before that they are walking a fine line and dealing with lagging indicators. I think he's cutting less to ensure progress is made to move the economy forward without giving oxygen to inflation to start burning again. Once DOGE starts cutting trillions of dollars off the budget, we're in good shape imo
They should still be raising the rates.
If it is actually Inflation they care about, they are actually worried about the interest expense on the National Debt getting so high that they cannot pay it with massive amount of fantasy money printing.
Makes you think he is doing this intentionally to make the new admin experience some resistance...
Everything is and still is getting worse day by day and over night
It will get worse when tariffs kick in.
@@scooter06rb Bro would you like to pay half of the taxes you pay now? You should be begging for tariffs.
@@LordRykard9376begging for tarries? 😂 Jesus, don’t show your idiocy so flagrantly
@@LordRykard9376 tariffs are a tax on imports. I am not rich enough to benefit from Trump's proposed tax cuts.
@@scooter06rb IF the tariffs kick in. tariffs on ME and CA are unlikely and so what will really have impact is the tariffs on China, if those are to happen
Lol I monitor inflation with the price of eggs 😂 I'm serious
Bird flu
@@imwrongbutlisten More Fauci nonsense.
$32 here for 5 dozen eggs in CA
@@TheGeorgeee13 5 dozen? So 60 eggs? Why not just measure it per dozen (12)?
@@lateralus6512 yeah 60 eggs is 5 dozen? What are you trying to say
Rates need to be cut because our Federal deficit is too high. Our Interest payment alone this year is already over $1 TRILLION! But Powell will not mention that as the reason for cutting rates because the Federal Reserve is suppose to be independent from the government. In reality, not really.
He believes the FED? Thats so cute.😂
Powell has the Karine Jean-Pierre starter pack, constant deflection, non answers, all he is missing is the giant 6” binder. Insane how out of touch these people are. Heads need to roll!
planning to go luigi?
If anything from anyone needs to roll. That's the current and new administration coming in. But a Mormon like yourself doesn't understand that.
The Fed is the one trying to keep things under control but Sleepy Joe and Humpty Trumpy make it hard
@@cometasporelcielonot at all, people in power need to look at the reality of the situation and current state that the average American is in because of their poor decisions.
They can’t relate to how we are living because they are up on a mountain. Think about it. Wake up.
We the people are in serious trouble.
Naw we good. The system is collapsing and with Trump at the helm, we have a chance to reduce government down to levels we haven't seen since the 1870s. Is it going to be painful? Sure. But we are going to be doing very well once we get out the other side.
@LordRykard9376 if we cut 100% of federal workers jobs it saves $280 billion a year. We need to cut $1.95 trillion to just balance the books 😂😂😂 we fucked
“We ThE pEoPLe” stfu that shit is cringy af
@@cultleader3572 They are trying to cut out a lot of the fluff too that they keep tacking on to these bills.
Trade has a lot to do with that 1.95 trillion deficit. Trump had been there before when the deficit was 1 trillion. Imagine those who screamed 1 trillion was bad.
It's time to abolish the Federal Reserve and replace the current fiat financial system with the Quantum Financial System
This is a yes or no question. Your answer?
Perhaps.
Let me know when its time. I have my pitch fork, feather pillow and bucket of tar waiting.
The reason the Fed is insistent on lowering interest rates is the federal government is having a difficult time paying their outstanding debt service from the treasury bonds.
Yet my bank cut my savings rate by .25% yesterday.
Makes me wonder if this was their plan all along.🤔
Yeah, webull has been cutting their apr by .25 as well.. I don't like it!
Same with Robinhood. They lowered my APY to 4.75%
Get a mutual fund. I get 12% return.
Of course it was
Most all of Congress are related to the Bankers.
It's all a scam. They will never admit it. End of story
Great show - employment was off by, what 1.5-1.9% (in the wrong direction) and inflation was off all this time. The books are sitting next to some Crisco.
The books are about to be cooked, lol
If their mouths are open they are lying
I heard different answers out of him then you implied.. i hear the direction is right over all and the progress has been good for the total year but right now its slowing down and they are just being cautious. Their projection is still that it will further improve deflation But all i heard you saying is that he said inflation will go up .
They aren’t stupid, they are lying to you. Since when has anything to do with money also included honesty.
💯
no wonder the stonk market drops 1000+ points yesterday
Profit taking & repositioning is all
It should be around 15K. It is so inflated.
Powell is incompetent to answer
They're cutting rates to help the big debtors.
commercial real estate and the Gov
@@jasona5806no! The people
Bingo! Thry are working to keep the wherehouses from going under.
Thanks for breaking everything down so thoroughly. Your content is excellent.
And people wonder why all the sudden there are ‘drones’ flying over Jersey.
“Look over there! Aliens wanna finally clean that joint up! Meanwhile, we’re gonna prepare our bunkers…”
he should be fired
Absolutely not, Powell has been doing a good job.
anyone who said transitory inflation in this position should have been fired long ago.
Can't be.
You have people struggling on bills of all sorts with no help but yet this govt can be all relaxed knowing things are getting worst
The more we suffer the greater profits they rake in. Sky high energy bills and property taxes. Tariffs are taxes; plus more taxes due on higher prices. Trump wasn't lying when he said this will be the most prosperous time in American history. Prosperous for the elite.
1:20 Gotta stay triple masked up in 2024.
Red Badge of Courage.
Black Friday and Christmas is why 😂 after Christmas you will see inflation go down
I'm a lone wolf analyst, and I was saying all along that back door public cash injections are preventing real rates from coming down. In fact it was well known that manufacturers have made price increments because they know the public had extra cash in their pockets because of the cuts . So its a vicious circle as manufacturers design new cash margin for profit either by removing items in boxes , shrinking the boxes , or hiding the items in the box with more air. I projected Dixie, back in 2022, at 114-118 when all the dust has settled and US 30Year yield topping out at about 7%. I still maintain that view meaning I saw common knowledge history being re-baked.
Be straight with me: are we at risk of entering a Depression?
the best question
No. worse. Hyperinflation.
No.
Word salad- Jerome is a master at it
JPOW messaging is all over the place... revising the job report by almost 1 million each time makes it really hard to trust anything he has to say.
Right now the Federal reserve is hagrid from Harry Potter saying, "I shouldn't have told you that..."
Yesterday's NAMBLA meeting must have been canceled for Powell to be answering so many questions
NAMBLA?