Fed Chair Jerome Powell: The 2024 60 Minutes Interview

[@SteeLHorseNomad22]

How is this 60 minutes ? We only got 13 mins. Dang Shrinkflation !

[@esousa486]

LOLOL 🤫😝

[@bassfan71]

😤😤😤 Facts

[@yawzerdoink-a-sore-as]

60 minutes used to be 60 minutes, we we decided to make that 13 minutes 😂 “three quarters of negative GDP is NOT a recession” 😂

[@good8072]

HAHAHAHAH

[@ostricalungimirante]

HHHHHH😂😂😂😂😂

[@esousa486]

A "sincere THANK YOU" to 60 MINUTES for allowing us all to post our comments on here !!!! Others like PBS always "Turn Off" comments on such matters !!!

[@networth00]

Thank you for free speech? Have we really gotten to that point?

[@EricHartnett-wh1lv]

And now if KZbin overlords would show the dislikes count, oh wait we're not worthy of such information... clown World

[@bigpuffyfluff]

@@networth00 the ability of whether or not you can comment on youtube isn't "free speech" 😂

[@honestbusiness1371]

Have you read many posts? If so what value did they really have. 1/3 of posts are generated by AI and Foreign groups.

[@networth00]

@@bigpuffyfluff it actually is

[@ktgiang]

Thank goodness KZbin cut out 47 minutes of network TV ads

[@dertythegrower]

This isnt the whole episode... so many people love to copy the top comment even when the reply is incorrect... sheesh

[@AnnaFed015]

Financial professionals like John Desmond Heppolette often bring a wealth of knowledge and experience to the table, helping clients develop and implement sound financial strategies tailored to their specific needs and goals...

[@Space_Cowboy777]

1 million per household of debt. That is freaking absurd. He literally said we cant keep this up forever.

[@khaledalromih]

Freedom isn’t free

[@pinewood6340]

​@@khaledalromihyes it is. but not when they've been stealing from you for 50 years with the threat of jail if you don't like it

[@hakim4679]

They refuse to Tax the wealthy and decrease their tax breaks. Can't blame welfare when we went form a single income supporting a family to dual incomes barely supporting each other.

[@xxyyzz8464]

I agree it is unsustainable and lawmakers need to stop spending more than we earn and produce, but he said $1M/household in 30 years. That’s equivalent to about $250k today.

[@antoniolyons2881]

We don't need to worry about government in a country where the government has legal authority of the currency that debt is issued. It can just create the cash needed to pay the interest.

[@agrxdrowflow958]

"Fiscal policy is unsustainable...debt is growing faster than the economy." Blunt words of war in FedSpeak.

[@DJ-bj8ku]

Increase taxes on top earners like Musk if you want to pay down debt.

[@agrxdrowflow958]

@@DJ-bj8ku Agree 100%. The problem is his wealth is all tied up in Tesla and Space-X stock. So, we'd just be taxing those companies which are doing good work. Better to tax the Uber-Wealthy Rothschilds and Rockefellers.

[@esousa486]

How LONG till the FED has to "bail out" the next group of "small" banks , Mr Powell ?????????? You KNOW it will still happen ...

[@ryansatchell2302]

@@DJ-bj8kuyou can take all of musks money and leave him with a penny. And yet if the govt keeps spending the way it is, that still won’t be enough. It’s like having one parent that makes and saves a lot of money. And the other that spends more than that every check. Sure, we can just say to the breadwinner, “make more money”. Or… a more sustainable solution, we can ask the spending parent to cut back and help get the budget balanced.

[@williamevans7830]

​@DJ-bj8ku the us gave Ukraine more than elons net worth in a couple years

[@gautruc]

I think it's the first time the channel turns on comment section. It's worthy.

[@e5m956]

Any video that has comments disabled gets an automatic thumbs down from me. Always give videos with comments disabled thumbs down to put it down on the algorithm.

[@thomasecosse]

11:05 This question and answer is perhaps the single most significant statement that I have heard coming from a person of such significant authority, not only the American people but people of democratic nations worldwide. Listen to it a couple of times, just to absorb what Jerome Powell said and think about this very intelligent man's words. Thank you, Mr. JP. 27 02 2024 UK

[@millertoyal]

Not only are prices up, but corporations are shrinking products as well. They're doubling costs and decreasing the overall volume/ sizes.

[@jsanford01]

My toilet paper roll is 1" narrower and my protein powder container is half empty 😅

[@DonTrumpF2024ever]

🤣🤣 the enquirer is more believable than 60min! Powell will say anything to NOT get his BULLY (trump) elected!

[@NsRhea]

They call it shrinkflation.

[@Riddle-Me-This-Puzzles]

WRONG. learn how inflation is measured. What you want is DEFLATION .. where prices go down. This isnt good... do your research on deflation.

[@bo2.4u6]

Tell me about it!!!! Please read my comment!

[@markbrier8717]

Why the hell diid this interview not talk about housing costs? Who cares about the price of hotdogs when we are being devastated by rents, insurance and property taxes????

[@theroldan8013]

cos you are cannon fodder for ww3 who cares

[@jeffjenkins-ks4sn]

Bc it’s Cbs. They are trying to convince you that everything Biden has done is fine and things will get better as long as you keep Biden in. Ridiculous

[@Tsunseyu]

I know, right?!? I’m a disabled veteran trying to get housing and anything that qualifies for the VA loan and anything anywhere near my job is way too expensive for me. It’s hard to find anything that both qualifies for the VA home loan and remains something I can afford. 🙏🏼🧘

[@loriurias110]

Property tax is on the state . Corporate profits are an all time high. Overpriced housing is on property owners making their profits to reinvest in MORE property. Change taxes on the rich, make corporations pay their fare share. They use roads, infrastructure, and benefit from all we pay for, while not increasing pay for labor, admin assistants, etc. Just a thought.

[@abdulrahmanraheem423]

Exactly! Housing is the biggest problem if u ask me.

[@inittowinit928]

If the CPI is so accurate, why don’t they include taxes in the calculation? It is the biggest expense to the people, yet it is not included in the inflation calculation.

[@MckensyLong]

My first impression is because it doesnt look good. But wonder if its because it creates an infinite loop, as inflation rises, taxes go up exponentially. If you double your income, you pay more than double in taxes. Meaning it's a net loss. (and doesnt apply equally depending on where you start) Its hardest for the lower and middle income brackets. if i make $100 Taxes is $30 Cost of living is $70... $100 of $100 Now i make $200 (move into a higher tax bracket) Taxes is $70 Cost of living is $140... $210 of $200 I'm negative $10. Wife and I were able to increase our income nearly 50% with my wife taking on some other income. We still feel like were negative 20% from the year or 2 prior. I couldnt imagine if we didnt take on the extra work, like most people cannot. I suppose if you own a house, and a car at low interest rates and your job stayed the same the effect on you personally wasn't as much as someone whose rent nearly doubled.

[@happyjohn1656]

​@@MckensyLonggood theory

[@billballeza377]

The price of a hamburger will never drop from ten bucks, nor the price of a cocktail from seventeen bucks. All while everyone in service turns an iPad towards you asking for higher tips.

[@96mryomama]

Yes because deflation is a sign of a dying economy.

[@BunnyDarko]

and, if the merchant is using Square, an automatic percentage is charged to you - which no one mentions & most aren't even aware they are paying it. Regardless, I don't blame that on J Powell. I'm not even an 'armchair' economist but, fwiw, I think he's done a remarkable job of navigating *numerous complex systems*

[@gerrypeet4861]

Maybe you should in instead of eating out.

[@digitalpacs]

That's why we eat at home, more healthy, taste better, and don't have to worry about not filling guilty about not tipping on take outs.

[@jasondonellan776]

You ever see a McDonald's menu in 2002 it's unbelievable compared to today it's a sin

[@Seanpfree]

35y/o 74 bids since 2019 on first house in middle Tennessee outbid EVERYTIME by cash investors. We've put off marriage, kids, and enjoying life until we're in a home. It's further out of reach than ever before for us in the middle class. Wages aren't holding a candle to cost of living & inflation. Powell ONLY helps asset holders, the biggest banks, and the biggest investors. Our economy has left the middle and lower class behind.

[@scottallancole3635]

Spot on, but it hasn't just been Powell... Bernanke and Yellen before him as well, along with our government.

[@frankperrott6048]

You are aware so you should be buying assets.

[@backyardboogie5117]

Open a stock portfolio and start buying before the market takes off 🤑📈

[@teeconsigliano7631]

yup, government is run by the rich for the rich. but inflation hurts everyone. have you considered down payment assistance programs and buying a condo?

[@guccisasha]

You should blame who gave free money to people, during covid, and still to a certain extent. That's what started the inflation.

[@goldsbym]

My grandfather in the 70's made $4.50 per hour. Had a 4 bedroom house, two nice cars, good food on the table, grandmother did not work, and we went to the movies every weekend. WTH is happening today?

[@grQTbVMrZ]

American Dream is DEAD. HAS BEEN DEAD

[@stage51manager]

That was 50 years ago.

[@goldsbym]

@@stage51manager my point exactly. He lived the American dream on 40 hrs per week at $4.50 an hour. One household income paid for everything. Today the cost of living is so high it takes 2 people making $20 per hour to live the same.

[@stage51manager]

@@goldsbym Capitalism was strong 50+ years ago. Flash forward today. I’m making about $26 an hour at my full time job. I do have a house 🏠 4 bedroom, two baths. My mortgage payment is off the roof. (I won’t get too much into details) However I don’t have any children, (which is a good thing, nothing personal) I only have 1 car, (which is payed off). I’m dating a woman 🧍‍♀️ been dating for about four years. (not a serious relationship) Plus I have a 2nd job part time on call, $21 an hour, and I have some side jobs, side gigs on the weekends. I live all by myself in my 4 bedroom house 🏠 Call it whatever American Dream American NIGHTMARE. The comedian George Carlin predicted all this stuff 🇺🇸🔮

[@DanielLarsonofficia]

The fed we need to abolish the federal reserve

[@king.bob1246]

Let's check back in 9 months

[@adamik2271]

Rate cuts now!!!!

[@dannyaoalsson]

Layoffs in the Biden economy in the last month: 1. Twitch: 35% of workforce 2. Hasbro: 20% of workforce 3. Spotify: 17% of workforce 4. Levi's: 15% of workforce 5. Zerox: 15% of workforce 6. Qualtrics: 14% of workforce 7. Wayfair: 13% of workforce 8. Duolingo: 10% of workforce 9. Washington Post: 10% of workforce 10. eBay: 9% of workforce 11. Business Insider: 8% of workforce 12. Paypal: 7% of workforce 13. Charles Schwab: 6% of workforce 14. UPS: 2% of workforce 15. Blackrock: 3% of workforce 16. Citigroup: 20,000 employees 17. Pixar: 1,300 employees 18. UPS: 12,000 employees 19. Zoom 2% of workforce 20. Okta 7% of workforce Amazing how fast America sniffed this weeks jobs report out as complete lies due to Biden's government reporting in an election year.

[@makeart5070]

It's transitory

[@TATTEDGAY]

People have said that for 3 years …

[@xiaoka]

It seems like a lot of republicans are angry that we haven't had a recession yet...

[@EFGAlterEgo1]

If anyone is familiar with the late 70s/early 80s where Paul Volcker was in charge and when they cut rates and inflation broke out again. That's a good reason not to be too quick on rate cuts.

[@colliric]

If you wait too long the recession is far worse than it otherwise would have been. You have to time things better.

[@marodint]

You are absolutely right, rates should be lowered very carefully and gradually

[@jwloohou2]

@@colliricwould you say a recession is inevitable?

[@F.o.s.t.e.r.]

@@jwloohou2 Yes, its just a matter of time. Thats one of the foundational points of horse and sparrow economics, boom and bust. Save during the boom and buy during the bust, thats how wealth is redistributed.

[@radar0412]

That was Arthur Burns. J. Powell is using the Volcker playbook to make sure he doesn't repeat Burn's mistake

[@DonaldMark-ne7se]

Great video, a number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 60, I would appreciate any advice on potential investments.

[@JacquelinePerrira]

There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.

[@Jamessmith-12]

I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.

[@kevinmarten]

Could you possibly recommend a trustworthy advisor you've consulted with?

[@Jamessmith-12]

'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@kevinmarten]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@ELFKidsVideos]

It’s so refreshing to see and hear good questions and answers about serious issues. Thank you.

[@networth00]

LOL

[@edwardstanton3571]

What were you watching?

[@andrephillips7764]

Tucker

[@thomasecosse]

11:05 This question and answer is perhaps the single most significant statement that I have heard coming from a person of such significant authority, not only the American people but people of democratic nations worldwide. Listen to it a couple of times, just to absorb what Jerome Powell said and think about this very intelligent man's words. Thank you, Mr. JP. 27 02 2024 UK

[@Rgnotown]

I keep telling people things are not going back down. We’re stuck with these prices. Only thing that will go down are interest rates and that’s gonna take awhile

[@theroldan8013]

take that putin

[@jamescoppe]

It won't take long. They'll cut 2% the next 18 months.

[@kayalcorn9569]

Restaurant prices won't be coming down.

[@Toby-WanKenobi]

The price fixing by the corporations will never come down. Your 20 oz bag of Doritos when you grew up will now be a 8.5 oz bag, with '2% of increases a year'. Don't believe that everything macro can be fixed. Just because things grow slower don't mean that they don't still grow. And the corps know this.

[@Djamonja]

@@jamescoppe That won't lower prices, just interest rates.

[@DixiecratDemocrat]

Prices out of control, Interest Rates extremely HIGH, Illegals benefitting our Tax Dollars, Severe Homelessness! But we are at an ALL time unemployment LOW! I hear you but I don't see ANY of it HAPPENING!

[@yldrmcs]

I don't think unemployment rates reflect the reality but the thing is so many people are forced to work in multiple jobs that pays pennies. This doesn't mean economy is strong.

[@garysmothers3234]

Wages are now increasing more than inflation.

[@grQTbVMrZ]

EXACTLY!!!! child care and many jobs are NOT paying well at all which is why many have to take two or three jobs just to stay afloat. When is the Feds going to realize that?!?!

[@htxtony80]

@@garysmothers3234nice joke

[@radar0412]

Unemployment rates do reflect reality. Opinions about everyone having multiple jobs? Probably not

[@stephenayriss5049]

We are losing full time jobs that have benefits and gaining part time jobs that don’t. This is not good

[@elizabethbednar7770]

I was just told my property tax was going up 50% and my electric bill was going up 20% last week. food keeps going up and you want to tell me everything is great and inflation is better. No one can afford Anything but food and utilities and rent!

[@pauldietzmann5610]

Lower interest dont stop property taxes from going up

[@elizabethbednar7770]

What is your point?

[@TanoCariddi-1]

"Everything but food, utilities and rent!" It's time to live within your means, like in other countries on the planet. Many people only have enough for food and one trip abroad a year for vacation.

[@elizabethbednar7770]

@@TanoCariddi-1 ok well then don’t cry when there is a recession because people couldn’t afford anything but food utilities and rent because that is what will happen

[@esousa486]

EXACTY where the Top 1% want the rest of us ................. Under their TOTAL CONTROL !!!!!!

[@jburdman7]

We've gone from: don't worry, it's transitory To: praise us, your milk and eggs only doubled. And hell no the price isn't going back down hahahaha

[@kshitijgupta3272]

The best thing about Powell is he accepts he does not know things. There are too many economists too sure of things who are often wrong.

[@dr.michaellittle5611]

Economics is not perfect clairvoyance, so I think you’re wrong. Btw, Powell,’s view is aligned with that of Nobel economist Paul Krugman.

[@kshitijgupta3272]

lol. Have seen overconfident PK is, time after time being wrong?

[@dr.michaellittle5611]

@@kshitijgupta3272 Krugman, unlike random fingers on internet keyboards, knows his stuff. Over the long run, he’s right on most things. Try and find an economist who has never made a mistake-there isn’t one.

[@mr.monitor.]

Unemployment is so low - we have people sleeping on the streets while working 3 jobs😅

[@julietteober]

Jerome Powell is a decent, honest man. Our country owes him a huge debt of gratitude. Thank you Mr. Powell and happy birthday!

[@FlyingMonet]

Hmmm is that right? 12:32 just about disputes that claim. Do you really think it’s a coincidence that the Fed will begin cutting rates causing the stock market to go up RIGHT BEFORE THE ELECTION???! In what ways is that not a coincidence??? It’s quite clear that they had this agenda planned out starting in late 2020/early 2021 before they even started raising rates! This is gaslighting at its finest & quite frankly reminds me of the way the media gaslighted millions of Americans in 2020.

[@franklinbowen1228]

We live in a country where big business and convenience is much more valuable than its own people’s well being.

[@LadyLeda2]

My daughter lives in Korea. In that country, people come first, above anything else. Sometimes I just cry silent tears for the way the US treats its people. I am happy that my daughter lives in such a country.

[@yldrmcs]

@@LadyLeda2 Good for your daughter but I wouldn't want to live next to crazy country(s)

[@sten260]

nah I think government doing things because they think they are "helping" people is exactly why we have these problems. Just look at Biden and student debt forgiveness, that is just a recipe for inflation lol and they don't even realize it and people don't either. If they just did absolutely nothing then we would have way better economy

[@Mrinternational89]

@@yldrmcsMexico is not crazy?

[@leoh2502]

Wait until you get Trump back in office. He will probably cut taxes for big business and rich people again!

[@robertogutierrez2897]

"Integrity is priceless. And at the end, that's all you have."

[@AbelardoLopezIII]

Yup

[@brianwalker5263]

If the economy is so strong why would you lower interest rates?

[@Bertinator-nm9ld]

To make it even stronger. I think that's the basic idea, anyways.

[@joela.4058]

It’s a balancing act because you want it easy for people to get loans but not too easy that it creates inefficiencies and bubbles.

[@twelvecatsinatrenchcoat]

Because the real estate market is collapsing. No one wants to budge if they think rates are too high.

[@tohigherhighs]

Real estate and national debt interest payments

[@joshchild]

To not over correct inflation into deflation. It's like adding salt to a meal. If you add too much, it destroys the dish.

[@QWEEKEN73]

You can tell this is being phrased in a positive light by the opening statement alone; saying that Powell raised interest rates 11 times, as apposed to saying that he raised it back to the 50 year average of 5.5

[@Thebt7]

The great reset. For 20 years we had cheap debt. Cheap growth. It's time to see which companies, which CEOs have been doing their jobs and which ones have been swimming naked with other people's money.

[@JM-fo1te]

*opposed

[@paulkormann1569]

Financial Propaganda

[@firstlast-wm3li]

Opposed*

[@QWEEKEN73]

@@firstlast-wm3li thanks grammar nazis

[@jimything2212]

I have two jobs and currently looking for a 3rd just to afford groceries. Best Economy Ever 😂

[@katielove9932]

Either you're not making enough money on your 2 jobs or you're living beyond your means. Looking at your picture, you may be wasting money.

[@101yak]

@@katielove9932 Yeah Katie, keep telling a guy who is working 2 jobs looking for a 3rd that he is not living correctly at peak labor usage of ones self... Geez, talk about being inhumane. using 100% of your time and labor and she thinks ITS YOU who is the problem, oh lawrd the right have brainwashed Americans to a fault.

[@bribri6985]

@@katielove9932you could be right but you have to understand and acknowledge that there are people living paycheck to paycheck even with having 2 jobs or more

[@jimything2212]

@@katielove9932 Welcome to the Party PAL

[@radar0412]

Go to college. It's not too late

[@bradlucass]

The Fed kept talking about bad things happening all year, and we believed them. But, surprise! Productivity actually went up to 2.6%, beating the expected growth of 1.8%. The workers did a great job. Maybe we don't need the Fed after all.

[@joesloan1724]

Tell my paycheck. It keeps buying less.

[@kindnesslove5482]

Yes. He said aiming for 2% inflation. Not deflation. Will always be like that. Out of control like 2021 and 2022 is what needed to fight.

[@pietrojenkins6901]

@@kindnesslove5482 because 2% is healthiest for the economy.

[@kindnesslove5482]

@@pietrojenkins6901 Good number. Not an exact science though. Depends on many factors. Shouldn't be fixated on 2% target. They made mistake aiming for it too aggressively early 21 and way overshot.

[@BrentRichards-vp1cg]

Billionaires and ultra elites do not think you really need as much stuff as you have

[@pietrojenkins6901]

@@kindnesslove5482 all true.

[@TheCnattu]

"Integrity is priceless"...wow! what an amazing quote to remember!

[@andrewgeissinger5242]

Sounds like hyperinflation has hit integrity then.

[@Thebt7]

Hyperinflation is only when prices inflate out of control in a short amount of time. Not natural price inflation over several decades. If you want your money to no inflate then buy BTC and hold it in cold storage. Or if your a caveman then buy physical gold bars and bury it back into the earth so someone else can dig it back up again 😂

[@georgemcnaughton7839]

Tegrity Matters

[@flag_bearertruth6257]

the interviewer does not ask wht he and hos peers use this method of printing money and not used austrain method. they will print again and the gold to $ was removed since 1971, this means we are in massive debt, so this means there is no way to improve the economy or control the inflation, what they can do probably is to print again to prolong the ression, but techniccaly we are in recession anyways but is lagging, so the interviweee seems to be on their side, they wont let alex joen es interview him and expose, so no integrity, just lies, they will print again during election, "there is no integrity" he fooled you the cnattu - oops

[@twelvecatsinatrenchcoat]

I immediately imagined him trying to say that to Trump. "Everything has a price Jeremy, I have the best prices, just ask anyone, I'll name your price, just watch me, I named Ron Desantis' price and he bowed out, he bowed out like a little boy Jeremy, because he couldn't take it, meatball ron, he couldn't take the price of my integrity, Jeremy."

[@joziewales1965]

It’s not 3%. They specifically chose a basket of goods that equaled 3%. But all of us know it’s higher than that.

[@andrewclark6618]

So for anyone watching, pay off credit card debt, save as much as you can, live within your means, and by all means DO NOT get a loan until 2025

[@seether07x]

My man forgot about refinancing.

[@SherryBittermann-hf1ok]

Good advice, but not complete...the obiden administration, (obama's 3rd term), is already trialing central digital currency. When the government forces the Central Digital Currency on all of US 🇺🇸 they will dictate what you can buy, when you can buy, and how much you can buy. They have every intention of enforcing the WEF's statement, "by 2030, you will own nothing and you will be happy"!

[@EP-77o]

@@seether07x So, spend all your money on a high interest loan for a year of two in hopes that interest rates will magically drop. Then you can set thousands more on fire with refinancing fees…. Don’t quit your day job, sweetheart.

[@seether07x]

@@EP-77oassets are cheaper when interest rates are higher. Less buyers. Less competition. Not only cheaper asset but other terms are more favorable to the buyer. Historically when it’s “tough” to buy in retrospect it was the best time to buy because of the opportunities. No need to make it personal bud. Just discussing.

[@kamilkachnic7360]

I dont get it, in high inflation environment there is no point in saving, in fact its better to get into debt, fixed interest rate and the longest term the best, please enlight me.

[@Itsme-jv4cd]

Many of the groceries I buy every week have gone up by 50% since 2020 . My real estate taxes has gone up over $100 a month , my home insurance and auto insurance has gone up , my utilities have gone up ,my basic cable has gone up ,and my Medicare insurance has gone up. I'm getting a little more from SS but it sure does not make up for the increased prices. I'm retired. I can't make anymore money.

[@DJ-bj8ku]

It’s a hot economy. Prices go up when demand for things increase.

[@Unwavering137]

You could always become a greeter at Walmart. They love paying them low wages. Something is better than nothing right?

[@samlloyd672]

The cost of the worthless and pointless lockdowns. Vote Kennedy

[@TheSnoopy1750]

You realize your social security is indexed to inflation, right? SS was raised 8.7% in 2023 to make up for inflation of 8.0% in 2022. SS raised 3.2% in 2024 to make up for 4.1% inflation experienced in 2023 so you were made essentially whole for the inflation in 2022-2023. BTW, the U.S. inflation in 2023 was below most industrialized nations. Sorry to burst your delusional bubble.

[@film1201]

I feel you. Retired, seeming to be living check to check. Having to start a business just so I can build savings. This was supposed to be the easy days after a life of work. Due to what the Fed did with interest rates, a I’ve lost hundreds of thousands of dollars.

[@jackstonehenge]

I feel like this was a puff piece. What are the metrics? Home ownership out of reach? Record credit debt. Skyrocket rent. Car loan delinquencies? No mention of what role the stimulus checks played?

[@DJ-bj8ku]

Stimulus checks issued by Trump and Bush contributed to inflation but remember Covid was still running rampant and that money went to help businesses meet payroll and families to meet rent.

[@LadyLeda2]

Don"t forget the cost of food.

[@ricomajestic]

@@DJ-bj8ku I think you meant Trump and Biden!

[@MG-bf1zi]

The stimulus checks were NOTHING compared to all the PPP people got. You got a measly few thousand dollars. The owner of the small business I work for got $300k in PPP that was forgiven even though the company was doing even better during covid than before. Froget the stimulus checks, that's child's play

[@davidr4523]

Agreed. The media is a complete mouthpiece for the Democratic party. I do not know why the hate the Republicans so much.

[@jungleman1012]

Wow! This is inflation. Sixty minute interviews now run thirteen minutes and change.

[@willritter4076]

I'd be honored if some 90s fans would take a quick listen to my acoustic piano & vocal performances of LONG DECEMBER by the Counting Crows, NAME by the GooGoo Dolls, and "1979" by the Smashing Pumpkins in tribute to 3 great standards of the 90s era. Live acoustic with no autotune or digital editing. Peace out and stay safe in the '020s.

[@sirdiealot53]

the show is 60 minutes. they have more than 1 interview genius

[@jungleman1012]

@@sirdiealot53 Um, joke. Inflation, Fed, monetary policy.

[@themissingtile2828]

I get the metaphor but wouldn't that be deflation?

[@jacobjoseph1740]

Badum tisss....

[@Shauntay76]

Thank you for allowing your viewers to tell Jerome Powell he is lying.

[@immortaljoe6468]

The prices are still too high

[@michelangelobuonarroti916]

Wages are also higher.

[@mirzaahmed6589]

@@michelangelobuonarroti916 no, they are not. What rock are you living under?

[@nro9450]

@@mirzaahmed6589statistically speaking, they are. Unless or course you have a ton of data points you’d like to enlighten us with

[@nro9450]

They’re never going to get lower, they’re just increasing slower again

[@MBarberfan4life]

​@@nro9450that's been happening for over a century. Why do we need the Fed when they are hurting us? "Take the abuse, spoiled citizens!"

[@Bern-q3d]

Stop paying the higher prices for products then the supply increase forces the price to drop.

[@mr.isaiah1275]

Oh wow, great idea…why didn’t every other American think of that?

[@stephenshuman1]

That won’t happen. People still need to eat and live. More things need to be produced. That’s a better way to reduce prices

[@mr.isaiah1275]

@@stephenshuman1 more things being produced, would require more employment. More employment “typically” means a higher rate of inflation, since more people are making money. It’s not as easy as it seems

[@stephenshuman1]

@@mr.isaiah1275 not necessarily…….. supply and demand. More things being produced means that would decrease the cost of goods.

[@mr.isaiah1275]

@@stephenshuman1 true, it’s a balance act

[@rob-time]

Inflation does not mean that prices will go down. It means that they won't go up (as fast). So, income levels need to go up to balance the increase in market prices.

[@marsacox]

In theory prices go down if income levels don't go up as overall demand decreases. Problem is there is too much money on the market distributed unevenly

[@MrPigpiggiepigs]

Income levels have gone up, and they went up faster than inflation this past year.

[@lrich65184]

No it is this central bank manipulating everything. That is how the government controls folks.. money

[@grQTbVMrZ]

It is SUPPLY and DEMAND

[@jerryhello]

@@marsacox Prices going down is a bad, bad sign and honestly, they won't be. Wages rising to meet them is much more likely.

[@realLoganMoody]

I will revisit this in 6 months. Jury is still out and Fed's policies have a lagging effect, anywhere from 1-2 years!

[@andrewgeissinger5242]

It seems that even the Fed forgets that there is a lag.

[@jefft6038]

3 years is the average time it takes to see unemployment really tic up and credit events to start....that puts us at around Feb-March 2025. no way we get out of this without major pain

[@wiseguysmith6519]

agreed, the yield curve hasn't even un-inverted yet, and that is when things get ugly

[@FlyingMonet]

Remind me! 😂

[@LemonySnicket-EUC]

The new jobs are actually mostly old jobs that people finally came back too.

[@NicholasRehm]

Inflation may be "tumbling" but what they fail to communicate is that its the RATE that is falling, i.e. things are so much more expensive now than they were 2-3 years ago and they will NEVER go back to where they were. Prices are just growing slightly slower now 🙃 And wages have not gone up to equalize to the damage done, so we are still suffering from insane inflation despite it being "dead"

[@davidpate6095]

“Integrity is priceless.” He’s right.

[@ralphjessee2688]

But . . .

[@roxymax8917]

Said by the leading member of Bidenomics

[@AR-rn8ok]

What integrity. Hes trying to tank the market and trigger an economic collapse. Fire this guy.

[@Thebt7]

​@@roxymax8917 it was Trump in charge during the Pandemic. In 3-4 years time from now that's when will see and feel the effects from Bidenomics.

[@Thebt7]

​@@AR-rn8okliterally not trying to tank the market. The market is not his job. Being financially responsible is. It's about time that investors and business owners start doing their jobs. Which is to produce products and services at better prices. Instead of complaining to their mums the politicians for sugar hits to run their business and cry like little babies when Papa Powell has to take the sugar away.

[@ItsBobEvans]

Keep kicking the can. The music has to stop eventually

[@MichaelWalker-wu2pq]

The 2017 Tax Cuts for the rich was a massive failure of the government. It added to the debt and was abs unnecessary.

[@mirzaahmed6589]

The music stopped in 2008. It never started playing again.

[@DaShaneo]

USD will go the way of BCC. Just a matter of time.

[@MBarberfan4life]

The inflation never stops. That's true!

[@amym5932]

Cbdc s next. A cashless society is what they want. Control you and everything else. Now just wait for the major event to happen before they can implement it

[@mjs3343]

Job numbers are terrible. If you subtract the parasitic industries of government and health care, the USA has actually lost jobs.

[@stephenmcloughlin1965]

Unemployment is a lagging indicator. Give the layoffs time .

[@mirzaahmed6589]

Yup

[@tboughnou]

All the data they use is lagging... by definition data is backward looking. Thats why the FED is always "late" moving up or down on rates!

[@chova1123]

Right, keep your eye on weekly jobless claims

[@AR-rn8ok]

Powell is the epitome of being reactive and not proactive. Expect him to lower rates too late.

[@boinknook]

Not only is congress in debt ($33T), credit card consumers are too!($1T)😂😂

[@coryfoster4907]

Student loans now outweighs credit card debt which is insane. Very detrimental to society and young people's live sadly. We need to fix this.

[@saadologue]

Pay your debt

[@Wa954Stunna]

Lets Not forget the 150Trillion in Unfunded liabilities.

[@jackmcandle6955]

Keeping up with the Jones’s with a credit card is a fools errand especially carrying a balance with high interest 🤦🏻‍♀️🙎🏼‍♀️🤦🏽

[@mtradergame]

Just shows you that it’s not just the governments fault also the public is at fault for constantly. Begging for free stuff so politicians lie in order to get votes cause people hate honesty so politicians promise all this wild stuff which ends up destroying the economy

[@MaestroDraven]

4:10 - "Inflation was not transitory." Yes, thank you Jerome Powell, for telling us what we, for some reason, knew to be the truth at the time, yet you kept happy-talking your way through.

[@joeb1522]

I predicted inflation wasn't transitory a year before Jerome Powell.

[@Masone126]

Cutting interest rates later doesn’t help anyone at all. Right now people are using more credit cards to pay for food and gas. Food is expensive. Inflation is not going down it’s going up the data is wrong. This makes basic living 5:43 bad for the less fortunate and the underserved communities.

[@Anonymous-pm7jf]

People just can't live within their means. Not because it's impossible, they just choose not to.

[@Masone126]

@@Anonymous-pm7jf excuse me you must be from Idaho where there is no state tax or high insurance rates or high food prices

[@maxwellcrocker20]

I'm really curious what Jerome Powell said from 1:53 to 2:03.

[@twelvecatsinatrenchcoat]

From the interview transcript: "We just wanna see better numbers going forward this quarter, aliens are real and Epstein was an inside job. Once figures have shown a consistent pattern moving in the right direction we can feel more comfortable adjusting rates."

[@randyrodriguez1445]

Smart observation

[@oherroprease207]

Why do they need to lower rates at all? If they’re happy with growth rates, unemployment, and inflation why not just hold indefinitely. We’re always playing a game with being right on the edge of runaway inflation. Just leave it for a year then reconsider.

[@Bertinator-nm9ld]

Higher rates makes it more expensive for companies and people to borrow money. If they keep rates high, companies have a more difficult time investing in new projects, and consumers have more expensive mortgages and auto loans. That's not to say that your can't still keep rates high. There's just a trade-off to be had. And the Fed has to try to balance those trade-offs.

[@tiberiusalexander6339]

We're never on the edge of runaway inflation, that's silly. People have predicted runaway inflation forever and it never manifests. When we DO get inflation, it is not "runaway" in the sense that it happens due to specific policy choices, and specific policy choices can reign it in. There's not some line we cross where it is suddenly completely out of everyone's hands and there's nothing the government can possibly do. EVEN IF the government pursues recklessly inflationary policy for a long time - like in Weimar Germany, say - the moment they find the political will to get it under control, they do. In Weimar, they stopped printing money, moved to a new currency, and bam; basically overnight they went from hyperinflation to no inflation. It was the subsequent Depression and austerity, not inflation, that led to the Nazis.

[@prolific1518]

​@@Bertinator-nm9ld fed doesn't have to balance anything but inflation and unemployment. The numbers for both are a lie. So anything said in the news about either is a lie. Powell is a political stooge.

[@cratecruncher4974]

We had a great economy in the '90s with 6% rates. This economy seems more than able to handle 5.25%. Employment report was huge on Friday. Don't expect cuts any time soon.

[@scottwhite8960]

But what was the debt to GDP ratio in the 90s??

[@SonofSons]

You sound like you would fit right in working at the Fed, constantly spewing out nonsense. The economy is in complete shambles.

[@1artillery1]

@@SonofSonsnot what I seen on Fox News they said the economy is doing better than expected

[@SonofSons]

@@1artillery1 pleaaaaase tell me you are being sarcastic 🥲

[@1artillery1]

@@SonofSons need a link?

[@joshh.510]

The economy is only “strong” due to part time jobs and government jobs funded by debt. The USD is in major trouble with a softball interview like this…

[@dr.michaellittle5611]

The USD drives global commerce and is very strong. Get your facts before you make such a statement.

[@tedstriker6743]

So sick of these reporters asking why not cut interest rates. Most important is to get inflation below 2%! Also, Powell is just fixing the damage he did to the economy through excessive money printing and he still has yet to fix the housing bubble he created! He’s lucky he still has his job!

[@grQTbVMrZ]

❤❤❤❤ I actually think he WANTS to keep interest rates where they are but he is getting pushback from the WH. If you notice, when the interview confronts him about how he angered many by not dropping rates, his eyes looked down like he felt defeated. Just watch his eye contact and body language

[@sebseb3229]

Jerome Powell has destroyed the middle class. While he kept rates at near zero , real estate doubled and tripled. The dream of owning a home for many Americans is dead.

[@MBarberfan4life]

100+ years of reduced purchasing power. What a disaster

[@mebinici]

Bitcoin fixes the dying fiat...

[@theroldan8013]

capitalism baby dont cry

[@networth00]

@@theroldan8013 Capitalism is not printing $33 trillion and sending billions to Ukraine. Capitalism is not hiring 85k new IRS agents. Capitalism is not student loan forgiveness. I could go on and on.

[@theroldan8013]

sooo who is to blame.... putin? fidel castro ghost... please tell me@@networth00

[@onomatopoeia162003]

​@@networth00 From what I just looked up. We owe ourselves around 5T. And for the bonds that other countries buy, that adds up to around 7.4T. The rest I would have to look up.

[@jjgravante]

Inflation is mostly corporate greed

[@Romulan112]

What is odd is that high rates make it harder for small businesses to borrow money. Big business has no problems, they just issue stock. Also, the Federal Government must pay interest on national debt. With a high interest, more of the people's taxes go to servicing the debt.

[@esousa486]

BINGO !!!!!!! Finally someone else "understands" it too 👍

[@jameswong3064]

As the IMF elites would say, “you will own nothing and be happy.”

[@antoniolyons2881]

We don't need to worry about government debt in a country where the government has legal authority of the currency that debt is issued. It can just create the cash needed to pay the interest.

[@radar0412]

Your money is going to the military and Medicare. Everything else is going on America's credit card

[@Romulan112]

What you are describing is what they do in Central and South America. I assume you are joking, no?@@antoniolyons2881

[@thedonkeyinvestor]

if the economy is so good why we need to cut rates ?

[@SoFloCo-ne4rk]

To get back to the neutral rate so the economy can be even better.

[@thedonkeyinvestor]

go back in history find a time where 0% is neutral rate ,@@SoFloCo-ne4rk

[@bubba6989]

​@@SoFloCo-ne4rk cutting rates in a good economy is foolish. It can reheat the market to possibly overheat it (ie inflation again) and it leaves little room to spur growth

[@DJ-bj8ku]

@@bubba6989At least you admit we have a hot economy. Rates would be cut in anticipation of a slowdown.

[@SoFloCo-ne4rk]

Right. That's why the Fed isn't going to cut rates until they're sure inflation is fully under control.@@bubba6989

[@scottdorsey8220]

"America (a Constitutional Republic) is defending Democracy around the World"? Who knew?

[@tboughnou]

Cut ALL 3 letter agencies and all the bureaucracies

[@Omni0404]

😂

[@dr.michaellittle5611]

That’s a goofy idea with unintended consequences, and doesn’t solve root causes, which are the imbalance of tax revenue and expense.

[@networth00]

@@dr.michaellittle5611 What's your take on democrats saying "defund the police"?

[@pinkisforpimps]

Too bad Vivek lost

[@tboughnou]

may be in a future cabinet position@@pinkisforpimps

[@GrumpyTroll.]

Gasslighting as always.

[@Whyaretaxespayingforcorr-cc8sr]

they like that in healthcare, watch my playlist

[@spaceship4494]

Economy is good btw. What a puff piece.

[@GreenNutGuy]

Integrity is transitory. - J. Powell 2024

[@timothy8142]

Inflation is a currency supply issue. The whole globe printed up a generation's worth of currency during the pandemic. America gave out $600/week on top of state unemployment. Millions of Americans made $1,000 per week as they contributed nothing to the economy and became one-sided consumers. Inflation never dies. It comes in waves, with the second larger than the first.

[@Whyaretaxespayingforcorr-cc8sr]

u really think think 1k a week created the inflation? go back to school

[@timothy8142]

@@Whyaretaxespayingforcorr-cc8sr Looks like you never went in the first place lol.

[@networth00]

@@Whyaretaxespayingforcorr-cc8sr Printing billions caused inflation. Go back to middle school.

[@Whyaretaxespayingforcorr-cc8sr]

@@networth00 the majority of that money did not go to people making 1k

[@networth00]

@@Whyaretaxespayingforcorr-cc8sr wrong

[@dale5172]

Most of the jobs you’re adding are part time jobs!!!!! Low paying jobs!!!!!!

[@73ajd1]

He doesn't add any jobs That's has nothing to do with his job.

[@redarbz6545]

Exactly, it’s not because we are not dying that we aren’t bleeding

[@garymcmillan6943]

Look at hours worked. That's the real doozy.

[@jaybird7534]

Powell did what he was ordered to do, freeze economy in an inflated price environment. He said it himself, prices won't come down unless there's a bad event, a Deflationary Depression.

[@coffee-xg6my]

I remember Henry "Hank" Paulson had the same "Don't worry everything is under control" attitude that Powell has. And that was just before everything collapsed in 2007.

[@Gattberserk]

how about he knows about it and had to lie in order to keep his job?

[@ricomajestic]

Yea but W was running the show. Not the brightest president we've ever had although way smarter than Trump who knows nothing at all!

[@murraypassarieu9115]

We’re not in anyway in the same situation as 2007. Apples and oranges

[@robertlee8805]

​@@ricomajesticI'll give a half like on the trump's knowledge of nothing. Hope this messvcleats up and those Houthis Militants get some USA militaries' wack-o-moes.

[@robertlee8805]

​@@GattberserkMust read my comment fully. Whats showing is not what you think. Cheers.

[@danielpena-un8vl]

they raise the interest rates, banks and investors buy all the houses, drive the prices up, average people can't buy anything because both prices and interest rates are up. Very genius move.

[@oneeyedman99]

Investors are buying houses because they know there is an artificial shortage created by rampant NIMBYism.

[@taffyalusa4642]

The 2%/3% rates is what pushed prices up for housing.

[@pratikpatil1857]

🎯 Key Takeaways for quick navigation: 00:01 🏦 *Jerome Powell's Approach to Inflation and Interest Rates* - Powell discusses the progress in reducing inflation and why interest rates have not been cut yet. 02:06 📈 *Federal Reserve's 2% Inflation Target* - Explanation of the Federal Reserve's 2% inflation target and its significance. 03:56 🗓️ *Timing of Rate Cuts and Inflation Recognition* - Discussion about whether the Fed was too slow to recognize inflation in 2021 and the likelihood of rate cuts in the upcoming months. 05:20 🪙 *Inflation and Economic Dynamics* - Powell explains how unique pandemic dynamics affected inflation and how it subsequently moderated. 07:13 💰 *Prices, Inflation, and Economic Satisfaction* - Powell discusses why some prices may not decline, and how this affects public satisfaction with the economy. 08:24 🏦 *Banking and Real Estate Crisis* - Discussion about the potential for another real estate and banking crisis, with Powell expressing confidence in the banks' resilience. 10:11 📊 *National Debt and Fiscal Sustainability* - Powell's perspective on the national debt and its impact on the economy, emphasizing the need for fiscal sustainability. 11:18 🌟 *Factors for American Prosperity* - Powell highlights the importance of the dynamic U.S. economy and the country's role as an indispensable nation for global stability. 12:14 🗳️ *Politics and Federal Reserve Decisions* - Powell's assertion that politics do not influence Federal Reserve decisions, emphasizing the importance of integrity in decision-making. Made with HARPA AI

[@roselynewanjiru6893]

Thanks for this 🙏🏽

[@dertythegrower]

wrong

[@dertythegrower]

​@@roselynewanjiru6893 Its not even correct.. the people who do this simpleton copypaste dont even listen

[@dertythegrower]

incorrect as usual by harpaai.... just stop

[@PhilMoskowitz]

Powell didn't stop inflation, he has momentarily reduced the rate. Prices are still 3X and 4X what they were before Janet Yellen's inflation inducing term as Fed Chair. Without massive cuts in government spending and higher interest rates higher rates of inflation will return even worse than before.

[@DJ-bj8ku]

Cutting spending and increasing interest rates would tank the economy. Please educate yourself.

[@saywhat8966]

Name one member on the Cabinet that knows what they’re doing.

[@Longtermalwayswins]

Do you guys understand inflation?? When inflation dips , prices DO NOT. It just means it slows down INCREASING. whatever have increased is PERMANENT. Dipping inflation means prices are no longer increasing. Inflation made damaged is NOT reversible.

[@PhilMoskowitz]

@@DJ-bj8ku I'm willing to bet your concern is less about the economy and more about your stock portfolio.

[@NoahPenn13]

“Integrity is priceless” means “we can’t afford it” 😂😂😂😂

[@williamcollins7954]

Chairman Powell doesn't get enough credit for what a phenomenal job he's done. His decision-making is devoid of emotion and his purpose is singular in doing what he believes is best for the American people. He is forthright, transparent, and the first to call out his mistakes. There is nobody better suited for the position. He is above politics and beholden to nobody but you and me.

[@Philippinesbound42]

Prices never go down. Hotels are 100 percent more than they were in 2019. Food up 40 percent etc etc

[@PraORedd]

😂 DEBT IS GROWING RATHER THAN Economy

[@gerrypeet4861]

This statement makes no sense.

[@antoniolyons2881]

We don't need to worry about government debt in a country where the government has legal authority of the currency that debt is issued. It can just create the cash needed to pay the interest.

[@gerrypeet4861]

@@antoniolyons2881 Debt growing faster than economy still makes zero sense.

[@DesertSky928]

Indictments ♦ Trials ♦ Convictions ♦ Carry Out Sentences in the Public Square Debt Notes are NOT Money, they are Currency----NOT the same thing! 1928 $20 Gold Certificate is NOT $20 Dollars!---it's a Note wherein the Bank owes $20 in Gold to the Bearer

[@loupasternak]

The blessings of old age is ..... all this kicking the can down the road will be someone else's headache

[@davefromkansas5600]

Why not start this conversation with: "So, Jerome, you are the head of a criminal banking cartel correct?"

[@SoFloCo-ne4rk]

Because it's a serious interview.

[@Batstrings]

because it is the usual journalist fluffing his pillows instead of trying to find out facts or truth

[@dr.michaellittle5611]

Because you’re fact-free in your question, ffs.

[@Mike-lv6vs]

Of course Dave, EVERYTHING is a conspiracy! 😂😂😂😂😂

[@mrsterling5306]

How come No financial hosts ever talk about how badly ALL of the govt accounting books are so cooked???

[@Taylor-m1n]

Inflation is tumbling? I went to the grocery store yesterday and walked out with 3 small bags for $87 dollars.

[@TL-qr3ii]

miss the part that explained prices are not the same as inflation?

[@fupopanda]

Price and inflation aren't the same thing. Inflation is the rate of price increase. You can have inflation going down and prices still going up. Inflation declined from 9% in 2022 to 3.5% now, but that just means prices are increasing by 3.5% now. It really isn't that hard to understand, but for some reason many people hate to learn, or maybe they just can't.

[@garymcmillan6943]

So why haven't you learned the terms, 'Disinflation' and 'Deflation'. Do you hate to learn? Cause both of those terms should have been used in your brilliant explanation.@@fupopanda

[@networth00]

@@TL-qr3ii Everyone knows that dipshid.

[@Longtermalwayswins]

Do you guys understand inflation?? When inflation dips , prices DO NOT. It just means it slows down INCREASING. whatever have increased is PERMANENT. Dipping inflation means prices are no longer increasing. Inflation made damaged is NOT reversible.

[@Jlr-vz8cc]

The United States is doing better than just about every other Country. However, companies are getting away with too much price gouging!!

[@Ur.MomfAg]

What do you expect when the consumer is willing to pay 6 to 7 bucks on Starbucks coffee when dunkin' is only 3 and some change. If the demand is there corps are willing to supply.

[@TuffEnuffIII]

34 TRILLION in debt ...proves...he is LYING!!!

[@JoeDuffy69s]

Lol what an intro. Jerome powell saved the economy 😂

[@keto6789]

"It's a BIG club .... and YOU ain't in it!!" George Carlin

[@pizza123425]

Actually you're in the club but at the bottom

[@SteeLHorseNomad22]

@@pizza123425 We are the janitors 😂😝

[@peterdangelo5882]

Absolutely - miss him. He always said, just wait they will come and take your social security - its too expensive and we can't afford it. Hope he was wrong.

[@keto6789]

@@peterdangelo5882 ... "and now they're coming for your social security.... they want it BACK ..... and they'll get it too.... they always get what they want ! ...." George Carlin.

[@stackchn]

3% on top of 6% inflation from a year ago means things are too damn high. Remember Rent/ Mortgage payments are 40% higher from just 4yrs ago in 2019 🏡

[@sirdiealot53]

thats why theyre not cutting the rate yet...did you watch the video

[@murraypassarieu9115]

My rent is almost the same as 4 years ago. Up 5 percent total. But I’m making more money and investing it. Way better off than 2019.

[@kamilkachnic7360]

Great comment! 3% on top of cumulative price increases over last couple years is not what USA people expect. By the way 40% higher rent/mortgage in just 4 yrs is just jaw dropping.

[@FRENCHDRAINMAN]

What an honor it is to have him as chairman. USA economy is in good hands.

[@danmarlin4504]

Money printer go BRRRRRRRR

[@cyberhype5495]

Pretending this economy is currently good for the citizens... its absolute Madness... "strong economy" ??? WTF!!?

[@SoFloCo-ne4rk]

Unemployment is at a 50 year low. Consumer spending is very strong, but in a way that's bad because when everybody is spending like crazy, it keeps the prices up. In a sense, the problem is that the economy is too good.

[@rrssmooth6643]

This guy will be still ringing the christmas bells when everything has collapsed around him.

[@wisdomweb1]

@@SoFloCo-ne4rkcorrect but will not stay that way, consumers about to get crushed over this year and the fed gonna break something, and be forced to cut only too late tho and the music stops

[@good8072]

"By the numbers: 63% of Americans rate their current financial situation as being "good," including 19% of us who say it's "very good.""

[@cyberhype5495]

@@good8072 Most Americans were doing much better 5-10 years ago... since then the value of their USD currency has been undercut & slashed by inflation... Credit Card debt is also higher than ever.... a higher % Americans were "Doing good" before this decade began.... and thats just Facts 🤷‍♂️

[@JEREMY99218]

Government intervention ALWAYS makes things worse! #EndTheFed #AuditTheFed

[@michelleayres5608]

You're talking to the people who ran our financial system into the ground. What do you expect them to say?

[@kgm2182]

Oops, you somehow left out the part about massive layoffs.

[@DJ-bj8ku]

There aren’t massive layoffs, professor. There have been layoffs in a couple of sectors but they’ve been more than offset by job creation.

[@Gattberserk]

@@DJ-bj8ku at least that is what they have to spin off to make you believe, rmb that elections is coming, hence they cant show the world the economy is dying.

[@vytallicaq.6881]

@@DJ-bj8ku Jobs that allow most people to afford a house? Get real Joker.🦹

[@Maltamilkbone]

@@DJ-bj8ku The number of full-time employees has been falling since July.

[@thebitcoingarden]

Pretty important one, thanks for the interview!

[@Lords1997]

I never doubted the American economy/comsumer; after the 08 recession, many people (principally investors) became aware that shorting and risks weren’t worth the economic devastation. The scorched earth policy of shorting/risks are more frowned upon now than before. There’s also the massive government intervention which uplifted the economy when the initial shock of the pandemic took effect.

[@tiberiusalexander6339]

It wasn't the restraint of short sellers that kept consumer demand up, it was 800 billion in stimulus we passed. And even that wasn't really enough

[@tmttgssdf]

Get ready for a sell off Monday!

[@Taylor-m1n]

I thought Friday was going to be a sell-off, but it made a new all-time high

[@OGJeff685]

@@Taylor-m1n frikken killed me on the NQ, was waiting all day for that damn drop while being short, it finally came and I made some back, but wth - it just kept going higher!

[@haneyguitarinstruction6260]

I'm looking at February 13th as the high before 37% dump

[@ralphjessee2688]

Beware, the Ides of March!

[@ricseeds4835]

I'm not that lucky

[@danielkur3279]

I am an industry that was one of the most affected by high interest rates, but the whole time I think JP has been handling this extremely well, all the while dealing with pressure from politicians that lack even a cursory understanding of economics. Well done sir.

[@mothjoke]

UPS, Microsoft Discord, Wayfair, black rock PayPal. Huge layoffs just announced. Seems you’re opening line was just a week too early and is completely wrong

[@Damage_Inc]

Despite what people may think of the current state of the American economy, anyone who takes the job of being Fed Chairman is in a thankless role. Everyone wants to lobby them and they are the face of our monetary policy who gets kicked around by politicians and your Average Joe. As a Democrat, I had reservations about the role of politics at the Fed considering Jerome Powell is a Republican. But he's shown time and time again through both Democrat and Republican administrations that he is nonpartisan in his approach at the Fed, which deserves a ton of respect and admiration. The selection of a Fed Chairman being someone who is sensible in monetary policy and from the other party has proven to be a timeless, bipartisan tradition in American politics and one that is worth keeping.

[@ryanmarosy2940]

The federal reserve bank is 100% unconstitutional and not meant to exist per the original founders and the coinage act. You should search "creature from Jekyll island" on google and learn about how the federal reserve was created in secret. Since its inception the federal reserve system has hijacked the dollars wealth (and the citizens) and has lost over 90% of its purchasing value. Its time to repeal the federal reserve act and stop giving into this constant crises economy that has enslaved our generation and future generations in debt slavery. This country needs fiscal responsibility and austerity and a dollar earned today should buy the same amount of goods and services a year from now and if it doesn't they are stealing from our labor! The average is citizen is not becoming better, the schools are not producing better education, the cost of things is thru the roof, and people have had enough of the corruption!

[@squid84202]

It is a thankless job. That Elizabeth Warren clip proves it. If they listened to her, we would not be in a recession, but our economy would certainly be closer to Argentina's, which is just as bad.

[@joelhurni9821]

Respect! Good answers, good questions.

[@NotNykoh]

Nobody is talking about shrinkflation. Everywhere I go now I’m getting less portion sizes compared to what I used to get back in 2019.

[@NightSide1349]

Shrink flatiron is all about maximizing profits for these greedy corporations. To fix this problem the US government would have to step in.

[@fooleos]

I just wish I could afford a 1 bedroom condo without getting into a 100-year mortgage 😒

[@theroldan8013]

why a condo if you are cannon fodder for ww3 lol