LIVE: Federal Reserve Chairman Powell speaks after quarter-point interest rate cut

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  • เผยแพร่เมื่อ 18 ธ.ค. 2024

ความคิดเห็น • 57

  • @julianakindl3467
    @julianakindl3467 3 ชั่วโมงที่ผ่านมา +10

    And yet people just don’t understand, how life is.. and how we are doing better than other places in the world.. We are better off . i am fearful for our future

  • @kinsley7777
    @kinsley7777 3 ชั่วโมงที่ผ่านมา +7

    it’s baffling how he said all that with a straight face …
    then again, maybe it’s really not 🙄

  • @irenegriego2446
    @irenegriego2446 3 ชั่วโมงที่ผ่านมา +5

    Job market is tight ,people are still loosing there jobs,having a hard time getting a job

  • @kathytalley5001
    @kathytalley5001 5 ชั่วโมงที่ผ่านมา +9

    What about all these big retailers applying for bankruptcy also restaurant are applying for bankruptcy and closing. Boeing is laying off 17,000 people.

    • @AlmaMercer
      @AlmaMercer 3 ชั่วโมงที่ผ่านมา +1

      Like I said the numbers are not real we're living this we see what's going on

    • @markadams5823
      @markadams5823 3 ชั่วโมงที่ผ่านมา +1

      I don't want to talk about Boeing's quality. They are trying to shut themselves down

    • @AlmaMercer
      @AlmaMercer 59 นาทีที่ผ่านมา

      @markadams5823 possibly for me a Monopoly That's what's happening in America a handful of companies own it all

  • @my101209
    @my101209 3 ชั่วโมงที่ผ่านมา +5

    Well all I know is that my business will be up and going in 2025 and I'm looking forward to having the minimum of 25 employees in my small business.

  • @franklinhernandez683
    @franklinhernandez683 5 ชั่วโมงที่ผ่านมา +8

    Thank you sir in other words we in schitt's Creek

  • @franklinhernandez683
    @franklinhernandez683 5 ชั่วโมงที่ผ่านมา +7

    Somebody commented down below me that he's a brave man I guess so if you got the balls to go in front of America and double talk and tell him the biggest lie ever that everything is so great

    • @susandecker6351
      @susandecker6351 4 ชั่วโมงที่ผ่านมา +1

      No one said that everything was great. You just choose a narrative according your circumstance.

  • @lorifaust9874
    @lorifaust9874 5 ชั่วโมงที่ผ่านมา +14

    Significant progress for 2 years. No trump

    • @atedinahalf6288
      @atedinahalf6288 4 ชั่วโมงที่ผ่านมา

      We're on the brink of ww3 with a collapsing government.
      You- process baby

  • @PeterBerarducci
    @PeterBerarducci 5 ชั่วโมงที่ผ่านมา +9

    Home prices are 150% higher than 4yrs ago

    • @dlhayasan
      @dlhayasan 3 ชั่วโมงที่ผ่านมา

      You weren’t buying a house why are you so concerned?🤷🏽‍♀️🤣

    • @JohnTommy-q1h
      @JohnTommy-q1h ชั่วโมงที่ผ่านมา

      Well Biden is the worst president un history. So no surprise here

  • @atedinahalf6288
    @atedinahalf6288 4 ชั่วโมงที่ผ่านมา +3

    Get rump for me being overweight and the one time i pushed my sister down the stairs and blamed it on the dog. That was trump too.

  • @raylopez8445
    @raylopez8445 5 ชั่วโมงที่ผ่านมา +4

    Powell is a Jonah. The longer he spoke the lower the market sank.

    • @LeonGreen-uf2nc
      @LeonGreen-uf2nc 2 ชั่วโมงที่ผ่านมา

      Wait till Donald Trump get in the office. Wait till the convicted felon and all those people. He selected at work in the office. It's gonna be worse than it when he bring his ass in

  • @kathykerby2056
    @kathykerby2056 5 ชั่วโมงที่ผ่านมา +3

    A brave man, unlike Gray.

  • @Yep_That_Guy
    @Yep_That_Guy 3 ชั่วโมงที่ผ่านมา +1

    Abolish the Fed

  • @RobertBush-cb1gz
    @RobertBush-cb1gz 4 ชั่วโมงที่ผ่านมา +1

    This guy suffers a disconnect from reality - The Fed is a private corporation and it isn't our debt - It is his debt.

  • @AliceHLin-l7j
    @AliceHLin-l7j 5 ชั่วโมงที่ผ่านมา +5

    "employment is lower, inflation is higher" at the end of harris' authority; donot let harris sit on the key position that related to the US people's lives. Actually we donot have a full time president in these years

    • @susandecker6351
      @susandecker6351 4 ชั่วโมงที่ผ่านมา

      Poor trumper

  • @williamhultz1799
    @williamhultz1799 4 ชั่วโมงที่ผ่านมา +1

    All that's good but what about balancing the budget????😢

  • @markadams5823
    @markadams5823 3 ชั่วโมงที่ผ่านมา

    Interest rates should have been cut a year ago

  • @ingridgrattidge5887
    @ingridgrattidge5887 ชั่วโมงที่ผ่านมา

    Thank you for your reporting. Most appreciated.

  • @rp1268
    @rp1268 3 ชั่วโมงที่ผ่านมา

    Why cut?

  • @jorgesolis7891
    @jorgesolis7891 5 ชั่วโมงที่ผ่านมา +2

    And how you plan to do this with a Central Bank broken....?😊
    How are your reservers
    Solid but what about Great...? 😮

  • @Alfr3d-p6t
    @Alfr3d-p6t 5 ชั่วโมงที่ผ่านมา +2

    Watching from the Philippines.

  • @davidk.1089
    @davidk.1089 2 ชั่วโมงที่ผ่านมา

    Why do i need to review my AP macro economics textbook to try to understand what he is saying? This is the problem with our system. Finance has a different lingo. Then they screw with your money.

  • @Kenneth-n3x
    @Kenneth-n3x 5 ชั่วโมงที่ผ่านมา

    Where's all this cheap money going 😂😂😂😂😂hahahaha hahahaha hahahaha

  • @ingridgrattidge5887
    @ingridgrattidge5887 ชั่วโมงที่ผ่านมา

    How will tariffs affect inflation if the tariffs on Canada, Mexico and China are implemented as the Trump Administration has stated? Can you answer this ? Rather than just say you are just thinking about this, could you perhaps give an example of what perhaps a specific percentage of tariffs , whatever percentage, looks like.

  • @AlmaMercer
    @AlmaMercer 3 ชั่วโมงที่ผ่านมา

    Yeah we know steps 25 like I said they jump four times at 25 now they're going to go down still not going to help people buy houses with the rates that high have your interest would go just paying for the loan

  • @CLASSICRED123
    @CLASSICRED123 ชั่วโมงที่ผ่านมา

    What we have here on our land called America has been excavating gold, water, and oil. We had once upon a time family owned parcels of land and a lot of space to sow seed and farm, explore and walk on land under God of the Heaven and the Earth. A person had been more free. A person had sown the seed for food upon the table. Maybe greed, expansion, and the growth of the wealthy helped themselves a lot with the giving of the rule of Law, regulations, and policies but our safe spaces needed within that one safe space called a home the place for comfort and rest. But now most is owned by others using the rule of Law, regulations, and policies. Poor "poor" pour Jesus is risen upon our whole hearted faith the truth the healing and the breath to life for I ask for us all.

  • @ritzritz-i9d
    @ritzritz-i9d 5 ชั่วโมงที่ผ่านมา

    Buenas tardes.Comprendo sumamente importante tratar para el mundo sobre la criminalidad, asechos y delincuencia. Muchas gracias.😢

  • @SawNyein-i4f
    @SawNyein-i4f 5 ชั่วโมงที่ผ่านมา

    USA

  • @jorgesolis7891
    @jorgesolis7891 5 ชั่วโมงที่ผ่านมา

    Tax in Chinese products seem to be working good..., so far.....
    I notice yesterday, when i had a last minute need for one of their items soldat my local Walmart....,it surprised me, thought inflation, just inmediate reaction,...but, inmediatly, i remember the origen of the product, then once more relaxed, i saw it ir was the tax on the origen.... 🎉

  • @jackdavis8701
    @jackdavis8701 5 ชั่วโมงที่ผ่านมา +3

    What a loser he crashed the stock market on purpose right now because he cares more about politics than the economy. FIRE HIM

  • @khalidfadel4693
    @khalidfadel4693 4 ชั่วโมงที่ผ่านมา +1

    From 1913 they are repeating this same story :
    Honestly How can someone listen this garbage, is just humiliating and insulting the intelligence of millions of citizens not only in US and the world with pseudo economy ponzi scheme monetary system ....etc he said the corn determine inflation, that is madness , you know you consider the citizen as cows and ships what this kind of economist is this one. just frustrating look : the fundamental design of fractional reserve banking, inflationary mechanisms, debt cycles, and the inherent flaws in many monetary systems. I'll break down this argument systematically, demonstrating how these concepts lead to systemic collapse over time, and why mathematical or pseudo-solutions can't resolve the inherent flaws. Fractional Reserve Banking and Debt Creation Fractional reserve banking operates on the principle that banks only need to keep a fraction of deposits in reserve, lending out the rest to borrowers. This leads to an increase in the money supply without a direct increase in real wealth, and the creation of debt that isn't backed by real assets.Frenetic Inflation and Debt Dynamics As debt rises, the purchasing power of money decreases due to inflation. This relationship is problematic in fractional systems because the money supply increases without an equivalent increase in goods and services. As inflation rises, so does the real burden of debt.The Vicious Cycle of Debt and Inflation As governments face mounting debt, they often resort to increasing the money supply (inflation), cutting interest rates, or spending more to stimulate the economy. These measures are intended to increase short-term growth but often exacerbate long-term issues. Let’s break down the vicious cycle: Debt Creation: Governments and banks issue debt to finance deficits or growth. Inflation: The increase in money supply dilutes the value of money, leading to inflation. Debt Repayment Issues: Inflation makes it harder to pay back nominal debts, but governments still need to service the debt. Interest Rates Cuts: In response to debt burdens, central banks reduce interest rates, which encourages borrowing but increases the money supply, exacerbating inflation. Deflationary Pressure: Eventually, too much debt and inflation can lead to a collapse in confidence, triggering a deflationary spiral or hyperinflation, depending on the economic conditions.Pseudo-solutions and Their Failures Now, let's look at the various "solutions" or pseudo-solutions that are often proposed to resolve these systemic issues, and why they fail: Export-Driven Growth: Relying on exports to drive economic growth assumes that there will always be demand for exports. However, if other economies are also relying on exports or experience recession, this can lead to a global economic slowdown. The fallacy here is thinking that export growth can infinitely fuel the economy, while neglecting the fact that global trade is a zero-sum game - for one nation to have a trade surplus, others must have deficits. Taxpayer Burden: Increasing taxes to service debt is often proposed, but this places a strain on the productive capacity of the economy. Higher taxes reduce disposable income and consumption, leading to lower demand and potential stagnation. The fallacy is that taxes don’t stimulate production - they reduce the capacity for private investment, leading to lower overall economic activity. Interest Rate Cuts: Central banks often cut interest rates to stimulate investment. However, when rates are already low (near zero or negative), this becomes ineffective, and can even cause distortions in asset markets, creating bubbles. The fallacy is that artificially low rates prevent necessary market corrections and lead to misallocation of capital, ultimately worsening financial imbalances. Government Spending and Stimulus: While short-term government spending can stimulate economic activity, it increases debt levels. This form of "printing money" creates a debt trap where the government borrows more to pay for the previous debt. The fallacy here is that increased debt can never be sustained indefinitely, as it will eventually lead to hyperinflation or a default crisis.Inherent Collapse of the System The intrinsic problem with the fractional reserve system, combined with inflation and debt accumulation, is that it is inherently unsustainable. The system requires continuous growth (through debt and money creation), but that growth is not backed by real productivity. Mathematically, there is no equation that can solve the problem of exponential debt growth and inflation without leading to a systemic collapse. Economically, the system creates artificial wealth through debt, but this wealth is not grounded in real value. Eventually, the debt burden becomes too high, and the economy collapses under its own weight. In essence, the system is designed to collapse because it doesn't produce real wealth - it only produces more debt and more inflation. You can "extend and pretend" for a time, but eventually, the limits of this system are hit.Conclusion: No Mathematical or Economic Solution The fractional reserve banking system, in conjunction with the principles of inflation, debt, and interest, creates a model that is inherently unstable. There is no mathematical equation or economic theory that can resolve the deep systemic flaws because the system is designed to rely on constant growth, which itself is unsustainable. The collapse isn't a matter of "if" but "when," as the system ultimately cannot maintain itself indefinitely. The core issue is that debt grows faster than real wealth, and solutions based on the same principles (rate cuts, stimulus, etc.) only delay the inevitable. Thus, pseudo-solutions merely offer temporary relief but do nothing to address the underlying structural problems. Ultimately, the system will collapse, not because of external factors but due to the very nature of how fractional reserve banking and inflation-based debt models function.

    • @susandecker6351
      @susandecker6351 4 ชั่วโมงที่ผ่านมา

      Nice copy and paste. Can you come up with a source now?

    • @khalidfadel4693
      @khalidfadel4693 4 ชั่วโมงที่ผ่านมา

      it is just my writing, thank you

    • @Alivebutnot
      @Alivebutnot 4 ชั่วโมงที่ผ่านมา

      2026 crash a comming 😮

    • @khalidfadel4693
      @khalidfadel4693 3 ชั่วโมงที่ผ่านมา

      i started to write my book this year 2024 ,here is a brief summary which you can do research on it , i am sorry if my comment was really too long thank you again : The Core Issue: A Broken Monetary System
      Fractional Reserve Banking: Banks lend most deposits, inflating money supply without increasing real wealth, creating systemic debt.
      Debt and Inflation: Debt rises; money loses value. Inflation burdens repayment, perpetuating financial instability.
      The Vicious Cycle: Governments issue debt → inflate currency → struggle with repayment → cut rates → repeat.
      Export Myth: Export-driven growth assumes infinite global demand-unsustainable when other economies face recessions.
      Tax Burden: Higher taxes stifle consumption, reducing economic activity and private investment.
      Interest Rate Manipulation: Near-zero rates distort markets, creating bubbles, not stability.
      Stimulus Traps: Short-term government spending grows debt unsustainably, risking hyperinflation or defaults.
      Artificial Growth: The system demands perpetual growth-debt outpaces productivity, driving instability.
      Pseudo-Solutions: Rate cuts, taxes, or stimulus delay collapse but fail to address root causes.
      Systemic Flaws: Fractional reserve banking creates debt-backed artificial wealth, not real value.
      Consequences of a Flawed System
      Economic Collapse: Eventually, debt overwhelms the system, causing hyperinflation or deflation.
      No True Fix: Mathematical solutions fail as debt grows exponentially, defying sustainable growth.
      Debt Overload: Reliance on debt for growth ensures eventual default or financial crisis.
      Inflation Spiral: Excessive money printing undermines trust, leading to systemic failures.
      The Negative Side of Tariffs
      Higher Consumer Costs: Tariffs increase prices on imported goods, reducing purchasing power.
      Retaliation: Trading partners impose counter-tariffs, hurting exports and escalating trade wars.
      Economic Inefficiency: Protectionist measures distort markets, leading to resource misallocation.
      Slower Growth: Increased costs and reduced trade volumes weaken global economic growth.
      The Fundamental Problem
      Unsustainable Model: Fractional reserve banking and inflation inherently destabilize economies.
      Structural Reform Needed: Without addressing debt, inflation, and trade barriers, collapses are inevitable.

    • @khalidfadel4693
      @khalidfadel4693 3 ชั่วโมงที่ผ่านมา

      i started to write my book this year 2024 ,here is a brief summary which you can do research on it , i am sorry if my comment was really too long thank you again : The Core Issue: A Broken Monetary System
      Fractional Reserve Banking: Banks lend most deposits, inflating money supply without increasing real wealth, creating systemic debt.
      Debt and Inflation: Debt rises; money loses value. Inflation burdens repayment, perpetuating financial instability.
      The Vicious Cycle: Governments issue debt → inflate currency → struggle with repayment → cut rates → repeat.
      Export Myth: Export-driven growth assumes infinite global demand-unsustainable when other economies face recessions.
      Tax Burden: Higher taxes stifle consumption, reducing economic activity and private investment.
      Interest Rate Manipulation: Near-zero rates distort markets, creating bubbles, not stability.
      Stimulus Traps: Short-term government spending grows debt unsustainably, risking hyperinflation or defaults.
      Artificial Growth: The system demands perpetual growth-debt outpaces productivity, driving instability.
      Pseudo-Solutions: Rate cuts, taxes, or stimulus delay collapse but fail to address root causes.
      Systemic Flaws: Fractional reserve banking creates debt-backed artificial wealth, not real value.
      Consequences of a Flawed System
      Economic Collapse: Eventually, debt overwhelms the system, causing hyperinflation or deflation.
      No True Fix: Mathematical solutions fail as debt grows exponentially, defying sustainable growth.
      Debt Overload: Reliance on debt for growth ensures eventual default or financial crisis.
      Inflation Spiral: Excessive money printing undermines trust, leading to systemic failures.
      The Negative Side of Tariffs
      Higher Consumer Costs: Tariffs increase prices on imported goods, reducing purchasing power.
      Retaliation: Trading partners impose counter-tariffs, hurting exports and escalating trade wars.
      Economic Inefficiency: Protectionist measures distort markets, leading to resource misallocation.
      Slower Growth: Increased costs and reduced trade volumes weaken global economic growth.
      The Fundamental Problem
      Unsustainable Model: Fractional reserve banking and inflation inherently destabilize economies.
      Structural Reform Needed: Without addressing debt, inflation, and trade barriers, collapses are inevitable.

  • @jimcatanzaro7808
    @jimcatanzaro7808 2 ชั่วโมงที่ผ่านมา

    There are no jobs

  • @jonerlandson1956
    @jonerlandson1956 2 ชั่วโมงที่ผ่านมา

    true freedom is when people can segregate themselves...