Fed Chair Jerome Powell testifies before Senate Banking Committee on monetary policy - 6/22/22
ฝัง
- เผยแพร่เมื่อ 6 ต.ค. 2024
- The Senate Banking, Housing, and Urban Affairs Committee holds a hearing on the semiannual monetary policy report to Congress. Federal Reserve Chairman Jerome Powell testifies before the committee on fighting inflation and the state of the economy.
» Subscribe to CNBC TV: cnb.cx/Subscri...
» Subscribe to CNBC: cnb.cx/Subscri...
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedI...
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/Instagr...
#CNBC
#CNBCTV
Fed Chair Jerome Powell testifies before Senate Banking Committee on monetary policy - 6/22/22
Inflation is created in Wanshington DC and by The Fed. Printing trillions of Dollars "stimulus" is the root of current increase in prices.
Building more housing😂. What about regulating investment companies such as Black Rock from buying up all affordable housing from consumers by offering excess in price which caused excess overpricing in housing causing this housing bubble.
Despite the huge drop in crypto and fx, I still make good withdrawals. I don't believe that profit making is not possible despite the drop in stocks when you got good mentorship
Talking about passive income and investment, I will go with crypto currency
Cryptocurrency is one of the best investment one can make and build wealth for their future
@Jung Hwan Well with the crypto currency market favorable as it is, investing now wouldn't be a bad choice.
Bitcoin is the future, investing now in it will be the wisest thing to do especially with the current rise.
Yes investing in Bitcoin with the help of an expert is the best and more profitable
What a load of baloney. For us to expect to sell $3 Trillion in treasuries in 3 years or for a 3% Federal Funds Rate to bring inflation down to 2% from 8.6% is absolutely crazy. I don't know if this rhetoric is to keep the markets from panicking.
I just listened and I could tell when a Democrat spoke and and a Republican spoke. Fed needs to keep raising rates and let the bankruptcy begin for leveraged players and corps. No soft landing.
The soft vs hard landing is referring to middle class losing their jobs as the fed intentionally wrecks the economy to try to get oil prices back down the hard way.
Liars, crooks, thieves,traitors, cowards, sell-outs, deceivers, are words that come to mind when I think about this meeting.
You’re insulting crooks, thieves, traitors, etc. at least they serve a purpose in life.
@@sysuiu4533 It's like a virtual visit to the circus.
They are just the face of greed, which we all have. Our reactions to others is a reflection of ourselves.
The Fed is partially responsible keeping interest rates low for so long but the spending habits of the Democratic party and the printing currency has created a saturated dollar and its value has reflected in the purchasing power. The stockmarket has been leverage up for ten years on cheap money inflated prices or created the largest ponzi play in history.ALL MANIPULATED, MANUFACTURER BY DESIGN CREATED INFLATION. WALL STREET CAPITALIZE ON THIS PLAY AND NOW MAIN STREET IS PAYING THE PRICES. ACTUALLY THE TRUE RATE OF INFLATION IS 20PERSENT OR HIGHER. KEEP VOTING THESE WACKED OUT DEMOCRATS BACK IN OFFICE AND CRY WHEN YOU CAN'T PUT FOOD ON YOUR TABLE.THIS IS POLITICAL THEATER FOR THE INEPT.
@@garymiller4141 A
So true. Just think of all the seniors that are getting their life time of work and savings wiped out by inflation at a time when they can't recover.
Shameful. Let's go Brandon.
Unpopular opinion, end the sanctions on Russian oil. Sanctions are only hurting the countries that enacted sanctions, Russia is still happily selling oil to China, India, etc. but hey lets cripple ourselves just because we want to feel good.
The reason our gas prices have been going up is biden and him ALONE. He signed his horrible policies January 2021, removing oil subsidies, which made gas cheaper for middle class. He has shut down 50% of our oil production! The supply is low and demand is still high. This is because of bidens policies and gas then went higher because of the sanctions.
question, if the oil is being happily being sold to people who would buy it anyway....then why is the price still going up?
@@dekumutant Because there is still the exact same demand for oil but the third largest producer in the world is no longer supplying that demand, and it isn't even their choice to not sell to us, we're refusing to buy it.
Do you promise NOT to allow members of the fed to play the stock market?
Yeah right, the day that happens is never
The FED always blaming the little guy saying we need to lower wages while living the life and getting raises left and right when do we the people put a Stop to this
Why do we blame Russia for fuel prices but not sanctions from the west?
idk lol i guess you can argue that since they invaded we had to place sanctions and that’s how you morally justify the raise in prices but no one ever said we had to sanction them. kinda feels like they’re just shifting all the blame to russia but idk
because we would be at total war
Sanctions made it worse, but the price of oil was already rising before the invasion. Most Americans don't understand this.
@@Jonathan-os5eo yes this is true, it was trending up with a brief plateau in February before exponential increase. One of the gentleman brought up biden policy for the initial increase, sanctions taking charge since February?
is the lady sitting behind Mr. Brown going commando?
Abolish the FED
Return to gold standard!
Would be a disaster
@@eyeofthetiger7 Oh yeah. Who would manage the terrible spending decisions made by congress?
As much as the FED cocked it up with rates, poor Papa Powell having a ROUGH time right now with the finger pointing!
All bad theature. This is crazy: "I now have the task to you have presented to me to reduce inflation." How about the "task" you performed in creating this mess in the first place? Had Chairman Powell not acquiesced to administration's demands to wreck the economy and put US citizens in cross-hairs we wouldn't be where we are today.
Everyone gets the blame, but his corrupt ass!!
Two big old thumbs down to Powell.
yeh, Mr Tillis- when you print 8.8 trillion for wall street and fat corporation that does not affect or raise your eye brow but few dollars to everyday worker is your concern for inflation , how hipocraratic is that !!
Why didn’t anyone think about not spending when they sent Ukraine the 40 billion dollars ?
How come freezing spending is a good thing when it comes to us here in our country!
Increasing money supply here is gonna drive the prices more. Sending overseas is going to take some time to get back to USA
@@TheZubairshakeel No wonder they want a reset.
There’s no way out of this planned mess because it really needs to be deconstructed.
The only way is a Jubilee year.
All debts forgiven.
Wiped clean.
Start fresh. (With new players)
Because we don't use the same things as Ukraine like- food, fuel and medicine.
Nailed it on the head omg !
The people are being abused and they are laughing their faces off, it will never stop.
I'm sorry but you are very ignorant on what is really going on and you believe these clowns. It's unbelievable how these guys make people like you believe all their crap.
Oh is this the good cop bad cop routine? Follow the money most of them locked in loads of profit last year. What we are witnessing is the great reset. Look at the chart from the beginning of 2022 to pre covid high. We just reseted.
Nobody will ever trust these people until they make relevant change. Stop lying to us. Stop protecting career criminals. Correct History. Become transparent. Focus on the kids. Change the foundation. Reconstruct the country. Make money decentralized. Watch us work. Period. We’re not morons.
I applaud Kennedy for getting to the questions that matter. Inflation is here. What in the hell do we do about it before it cripples the country? We’re not immune. Inflation has destroyed civilizations and nations.
I don’t care whose in power, just stupid to shrink the economy.
Biden isn't going to do anything. He wanted this. Watch the oil companies Senate hearing. Biden can fix inflation tomorrow. He shut down 50% of our energy production. So supply decreased dramatically. Demand is still high. Under trump we didnt have a supply and demand issue because we produced oil. Biden would rather buy it from forgein countries.
Just like a balloon, eventually inflation will make our economy pop. There is no stopping this. We can only prepare.
Really? As someone who actually studied economics I found that Kennedy's questions were some of the dumbest of the hearing, even if his intentions were good
The red flags of inflation were obvious for the past year, yet we hear our leaders and politicians were caught off guard?! they all knew this was the course and hope most of the America. Public buy into their disbelief , which they do. The money printing that’s been going on for the past few years has benefited their hedge funds buddies and others is all by design. Just look what happened in 2008, what’s changed?, nothing.
actually gas prices have been rising BEFORE Russia invaded Ukraine
As a real estate worker I think this whole thing is a show because they have to do them. Government workers and high executives are the only ones who can afford high demand markets 70% of the population, future is bleak.
That’s what people voted for
@@billwest9110 its not what people voted for, but its what they got.
Warren made me laugh multiple times during this meeting. Good show!
She is as ignorant of economics, trade, finance, monetary policy, inflation, and matters of currency as she is a lying affirmative action-cheating hack.
Chamber of corruption
All of a sudden Senator Warren can predict outcomes of economic policy. Why did she vote for stimulus that directly caused the rapid increase in inflation?
Because giving out free money is the only way people will like Biden
This is crazy. They really thought they could print their way to infinite liquidity. Guess who's waiting to grab everything once the dollar is useless.
Chynnna?
What’s the summary?
fed doesn’t know what it’s doing. congress doesn’t either. this is basically 2 1/2 hours of powell getting the same question over and over and saying the same thing over and over
@@rjeverett6223 yeah not surprised hence why I’m slack watching
these guys are putting money in each other's pockets.,
Jeez this is... such a hectic panel discussion. Like... they are constantly asking Powell for fiscal policy guidance and assistance, which is literally their job, not Powells. He just has to go back over and over again and say bruh its not my job thats yours. A very difficult arrangement indeed.
Then if you are considering oil companies controlling prices, regulate investment companies buying up real estate driving up real estate prices and caused the housing bubble!
meron pb pondo ang fed reserved????
It bears stating that Trump appointed Jerome Powell.
49:00 The women starts asking some real questions about the oil industry and its corrupt structure
waddoyoumean? everyone has been beating the oil industry with a fat stick bc of climate change (Perhaps justified? idk) and demand has been RECORD LOW during COVID. So of course they have not been investing in new supply lately. its normal market dynamics.
@@Jensth what exactly do you mean new supply?
But of course we don't have a problem with Europe's $10/gallon gas because their energy production is socialized.
@@mmamultiverse75 quite recently politicians decided to not: build pipelines, drill on federal lands, import oils and further exploration. These would increase supply of oil.
What a waste of time. Pure circus.
Powell getting ripped apart in the first few mins...then shamelessly defending himself
Well when you have a person like Elizabeth Warren basically saying he should keep rates at 0%, credibility is lost on her end.
Yeah, pretty savage opening statement from chairman Brown! 🔥
Interest rates should be at least ten percent. Too much fiat money spent by Open Boarders Brandon.
Let's go Brandon.
@@scinusa You want us bankrupt, even sooner than previously expected.
Who claim his body now.
3 P's??? How about money Printing???
More of a politician than an economist. Although the Fed did a terrible job, the guy does a good job in terms of the politics.
The lie they tell is that the fed is independent. Powell knew that if he didn't appease these activist democrats he would've been looking for a new job. That's why they were so slow to act.
Interest rates should be at least ten percent.
Well said! I am also here to learn how to invest after listening to a lady on tv talk about the importance of investing and how she made 7 figure in 3 month, somehow the video taught me nothing and left me even more confused, I'm a newbie and I'm open to ideas on how to invest for retirement
@@ericalorraine7943Lookup Priscilla Dearmin-Turner, this is her name online, she's now the real investment prodigy since the crash and have help me recovered my loses
Despite the economic crisis and the rate of unemployment now is the best time to invest
All politicians should be required to have at least some general knowledge of economics.
all politicians should have general knowledge because I'm not convinced some of these people can think logically
Like AOC? She's got a degree in economics.
@@tvojemama0123456789 yea and so do I. Doesn't mean I agree with her ideology.
apparently it is more important to be well versed in woke culture than economics for them.
30:50 price stability
Did I heard that right? The markets are reacting and doing well? after what have they done? He is really proud
Very good points Mr Brown, Thank You
Hear, hear, Chairman Brown!
Wonderful
The amount of finger pointing from politicians is astounding. Maybe if the likes of Warren had actual policies for energy and food security then Powell wouldn't need to crush demand
I’ll never forget I signed up for a free college bank account from Citi bank. Then during 2020 that free bank account switched, I was a broke college student studying medicine taking out max student loans. My roommates decided to leave and I had to pick up the cost of the house we were renting. The bank started charging ridiculous fees for simply not having enough money in the account. Before I knew it I had 200$ in fees simply for being poor. They changed the rules (withdraw limits new fees) all while being bailed out by the government. This is why bitcoin and crypto is the future. The banking system is a sick illusion, they act like they are helping folks but what they are really doing is stealing from the most vulnerable and diluting our money supply.
But the goal of BTC/crypto exchanges are to be next generation of banks. Wirh adoption and political power, itll end up being the same. Coming from someone pro BTC
Pick better room mates. Can't blame banks for everything. You're enjoying free ATM withdrawals, free online banking...that stuff costs money too.
Let me guess - It was Bank of America.
@@robertc6293 it cannot be the same with BTC or Dash so long as there is a finite supply, but you cannot print bitcoins and lend it to folks like what banks do with loans literally everyday. Before these exchanges implode people should move all coins to cold wallets. Then we can bypass this dilema. These “staking” situations are misleading and I discourage folks from doing this generally. Im sure there are some exceptions but it smells fishy.
BTC is open source, so it doesn't become the next big bank that screws people over
The “oil cartel” sounds like the “drug cartel”
Morally similar
Tillis.... Green energy? Really?
Stay focused on making sure we find solutions that will positively impact the MILLIONS of people who will likely soon be facing hardship from a possible recession or depression. Who's paying you off to talk about that instead of the discussion at hand?
1:10:35- all that needs to be said.
Up 9 % Wed.. * ALPP.. Alpine 4 Holdings. U.S. Manufacturing. 11 subsidiaries. Revenue Up 195 % in 1st qt 2022.
Mr. Reed could be a character in LOTR.
Horrible meeting
extremely unproductive lmao
Senator Kennedy, only logical man, American, in that overpaid room of bs.
lmfao 😂 he is a monumental idiot.
"inflation hittin' mah people so baaaed, dey couffin' up bounes!"
complete moron. refinaries are running at maximum capacity, btw. there are no regulations limiting them. There simply hasnt been any investment in the area since the 70's.
Who didn't vote for any of the bills that would have eased economic pressure on his constituents. Republicans don't want this solved before the election. Kennedy is putting on a performance. He is up for election.
Yep
Loose monetary policy. Someone said it!! Thank you!
Wait which loosenpolicy? Lowering rates when we were already booming in 2018 during shortsighted trump? Spending trillions during trump or are we only mad at the trillions spent during Biden? It’s stupid to tank the economy no matter whose in power. They are setting Biden up.
Now no one buy house maybe good indication of no inflation lol
1:40 ngl, distractingly incredible thigh-game
I would like a 30 dollar raise at work for being one of the hardest workers in the company. I would like a huge beautiful house in a high end area as well. I would like a Lamborghini, a Bentley, and a Bugatti veyron. Can Mr. Chairman Powell make this happen for since we have a printer that prints money out of nothing?
More paper makes lamborghini appear
@J Osorto they hv been messin’ with our money for the longest time!
They gotz all kinda tricks to do it too, like giving away our mercantile base to a communist country that kept their people in chains while they became Capitalists. Still on going.
How bout changing from a gold base to a fiat currency!
How bout making college so expensive and turning the youth of this country into slaves!
How bout using and allowing dark money to run our government and allowing those behind that money to run our world! Yeepie !!!!
How bout leaving our borders open so as to allow every undocumented person to simply swim, run, skip, or drive in to our country and drive down the salary of the Food Service Industry and most Trades.
Well I could go on, but there’s nothing to do now but watch the bread & circus theatrics that have been unfolding since the late 1970s.
Either way, rate hikes or no rate hikes, our lives will need to adjust to insane austerity and the loss of many freedoms we once enjoyed.
Oof!
A democracy is only as good as the majority of voters.
This is what Americans want
For whatsoever they sow, that shall they also reap.
Yep…it’s what people voted for. Either pay in higher taxes or inflation. At least with inflation you have a choice on discretionary spending.
too bad we aren't a democracy
@@Ryan-wx1bi Everyone in congress was elected democratically. They are the mouthpieces of the people (who are re*arded).
this isn’t a democracy fkin bot
Ms. Cortez Masto was asking the right questions and Powell answered appropriately given his role. The underlying problem is the legacy role of the Fed and how they should not be influencing policy to some extent especially when the very policies driving inflation could be modified by other agencies in the government. This old excuse of the Fed separating from competitive watchdog agencies is old and should be redefined.
WE are going to make it more expensive to invest, create jobs and buy houses for families, but we won't do anything to stop profiteering by companies and putting money in the pockets of the largest shareholders.
That's congress job and they're all shareholders that insider trade so they like the system. The Fed doesn't have the ability to regulate corporations.
@@Bradimoose But it is still talking out of his butt to say he will raise interest rates to control inflation when the things most causing the inflation are out of his control but what he will do will effectively make it more difficult for regular people to live life.
@@freelanceminion7396 Can't argue there. They all own homes and stocks. They made the stock market rip during the pandemic and they made home prices soar. Regular people don't matter to our politicians other than lying and pretending to care to get our votes so they can eat lobster with lobyists.
1:05:55 exactly
30:24 _completely_ ignored the first part of the question
What is that a gathering of over old men?
There is a lady there too. Don't forget
How terrible. Old men? I'm literally shaking 😭
@@macdonald2k why?
@@SummeRain783 I don't like it
@@macdonald2k you don’t like what? Older men?
Chair Powell is very skillful with maneuvering around and through the political maze, but the lack of commitment to addressing fundamental economic questions erodes confidence.
In the system like this, those who knows how to play politics and not answering the questions survives and rise to the top. Economic is NOT physics and any field like is the playground for these kids.
Not really, Powell basically stuck with his comments on monetary policy. To be fair I’ve studied economics so I do understand what he is implying and Powell statements are consistent with economic principles
Our Job is just to increase rates, please don't bring any other aspect, We don't care, just increase rate and our job is done and we sleep
I wonder how these men & woman would phrase their questions to Powell if they did not hv money for rent or gas for their cars or food on the table?
Ossoff's question about inelastic demand vs. inelastic supply as drivers of inflation stuck out for precisely this reason. Powell talked about the lowering of housing asset prices as a consequence of the rate hike, but didn't explicitly mention the short-run effect this would have on renters as landlords with outstanding variable-rate mortgages would respond by increasing rents even more than they would have otherwise, thereby increasing living costs, putting more upward pressure on wages, and finally dampening (if not outright negating) the anticipated first-order downward effect on prices.
People in the business press talk about the wage-price vicious cycle but I don't hear as much about the role of the prices of _necessities_ with permanently inelastic demand as a (relatively) exogenous root cause. It might not matter if nonessential commodities get cheaper if living costs keep getting more expensive faster than CPI, as some of them (housing, healthcare, postsecondary education) consistently have long before the March 2020 covid shock, with the more recent supply-driven energy and food price shocks only worsening the problem.
@@joshuabernard7515 Am not as articulate or for that matter as knowledgeable as you are about the economy but here goes.
In simple terms that I hav been able to understand, making the loaning of money very cheap, (cheap money 0-1% interest) brings forward a slew of folks who will borrow it and make more gains from it, in the area of hard assets.
These folks also took this cheap money and made investments with it, creating wealth that they did not work for nor did they create a better company or product or service.
They went from Brooklyn to Connecticut in 2 years.
Just this alone tilts the playing ground in a negative direction bc the concentration of wealth is now bigger.
These folks could afford loads of possessions like houses, yachts, autos, upscale markets, clothes, and second and third homes everywhere in the world.
Money is power. And money that has been created without the burden of work is even more dangerous.
So.,,,, while folks were sitting home and not working, but instead given a $1400. Check, other folks were busy building fortunes.
This is just a very small portion of the ills of today.
To be honest, it’s a trifecta of destruction.
A pandemic
A food shortage
A war
An unsustainable hike in fuel/energy
An inflation that will leave many of the folks receiving the $1400, on the street.
That’s more than a trifecta!
Not sure of my economics. But like I said, it’s the best I can do with the little knowledge I have.
The other point I would like to touch upon is the renter-landlord-bank relationship.
The American people bailed out the banks in 2008,
If a landlord has a variable rate mortgage and his mortgage increases, the banks need to accept what the landlord can get out of renters, in this time of trouble.
They (banks) can afford to wait because they survived the 2008 tragedy through the help of all those landlords and renters and baristas and cook, bakers, teachers… etc.
It's a very good idea if people get to setup some stuffs aside for themselves that could be bringing them money apart from there businesses
Crypto is the new Gold
Thanks this is really helpful, placing my trade with Expert Donald Anderson
@Anna Expert Donald Anderson is an experience broker on forex, crypto and stock trading and also an account manager in USA.
To me his extremely good, been working with him for a year and four months. And I have been getting my profits seems legit to me️
You're semi-literate for heaven's sake. Bad spelling, grammar. Bad financial advice.
Most people should be able to determine, know, when inflation and prices are increasing. They should not have to depend upon an economist or the FED to tell them. There is enough information in the public domain. In addition, It is no surprise that the FED has printed about 5 Trillion Dollars in the past 2 years. Inflation has been rising for over 10 months. Recall the FED tried for 10 months to tell the American people that inflation was "transitory". Well, how did that work out?
Perhaps we need to rethink are quantity of jobs to include quality.
anyone else. notice the slip where he said i don't care how inflation affects other parts of the country. most honest thing I heard during the whole meeting
better if you had a time stamp on this 2-3 hour video
Franchise own business you buy from not corporation
Powell: Uhm? We kinda screwed up the economy.
Democrats asking stupid fiscal policies that is their jobs and not Monetary policies.
Okay, what are are selling, Sen Kennedy? I can spot a sales pitch and I can smell a hog too. Deregulate the fineries/cartels is what you want. That just adds more fuel to the fire for working families and money in your greedy pockets.
Every home owner right now is rich!!! All these senators their house is worth double what they paid for and they are very thankful of that. When the war began it cut off imports from China, Ukraine, Russia so costs go up. And where's the committee that's stops banks from making a killing on mortgages.
And let the propaganda fly mr. Brown!
Elizabeth Warren said Powell is driving the American economy off a cliff she nailed it
Democrats LMAO
She'd rather see 20% inflation than have to deal with the reality that rates HAVE to go up.
Powel said he can use his tools to reduce demand to decrease inflation. He does this by selling assets into the economy (QT). He also said that he is not the cause of inflation, specifically in food and energy costs. He is wrong about that because he is adding money into the real economy that finds its way (through banks, the government, equity loans etc.) into the real economy that chases the price of goods and assets. The amount of stuff we have available went down, the amount of money went up and keeps going up rapidly. This means that there is more money available for a limited amount of stuff. THE FED CAUSED THE INFLATION THROUGH QE.
Demand is high due to stimulus checks, and supply is low due to supply chain issues. Supply chain issues were caused by covid and now the war in Ukraine.
@@Bruss813 Supply is low compared to what? Real GDP rose above pre-pandemic levels in Q2 2021. The only way that is possible is if people are buying more stuff. And the only way people can buy more stuff is if there is more stuff to buy. Not to mention many retailers like walmart are warning of excess inventories. The fed just wants you to believe that because they don't want to admit QE causes inflation. Because then they would get blamed for causing the current situation and it would limit their ability to do QE in the future.
Freezing spending would cause a next day recession.
The Housing market is the backbone of the U.S. economy ( look what happened when the housing market collapsed in 2008 , a practical depression and run on banks)...especially so, in an economy that doesn't produce and manufacture much goods. Why try to slow down the backbone of our economy in order to cool prices? Instead, Help increase housing supplies which have been low even before the pandemic? Without a strong housing market..our economy drops off the edge.
Housing is a bubble right now because of greed instead of letting families buy
I see London and France ....WOW....texting instead of underwear?
Damn photographer needs to be moved away from Mr Powell
Mr. Brown is a true socialist
How is talking about workers being violated socialism?
He said we're all committed of taking care of this next year well I'll be dead by then😡🔥
*By-den
We are so ducked.
FEAR FEAR AND FEARS.
Last year market up---> BUY BUY BUY.
This year it's dowwn---> SELL SELL SELL. Are you serious??? Do you buy high sell low or the other way around? WAKE UP PEOPLE!!!
when gas prices will come down....it will mark the beginning of a big recession
WTF ARE THESE PEOLPLE EVEN TALKING ABOUT? They can't even deliver their rehearsed lines...
We print money it’s the corps fault
44:27 This is why we can't have nice things, also lol at 44:58
Government could maybe stop the crazy out of this world spending and sending money across seas. I mean that could be a start.
Cutting military spending would free up constraints on social spending (including creating civilian government jobs that private employers won't pay for, ala the New Deal), but that's a political third rail because military contractors and arms/equipment manufacturers are so deeply baked into the current structure of the US economy that it would cost jobs in literally every state. This is by design.
Does anyone know where I can buy a blame Janet Yellen button.
The World needs to move urgently to legitimize our Monetarized Planet. Legitimization of the Banking System is Critical to avert that Crash.
Powell should not concern oil price. in Other words, Fed should concern Core CPI rather then CPI or We all FXXked by Fed
Powell is team red republicans and Biden will blame Jerome U SAW IT HERE
Biden kept Powell on as Chairperson. This problem started with the War on Terror.
We are currently in the jaws of the worst bear markets I have seen, the average stock has been cut in half, and the only way to make money this year has been to either short or to trade long in very short time frames. I'm still at a crossroads deciding if to liquidate my dipping $117k stock portfolio, what’s the best way to take advantage of this bear market?
It's unequivocally on occasions such as these that financial backers should be wary of the following sureness. You don't need to follow up on each figure, consequently I will propose you get yourself a monetary counselor that can give you passage and leave focuses on the offers/ETF you center around.
Mind assuming that I ask you suggest this specific mentor you utilize their administration? I experience difficulty knowing when to trade.
Clown show
Reminds me of Sundar testifying where these potheads no idea what to talk about 😂
Print more money.