Chairman Powell; A Hole in the System; The Mismatch | 60 Minutes Full Episodes

First, Fed Chair Jerome Powell: The 2024 60 Minutes Interview. Then, a report on the growing number of Chinese migrants crossing into the U.S. at the southern border. And, a look at how a sports betting boom is fueling concerns over problem gambling.
#news #economy #immigration
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[@weaverjoshuab]

Nice propaganda piece for the democrat party

[@theodorearaujo971]

The Fed has no integrity. They change the measure of inflation and report numbers much lower than real people experience. The economy is in horrible condition and has been sustained by printing money since 2009. We desperately need a recession to reset price levels and allow the markets to work, but the Fed and our Federal government nationalized the banks. They think the financialized economy can be managed but the crash will just be much worse when it comes. Car prices went up 50% in the last 3 years. No one should pay more than 50% of MSRP. Debt at all levels of society have grown to immense proportions. The delusional types that think debt does not matter (Modern Monetary Theory) are politically motivated. Everything Biden is doing is inflationary (printing 5 Trillion, reshoring manufacturing, attempting to fund a chip industry) and the debt will erode future growth and cause the US to default when it can no longer service the debt.

[@user-xp3bn2ui5w]

Nicely put.

[@COJC1830]

I've asked this before and never get a real answer, but I'm going to ask again. Why can't the United States government get out of debt?

[@JustinBuildsThings]

because you dont understand debt in this context, so you're asking a stupid question without realizing it. debt = treasury bonds.

[@criSOME1]

He asks a smart question that ends in a Socratic loop down to the source and that is the FED has scammed this idea to include and only include foreign investor interests, not yours. End your mind if you never pondered the thought

[@tonysu8860]

First and foremost, because it's stupid to do so. To understand this, consider first why the US got into debt in the first place. Although the comparison is imperfect it has similarities to a young person buying first home and car. it's the concept that you don't want to live your entire life working to build up cash savings before you buy your home near the tail end of your life. You instead want the benefits of buying a home as soon as possible to enjoy those benefits early and more during your life. Same for buying a car, it should be obvious that getting to work and back quickly and being able to do more personal things increases your personal productivity and enjoyment of life. Same concept applies to the US government going into debt, it's to provide government services today instead of waiting decades to provide those benefits to your children. Your children along with all other citizens benefit because you can provide a better life raising your kids and the community prospers more than if everything had to wait until it can be paid in cash. Once the government goes into debt, then eventually when that debt becomes due a decision has to be made... Either pay off that debt(as you suggest) or refinance that debt at new rates and "kick that can down the road." Yes, the US has the capability and ability to pay off that debt and it's been done before during the Clinton administration although the debt was much smaller then. Paying off the debt means that money wouldn't be spent on other programs. What would you give up? Cheaper healthcare and medications? Cheaper electricity rates in the future? Better roads? Food? Something else?

[@criSOME1]

@@tonysu8860 I'm sorry do you just like to type? I think we're both belong the grade school explanation for why they might have had good intentions but you and I know damn well what they're doing isn't like comparing credit scores on our end, so cut it. If you want to gloss over my statement that's fine but don't pretend like you're too scared to answer simply cause it flew over your simple mind

[@tonysu8860]

​@@criSOME1I guess the question is whether you think the US isn't assuming debt for good reason. Would you prefer businesses closing and personal bankruptcies resulting from the Pandemic? It took 8 years to recover from 2008. Would you prefer more sickness and death due to less healthcare? Maybe a weaker military? What's on your list of expenditures that should be cut back?

[@JohnDaniels]

The FED printed almost 8 trillion dollars, what did they think would happen 🤔

[@tonysu8860]

Not only a total lie possibly due to unsophisticated understanding, that's inflammatory. "Printing money" is typically what happened by a number of countries in the 20th century, and it often led to Latin Inflation and worthless currency. It's even considered a main cause of Germany's world wars due to "wheel barrows of currency" needed to buy groceries. Hardly any country today "prints money" out of thin air due to those lessons. Today nation Central Banks instead borrow from future income streams, and that's entirely different. Unlike potentially unrestrained "printing money" you can't borrow money unless someone is willing to lend it to you. Central Banks aren't able to sell debt in their national currency unless lenders believe in your ability to repay that debt and this becomes the barrier against irresponsible and reckless economic management. This is why and how nations can raise money to do necessary things (and even unnecessary but using debt to do that is unwise). The US is able to sell T-bills backed by the US easily because everyone believes the US economy has the capability and will to repay those debts when due and on time. Other countries like Turkey have a much more difficult time doing the same because their economies aren't sound but you won't find even countries like Turkey (and Pakistan and others) "printing money" because once people suspect that's happening there would be a loss of confidence in that currency and the economy would collapse quickly.

[@optiskeptic4746]

Many people thought 'printing money' would lead to inflation; but to their surprise, inflation has come down drastically as supply chains resumed supplies... although I still see evidence of greed keeping some prices going up (housing, restaurants maybe?), it's good to see most food prices are back down. New car prices are still too high, although it's nice to see gas prices stable, even low.. perhaps increased EV use has helped bring gas prices down..

[@thecw301]

@@optiskeptic4746 Greed? No, inflation is very much a problem. I don't see prices going down. Here in San Diego I'm still paying over $5 a gallon for gas, and everything else is up more than 30% higher than 3 years ago.

[@Quotesoflife.568]

​@tonysu8860 O good sir please kindly explaine if money isn't coming out of thinn air than what's backing it.

[@BigMacProDaddy]

The semiconductor shortage started with covid based manufacturing shortages and was exacerbated by covid related demand increases

[@tonysu8860]

Not at all. the semiconductor shortage started With sanctions imposed on the "World's factory" aka China during the Trump administration but a lot of people don't realize that the actual deadlines gave China plenty of leeway to prepare and decide how to deal with the sanction effects. In many cases, China bought up enormous amounts of chips before sanctions kicked in and it was only 4-5 years later in about 2022 that companies like Huawei ran out of chips... Coinciding with Covid timing but in no way related to Covid.

[@bradsun1986]

The longest supply chain

[@i2c_jason]

Are they saying inflation is decreasing, or the rate of inflation increase is decreasing? I don't understand why inflation would come down and prices would still be inflated 2x-3x in some cases from ten years ago.

[@tonysu8860]

Depends on the time frame. Prices might be a lot higher than 10 years ago but have mostly stabilized since 6 months ago when inflation was still rising much more than today.

[@JebediahWhite]

Ask him why tech layoffs are at a record high despite record profits 📈

[@fredlacroix6865]

a broken world financial system needs a reboot

[@christophermaulden733]

Yes , one that favors the working and middle classes . Will it ever happen ? 🤔

[@Icantfindanavailablehandle]

Serious question, how come the border agent just looks away as the illegal immigrants are flooding through?

[@LOGGYLOGG]

Unsustainable

[@midwestmike613]

Maybe Xi Jinping will be taken down from within so no war with the US or Taiwan 🤷‍♂️ wishful thinking I'm sure. But if your willing to go through 40 days of traveling to hopefully be allowed into the US it must be pretty awful. As bad as it is here it's still better than the majority of the world never forget this 🙏

[@zexnynex777]

I just paid 30$ for 2 frozen pizzas and 4 little cups of guacamole. Just sayin.

[@JaclkPluto-bm7cm]

Best gambler doesn't gamble

[@Tom-xv5rk]

So they are fighting the thing that will bring prices down while encouraging more wars....Seems like a guy with integrity.

[@tdwilliam27]

Knowledgeable, motivational. Beautiful to listen to!

[@mirzaahmed6589]

LOL, yeah right!

[@MosheUngar]

Thank you for sharing this is amazing work that 60 minutes do

[@johnd.5601]

This country sucks! We lost our freedom back in 2000! It has gotten worse every year! I CAN'T BREATHE!!!!! I'M LOSING WEIGHT!!!!

[@claytonmorada]

You sound young since you refer to 2000. I really wish you the best. As you get older you see cycles and that things aren’t so bad. I hope you have the chance to breathe eat and live a bit.

[@_thasoldier]

We haven't got a sixteen minutes from biden.😂😂

[@michaelobrien8661]

He doesn't seem like an a hole to me.

[@fredpotgieter7329]

So this 20 percent inflation .to go back to 2%need negative 22 percent when .so eggs go back to 89 cents not 6 dollars

[@snorttroll4379]

What happened to shall not be infringed. And the guy

[@jz94117]

Propaganda. News entertainment. Telling you what to think, what to believe. (George Carlin)

[@naveenadduri5091]

As seen the base ball fight with does not have to the should have a good day

[@alexandersuvorov2002]

2:13 - What?! I thought his goal was actually to raise unemployment! 3.5% unemployment is 10 million people with no jobs. He was that guy who claimed “hot labour market” while millions live in vans and tents trying to make ends meet. The only integrity he has is in his incompetence. Cut his paycheck by the annual inflation rate and let him talk then.

[@tonysu8860]

Where did you get that idea Powell was trying to raise unemployment? Part of his job's mandate is to keep Americans employed and he hasn't said or done anything differently.

[@alexandersuvorov2002]

@@tonysu8860 He said it publicly many, many times that reason for inflation is “tight labour market”. Hence those monthly job reports that they wanted to “cool off”. He is a professional liar, no doubt. Just look at the interview: he talks about “strong economy” and “doing soft landing” - how is that logical?

[@tonysu8860]

@@alexandersuvorov2002 You have to listen to Powell's full statement about inflation and employment. He also said wages have not risen much and so the unspoken part is that full employment is not a source of spiraling wages and personal spending. You'll have to blame something else for inflation

[@nicknames5325]

I can’t believe so many people believe this b.s. LMAO.

[@erickane7093]

Now who owns the United States aka indebted to who and who and who…

[@tomateeee33]

Currency manipulation, Manipulation in commodities, and interventions on the stock market and bonds. They use to call it free market.

[@miaash3870]

"For the benefit of the public"!!!! What a joke! They don't give a fig about "the benefit of the public"!

[@j.m.3600]

60 minutes? More like 44 minutes LOL

[@SrengLim2023]

43😂😂😂😊

[@mercenarywings6700]

I can assure that inflation isn't at 3%. More like 12%.

[@escapefelicity2913]

that's about right

[@tonysu8860]

Only specific items. The US is pretty good at collecting and releasing data accurately to the public. If you think there is a discrepancy, I'd recommend looking at the fine print and maybe use a different metric to reflect a picture more true to you.

[@thephotochad]

The US is also pretty good at revising data. Don't believe everything you see. Especially anything related to inflation.

[@unclejoe8279]

The national debt is growing faster than the economy so who volunteers give up some of their lifestyle for the benefit of others.

[@Seanpfree]

The middle class is disappearing, first time home ownership is a thing of the past.

[@antiquehealbot6543]

Understandably, Americans are frustrated about the housing price but US housing market is better than many other developed countries.

[@supersleepygrumpybear]

Try not to equate middle-class with owning a home. Owning a home is a sign of social status, and its partially why homes are overvalued. And also it just happens to be cheaper to rent than to own rn-

[@AR-rn8ok]

@@supersleepygrumpybearbut if you buy and maybe pay 10-20% more monthly, one day when you are too old to work, you will have no mortgage payments and be able to rest.

[@Youngberg1000]

The "nobel" class doesn't want a thriving middle class. Never has, and never will. They'll keep us around just above starving, at least those they want to keep.@@supersleepygrumpybear

[@ilpmuRk]

You are clearly wrong… we could clearly see the middleclass being replenished real time in the second report

[@frankhoffman3566]

Powell talks like he was a month or two late responding to inflation. I saw the Fed failing to act FOR ABOUT TWO YEARS. This was far too slow and it entirely discounted the tenacious aspects of inflation. The most stubborn of these are fear and greed. They must be dampened quickly and forcefully, which the Fed under Mr Powell failed to do. Greenspan, Bernanke and Yellen all understood this. I find it puzzling that Mr Powell did not learn this while observing those Fed Chairs.

[@timoooo7320]

He tried but Trump said that the feds don't know what they're doing if they want to raise rates, so he was pressured not to.

[@deguldenmiddenweg895]

Inflation is the enlargement of the money volume. Price inflation is the result of that.

[@weloc]

No

[@deguldenmiddenweg895]

@@weloc what no?

[@tonysu8860]

You can talk about inflating the amount of currency but that's not anywhere close to what inflation is. And inflation is more than just price inflation, and there are many types of inflation... You can start with supply side, producer vs consumer inflation and go on from there.

[@yuiopoli9601]

​@@welocUnintelligent comment, people listen to you because you're so smart!

[@jamespossible2601]

​@@tonysu8860, The supply|demand side of inflation is something that will ebb and flow. The inflation resulting from the central bank monetary system is ever constant and persisent...hence the reason today's dollar is worth pennies, maybe less, when it comes to spending power. To open an interview with the Federal Reserve chairman with "Inflation is tumbling" "Is inflation dead" is to suggest that the Fed has the ability to reduce and or eliminate the same, which simply is not true. The Fed is the beneficiary of monetary interest, without monetary inflation, the Fed would not exist. To @deguldenmiddenweg895's point, the money supply is the single greatest issue when it comes to inflation. There is nothing that distorts and weakens the notional value (spending power) of everyday nominal representation of money (the U.S. dollar) than monetary inflation.

[@022100bmlotus]

5:23 if you move too late, people loose nearly everything theyve worked for. I guess they really want us all equally poor and begging to borrow money from banks again. Who is their real boss? BIG BANKS.

[@MarcosAlvarado_]

No questions about corporate greed?

[@adobedobedo409]

Whats the point of border patrol if theyre just gonna watch them enter and not do anything.

[@tonysu8860]

They're restrained by the law, and a people who choose Rule of Law wants its law enforcement to follow the law and not do unlawful things that could be criminal. In any case, it's not the illegal entry that is dangerous to the safety of the United States, it's the prospect that anyone entering the US is unidentified and running around unknown. If the Border Patrol picks up illegal immigrants for processing, identification and screening, there is little risk of some terrorist entering the US

[@emjay2045]

Just like the cops during Jan 6

[@adobedobedo409]

@@emjay2045 what's January 6?

[@CharlesMata80]

They weren’t allowed to stop them at the making of this video . Obviously they would be swarming that hole in the fence if federal policy allowed them to .

[@seriouslyyoujest1771]

It’s unfortunate that President Biden thought oil was bad, and attacked USA oil production. Two days after President Biden canceled the Keystone Pipeline, Saudi Arabia raised prices 42%. Oil prices soared at the pump, and my groceries doubled. I had been watching prices very close for a year, so I knew what things cost. Too see prices double shocked me! I will say Powell did good considering the wrench President Biden through in the engine of our Economy.

[@tonysu8860]

All baloney and propaganda by the Oil industry and their supporters. The bottleneck in US oil production isn't extracting crude from the ground, its the refining step. The price of crude in the US is manipulated by controlling how much crude is extracted. The US has enormous crude resources both by drilling in Alaska and shale practically all across the mainland US but particularly in Pennsylvania and the Midwest. Any time the US oil industry wants to increase crude oil extraction, they just hire another shale team and they have more crude in about a month or two. The oil industry wants Keystone because Canada is willing to sell their tar sands oil for cheap and the oil industry like profits. Same thing for opening new fields in Alaska, more drilling rigs and more pressure in new fields mean more profits. But in no way is there a shortage of crude oil resources in the US, only refinery shortages which are sometimes intentional and sometimes not. The oil industry in general doesn't want to build any more US refineries because they're expensive and only 25 years of guaranteed production justifies building a refinery. The oil industry sees Green taking over long before 25 years so building a new refinery isn't economically justified, in fact if a decision is made today to build a new power plant powered by fossil fuel or any renewable source, it's actually a cheaper decision to choose the renewable source. Bottom line is to listen and understand what is being said. If you're interested in cheaper electricity bills and US security, don't support the oil industry projects unless there is really good reason. Make them explain why a Keystone is really needed instead of just taking their word.

[@amz33894]

Inflation is in perpetuaty it never stops, Americans have just experienced a bout of rapid inflation within a 2 year time frame. It would be niave to think it will not happen again.

[@lr937]

This guys don’t shop at walmart, everything is up 30%-50% and yet they say inflation is low???? They are so out of touch this rich guys

[@dnd20-]

Coincidentally, Walmarts profits are also up, and wages aren’t going anywhere. Corporate greed is choking us to death.

[@happyjohn1656]

Information doesn't exist anymore

[@lr937]

A hole??? More like a Grand Canyon 10 times over

[@calebmacdonald6189]

Why can’t they “seek asylum” at any of the other dozen countries they pass through before getting to the US?

[@abukarabdulahihasan8612]

They are chasing The American Dream Let them live

[@Icantfindanavailablehandle]

Because their citizens are joining them and seeking asylum here too.

[@Susieq26754]

This guy really talks BS don't he?

[@ichifish]

Gee, maybe the federal government should buy that guy's land near the border and set up facilities there? A pittance for the government would make him rich enough to get a malibu home, and then this hole could be plugged.

[@tonysu8860]

The problem is the way the border patrol law is written in combination with a broken immigration processing system that could have made strides to fix if the Republicans didn't just vote down the bi-partisan legislation Langford negotiated for the Republicans. The legislation left out a lot of stuff the Dems wanted for immigration reform like DACA but still the Republican caucus won't support legislation that would have gone a long way towards fixing the border problem. So no, simply the Federal government buying the land probably wouldn't fix that problem because the problem isn't access or jurisdiction... It's practically everything else about the problem like legal circumstances for arrest and the processing that comes afterwards.

[@johngil3692]

As Katt Williams says, nobody knows why liars lie

[@Peekaboo-Kitty]

They lie to deceive you and benefit themselves.

[@정코-k9g]

he dont think he made this inflation

[@supersleepygrumpybear]

Wow! Chairman Powell got older after taking the head job at the Fed! I can tell he's tired of overexplaining the functions of the Fed, and the mythical "rate cuts." He even admits the economy is fine, inflation is decreasing, unemployment is low, so he's basically doing his job... Then wHy sweeten the markets. Long-term treasuries are still inverted. A rate hike will fix that (at some point, it has to be fixed, either by the Fed or the bond market). I would've appreciated if 60 Minutes asked Powell about the Taylor Rule. Is it real? does it actually mean anything? The Fed believes it does (much to the chagrin of dollar-tree-per-hour workers).

[@deguldenmiddenweg895]

The money cranks and their Keynes money filosofie are the cause of boom-bust cycle.

[@alpheuswoodley8435]

There are more things in Heaven and Earth, Whoreightio, than are dreamt of in your philosophy

[@hankgroff7]

Steve why don't you just ask the obvious question: Increased inflation generates more revenue for the treasury. Let's face it ....we gave out so many stimulus checks that we're at, what now, 34+ trillion in debt? They've got to make the money back somehow!!

[@michaeldavid6832]

The stemi checks to people could never cause this inflation. Do you think the public got 8 trillion dollars? The money that was printed mostly went to banks and corporations that didn't need it. Do you really believe a couple thousand dollars to individuals amounted to everything they printed?

[@hankgroff7]

@@michaeldavid6832 it's one of many reasons including the one you stated. If the stimulus checks are $2,000 and there's 350 million people in the United States if even a fraction get a check it's hundreds of billions of dollars. Add to that the banks and you're looking at trillions. We're both right. A lot of bad mistakes and we're all going to pay for it with much higher interest rates

[@michaeldavid6832]

@@hankgroff7 Hundreds of billions doesn't equal the trillions in debt they added. Also, the consumer stemi checks were spent the day people got them. Inflation would never have been able to begin because it requires monetary momentum to begin and remain sustined. We gave hundreds of billions to Ukraine with a single vote. One vote. No. The stemi checks did nothing to affect the monetary system. The loans (they evrentually forgave) to corporations and the gargantuan free money to massive corporaitons on top of it is what caused this. Consumers were given a teaspoon of sugar so they wouldn't revolt when corporations were given gallons. Now the citizen is being blamed for inflation while the corpulent bank-pigs are the ones who caused this. The average house price has tripled in 5 years while wages haven't increased at all. Only a dolt could believe consumer stemi checks of $2K could be reflected in a $100K house becoming a $300K house. $2K doesn't equal $200K. Nor can it account for the near doubling of food prices for some goods.

[@optiskeptic4746]

My experience in the East and Midwest is that bread, milk and eggs (and cheese!) prices HAVE come down - bread is back down to $1-$2, millk is back down to 2.55, eggs are $1.15 - $1.40 a dozen, cheese is around $3/pound, same as pre-pandemic... chicken and turkey are around $1-$2/lb, but strangely, hamburger is still high. Canned food is a mixed bag; vegetables are still low, but soups are still higher, don't know how it compares to pre-pandemic... fresh fruit (bananas, strawberries, grapes, tomatoes, cucumbers) are back down, peanut butter and jelly/preserves are in line with 2%/yr from 2019

[@tyler0506]

The gambling company guy in the suit is an absolute worm. Human filth. He knows how damaging addiction can be but obviously doesn’t care bc he’s making bank.

[@extendedclips]

Key Takeaway: USA is an indispensable nation defending democracy with a dynamic economy….. smh

[@tripleuno5900]

That's why everyone wants to come here 🤷🏽‍♂

[@loudaddy2001]

What are you shaking your head at? 🤔

[@alexwyler4570]

Chairman Powell is an adult. sigh of relief. Integrity is priceless.

[@TheBINIBALL]

Chairman Powell like many of those who are adults in our government are the ones you almost never hear from. It's the loud blowhards who want to tear the country apart. The criticism behind his response to inflation is valid though and credit to him for owning up to it.

[@whysaywhyx7100]

You mean easily pressured Jerome Powell. 45 sure made him back down when he was in ofc. Not impressed at all. He's playing that shell game for the rich and super rich.

[@emjay2045]

@@whysaywhyx7100 💯

[@Life_with_Darnell]

Trust your government they say 😅.

[@whothefoxcares]

Be not a Victim of Circumcision.

[@alchik1]

The jobs figures are misleading. Thousands who became out of work during the pandemic never found work and just dropped off the unemployment rolls. Others were out of work so long they could not get jobs in their old careers and had to take lower paid jobs to get by. It’s all smoke and mirrors…

[@phil20_20]

AI is going to take more jobs than ever before in history. We need to prepare for that.

[@tonysu8860]

US unemployment figures have always been about anyone who wants to work and never about the entire population. There are many reasons not to work and some are disabilities. Job creation and destruction is a natural part of any economy and should not be considered an anomaly or anything special as you suggest. The Pandemic might have caused more job losses than normal in a shorter amount of time but it's a natural occurrence in capitalism and free market economies. The point though is that not only were a great many jobs and businesses preserved through the Pandemic, the US economy has created a good many more jobs. Humans have to be adaptable during times of crisis and the Pandemic is no exception. Working at 3 temp jobs is one option. Improving skills and getting a job that likely pays higher Wages due to being unfilled (a big problem overall today) is another.

[@cowdaddy4595]

There was a time when I believed that 60 minutes was objective news reporters

[@escapefelicity2913]

Me too. Those days are gone.

[@ragusaf]

How many decades ago was that?

[@escapefelicity2913]

about 3.7

[@calebmacdonald6189]

Amazing episode! The illegal immigration story was insane. Does Biden really need congress to give him permission to close that gap? Come on man!

[@Peekaboo-Kitty]

He's lying!

[@pianofinger]

@@Peekaboo-Kittytrump stopped the Republicans from signing the bipartisan deal. Trump said so. Other than that he has nothing to run on. Most things are doing better without him

[@ricardocuadrafajardo581]

If there is no budget who will put up his own money?

[@EMan-cu5zo]

It’s amazing how blatantly they lie to people and they eat it up.

[@Skipbo000]

YES! The president, if he wants lasting policy, must have Congress approval on everything! See, this is the problem. People think the US president is this almighty dictator and he is not. When are we going to finally understand that it does not matter who is in the White House - that's all TV drama. What matters in a representative democracy is what Congress is doing.

[@MinusMedley]

The jobs discussion is incomplete, more people were forced into low paying jobs to cope. Yet the overall employment/earnings have not improved, poverty is still climbing - more and more people have lost their entire savings during this period. The money printing never stopped, so where is all that capital going? To the banks ofcourse.

[@supersleepygrumpybear]

The reality is that banks do the most "money printing." The Fed just sets "commercial banks borrow and lend their excess reserves to each other overnight" (Investopedia). Also, The Fed doesn't create low paying jobs; Wal-mart, Amazon, Target, Home Depot do. Why do they do it? To get loans from the banks... because if they actually paid their workers a fair wage- then their bond rating will go down, their share price will decrease, they won't be able to get (as many) loans, etc.

[@jdesign918]

More jobs were not created they just filled the job void that COVID mandates created. These people lie by omission and count on you not recognizing it.

[@generictester]

How is that guy still controlling trillions of our dollars printing?

[@aryanpers7726]

Schuster sat there if nobody knows them then it's like he is the chairman of the federal reserve and Mr Powel is the jurnalist! 😂😂😂

[@yuiopoli9601]

They're dressed better than US homeless.

[@alexgeezy5466]

Integrity is priceless and we plan on keeping ours - J Powell

[@mephik]

If they (FED) hadn't driven it into the ground for the last 20 years of free money juice policy leading us here.... yeah. Sure give ol' boy a back pat.

[@AInfusedNetwork]

Aka… we’ll continue to print new money as long as it takes lol

[@alexgeezy5466]

I think that the integrity part is having separation of the fed and politics. He’s doing a good job given the situation.

[@jdesign918]

They lost their integrity a long time ago. ABOLISH THE FED!!

[@alexgeezy5466]

@@jdesign918ideally for you what would that like like for interest rates who would control it

[@Philippe_Gruijthuijzen]

12:55 What is the single most important factor for future of America's prosperity? Answer: Leading voice of US abroad. And the world wants that. My answer: Currently US is losing his lead position. Examples: Yuan is increasingly a world / reserve currency, which breaks the US' hegemony. One of the main reasons for US losing their lead / hegemony is that other countries rely less and less on their safety and economy from the US. That has also an impact on US economy eventually.

[@MohAmeDALArabY-cg6sr]

God loves you and takes care of you so that this message reaches you. God is the one who created this great universe and has complete control over it. And the greatest loss that a person loses in this life is that he lives while he does not know God who created him, knowing the Messenger of Muhammad, the last of the messengers, and the Islamic religion, the last of the heavenly religions. The great intelligence, before you believe in something or not, is to read it, study it, and understand it well, and then you have the choice to believe in it or not. I advise you on this now before you do not have time to do that.

[@lenblack1462]

bot.

[@sareeyemanusqaame8723]

When will the president Putin interview air that’s interview will be interesting and truthful than the entire 60 minute existence

[@monkeeee]

God bless his money printer

[@firstlast8258]

Gawd bless Murica 🤓 🖕

[@generictester]

his?

[@erickane7093]

So, why isn’t the gap secured?

[@droL_si_suseJ]

Lies, all lies.

[@Mr.FatsArafats]

Sport betting been around for decades and decades ago nothing new

[@larsfridtjofnrheim1638]

President Trump will fix this.

[@brotherbig4651]

😂😂😂 You forgot what happened in 2020, right?

[@wolvernero]

Great content and I thank you for breaking it down!! Even with the current crypto dip, I’m still Glad 😊I can smile back at my portfolio of $82,700 made from my $6k weekly trade within a short period.

[@wolvernero]

Thanks to my co-worker (Alex) who suggested Mrs Mary Elizabeth Webb .

[@wolvernero]

After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.

[@wolvernero]

She's a licensed broker in the states 🇺🇸

[@wolvernero]

She's Active on What's Apps👎

[@wolvernero]

What's Apps👎

[@phil20_20]

Let's use the old submarine analogy - old because I just made it up. If you are being depth charged, you don't surface while the enemy ship is still above you... They caught the need for tightening in time, and much quicker than the last time, back in the '70s. They are improving their reaction time. I'd like to see Sen. Warren's bond portfolio. "[Integrity is all you have in the end]" - boom!

[@robbynelson3]

Anyone watch this and say to themselves " What a hit piece!" ?

[@emjay2045]

Nope

[@rgnldrse193]

14:56 Inegrity is priceless, but unfortunately most politicians have no integrity, and some even less moral scruples.

[@alhavethalsepie5458]

تقدمت باأبحاث كثيرة حول المحيطات والبحار للقديس انطونيوغوتيرش عبر20عام ولم يكن تقدمي لمال أو جاه انمامصلحةالكوكب وما تمليه الأجندةالدوليةالعالميةوما يحتاجه البيءيةفي مجال البحاروالمحيطات بزهدالمفيدوالمستثمر اللتي تصب أفكاره لمصلحةالأمم المتحدة القوانين الدوليةالمفيدةللجميع فايدةمعاصرة اقليميةقاريةدوليةمنظبطةبلقوانين العالميةكفردمن الأنتربول الدولي الساعي لوحدةالأمم المتحدةممثلةبلقديس انطونيوغوتيرش الرئيس العام للأمم المتحدةولم يكن همي مصلحةفردية.

[@MrBostonian100]

“Inflation is one thing, prices is another”…Grocery, Services, Clothes etc remain expensive..House prices reduced a bit due to high interest rates, but people r now waiting for the rate cut to open the flood gates again, which will jack up the prices (house supply is still low)….So what exactly are you controlling here?????

[@GR8APE69]

One of the first thoughts I had while watching the segment on sports betting was just how uncomfortably reminiscent sports betting and the companies pushing it are of the tobacco companies and the iniquitous disinformation campaigns they waged against the people in the 20th century. It's frankly disgusting to see someone shrug off the mountain of evidence put in front of them which shows the massive amount of damage they are doing to society and their fellow man. I still think these vices should be legal, but they should only be allowed to be marketed by people who are honest about the dangers inherent in their products. There are literal street drug dealers who operate under a higher set of ethics than these corporate devils. At least most drug dealers will tell you to be careful when they know they have a hot batch.

[@EMan-cu5zo]

Question is why aren’t they cracking down on the drug dealers that are selling drugs and the addicted using them in the middle of the public with kids walking around.

[@lindaholman2630]

Interest rates.

[@Ackermanmedia]

I love how they say closed or "MERGED" out of the problem. That is Wall Street's way of saying Print Money to keep the economy afloat.

[@yohuevon]

I can't tell if Powell is purposely lying, or if he actually believes his lies. It's crazy that he doesn't get pressed more on the disaster we are about to endure as a result of the Fed and the Government's horrendous decisions and indiscretions about America. I'll probably go back to this video in astonishment in a year or two.

[@loudaddy2001]

I'll meet you here, prophet

[@yohuevon]

@@loudaddy2001 see you very soon

[@yohuevon]

@@JohnDaniels luckily it ends half way through the video and they change topics. It's maddening

[@maltyshreddar]

In all fairness, how easy would his job really be...

[@yohuevon]

@@maltyshreddar pretty easily, considering no pressure from the media and all the government numbers are doctored to make it seem like everything is fine here. It's wild

[@jimbojones1107]

Ha ha ha you had me at. No better person to ask 😂😂😂😂

[@thelongboat831]

12:12 thank me later :)

[@thephotochad]

Probably the most important timestamp ever in history.

[@Skipbo000]

The Fed likes talking to Scott because he's too ignorant to understand what he's being told and therefore won't ask difficult, probing questions. Mainly this has to with the topic of debt. Scott is not alone. Few people truly understand the propaganda behind the "debt" and whenever Powell is questioned on it he says he can't comment on "fiscal policy." Though he has tried to explain very clearly to Scott in previous interviews that the idea of the US being in debt to itself is a fallacy, that the US can never go broke as long as it is the issuer of the currency, Scott is too dim to accept what he is saying and (like every other reporter) has confirmation bias such that he can't accept that there is no debt and the gov't simply prints money for itself whenever it wants to. So Powell just gives in and plays along with the "debt" conversation with same b/s they 've been saying for decades about robbing the next generation, etc etc. If the US is on an "unsustainable path" when it comes to spending and debt, why then does the FED keep printing money (digitally, as Powell has said) out of thin air for the government? So the FED is "loaning" the government money even though it's on an "unsustainable path" with spending out of control? That doesn't seem very responsible. You don't just keep "loaning" money to an entity which is tens of trillions in debt, right? One of the many clues that the "debt myth" is nothing more than political propaganda. The US creates money for itself via the Federal Reserve. Free Money. No, we do not have to pay it back (does anyone have a plan to pay back $34 trillion? I didn't think so). As long as the dollar is the #1 currency in the world. Interest rates are not affected when the government is provided this money. Inflation happens when that money is given out publicly and put into circulation. The FED digitally printed over $6 trillion so the US could engage in a 20 year war, spending whatever it wanted to in the middle east without any kind of financial repercussion. The public needs to wake up to this and stop perpetuating this debt myth. But it starts with having a smart reporter of which Scott is not.

[@thephotochad]

"Effectively we're borrowing from future generations." - Jerome Powell. It's over for futuregenerationcels. It never even began.

[@MysteryD]

"3.7% unemployment" Oh, you mean we're down to 3.7% of people who still qualify and haven't run out of benefits.

[@emjay2045]

🙄 Some CANNOT work

[@MysteryD]

@@emjay2045 the they'd be on disability, not unemployment.

[@xboxisgay23]

dressed in velvet and suede clothing hahaha they already had good lives now they just want more money and they will take it from our cold dead hands.

[@Mbahoue95200]

Inflation is tumbling and employment is near a 50 years high? On what planet are they living?

[@TapoutT]

He sounds so much younger than he looks.

[@snorttroll4379]

He takes aubrey de greys juice

[@shutinalley]

I'm skeptical about that. You don't have integrity to keep.

[@trmon8890]

Homeless is still rising and people fall off the unemployment rolls and aren't counted . Then I'm spending 20% more and it's getting harder to keep our heads above water but you're saying thing are getting better ???? sounds like someone needs to step outside and see what is going on.

[@disneytakeshugedix7463]

America 🇺🇸 loves 🥰 Hyper Inflation 💸 and will continue to print money 💵 and lower interest rates until the US 🇺🇸 Dollar 💵 collapses ! The American 🇺🇸 Government loves 🥰 Hyper Inflation 💸 so much they want the prices of everything to rise until the US 🇺🇸 Dollar 💵 is worth nothing ! Print ! Print ! Print ! Ha ! Ha ! Ha ! Hilarious 🤣

[@TheJoshheart90]

If politics were involved in the decisions of the FED, I don’t think that they would tell us anyway. lol.

[@sdlavender]

Read "The Creature From Jekyll Island" if you think the Fed is a good thing.

[@But2Star]

If the employment rate is that good why are those robbing, theft and shop lifting cases had gone up few folds? The Fed keep on raising the interest rate so to combat the inflation but what happen if some of the heavy weights decided to dumb the US bonds ? So ?

[@trisarmadani]

Run brother hurry up run, faster, more fast and be a faster, hold on, whait a few minutes, where and which place you will running out.. in the inside the house.. btw, what ever and any way ever..

[@georgemavrides3434]

The amount of times he rehearsed this speech is silly. Saying the same things for 12-18 months now.

[@Starkistッ]

If the fed was political we would know because we would have a depression every election due to mismanagement

[@whothefoxcares]

sir, your remark resembles Joe.Biden.gov/lost+found

[@firstlast8258]

Speak for yourself 🤓 🖕

[@bonniemiller4041]

Fascinating conversation with Mr. Powell. Thank you Scott; excellent journalism.

[@tonysu8860]

I notice though that a lot of the general public are not listening closely to Powell's carefully chosen words. For example, I've heard many use this interview to say incorrectly that the US budget is putting the US on the path to financial ruin and certain disaster. Not true, Powell clearly says that the US is on a long term unsustainable path but is not telling Congress and the US that the problem has to fixed today and all at once. It should be pointed out that a main reason for the current US budgetary "unsustainable path" is due to the cost of money aka interest rates affecting the affordability of refinancing debt. First, most of the US National Debt is in 10 year Treasury notes, so the Congress has about that long or a little less (or more) to chart a different path forward regarding debt. It should be pointed out that not long ago when interest rates were exceedingly low that the US probably actually made money on increasing the National Debt... For the fixed cost of a fraction of a point interest per year, the US GDP was growing about 3.5% compounded annually. Financial conditions have changed, and it's probably prudent for Congress to adjust accordingly but there is no reason to go crazy and adopt something like a balanced budget all at once which would inflict harm by suddenly terminating a number of beneficial programs.

[@Mbahoue95200]

@@tonysu8860bro the budget is always balanced. There is no such thing as an unbalanced budget. You’ll pay for it via taxes or inflation

[@Mark-oi6dq]

We can't spend what we don't have but the government can? It's time we fix America first