BREAKING NEWS: John Kennedy Rapid-Fire Questions Fed Chair Jerome Powell About Economy, 'Bidenomics'

At today's Senate Banking Committee hearing, Sen. John Kennedy (R-LA) questioned Fed Chair Jerome Powell about the economy.
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[@jds6014]

Unsustainable, PERIOD

[@ShaighJosephson]

Our country has gone full corrupt under these demons... ☹️

[@jamiewoods9222]

I'd agree with that!!!

[@rxtrx765]

as a foreigner, can you please elaborate what do you mean by corrupt and demons? how is the goverment corrupt? i mean, a private company (FED) has to give testimony to a govermental instutute, this is the opposite of corruption.

[@john72ss]

yes! so vote them all out! do it!

[@robroilen4441]

Surely you're talking about Kennedy lol

[@jamiewoods9222]

@@robroilen4441 Seriously, you think Kennedy is corrupt? I'd say he's the only honest one their.

[@shaneb4923]

“We Have To Pay More To Live Worse”!!! Outstanding Work Senator John Kennedy!!! 🇺🇸TRUMP2024🇺🇸

[@danielhutchinson6604]

So you support eliminating Jobs because they are created by a Democrat Administration?

[@barrybarlowe5640]

I always like to check in on Questioning from Rep. Kennedy. He keeps a blowtorch ready for dishonest politicians.

[@gaillee436]

😂

[@jeffconnor2447]

Along with Hawley, Cruz, Jordan If only we could get HONEST answers instead of lies, filibustering and getting elected into their position.

[@robroilen4441]

Kennedy is maybe one of the dumbest politicians out there when it comes to understanding the economy

[@kicnbac]

That's all he does. Talk.

[@charlialexander6369]

@@jeffconnor2447 if they told the truth, they would all go to prison.

[@craigcolbourn8351]

Powell chokes up when confronted about government debt propping up the jobs numbers.

[@RJ1999x]

It's the corrupt looking to brag about the jobs they created, they forget to tell you it's your tax dollars buying gaslighting

[@gumed85]

Yes, but excessive spending is the government’s fault

[@goodfty]

Powell isn't at fault for that

[@user-qv9dk1zt7h]

The elites are better off today, just not the poor hard-working taxpayers..

[@SteveJC]

So what you're saying is it's according to plan.

[@UndertakerFromWWE]

The politicians like to try to hold the fed accountable yet they’re the ones who passed budgets in a deficit…

[@fresh-thyme]

why do people call them elites? it's like putting them on a pedestal.

[@spencer6879]

So don’t be a poor hard working tax payer. Play the game accordingly

[@jaredroussel]

"I wouldn't touch a sentence with that word in it." 😂😂😂

[@astroNexx]

ngl that was quite funny

[@markbrown2296]

FJP

[@ThePoehladian]

🎯

[@kingsleyscott74]

FDT

[@user-os3rw7mc3z]

@@kingsleyscott74you need to wake up!

[@regbale]

And you all thought we lived in a “free” country.

[@EmMi-b4i]

Ain't nobody controlling g me?? Still have alllllll my weapons and thousands of all kinds of ammo

[@contemplating1015]

😂😂😂 good one...

[@visby2548]

Relatively free. You can criticize the government and the leaders directly. Try criticizing the heads of state in Iran, Russia or China in any serious way.

[@johnd.5601]

I have not thought that since the Patriot Act! Then 2008, American institutions stole our homes and taxed us into poverty! I hate this country! 2020 covid-19 pandemic and American banks robbed us and cheated American citizens! 2022, they robbed us again and cheated us!

[@regbale]

@@visby2548 I have your permission Darren?

[@dandagerman6604]

Kennedy is a champion!!

[@mantaraymartin8035]

Yes. "Oh...go on then...tell us anyway"!

[@lancelotdufrane]

“Yes, but….. let me spin those numbers”…

[@user-kl8hn8mz1u]

Trump 2024

[@LawrenceBroussard]

feel, the reality is most people are hurting and it is getting worse!

[@edcctf]

People don't feel better off because they aren't! They are worse off and it's going to continue.

[@user-kl8hn8mz1u]

Your tools aren’t working

[@john72ss]

use your voting tool!

[@MJ-fj9yv]

@@john72ssDepends, about 16 millions may nullify that vote 🗳️ if Republicans can get their bill through.

[@danefrye4504]

END The Federal Reserve!

[@goodfty]

No, the fed is a great tool

[@heathervontopp5216]

Go Senator John … you are the best! All the best from New Zealand.❤

[@ISpitHotFiyaa]

The cause of the inflation is sitting right there talking to you, Senator Kennedy.

[@marioarguello6989]

Wrong, his bosses are the reason.

[@rexmundi273]

Government spending is the reason. Not the Federal Reserve.

[@babajesusiq]

The work is done Thank You

[@blumaxx1]

What a crap show this current senate assembly is,,,yet ,these clowns get paid regardless of being productive or not😮

[@ympfilms8872]

Pay more and live worst was the correct statement

[@hobarttobor686]

High Priest Jerome Powell speaks to the peons.

[@jerryshelton1481]

John Kennedy is right government creating jobs to make it appear that unemployment is not as bad as it really is

[@GeeenoS]

Your tools haven’t done anything pal.

[@johnd.5601]

It made the wealthiest people in the world even wealthier than ever before! Jerome Powell works for the wealthiest people. American citizens are not even a 2nd or 3rd consideration!

[@louishall3700]

Oh they have, usually two years after rate hike things tend to go extremely bad . Business, banks, and leverage people have to refinance eventually, and the can't afford the new rate. (You close said business)

[@goodfty]

According to the CPI report they have. ;)

[@jiyounglee6150]

senator kennedy not only has the fact but being very nice...😊thank you

[@donnerpartysupplies5187]

The tools used by the fed to balance supply and demand failed. Or the people using the tools failed. Since we have not changed the tools they use, which people are responsible for inflation?

[@Mike-jm5wt]

No admission that increasing the money supply caused inflation? Good lord man this is economics 101.

[@bryallen11]

If you remove the political posturing from Kennedy's point, translation is that America has become a bureaucratic cesspool almost entirely reliant on government free money

[@CARLOSESCOBAR-tz8yc]

The government takes our money, there is no free money.

[@babajesusiq]

Thank You true

[@Jeff-ih8gi]

You don't lower prices by increasing the cost of doing business! They have to lower interest rates!

[@JamesBond-jb2yi]

Senator Kennedy sent the message to Chairman Powell: be careful with this economy, will you? Why? We pay more for less.

[@nanomachines2985]

So inflation has nothing to do with a decrease in currency value, only imbalance of supply versus demand? Very disingenuous. Unless of course you consider our fiat dollar as a commodity that can be supplied and demanded. Like the money they loan out to banks on a daily basis

[@joepappas4968]

Currency inflation drives demand

[@BillyColeII-dr6dk]

Inflation rate does NOT include "Food and energy".....Google it.

[@tonygarcia2591]

10 trillion on Green new Deal and Covid - another trillion on Bidens illegals and ukraine war. Americans get to pay for endless trillions and live in tents in the coming years.

[@ssuwandi3240]

Fascism is the top# 1 problem that triggers inflation!! If they didn't need the loans to create jobs, THEY SHOULD REFUND and say THANKS JOE, WE ARE FINE WITHOUT THAT MANY CASH FOR 5% INTEREST GIFT From TAXPAYERS

[@astroNexx]

I mean you could interpret it also as supply and demand of MONEY itself, which would be very much true.

[@frankseprino8610]

Can ANYONE in this administration EVER directly ANSWER a question????? NO!!!!!!!!!!!!!!!!!!!!!!!!!!!

[@lee58901]

Great job. Only 3 statistics I’d add are that we lost 1.5M jobs year-over-year, most of jobs added are part time jobs, inflation has gone up 22.5% in 3 years exceeding wage growth.

[@klobasa007007]

FED needs to reset the market...the ones who lived responsibly to this point will have once in a life time opportunity to buy cheap assets and gain financial freedom, other not so much since they will go broke, and will lose every thing. Inflation will come down, prices will stabilize and economy will get healtier, it is economic cycle since first industrial revolution, but before that there will be pain. Great investor Warren Buffet says, "Only when the tide goes out do you learn who has been swimming naked". Free money is no more, now its time for cash pile.

[@stefanonbekend8177]

Exactly!

[@stefanonbekend8177]

Default of the national debt. Bank bail ins, interest rates can go up then.

[@babajesusiq]

Thank you for your work and for long work and thank you again for your work experience but time to joy

[@herbankidd]

Lowering interest rates will just make inflation worse

[@davidyare8465]

Kennedy to an outsider appears to be a hilly billy but he is a genius.

[@patricklanasa9149]

He was Secretary of Revenue for 3 years and butted heads with the governor who appointed him continuously. He was State Treasurer and always butted heads with the governor and legislature. He had the crazy idea that his job was improving the finances of Louisiana not politics and going along with the status quo . Saved Louisiana billions of dollars. Reply

[@8ema533]

Mr. Hainey on Green Acres

[@itsallminor6133]

Wish he'd run for president

[@privateAcc0unt]

I'm in Australia and I just love watching him in action brilliant.

[@jameswatson5501]

Bigger government is unproductive expenditure and we are racing towards socialism big time!

[@GaryRoenickr]

Senator Kennedy is So Good at questioning these people and his term, Bidonomics is spending more to live less is so accurate

[@robingaray8321]

I’m ready to move to a different country. I’m afraid of starvation and homelessness

[@Nah481]

Companies are raising prices because they believe customers are expecting them. Not because it's actually needed

[@ScottPearson-wl4tu]

You have a very rich heart ❤️ your very beautiful person and I wish I had a friend like you truly. Be blessed 🙏🥰

[@user-rn1sl9bt8s]

Is it amazing that they couldn't get Jerome Powell to answer the question about Biden nomics

[@stevemt3238]

It's time for Powell to go to jail.

[@lemairegilles2]

You do a very good job 😁👍

[@brianshowa45]

I lived in Japan more than 10 years ago and just recently went back to visit. Back then I could get a delicious bowl of ramen for 1000 yen, and surprisingly I could still get the same bowl of ramen for the exact same price! Americans are being screwed by the Fed and for having the "world's reserve currency" and most people don't even realize it.

[@chuckinhouston9952]

Could we please get an economist or accountant or someone other than a lawyer to chair the Federal Reserve? Boog Powell is a lawyer, and I question how much he knows about inflation, the money supply, and economics in general. He is more of a political hack than an economist. An imbalance between supply and demand does not cause inflation. It’s a symptom of inflation caused by too many dollars chasing too few goods and services. We can do better than Mr. Powell. Much better.

[@harveywilkinson2432]

You just want someone who agrees with you. The Supreme Court just eradicated all the professional expertise in all executive agencies in favor of them deciding, in a decision where Gorsuch repeatedly refers to "nitrous oxide" as a source of global warming. Nitrous oxide is laughing gas used by dentists, and does not cause global warming. But you are not outraged by this because it is a MAGA court issuing MAGA culture war rulings. If you were at all consistent in your ideology that we should respect expertise in government then you would be more outraged with the MAGA Supreme Court than you would the chairman of the federal reserve not being an "accountant,' who are just pencil pushers who do basic arithmetic and have ABSOLUTELY NO QUALIFICATIONS to run the federal reserve. My god.

[@onemanwanders]

The “land of plenty” is one of the most expensive nations on earth. America runs on its brand name but the product doesn’t match the hype.

[@GFRESH636]

Someone explain to me why fudging the numbers by making government bigger is good for us? So low unemployment

[@tim9520]

The Monopoly money is nearly gone, but the Fed has an Uber driver heading to Walmart to get a new game board and some fresh fake money😂

[@KG_yt2]

"I wouldn't touch a sentence with that word in it" --- Yeah, not while your boss is watching. Shocker.

[@davicpetrovski155]

The country that can print how much money they want without consequences

[@deserttrainguy3235]

Sen Kennedy is just about the only senator I can stomach listening to.

[@dixter1652]

you want to see inflation... just wait till they lower the rates... everything will go sky high then....

[@mrme3717]

The monetary system has evolved since 1690, not by natural forces; but rather by the designs of bankers, who profit by their manipulations. Therefore, what you are experiencing today is not what it was in 1940, or in 1900 or in 1860 etc. It is important to keep this in mind, that the currency system is still in a state of flux, and ever further manipulated to advantage the banker and politician, and disadvantage further (steal from ) the ignorant common people (99.9%, ) but we the people dont understand this, or the extent to which monetary practices have evolved to steal from us, because in our minds we work for money, our parents worked for money and so did our grandparents, so isn't it all pretty much the same with a little bit of inflation ? Hell no ! There have been massive machinations and manipulations designed to harvest your work and energy to the advantage and privilege of a few. And because monetary principles are abstracts that cannot be seen with our eyes, they require mental effort to get our heads around. They are in fact, a completely separate topic to practical daily living, yet they effect our daily life totally. The first principle to understand is that you have been robbed of real money by successive bankers, because the whole idea of 'Money ' is to hold something of real value as your own property, and to receive something of real value for your labour and productivity. But you get nothing, you get zero of value. You get paper, or plastic or electrons for your work and efforts, and these, having no fixed intrinsic value weight or measure, can therefore be manipulated and devalued before you even believe you have it, and faster than you can accumulate it. Devaluation through inflation is the insidious tax your vote or will has NO power to address; the banker alone retains that privilege, and uses it to rob you every second of every year, night and day. You have been hood winked by slight of hand and mind into accepting a constantly devaluing IOU for nothing, all at the point of a gun, because 'legal currency ' means, you shall accept this degrading note alone for your labour, or the armed sheriffs will pay you a visit, and commit further theft and violence upon you, as the state retains to itself the Exclusive franchise to exercise violence. When the State does violence, that's OK. Your forefathers were paid in real money, Gold and Silver, but the bankers were limited in what they could loan out by metalic money, so they sought to do away with it, and they invented the promissory note, the 'bank note' which promised to be redeemable for a Silver or Gold coin. They did this to remove the natural restriction on what they could loan out, because new debt at interest is their primary tool of harvest. Then, gradually, they removed the metal altogether, telling you it was for your own good, because now you could have a booming economy and more commerce, and no limitation on how many hours both you and your partner could work . (The 'full employment' mandate simply means you all shall work all of the time until you die, but in the 1700s 6 months work would keep you alive all year if you owned your land. ) Once they had the Exclusive note printing power, they went to town, printing any amount their bought servants in government wanted, creating the national debt, whereby an unborn child is born in servitude and serfdom to an now $100,000 to $ 150,000 debt to who ? That would be the share holders of the Federal Reserve if you live in the United States, or the Central Bank in your country, and also the large private banks, for once government abrogated the currency creation power to both the Central and large private banks, they must then go cap in hand to the banks to build new public infrastructure. So now every county, state and nation has indebted their ' citizens' in totally unpayable debts to the currency creators. Meanwhile after Bretton Woods the Federal Reserve sent its agents around the world to ensure that all Central banks were created in its own image, doing exactly what it does, so no one shows them up, even though quite a few Central banks are not privately owned like the Federal Reserve is, yet they still create ALL new Currency as Debt which indebts you, your children and grandchildren forever. That is a small taste on the first faulty monetary principle and that's before we talk about the unpayable interest on the new worthless currency that they create for zero cost. There are 4 faulty monetary principles in practice that ensure 99.9% will live in servitude to the .1% Unless you educate yourself and then teach your children and grandchildren, you will remain enslaved, 70% of your work goes to the bankers and bureaucrats.

[@markpedzinski4950]

Corporate greed caused inflation...

[@flickeringflame6161]

The blob is growing . That's what government does . Just grow .

[@CSGATI]

Bidenomics = Badonomics.

[@jerrysullivan7223]

Yes it is but....... ?

[@fishheadcurry4793]

High interest rates are just stimmy checks for the rich

[@Donrousie]

THERE IS NO JOBS IN CALIFORNIA..YOU HAVE TO SPEAK SPANISH.. THEY WANT HIRE YOU UNLESS YOU CAN.

[@therafter7494]

Crap with sprinkles is still crap!!!!

[@petermannix1772]

There are deep concerns about our finances. Everything is going up📈.

[@MonroeAbney]

I am a person from brain surgery but I still listen to our government I have a lawyer that's $7,000 to get me back to the state I was born in if I go back to work then I owe the hospital $650,000 I would love to go back to work to sit here and die

[@Jesse-do4nm]

in the USA? All you need to do is make payments of $5-$10 a month and the hospital can't do shit.

[@HuSkOgS]

Kennedy said the silent part out loud, which is that it's all about feelings. The U.S. is by far the country that came out of COVID with the best economic results compared to ALL other developed countries. ALL other developed countries are in a worse spot compared to the U.S. Does that mean people have to feel good about the economy? Of course not. But that doesn't change that fact that the current administration and Fed navigated the widely expected pandemic and post-pandemic recession/market crash like an absolute champ.

[@AntiTheismForever]

Lol, such questions are softballs, nothing hard hitting here. Private sector employment is in the toilet, inflation due to massive government deficit spending into the economy, huge trade deficits, bogus 2% inflation target etc. Powell should be questioned by someone that can ask tough monetary and economic questions. The Fed's market manipulation and interventions are a form of central planning, the Fed should be abolished.

[@wmryan9646]

They don’t want to answer questions that might send them to prison…

[@gauravaws20]

Labor market is still going strong ? Where exactly ? Who is hiring seriously? All those jobs on LinkedIn are fake. Also I don’t want to go from a tech employee to flipping burgers and call it a job.

[@tonygarcia2591]

Are you Americans ready to watch America fall faster than the Soviet Union next year?. Will you even be shocked at this point of that outcome?. The ride is almost over.

[@user-ef9yw9kq4n]

Me going broke is called cooling.

[@charlialexander6369]

In person services means government, taxpayer funded jobs.

[@mattwilliams3260]

Jay bird powell is going to be the end of us! Fact

[@SE-pk7br]

Get that man out of office grey now powell done

[@ChrisC-ei2kc]

The next Great Leap Forward is upon us.

[@urio7146]

Powell is so gangsta 😎

[@larrymatarasso]

Kennedy is very entertaining. But he does sound like Mr. Haney from Green Acres😊

[@ur8up2jabberwocky79]

ILLEGAL CENSORHIP HERE

[@1timby]

Note that many of the jobs went to illegals and many folks are having to work multiple jobs. Meaning that the economy is bad and not good for the nation. We have ample evidence that states are bleeding out by having to care for the mass influx of illegals. Add, the fact that we are giving money to other nations and dismissing college debt.

[@jeanettecameron7530]

Jobs created are not contributing to revenue.

[@ed-gn6kl]

look at how smug and proud powell is for destroying the middle class. horrible person

[@gregorygreene1940]

The public has themselves to blame for this. They voted in the people that spent all that money putting the government in terrible debt. The Fed chairman didn't vote on any appropriation bills in Congress. The whole Fed scapegoating is really foolish. The public simply doesn't want to come to terms with the fact that for decades we voted in people that we expected to vote for bills that would allocate money back to us. Now we are reaping the results.

[@CSGATI]

Im doing a terrible job but it's OK what a worm.

[@KennyAllen-hn3ex]

Social security just took 1/2 my check away for part B I have never used it so way

[@jameshall2299]

Isn’t the fed mandated to keep inflation at 2%?

[@matsmartinsson7180]

no

[@rexmundi273]

Low unemployment and stable prices are the Fed's mandate.

[@user-yy5lz8qt7r]

I can't hire anyone!!!! No one wants to work.

[@deejackson5548]

Love Kennedy that's my boy. Never been a Republican but they have common sense

[@susanx215]

My niece applies to several jobs every day. She hasn’t gotten one job offer for a whole year! Companies say they’re looking for someone but they’re lying they really aren’t. Everything’s been made up to look like the governments improved, but it really hasn’t. Most statistics are a lie.

[@lvioland23]

The only ones still spending are the youth living STILL with their parents! Fire F ED

[@robingaray8321]

Kennedy for vp

[@theetrue4083]

senator kennedy: you forgot to ask the fed chair how much of america’s gold remains in fort knox.

[@anupamsircar111]

US senators should stop wasting valuable time in this kind of analysis paralysis and focus on real action in the economy. What's the point of asking questions when those questioned are never punished for their negligence, wrongdoing, or plain ignorance.

[@proletariat33]

inflation: i'll be back

[@lukehan451]

Man Jerome nearly crashed his pants b4 SJK

[@Joe-jd4pn]

In short. Everything is going to his plan.

[@BroMsonTeast]

Ubseen cooling things are 5 times more expensive than 3 years ago

[@josuerodriguez-sw7xf]

fed printed so mouch in the pandemic now we are all feling the pain

[@caruberyconsulting1611]

Yes,,,BUT...

[@kraaidievoel]

He knows where Kennedy is going 😀😀😀

[@tatersncorn]

well that was dramatic.

[@user-qv9dk1zt7h]

Ask any documented native American Indian If healthcare is government care!!!