Fed Chair Powell: This is no longer an overheated economy

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  • Опубликовано: 7 ноя 2024

Комментарии • 64

  • @ParkerRoyce-ni5pw
    @ParkerRoyce-ni5pw 4 месяца назад +5

    Fed Chair Powell just testified before the House, and the stock prices plummeted. It's incredible how much influence one person can have over the entire economy. As the head of the Federal Reserve, Powell's words can send shockwaves through the market.

    • @Stevierockie
      @Stevierockie 3 месяца назад +5

      Absolutely, his testimony can affect interest rates, inflation expectations, and overall market confidence. If the market perceives his statements as negative or indicating tougher times ahead, it reacts almost instantly.

    • @RockRex-lx7lg
      @RockRex-lx7lg 3 месяца назад +5

      That's why having a good financial advisor is so crucial. They can help you navigate these turbulent times and make informed decisions. I remember last year when Powell hinted at interest rate hikes. My advisor, Desiree Ruth Hoffman, had already warned me and adjusted my portfolio accordingly. It saved me from a lot of potential losses.

    • @SantosCliff
      @SantosCliff 3 месяца назад +5

      Desiree Ruth Hoffman? I've heard a lot about her recently. People say she has an uncanny ability to predict market movements. With everything going on, it's reassuring to have someone who can give you a heads-up on what's to come.

    • @ParkerRoyce-ni5pw
      @ParkerRoyce-ni5pw 3 месяца назад +5

      Yeah, she’s been fantastic for my investments too. When Powell's testimony today hinted at a possible economic slowdown, she had already positioned my assets in more defensive stocks and bonds. It's about being proactive rather than reactive.

    • @Stevierockie
      @Stevierockie 3 месяца назад +5

      It’s not just about reacting to the market; it’s about being prepared for different scenarios. A financial advisor like Desiree can provide that foresight. When Powell speaks, he’s essentially providing a roadmap for where the Fed thinks the economy is heading. Understanding and acting on that information can make all the difference in your financial health.

  • @thomasmanning829
    @thomasmanning829 3 месяца назад +1

    The economy is not too hot now? Like before Covid? How about prices? When will they go back to before Covid?

  • @Seanpfree
    @Seanpfree 4 месяца назад +2

    "TRANSITORY"
    That should remind us all the FED NEVER does anything on time. They are their own lagging indicator.

    • @Fried52
      @Fried52 4 месяца назад

      It all depends on your definition of transitory. It used to be about 3-5 years. Now people think of long term is 6 months to a year. It used to be 6-10 years or longer.

  • @granola_mall
    @granola_mall 4 месяца назад +1

    Are you working only for America or only for the rich upper class? Why do countries around the world, other than the United States, continue to use policies that turn your neighbors into beggars?

  • @scottsavage6798
    @scottsavage6798 4 месяца назад +2

    In real world inflation 30% to 20%. Only in the white house or prison is there no inflation.

    • @Fried52
      @Fried52 4 месяца назад

      Another Trump University grad are you?

    • @eltiowarren
      @eltiowarren 3 месяца назад

      Things are 30% more expensive today than 11 July 2023? Wtf do you smoke

  • @grandmiserthe3rd434
    @grandmiserthe3rd434 4 месяца назад +2

    Wall Street doesn't seem concerned that no one knows who's running the country ......!!!

    • @wanderingmako
      @wanderingmako 4 месяца назад +2

      It's Jerome Powell!

    • @bitcoindaddy1
      @bitcoindaddy1 4 месяца назад +1

      Who’s running Jerome Powell?
      Banks

    • @Fried52
      @Fried52 4 месяца назад

      Sounds like you missed one of the best bull runs the market has had in years. S&P up 40% since Oct.

  • @Jackson-l3r
    @Jackson-l3r 4 месяца назад

    Imagine I make a pot of bean soup meant to feed 50 people, enriched with plenty of beans. Before serving, I scoop out a significant portion of the beans for myself and then add water to bring the soup back to its original level. This diluted soup now lacks the same nutritional value it initially had. This is a roundabout way of illustrating how the fiat monetary system operates today.

  • @thomasmanning829
    @thomasmanning829 3 месяца назад

    Are Americans still subsidizing tobacco? What else?

  • @Lovemy911
    @Lovemy911 4 месяца назад

    The Data shows whatever the Fed decides .......😮
    They make the rules!

  • @chrischoir3594
    @chrischoir3594 4 месяца назад

    now it is just an overpriced economy

  • @BentleyDonna
    @BentleyDonna 4 месяца назад +8

    I'm favoured $130k every 4 weeks! I now have a good house and can afford anything and also support my family

    • @WebsterVissel
      @WebsterVissel 4 месяца назад

      Wow that's huge, how do you make that much monthly?
      I'm 37 and have been looking for ways to be successful, please how??

    • @BentleyDonna
      @BentleyDonna 4 месяца назад

      Yeah, since meeting expert Evelyn, I now agree that with an expert managing your portfolio, the rate of profit high, with less risk.

    • @BentleyDonna
      @BentleyDonna 4 месяца назад

      I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance

    • @SarahCunningham-yo9fb
      @SarahCunningham-yo9fb 4 месяца назад

      She's a licensed broker here in the states.

    • @VeraBrandt-ln9po
      @VeraBrandt-ln9po 4 месяца назад

      😱Sounds familiar, I have heard her names on several occasions.. And both her success stories on wall street journey!

  • @erichvonmolder9310
    @erichvonmolder9310 4 месяца назад

    We are almost at interest rates cuts mode. I think he could have done it this month, but he needs more data going the right way - I get it.

    • @eljefe5858
      @eljefe5858 4 месяца назад +1

      Or they will do it on sept or as christmas gift for who ever wins.

    • @robertbrown1021
      @robertbrown1021 4 месяца назад

      No cuts this year, he said 2% is the goal not 2.6%

  • @bradleyo2098
    @bradleyo2098 4 месяца назад +1

    Get ready for hyperinflation. Hope everyone has canned food

    • @theunbearablebull
      @theunbearablebull 4 месяца назад

      If it does happen, it'll probably take over a year or 2 to reignite.

    • @Fried52
      @Fried52 4 месяца назад

      LOL LOL LOL

  • @harrychu650
    @harrychu650 4 месяца назад +3

    There was never an overheated consumer economy, the problem had to do with supply chain issues and wars created by the US Administration that disturbed energy markets then enormous government spending that functioned as a wealth redistribution process for the administration's cronies around the world.
    You cannot fix a problem that you refused to acknowledge. you have to vote this administration out to bring back normalcy.

  • @mmercato7174
    @mmercato7174 4 месяца назад +5

    Cuts incoming !

    • @robertbrown1021
      @robertbrown1021 4 месяца назад

      2025 possible cuts, 2.6 to 2% will take another 6 months to a year... He will hold tight until he is 100% sure

    • @4563-o1l
      @4563-o1l 4 месяца назад

      GROY TMC and AG 🚀🚀🚀

  • @wojciechuszcz6955
    @wojciechuszcz6955 4 месяца назад

    #KARRAT business partner with #NVIDIA massive pump around the corner 💥💥💥💥 soon 50$ for one coin 🚀🚀🚀🚀🚀 #KARRAT project number one definitely soon massive blast 🌋🌋🌋😱😱😱😱😱😱😱😱

  • @abgzulkifli
    @abgzulkifli 4 месяца назад

    Really, its good