Fed's Jerome Powell: Inflation remains too high and path forward is uncertain
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- Опубликовано: 30 апр 2024
- Fed Chair Jerome Powell speaks following the Federal Reserve's Federal Open Market Committee's decision to keep interest rates unchanged, and provides updates on the Fed's fight against inflation.
The labor market is doing strong only because people are working 2 to 3 jobs to afford to live
As someone who just started his 2nd job in order to afford housing, I agree haha.
White colour is suffering, and no business is debt financing therefore result laying off and hiring freezes.
@@Minos-ChargeWhite collar is struggling because of their own stupidity and greed. They artificially inflated pricing and cut jobs to inflate their profits and now are shocked We The People are done with it?
The fed has certainly made considerable stable HIGH prices for the American people. Good job
One bedroom apartment, no parking spaces $3500. Gasoline $7.00 per gallon. One dollar tacos, now $5.00 each. Biden and Kamala ; "The economy has never been better"
Deny deny deny!
tell a lie and lie often and it will become reality..... hitler..
How is thhat on Biden when you are looking on video on the person who did it which was appointed by Donald trump. He said inflation wasn't high so he didnt need to raise rates back then he also said it wa stationary and would fix it self and look at him now he was asked do this bu trump if u ask me
But but my realtor said 6 rate cuts 😂😂😂😂😂😂
A bunch of BLAH BLAH.... I'm so over all this crap the government is doing. No one can afford a house anymore with these insane interest rates.
And afford a apartment.
So from 6 rate cut to no rate cut.
This is THE END of first time home ownership and the slow death of the middle class in a generation.
And yet we are at a record of 62% of Americans owning houses.
@@snwbmhow many of those will lose their homes in a year or 2
You will eat the bugs.. and you will enjoy it
@@snwbm check the current sales
It’s expensive to be poor. American 1099 trucker earning 55k a year and working over 48 hours a week.
Then open up a company, get paid 1099 to business bank account, get business credit card, build credit and then buy your own truck/trailer on loan, and you won’t have to pay taxes and you’ll make more. Don’t be a victim, adjust. Or go into a higher paid trucking job, they are there but they include hard labor and increased risk. Complaining will do nothing for you.
Unsure and uncertain is all I hear….its all they know!
Huh so every American needs a 2% raise to keep up with inflation?
during covid it had a 23% increase in inflation, plus 6 the following year plus 5 the following year plus 5 plus 5 so total is like 40% in total since then. thats why you lost 40% of your purchasing power. a meal for two is bout 40-50$ now in california atleast. before it would be 20$ or so and it goes up over every year. if your job didnt increase by 40% then you've lost 40% over your income. thats why housing food utilities and gasoline prices keep going up priced exactly to how inflation has gone up. this also doesnt go down either unless people start getting their money and throwing it into the ocean and restart the fiat system to where theres no more circulating dollars which isnt possible.
you can fight it by buying stocks or bitcoin. your choice of weapon to fight. but people dont understand it nor will they precipitate in the fight. normal people just work and put into their 401k and pension which the 401ks and pensions use financial advisors to gamble with the money they put in and give them a matching mechanism.
@@kel2808inaccurate
Strong commitment to 2% inflation lol.
It’s averaged 11.9% for 4 years.
If rates can’t go down they have to go up.
No rate cut until 2034
How do you factor in the amount of money that will be put out of circulation in the US with every immigrant that did come to work and that will sacrifice themselves here to send much needed money back to their families in another country?
It is honorable to maintain their loved ones there, but every dollar earned here but not spent here is a deficit to the economy.
"2% over time" just means the Political Reserve will keep moving the goalposts to get Biden reelected.
That s not what ge said and it s too late for that
Pure BS!
Biden will get reelected because he's facing Trump.
Blah blah blah
Wow! Does the Federal Reserve not understand the extreme high cost increases of residential home prices and rentals, and food? Does the Federal Reserve not understand the connection between high interest rates and these high cost of living?
Where does 2% goal come from 😂
we can make it a 5% goal but then you would be homeless in 8 years
@@wall57805not if you increase wages by 5%
At least its under 3 lol
If JP had started increasing rates 12 to 18 months sooner we wouldn’t have a problem of this magnitude now.
Yes we would
Yeah, we still would.
what if he's wrong?
One good thing,the price of gold will drop, thanks FED 😂
just lower the rates , companies are still gonna keep raising prices
No rate cut. Those lunatics don't get it.
MAXIMUM EMPLOYMENT IS NOT LOW UNEMPLOYMENT lol FED is wanting the unemployment to go up and then they will consider cuts! He can’t say that but he did technically say it in this meeting.
This certainly sounds good too, but I think it's still worth considering more reliable options like copy trading platforms such as Eledator, for example.
I think another rate increase would be wise. Inflation is starting to look sticky and employment is strong enough to handle it.
He is like a robot saying the same thing over and over again
They brought it down from 9% to 3.5%.
@SantosSantos-bf5sz the major decrease happened by q3 of 2023 , all the rest of announcements are very similar and no change
@@prabinprabhakar4687 Greenspan was a cure for insomnia.
@SantosSantos-bf5sz I sleep quite well irrespective of what happens in the market as I am financially secure ..why don't u start prescribing medication as a side hustle to sleep well at night🙂
@@prabinprabhakar4687 I am fin secure too, and not a wall st leech.
Just raise it to 10 percent and we can see a massive drop in prices.
BASEL3 IS IMPORTANT TO FED..AND PART OF BASEL3 IS GOLD AS A TEIR 1 ASSET
Inflation target should be 0% for a few years to make up for the excessive inflation over the past 2-3 years. Make it average out.
Arrest this man.
Who is the blame of high inflation?
Priting more money without creating more goods, crate biger money suplay but not more products to spend on it. Buy take in out money out of the economy make money stronger and more valuable.
@@jhonybighorn7683 The name goes by the name start with Joe???
Brandon and his cohorts. Don’t forget to VOTE in November!
High interest rate causes high inflation, think of the good old days low interest rate & low inflation
I think Powell is dodging the issue of illegal immigration contributing to the increasing inflation with the taxpayers money being re-directed to sustain those migrants instead of utilizing those resources to offset other issues that are pushing inflation higher.
who cares what he is saying, lets go to 6,000 baby!!!
Goofy
iF YOU REALLY WANT TO SOLVE THE ISSUE PAUL, WHY DON'T YOU CLOSE THE FEDERAL RESERVE? BEFORE YOUR OFFICE WAS A THING THIS COUNTRY WAS DOING GREAT!!!
We had 2 major Depressions and multiple recessions before the Fed and bank accounts were not guaranteed. The fed uses a few tools for these mandates.
Before the Fed there were no tools and no mandates.
Hes the front man for the Trillionaire bankers who really run the world
@@snwbm For the pre-FED period (1790-1913), the average annual inflation was 0.4 percent. Meaning the mandate "keep prices stable" was guaranteed by the legit FREE MARKET. The biggest depressions:
Great Depression of the 1930s, the stagflation of the 1970s, or the financial crisis of 2008 which led to ~25% unemployment, happened with FED in charge. What are you exactly saying is the benefit of an entity that steals the economic energy of the average Joe by creating money out of thin air, and it is not federal, nor has any reserves? Please elaborate.
The labor market isn't strong for many highly skilled technical professions. Too many base level jobs, too few jobs for the highly trained.
Incredible that people give this Gov official any credibility. If you need to take out alone because of a few basis points or if your investment decision is based on this - U ARE INVESTING IN A OVER PRICED MARKET & U WILL PAY AT THE END.
Everything is marked-up no laughing matter of you ask speaking for all of us on fixed income 😢😂
After these all market are collapse
Inflation is accumulative, your money is worth 20% less than just three years ago . Blame it on whatever you want but poor people are being destroyed by inflation. Inflation is a tax on the poor . You could say inflation is a 20% tax on the poor .
This is a secret signal cough to his pals 0:53
Definitely seemed so
Lies
Jerome is fighting inflation himself - the president is sleeping lol
🕊🕊🕊
Well at least Migrants, Ukraine, and Israel are getting major help.
genz is dead with high 1000% up in every asset all worth nothing.
Cap profit margins. No more 1000% markups
You can get AI to generate a deep fake... But man when it comes to numbers... Way too hard for AI. They're just not good at numbers. 😊
Bakdoor rate cut by slowing the runoff. All for the benefit of Uncle Sam who can't stop borrowing.
Bitcoin
He saying a bunch of nothing!!!
I always got fired, when I screwed up on the job. Will all these wall st pundits, media shills (eating your own vomit), stock brokers,etc lose your jobs? HAHAHAHAHA, not. The deafening 24/7 chorus (Thanks to Bloomy) vomiting ad nauseam,for months . 5 OR 6 RATE CUTS THIS YEAR?, can choke on your own words. PIVOT, RATE CUTS, PRINT. Back to the drawing board, and report on how you still have jobs, eating your own vomit.
BS, LIFE was BETTER under TRUMP!!!
VOTING PRESIDENT TRUMP 2024!!! PERIOD!!!
Capitalism collapse
buy BTC while these boomers continue to break the economy
It could be the 100 billion dollars you just gave to Ukraine 😑
What if the smallest monetary units were not printed by a central Bank, were very resistant to Censorship, had a Fixed Supply which would become exponentially more different to change over time and also had increasing Purchasing Power over time 🤔😯😲🤯🤠🥹🤠🍊🍊🍊. What if everything was priced in these units and Published on the Blockchain that was also very resistant to Censorship. i wonder what the value of that Monetary System would be and the Value of the Sovereignty produced by it...would i care what any Central Bank would do or say in such a System ?