Federal Reserve Chair Powell testifies before the Senate committee on monetary policy - 3/7/24
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- เผยแพร่เมื่อ 6 มี.ค. 2024
- Federal Reserve Chair Jerome Powell is back Thursday on Capitol Hill, offering to the Senate Banking Committee his second day of congressionally mandated testimony on the state of the economy and monetary policy.
In an appearance Wednesday before the House Financial Services Committee, the central bank chief reiterated that he expects interest rate cuts later this year but did not specify when. Instead, he said policy moves will depend on incoming data, and there isn’t enough evidence yet that inflation is headed back to the Fed’s 2% goal.
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Federal Reserve Chair Powell testifies before the Senate committee on monetary policy - 3/7/24
Best theatre in town.
The greatest
Why aren’t they talking about the wars disrupting global trade, driving costs, sending our energy over seas for higher profits driving up energy costs domestically - why aren’t they talking about bank monopolies and the fund buying up entire swaths of neighborhoods to make entry level homes all rentals instead of ownership.
I can understand you bro
Rule of 72 for mortgage interest rates:
2.5% @ 30years= 2x purchase price.
5% = 4x purchase price
7.5%= 6x
These rates affect everyone!
😧 So crooked
Pure corruption!
Why people so mean to Jerome - Damn. Ball busters and inappropriate as hell
The people who created these problems act like they are our side. What a joke.
I cannot watch this.
Why are they talking about immigration to the fed ? This is a ridiculous statement by Scott. It’s not the right place and even more shows they don’t care to fix the problem.
They flooded the country with illegals because we didn’t have the population to fill labor jobs. The illegals filled labor jobs which helped the economy.
Because they cost us money. The Fed is printing money we don't have to take care of them. Hope this answers your question.
@@thrilledorkilled4958 the Fed doesn’t control immigration or have any say in immigration policy, which is why he asked that question! It’s not appropriate for the Fed to comment on those things. They analyze the data and set policy based on so many factors…which is why it is so important for them to remain neutral on politics!
@@thrilledorkilled4958 plus…the Fed isnt printing the money…our government is every time we dole out stimulus money we don’t have or forgive student loans for people that should have known better.
Because easy money bring inflation, and now immigrants get easy money from our government. While everyone is tightening to beat inflation.
Easy money meaning not brining labor/GDP to economy.
Most legal immigrants come with a job already.
AND, their (unusual big) numbers not into calculation numbers for FED? - was the question.
So much unnecessary posturing by these politicians. Powell has specific goals regardless of other policies! Why do they waste their time talking about things Powell doesn’t have jurisdiction over!! He constantly has to explain what his goals are and what the purview of the FED is!! So frustration to watch this!
they have to act like they're..doing something..
Not federal and no reserves. What a scam.
Chair Powell's testimony provides a valuable opportunity for lawmakers and the public to gain insights into the Federal Reserve's decision-making process and its impact on economic stability and growth.
Isn’t inflation also controlled by not printing trillions of dollars? The more legislation they pass and bills funded the more money we print the less value in each dollar
they are quantitative tightening now.
Warren: Why are you weakening the rules for the small banks when my bosses, the big banks are chomping at the bit to buy up and consolidate the banking sector?
Powell: My job is to rescue the smaller banks to secure the depositor's wealth, not to sack small business and citizens at the behest of your campaign contributors. 🤨
Big Banks got the bailouts, no one knows what the value of their services actually are now.
Excellent translation😆
@@stoneyplanet1979
Private school
Powell has got to go! as well as many of those on the committee. Imagine if there were people that understood economics, atni-trust and income inequality on the committee.
What caused Tim Scott's brain damage?
Strong job markets because many Americans are now working at least 2 jobs to keep the same living standard
Deflation benefits the poor and middle class.
Boba Fett, always an interesting take on things 😂
#CookieTax
That guy is a trip! 😆
Please rate cuts decision fast
Ask Jerome if the safe harbor addition to the uniform commercial code, article 8 (2005) will allow banks to take customer assets(cash,safety deposit box,stocks,etc) during acquisition(bankruptcy) process? Its already been done.lehman brother and JP Morgan(2009)
Will definitely happen again. Maybe in the next crisis there will be “bail-ins”
1:51:17 my guy said "you're not the controller of the currency"🤯
Securities and exchange commission's ninja move has no affect to the Bitcoin price
1:11 is priceless comedy lol😅
No Money... No Deals.. Freedom.
It's that ez
How empty is Fort Knox?
Best weapon against over pricing is for people to do the work to find deals, question costs, ask for additional competitive quotes and not just accept what they see or hear the first time! People are the best weapon! People have the power but they’re are convinced that they have no choice but to pay. I know so many people that find alternatives! They get creative because they have to be!! Human Innovation and creativity will always be the best weapon against rising prices!!
Over pricing doesn't happen in free markets, only in polticial economy where customer price signals are disrupted by artifically created monopoly. Biden is hiring even more for rent seeking disrupting price signals.
I feel like these Senators mouths are too damn smart
It is transitory ha ha
No positions on cryptos sadly. Thought someone would mention them at ATH and risks of banks etc getting behind something so volatile with no use case to back it (BTC has no use case)
The FR is folloing themselves if they believe they can fix employment through rising and falling % rates. It's not possible, since all economics are local.They cannot fix inflation in individual states or communities. Greenspan made all of this clear and was on the right mission by never mentioning a fix for employment. Also, at the current 6% food inflation, disposable income is done for the middle class, there isn't any left over, descretionary income is also very limited.
This is the first time I've ever heard an f-bomb in one of these hearings! Juicayyyyyyyy!
Rep Kennedy dropped it. Sucks when that's something to celebrate and even that didn't come true.
FED dollar is trash. They devalue your hardwork.
According to the World Economic Forum’s “The Future of Jobs Report 2020,” AI is expected to replace 85 million jobs worldwide by 2025. Though that sounds scary, the report goes on to say that it will also create 97 million new jobs in that same timeframe. No focus on this either.
It’s all talk.. if they wanted to fix inflation.. they could .. not just the USA.
The expensive imports from Germany are keeping track; but the cheap imports like from China have receded. Meaning that the affluent have no trouble affording, but the poorer have a lesser amount to spend. So, America is segregated and....I am color blind.
The cost of running the government, and the government expenditure in democratic countries are through the roof, they have to come down to fix the problems and it can be achieved if there is will but unfortunately, there is a lack of will.
2:09:04 The Fed does not print money.
The United States Congress Should impose a tax on all Funds borrowed from the Federal reserve; at the same time, the federal reserve should reduce the Fed rate by the amount of the tax.The United States Congress Should Impose a Tax on the Federal reserve itself, at the rate of Interest, only on dollars borrowed by The United States Government. This is Constitutional; while at the same time passing a Law requiring the United States Government to pay on the principal, at the rate of intrest; also requiring all Federal revenues from the tax on borrowed dollars from the Fed, to be paid on the Principal that is owed by the United States to the Fed.
Bla bla like you don't own stocks too.
They are all the best drama actors🤭
Market ko kuch to good news hai ? Or fresher create hone wala speech hai?
Biden mean b
Powel mean p
Bp
why didn’t anyone ask the question why Powell believes that a 2% inflation rate is the norm, why not 1%, why not 3%, what is the reason for this, where is the detailed answer
Bitcoin is not moving
You are full low interest pushes prices up
Illegal immigration is a scourge.. legal immigration is not.. raising legal immigration limits should help the economy
It only raises GDP which doesn't measure the health of an economy it only measures growth and nothing else.
The circus is in town and the clowns are the ones we voted for.
This is painful to watch.
Clueless. he doesn't shop very much? so he can't know if an $18.00 cookie is expensive?
Mr. Brown, you should step down. High interest rates are driving up home prices? Profound! Most things you said were opinions and outside the scope of Powells job. What a waste of time.
1:12:10 😂
buy bitcoin
Im tired of this dog and pony show these hearings are all talk nothing ever gets done.
Time & Date:09,March,2024.12:51;PM.Bangladesh Time_Sir, Federal Government Chair Powell.I ,EbrahimAppliction Office Joint Appiont Applay,Stay Village:521/2.SaidBaghDhaka:1217.Bangladesh.(a,President,job.)
Looking at His history with Israel as a template, it seems that God is willing to allow a civilization to slide a bit to show up the faulty, but relents to administering correction upon improvement in society's morality and ethic.
It is a time to bring the price regulation as inflation and shrinkflation and greedflation are totally out of control.
all that does is create shortages and even higher prices! please use discernment instead of emotion
The FED printed too much $$$. Congress, Senate & the President approved the stimulus.
Now, these same people are blaming businesses for gouging.
Do you not understand these people are just pushing propaganda? It's really that simple.
No, it will not. Even during a shortage, the prices would not go up, it will be on a first come first serve basis and not on who has more money to pay for it. In the current system, policymakers have no idea how their bad policies are causing havoc in the lives of ordinary people.
@@crazycommedian please tell us where this has ever worked??
In most developing nations such as India, Pakistan, and Bangladesh the prices of many commodities are regulated such as gas, petrol, diesel, sugar, wheat, meat, eggs, milk, and many other items and it is working without many issues. From time to time manufacturers and producers demand for price hike, but can do without approval from the regulatory body.
Mr,Your,Famaly Good,Police Good.Think Your.Commedmen.Time &Date:09,April,2024.I,Ebrahim.Htay,Dhaka:1217.Bangladesh.
Time to show Mr slow - Jerome Powell - the door - doing nothing for working Americans
It seems like capitalism is failing badly around the world. It is making the rich the richer and the middle class and the poor the poorer.
Thank your politicians
The problem is education. People are taught to be employees. We’re not taught to be entrepreneurs. Often by the time people discover this fac5, it is very difficult to change course.
What we’ve been experiencing is socialism. Capitalism allows people to fail. Nothing can fail in today’s economy because the fed will turn on the money printer.