I don't understand how inflation keeps going back up.... I mean we're only printing a trillion dollars every 100 days. This truly is a riddle.
@joshuacampbell917 сағат бұрын
A real Scooby Doo mystery to be sure
@JefferyStewart-g9u7 сағат бұрын
@@joshuacampbell91No mystery. It's plain and simple price gouging with no corporations being punished for it.
@cfwin17766 сағат бұрын
The more green backs they print, the higher inflation we will get. My dog Scooby is getting less snacks because of inflation.
@mitchellness99206 сағат бұрын
people keep spending getting more in debt
@bookkeepingtipswithty6 сағат бұрын
That debt is an asset on their balance sheet because it is borrowed to the banks. The banks then borrow it to any idiot that will take a loan out, so in the end, it is consumer debt that pays the interest. yes, printing money indirectly causes debt, but it's the dodo's maxing out their credit cards and mortgages that are directly causing it and paying for it.
@mikeg10328 сағат бұрын
Give them all salaries of $50,000 before taxes and see how fast they fix the government 😡😡😡
@napfreedom21538 сағат бұрын
Right 😂😂😂😂😂 50K before taxes. Moves would happen then.
@mammydammy8 сағат бұрын
I love this comment👏
@Roninbuilt8 сағат бұрын
FED is a private bank. NOT part of the government.
@Curiousinternetperaon8 сағат бұрын
You think they care about that “salary” 😂😂 that’s not where the money is
@adhdude28548 сағат бұрын
I'd vote for this
@midnightrider57978 сағат бұрын
The federal reserve is not in serious trouble! People are in serious trouble. This shit runs downhill.
@skyskiler13507 сағат бұрын
Perfectly said
@MORRILL_MUSIC7 сағат бұрын
My crypto is in trouble
@autumnlynn7 сағат бұрын
@@MORRILL_MUSIC My thoughts exactly lol.
@helloitsmehb7 сағат бұрын
@@MORRILL_MUSIC That’s because you just bought your crypto
@Gerardo0320027 сағат бұрын
We all are in real trouble...
@Jakesmusings3 сағат бұрын
These idiots call it inflation; the rest of us call it corporate greed!
@flavius38966 сағат бұрын
"Inflation is down to 2%" means that the inflated prices that have been increasing for 5 years are compounding another 2% more each year. No prices have gone down and none ever will.
@dawnfire824 сағат бұрын
Well, yeah. That's how inflation works.
@TristanMorrow2 сағат бұрын
Target is 4% fwiw
@gridtac29112 сағат бұрын
@@TristanMorrow that's a lie. Target is as high as they can get it without causing a rebellion
@BenHeckHacks7 сағат бұрын
Fed "Inflation is "2.7%" Insurance companies: (shifts decimal point right)
@joseeduardo43276 сағат бұрын
Look at data for storms and accidents/fatalities
@wtfdoino6056 сағат бұрын
Willy-nilly debt creation leads to willy-nilly claim denials. It is all AAA, right.
@jarcadipane28495 сағат бұрын
@@wtfdoino605 Government is borrowing a trillion every 100 days. THERE is NO WAY we only have 2.7% inflation unless you're adding that number to the number we got every month this year!
@wtfdoino6055 сағат бұрын
@@jarcadipane2849 Did you mean to @ someone else? I am just saying debt is being created without suitable assurance.
@kraven44445 сағат бұрын
meanwhile the dollar loses 5% a year, but yeah we're aiming for 2%. lol.. I hope they shut them down.
@irsmun8 сағат бұрын
Inflation is cumulative. As long as we have positive numbers, no matter how small, prices are going up. (or rather your dollar is going down)
@dustin92587 сағат бұрын
This is what too many people don’t get. It’s misleading when they say “Inflation going down”. What they mean is “The dollar is being devalued at a slower rate than it was last year”.
@Andocus12137 сағат бұрын
Then do not keep the dollar for anything other than 3-6 months of expenses. Would you rather have deflation?
@orhanmekic92927 сағат бұрын
You can forget deflation. All they want is 2%. But then again FED is flying blind.
@postmodernmining7 сағат бұрын
And its also a rate of acceleration, not speed.
@tannerdavisr7 сағат бұрын
Okay... But a deflationary period would mean even harder times for people because jobs would be dropped left and right. Especially if it meant going back to pre-pandemic levels of costs.
@Luneytoon7 сағат бұрын
They really said “the public isn’t complaining about inflation as much as we thought, so we can increase it”
@anjijack53927 сағат бұрын
It's what happens when it's been smoke and mirrors that they've presented to the people for the past few years. We've been led down a primrose path. 😢
@samuraitadpole54597 сағат бұрын
This is why educating yourself on what the elites are doing is important
@LAS4956 сағат бұрын
Those of us on a fixed income are certainly worried. When you’re disabled, you can’t just run out and get a job.
@johnc35256 сағат бұрын
Half of the country is actually now pretty happy about high inflation because their Dear Leader said he's going to put tariffs on the whole world and he can't guarantee anything.
@BlackSuperman6436 сағат бұрын
🤯
@mrshaw92015 сағат бұрын
"...another good year..." - the mental gymnastics here are truly unbelievable.
@jarcadipane28494 сағат бұрын
Sure, it's a good year for Powell if you're worth over $200 M
@m.woodsrobinson92442 сағат бұрын
@@jarcadipane2849 💯
@cresbery33046 сағат бұрын
Worst days are coming a head. Bad managements and wrong economy policies.
@getonwithit.28477 сағат бұрын
And congress had the nerves to put in a pay raise request in the recent bill ......
@hi2ca2fl117 сағат бұрын
40% increase!
@bradyshannon84527 сағат бұрын
What if: The raises are based upon actual inflation, and not the cooked numbers? If so, things could get very scary soon..
@bradhaines31427 сағат бұрын
there should be a way to lock their raises to scale with the poverty line. so if the bottom gets a raise, they get a raise. if the poor get poorer, they get poorer. would change the way they work so much
@getonwithit.28477 сағат бұрын
@@bradhaines3142 100%. They definitely would buck the fuck up and start working for us as intended.
@hollowpointdaze73637 сағат бұрын
The haves and the have nots, I wish I could vote myself a nice raise
@vilesleepy12218 сағат бұрын
Powell is the master of speaking nonsense and making it sound intelligent
@non-gmo8 сағат бұрын
He really doesn't sound intelligent
@davidgarcia79168 сағат бұрын
Thank you. I was trying to find a way to word it without using profanity. Anyway fuck him.
@dick73058 сағат бұрын
Doesn’t sound all that intelligent to me. “Word salad” comes to mind.
@uniani018 сағат бұрын
Just another jackass like Garland
@consistenc518 сағат бұрын
I would have gone for Kamala Harris as the master of the word salad lol
@erickilcullen61878 сағат бұрын
The same FED that said inflation was transitory….
@Iamwhosfate6 сағат бұрын
And anyone who believed that has a hole in their head and doesn’t understand anything. Inflation is cumulative and only gets worse. Prices are not going up, our money is worthless
@jarcadipane28494 сағат бұрын
Fed and Treasury Secretary who WAS a Fed Chair at one point! Tell me this isn't intentional !
@m.woodsrobinson92442 сағат бұрын
@@Iamwhosfate 💯
@kimberbergstrom21666 сағат бұрын
Hey Brian, you're doing an awesome job thank you.. how's it coming with that job interview? We the people are all behind you in hopes that you get that job! 🙂♥️
@hardtofindagood6 сағат бұрын
They think this economy and labor market is in good shape. How out of touch are these people
@DJSerpent5 сағат бұрын
They aren't out of touch, they know lol They just can't do shit, because doing anything would mean they just all quit and dissolve the fed.
@kimilsungthefirst68402 сағат бұрын
The economy is great for the rich, that's all that the economic metrics used by the Fed measure. The stock market went up over 30% this year. That's amazing for the Capitalist class, and that's who this country is run for.
@LV9_x2 сағат бұрын
American BUSINESS is doing well, they have continually moved 50 trillion over the last 50 years, estimates can be way higher, but this was based on the Rand organization's paper. In America when they say America is doing well, it means Business, which is the primary beneficiary of American wealth. Every other group, which includes the one you and I are in, is considered a special interest. Black, White, Native American, LGTBQ, ect. we are all part of the non American Business interest group, and as such if we aren't doing well, it doesn't matter.
@LV9_x2 сағат бұрын
A healthy example of this is incoming wealth projections for businesses have incorporated a soon to be figured out bail out. They have black in their ledger based off of American government bailing them out. This extra income allows them to take riskier loans and choices, because they are considered "Too Big to fail".
@OptimusPrime-x9x7 сағат бұрын
The Federal Reserve isn’t in trouble. Who’s in trouble as usual is the average American being negatively impacted by forces beyond their control. More taxes with different names like inflation and tariffs.
@i_like_beer-o2f5 сағат бұрын
Most of life is determined by factors outside your control. That's just how it is. Be glad you were born in America and not Sudan.
@jarcadipane28494 сағат бұрын
They cannot be 'that' stupid. It must be intentional..
@123v-gt8tm3 сағат бұрын
@@jarcadipane2849 No 💩 genius 😂😂😂😂😂
@tonytoloczko52433 сағат бұрын
I agree100%😅
@maristelamembreno52792 сағат бұрын
This is only the beginning. Talk to me mid next year.
@michaelpeebles34908 сағат бұрын
"It has fallen apart" Finally something true from Jerome's lips...
@benofhumble7 сағат бұрын
This is why the guy needs to be on a teleprompter. He destroyed the market
@LordRykard93767 сағат бұрын
@@benofhumble This has been 50 years in the making. The trillions printed in the last couple years were the last gasp of a system thats on its way out. It needs to collapse. It will be painful but we will get through it.
@BrisLS17 сағат бұрын
@@benofhumble Better yet, don't have these pressers, just set the rates, go home, and let people just deal.
@captaincouldverc8 сағат бұрын
Ofcourse is worse. When energy, housing and food were removed from the metric, the metric will factually bare a false result.
@TreeofLife-r3d7 сағат бұрын
Exactly 💯
@anjijack53927 сағат бұрын
💯🎯👏🏻😉
@zf4362 сағат бұрын
and education and health care and transportation and insurance and pest control etc etc etc
@Setofsixty6 сағат бұрын
If this guy was Pinochle his nose would be 10 foot long 😂
@rohitkothari38902 сағат бұрын
Next the govt will say: Market bloodbath is Transitory 😂
@omarvaldez008 сағат бұрын
"Another good year" This guy is way out of touch with the american people.
@gamingwitchutuu4298 сағат бұрын
Who!! The ones in debt or the ones who can spend daddy money
@KpR3337 сағат бұрын
All the ones buying new cars and buying houses. Armenians in SoCal are doing just fine😅
@zanderion7 сағат бұрын
I think he meant Nancy Pelosi
@melissaheredia19177 сағат бұрын
Would you rather face a recession?
@omarvaldez006 сағат бұрын
@melissaheredia1917 Yes, we need some type of correction. If you look at the numbers, it seems like we are already in a recession.
@fass19777 сағат бұрын
He said we’re expecting another good year????? 😂 I guess he thought he was asked about his family’s economy.
@Micfri3007 сағат бұрын
Powell will soon find out what a strong economy the us is when countries abroad are in recession. I really don't know what drug powell is smoking to be so upbeat.
@i_like_beer-o2f6 сағат бұрын
This year has been great. Stock market boomed, low unemployment, solid GDP growth. My personal finances have improved a lot
@Nothingspecial6045 сағат бұрын
@@i_like_beer-o2fglad YOU’RE okay here man. Don’t support the “representation”.
@cometasporelcielo5 сағат бұрын
stocks are up about 20% over last year. The investor class had a banger year.
@i_like_beer-o2f3 сағат бұрын
@@Nothingspecial604 median income and median net worth are also at all time highs. The average American is doing fine, and definitely better than any other country. People just love to complain. Americans also like to waste their money on dumb BS they don't need and then whine that they're poor.
@Vansmackable7 сағат бұрын
I don’t watch these press conferences…don’t watch any of the financial channels…I just come here for a quick synopsis which cuts through all the BS on what’s REALLY going on.
@cometasporelcielo5 сағат бұрын
yeah you'd be better off if you'd go to the actual sources rather than the opinion.
@RoadTripTravel5 сағат бұрын
Ron Paul had it right...we need to "End the FED" Stop printing money out of thin air!
@Texanfirst7275 сағат бұрын
Inflation has been stalled 3 months ago and he still is lowering interest rates. Powell needs to be fired.
@CrystalKat8 сағат бұрын
It’s like the Federal Reserve didn’t want us to believe our lying eyes…. We all know that inflation is a lot worse than what they’re saying and we also know that unemployment is on the uptick. Low unemployment is actually bad when inflation is high. It actually means that people are working multiple jobs because they can't afford to live with just one. Wages are down and prices are up.
@FortyGritSandpaper7 сағат бұрын
Its a slave game under nuanced pretenses. Nothing more.
@Micfri3007 сағат бұрын
The federal reserve is severely incompetent because the uk canada and the eurozone who are the us major trading countries who they sell exports to are either cutting rates desperately or in a recession.
@jogmas126 сағат бұрын
“You can’t hide, your lying eyes….” 👀 “fed chairs seem to find out early.. how to tank the market with just a few words…”
@Kathleen67.6 сағат бұрын
All by design
@miv3666 сағат бұрын
And yet we want to cut taxes for the rich. Say “trickle down economics” few more times
@mvoutour8 сағат бұрын
The only reason they are cutting is to help the govt service it's own debt.
@ThePorkchop17877 сағат бұрын
Then why would they lower the amount of cuts compared to what they planned?
@BrisLS17 сағат бұрын
Yep, they sat him down about that one, I bet he gave them a sarcastic, "thanks team" for that.
@keekeemyfirstcat84106 сағат бұрын
The cuts of interest could have been to help Biden or Harris to get elected.
@Ohh6956 сағат бұрын
@@keekeemyfirstcat8410look how that turned out
@user-vs3nt8ch2q6 сағат бұрын
bingo
@kevinali37007 сағат бұрын
The FED has been dragging this out now for going on almost 4 years with the shenanigans and we knew all along all that transitory crap was a bunch of BS!!!
@mikeautry22715 сағат бұрын
Inflation is 28%...2.7% is bull..everything in America is 28%.
@KidCity19855 сағат бұрын
Not rent
@83drika4 сағат бұрын
nope
@dawnfire824 сағат бұрын
That's not at all how it works. Inflation is measured incrementally over time. If it were 28%, that would mean prices were 28% higher than (say) at this time last year. They're not.
@f1pro9103 сағат бұрын
@@dawnfire82it is higher than last year. Did you check milk, bread price compared to last year? It is more than 28%
@michaelwachendorf20963 сағат бұрын
Projected to jump again soon. If it jumps another 30 percent you're looking at a housing market bubble in the near future. People will have to live off of credit cards and that will cause the crash they been stalling
@Siclone235 сағат бұрын
It's like the band playing on the Titanic as it is sinking
@oldninjarider7 сағат бұрын
Stop printing money. This has been caused by reckless spending and huge deficits.
@MichaelORourkeProd5 сағат бұрын
As far as I’m concerned they can cut 75% of all government agencies and 90% of all federal employees. And those that are left can work out of plywood huts. 🎉
@julitakamaki43864 сағат бұрын
The US government needs to stop giving tax payer money to parasitic nations.
@funnyfacez744 сағат бұрын
Exactly! Trump printing enormous amounts of money during his last year of presidency in 2020 for PPP Loans (Millions forgiven), Stimulus Checks, AND unemployment boosts was ridiculous!
@kyle67814 сағат бұрын
That's why we elected trump because any Democrat would print trillions more for ukraine and for hand outs... if you know, you know we dodged a apocalypse with kamala losing
@FreeMTrider3 сағат бұрын
@@funnyfacez74 tRump signed an executive order in 2018 in the amount of $28 billion (I have also read it increased to $60 billion due to no new markets) agricultural subsidy after his tariffs killed the soybean and grain markets in China. They moved on and now get these products from Brazil and other countries. It's not coming back.
@consistenc517 сағат бұрын
I really wonder if Powell goes home at night and gets tired of his own bs
@ColonelBuzzsaw7 сағат бұрын
My guess is that he thinks he has done a great job on any day that the citizens have NOT begun building a gallows on the front lawn of the federal reserve.
@123v-gt8tm3 сағат бұрын
He goes home and counts his money at your expense 🤑💰😂😂😂😂
@Cresendiz7 сағат бұрын
The inflation rate they give is a carefully cooked number.
@jogmas126 сағат бұрын
Cooked books
@DonnieBC5 сағат бұрын
all the information is public.
@bduncan97244 сағат бұрын
@@DonnieBC ahhh so when has anything ever been truthful. The data released is simply controlled and thus follows their narrative
@DharaUsul7 сағат бұрын
I told yall, everyone please save your money because everything will go up next year. I knew this was going to happen.
@MatthewSmith-uf6tr4 сағат бұрын
If it’s going up, why would you bother saving
@An-Engineered-Journey3 сағат бұрын
Why save? So your bank account can be worth less next year than today? Saving is the last thing you should be doing. You should be investing instead to outpace inflation.
@tomglpn2 сағат бұрын
There needs to be zero cuts the next two years
@krnxemb8 сағат бұрын
Big corporations are hiring overseas foreign workers in all areas including creative and engineerings. No wonder we can’t get jobs.
@northwestjuggernaut7 сағат бұрын
Customer service, IT, sales, manufacturing. America will not survive
@Joe-nx7nj7 сағат бұрын
You mean these google certs aren't going to get me a job?
@helloitsmehb7 сағат бұрын
If they are more qualified then yes
@vv-cv6ud7 сағат бұрын
@@Joe-nx7njnope you will be replaced sooner or later
@Johanthegnarler7 сағат бұрын
No 😂, likely not. Speaking as someone who hires engineers. @@Joe-nx7nj
@zeusmaryusep7 сағат бұрын
They have to cut interest to lessen the interest paid to the $36+ trillion US govt debt. The cut is not for the benefit of average working americans.
@TimHudson-i1w4 сағат бұрын
And Trump want to remove the debt limit. We are in trouble!
@fandomcheergurl10063 сағат бұрын
@@TimHudson-i1w Trump handed them a strong, healthy economy. Biden and cronies füuk it up. Stupid comment stop watching CNN.
@nicolaburgio-ferrara55848 сағат бұрын
Love when the spokesperson says "it's slowing down but it's not declining" and then seconds later "gradually declining but we don't have that kind of precision" lol okay. "The economy is in a really good place right now". "I expect another good year next year". These people.
@ksegg_ffs2 сағат бұрын
When the house is on fire and spreading into the neighborhood, it gets harder to lie about it.
@drokhalis33382 сағат бұрын
Did Powell forget to take his Xanax/adder-all cocktail before the meeting? Why is he verbally stumbling??
@halfcabking8 сағат бұрын
im in shock of how many things they are doing before turning over power
@RecklessG17 сағат бұрын
Really??? You ain't seen nothing yet!
@MORRILL_MUSIC7 сағат бұрын
Completely intentional
@barnabasbucao877 сағат бұрын
Powell isn’t out. Hopefully he resigns but he’s not turning over anything.
@bradhaines31427 сағат бұрын
fed is like supreme court, there until they die or decide to leave
@theblockchaintrapper81817 сағат бұрын
Why hasnt his wig got knocked off yet but Trump gets grazed🤔 Gtfoh!😅 I guess they're working they way up from healthcare CEOs now. Then workin all the way up to government efficiency (DOGE) 😂
@kyrielarenta73737 сағат бұрын
<a href="#" class="seekto" data-time="307">5:07</a> “ let me find these numbers” he’s so full of it 😂😂
@sameagletheregal85267 сағат бұрын
"Let me make up those numbers."
@Dennis-eo3bn6 сағат бұрын
haha, he almost got me on that one
@deryaner357 сағат бұрын
I think I am tired of the Federal Reserve manipulating what affects the American people while they do not seem to be living in the same world we are. Inflation continues to rise and the interest rate is not helping the people.
@cometasporelcielo5 сағат бұрын
uh, the whole point of managing the federal funds rate is to help curb inflation. but i guess they should've done nothing in 2008.
@randomone48324 сағат бұрын
I thought this was Biden’s fault?
@leonardfuqua71972 сағат бұрын
The end is nearer than you think! We're in the final hour.
@beccascraps81417 сағат бұрын
Incidentally, with the impending tariffs , inflation is going to skyrocket. “Another good year?!” What planet is this guy living on?
@mattsparks59574 сағат бұрын
Yeah, inflation is up because of the tariffs Biden implemented in May of 2024
@jarcadipane28494 сағат бұрын
I think that it is possible, however, I think that the tariffs will actually spur greater investment in the US and an increase in employment. As long as this is done at a managed rate, we should have more products and services to choose from here and hopefully with an appropriately tax break, net costs should be lower...
@nFWAYGo8 сағат бұрын
We all knew inflation was much worse. Lol but hey let’s give all the politicians pay raise for sucking in their jobs
@BrianButterworth-s4z7 сағат бұрын
Fed isn't government. It is a private bank our congress let steal from us.
@DonnieBC5 сағат бұрын
Inflation is an average and is not meant to represent any single individual consumer.
@css98858 сағат бұрын
We are all in trouble. Life to get even more expensive soon.
@agungshafari83558 сағат бұрын
The great melt up
@vitaliyv18498 сағат бұрын
💯
@SpaceCredits7 сағат бұрын
Intentionally done
@ronaldhernandez68667 сағат бұрын
I thought Trump was going to fix inflation. Trump, the liar!
@malgosiak7907 сағат бұрын
He's not president yet is he? Lol@@ronaldhernandez6866
@luckielefty77157 сағат бұрын
Raise your hand if you already knew everything that was going to happen because Brian already told you what was going to happen 🙋🏾♀️. Powell < Brian
@mooncoos5 сағат бұрын
The Reserve should be thoroughly investigated.
2 сағат бұрын
Can't
@johnmore70897 сағат бұрын
Funny. Soon as Trump comes in it's fallen apart. How is there inflation when the economy is shit
@robertadams15582 сағат бұрын
That was the plan blame the economy on him
@griffinarcher29118 сағат бұрын
How can they ask the same question 4 times and still not get an answer. He's so slippery
@edcooper43014 сағат бұрын
As is all of our current government
@fandomcheergurl10063 сағат бұрын
Powell is cut from the same fabric as Kamala all talk and no answers, incompetent and unqualified
@skyskiler13507 сағат бұрын
Powell is too old for this job. We need the next generation in there.
@jonathantaylor69266 сағат бұрын
Na the boomers own this cluster.
@evefam49844 сағат бұрын
@@jonathantaylor6926this one and pretty much every other department.
@S1n1st3r0n37 сағат бұрын
I used to pay $3.50 for a carton of 18 eggs. Gradually the price went up to $7. Yesterday I paid $7 for 12 egg pack. Even the rotisserie chickens have gone up from $5 to $9.
@vv-cv6ud7 сағат бұрын
So what’s your point ?
@johnc35256 сағат бұрын
Egg prices were affected by bird flu. Kroger was caught red handed admitting they raised prices above inflation.
@bobb79186 сағат бұрын
I’ve noticed that too but inflation is low 😂
@cristiannegru80386 сағат бұрын
Must be your state. Here in Oklahoma it's $3.50 for a dozen eggs and chicken is still 5 at Sam's and Costco
@2cartalkers6 сағат бұрын
Geez, it's simple, QUIT EATING!
@jaym98466 сағат бұрын
FED is government's fall guy.
@puritanbob7 сағат бұрын
Good stuff as usual, real economic analysis we won’t get from the mainstream media.
@Jupiterxice7 сағат бұрын
We need to get rid of the Fed Reserves. There I said it and meant it...........
@Harpazoclothing7 сағат бұрын
Don’t worry, a CBDC will be their “solution.”
@amvet_gwot19697 сағат бұрын
Congress should be paid based on the median household income in their state.
@gnjprice4 сағат бұрын
They will just raise that laugh out loud…. Until we remove government, we will always be controlled.
@jarcadipane28494 сағат бұрын
They ARE actually looking for a 40% increase right now with this new 1500 page bill ...
@amtru138 сағат бұрын
raise the interest rates to 8 percent, get it over with
@ScottDieken8 сағат бұрын
you will look really smart when inflation takes off.
@gamingwitchutuu4298 сағат бұрын
Shut up
@bradhaines31427 сағат бұрын
@@ScottDieken no, it would just almost instantly crash the economy, then force a reset of how most businesses work
@rdee74067 сағат бұрын
@@ScottDiekenI like inflation, I have a mortgage at 2.75%
@FlintIronstag237 сағат бұрын
@@ScottDieken In 1981 Fed chairman Paul Volker raised the Federal Funds Rate to 20% to stop the long festering inflation in the country. There was definitely some economic pain, but it did finally bring inflation down.
@LowEnd-DropC6 сағат бұрын
Inflation isn’t coming down fast enough, he should have raised .25 back in Sept. He will be lowering rates much faster next year, will be the same as back in 2008.
@edcortes57646 сағат бұрын
Love how he reacts with total frustration. Best analysis I've seen on utube.
@killlamas578 сағат бұрын
The Fed should be embarrassed
@buyerbware257 сағат бұрын
The correct spelling is "eliminated."
@jarcadipane28494 сағат бұрын
They are getting richer and the American public is becoming poorer , day by day by day ..
@Earthdweller19587 сағат бұрын
The Fed is out of it's depth. Someone should have ask him why a new Ford F150 with a basic trim package cost $50,000+ and why most working Americans can't afford one.
@jimson116 сағат бұрын
$50,000 cars were never meant for “most working Americans.” Cars are for getting from A to B
@jonathantaylor69266 сағат бұрын
I was talking to a guy about his excavator. Nice machine. He paid $46,000 brand new from the dealer just over 3 years ago. I recently got multiple quotes for this exact machine and its now $61,200. This is especially crazy because the dealer lots are full. There was a time you had to wait like 9 months after you ordered a machine so I sorta understood the higher prices at the time.. but the dealers now have stacks of these things yet the much higher prices remain.
@mrsc17425 сағат бұрын
I think that's his point. It shouldn't be 50k. The average American can't afford it.
@DawnRK32044 сағат бұрын
Yeah. We need a business truck but cannot afford it, so we keep using our family van.
@1980maranda8 сағат бұрын
Get these Boomers out of office!!
@d.l40557 сағат бұрын
It's systemic retaliation, not Boomers.
@scotteric87117 сағат бұрын
Don't worry, bed time is coming. Same with the oldest of Gen X.
@vladimirofsvalbard94777 сағат бұрын
@@d.l4055 Boomers are interested in maintaining their asset values at the expense of the rest of the economy. It IS age driven; such a pathetic system.
@albertgarcia80707 сағат бұрын
Such an uneducated comment. Being a boomer, gen-x or z doesn't matter. It the type of person were placing in these positions. People who are greedy, selfish, have no morals, ethics, and values. These type of people are in every generation.
@d.l40554 сағат бұрын
@@scotteric8711 You better move out of the basement before they are.
@ransonhall48346 сағат бұрын
I know this takes a lot of time to video edit. I appreciate you doing these videos. Saves me so much time!
@dannyivantv6 сағат бұрын
Perhaps, ~3% inflation with ~4% unemployment is better compared to ~2% inflation ~5% unemployment in the eyes of the fed. Thoughts?
@ross-smithfamily63177 сағат бұрын
Wow!! Powell had a really difficult time answering those questions. Either he can't answer in good conscience or he intends to foster confusion or expectation of not cutting interest rates AT ALL.
@anjijack53927 сағат бұрын
Someone got to him a few years back. He hasn't been the same since.
@shengyang0211858 сағат бұрын
Somehwere in America, Mario is heating up his 3D printer and taking a closer look at the data...
@briawaller27747 сағат бұрын
😂😂😂😂😂 love it
@misterkid7 сағат бұрын
We need Bowser
@PineappledoesnotbelongonPizza25 сағат бұрын
Mario?
@conheo44 сағат бұрын
Free Luigi
@Fromhometohustle7 сағат бұрын
We knew they were lying…
@lucasgaeta34037 сағат бұрын
cuz their lips were moving
@Rick-y7r4 сағат бұрын
Leaving a mess for Trump
@vector0062 сағат бұрын
I mean Powell stated they are cutting because current rates are still restrictive... He's said repeatedly before that they are walking a fine line and dealing with lagging indicators. I think he's cutting less to ensure progress is made to move the economy forward without giving oxygen to inflation to start burning again. Once DOGE starts cutting trillions of dollars off the budget, we're in good shape imo
@mattbleiler72948 сағат бұрын
They should still be raising the rates.
@dragonofparadise7 сағат бұрын
If it is actually Inflation they care about, they are actually worried about the interest expense on the National Debt getting so high that they cannot pay it with massive amount of fantasy money printing.
@jarcadipane28494 сағат бұрын
Makes you think he is doing this intentionally to make the new admin experience some resistance...
@skyrob65058 сағат бұрын
Everything is and still is getting worse day by day and over night
@scooter06rb8 сағат бұрын
It will get worse when tariffs kick in.
@LordRykard93768 сағат бұрын
@@scooter06rb Bro would you like to pay half of the taxes you pay now? You should be begging for tariffs.
@RMwhite8 сағат бұрын
@@LordRykard9376begging for tarries? 😂 Jesus, don’t show your idiocy so flagrantly
@scooter06rb8 сағат бұрын
@@LordRykard9376 tariffs are a tax on imports. I am not rich enough to benefit from Trump's proposed tax cuts.
@griffinarcher29118 сағат бұрын
@@scooter06rb IF the tariffs kick in. tariffs on ME and CA are unlikely and so what will really have impact is the tariffs on China, if those are to happen
@GilbertVelasquez-r6b8 сағат бұрын
Lol I monitor inflation with the price of eggs 😂 I'm serious
@imwrongbutlisten8 сағат бұрын
Bird flu
@eriction848 сағат бұрын
@@imwrongbutlisten More Fauci nonsense.
@TheGeorgeee138 сағат бұрын
$32 here for 5 dozen eggs in CA
@lateralus65128 сағат бұрын
@@TheGeorgeee13 5 dozen? So 60 eggs? Why not just measure it per dozen (12)?
@TheGeorgeee138 сағат бұрын
@@lateralus6512 yeah 60 eggs is 5 dozen? What are you trying to say
@dspirit22 сағат бұрын
Rates need to be cut because our Federal deficit is too high. Our Interest payment alone this year is already over $1 TRILLION! But Powell will not mention that as the reason for cutting rates because the Federal Reserve is suppose to be independent from the government. In reality, not really.
@vitalsigns64035 сағат бұрын
He believes the FED? Thats so cute.😂
@matthewmcelyea29707 сағат бұрын
Powell has the Karine Jean-Pierre starter pack, constant deflection, non answers, all he is missing is the giant 6” binder. Insane how out of touch these people are. Heads need to roll!
@cometasporelcielo5 сағат бұрын
planning to go luigi?
@hardlife5074 сағат бұрын
If anything from anyone needs to roll. That's the current and new administration coming in. But a Mormon like yourself doesn't understand that. The Fed is the one trying to keep things under control but Sleepy Joe and Humpty Trumpy make it hard
@matthewmcelyea29704 сағат бұрын
@@cometasporelcielonot at all, people in power need to look at the reality of the situation and current state that the average American is in because of their poor decisions. They can’t relate to how we are living because they are up on a mountain. Think about it. Wake up.
@TimothyMichaels8 сағат бұрын
We the people are in serious trouble.
@LordRykard93767 сағат бұрын
Naw we good. The system is collapsing and with Trump at the helm, we have a chance to reduce government down to levels we haven't seen since the 1870s. Is it going to be painful? Sure. But we are going to be doing very well once we get out the other side.
@cultleader35727 сағат бұрын
@LordRykard9376 if we cut 100% of federal workers jobs it saves $280 billion a year. We need to cut $1.95 trillion to just balance the books 😂😂😂 we fucked
@miguelflores86317 сағат бұрын
“We ThE pEoPLe” stfu that shit is cringy af
@kb12367 сағат бұрын
@@cultleader3572 They are trying to cut out a lot of the fluff too that they keep tacking on to these bills.
@colbyharrington61667 сағат бұрын
Trade has a lot to do with that 1.95 trillion deficit. Trump had been there before when the deficit was 1 trillion. Imagine those who screamed 1 trillion was bad.
@CSSZiegler7 сағат бұрын
It's time to abolish the Federal Reserve and replace the current fiat financial system with the Quantum Financial System
@moose71455 сағат бұрын
This is a yes or no question. Your answer? Perhaps.
@worndown82804 сағат бұрын
Let me know when its time. I have my pitch fork, feather pillow and bucket of tar waiting.
@robertjohnson44012 сағат бұрын
The reason the Fed is insistent on lowering interest rates is the federal government is having a difficult time paying their outstanding debt service from the treasury bonds.
@waldo19678 сағат бұрын
Yet my bank cut my savings rate by .25% yesterday. Makes me wonder if this was their plan all along.🤔
@the_freedom_movement8 сағат бұрын
Yeah, webull has been cutting their apr by .25 as well.. I don't like it!
@BlackFreemen7 сағат бұрын
Same with Robinhood. They lowered my APY to 4.75%
@RealMTBAddict7 сағат бұрын
Get a mutual fund. I get 12% return.
@TreeofLife-r3d7 сағат бұрын
Of course it was
@beckiwildeman6006 сағат бұрын
Most all of Congress are related to the Bankers.
@midnightexpress15677 сағат бұрын
It's all a scam. They will never admit it. End of story
@bruceforshay49728 сағат бұрын
Great show - employment was off by, what 1.5-1.9% (in the wrong direction) and inflation was off all this time. The books are sitting next to some Crisco.
@the_freedom_movement8 сағат бұрын
The books are about to be cooked, lol
@krunchyapples6 сағат бұрын
If their mouths are open they are lying
@elvo62172 сағат бұрын
I heard different answers out of him then you implied.. i hear the direction is right over all and the progress has been good for the total year but right now its slowing down and they are just being cautious. Their projection is still that it will further improve deflation But all i heard you saying is that he said inflation will go up .
@YupMhhhm3 сағат бұрын
They aren’t stupid, they are lying to you. Since when has anything to do with money also included honesty.
@m.woodsrobinson92442 сағат бұрын
💯
@vincentnnyc8 сағат бұрын
no wonder the stonk market drops 1000+ points yesterday
@sunnyside92737 сағат бұрын
Profit taking & repositioning is all
@TimHudson-i1w4 сағат бұрын
It should be around 15K. It is so inflated.
@IndigoValley928 сағат бұрын
Powell is incompetent to answer
@innaminute5238 сағат бұрын
They're cutting rates to help the big debtors.
@jasona58068 сағат бұрын
commercial real estate and the Gov
@gamingwitchutuu4298 сағат бұрын
@@jasona5806no! The people
@skyskiler13507 сағат бұрын
Bingo! Thry are working to keep the wherehouses from going under.
@casadoroger5 сағат бұрын
Thanks for breaking everything down so thoroughly. Your content is excellent.
@snail4152 сағат бұрын
And people wonder why all the sudden there are ‘drones’ flying over Jersey. “Look over there! Aliens wanna finally clean that joint up! Meanwhile, we’re gonna prepare our bunkers…”
@deborah55788 сағат бұрын
he should be fired
@Demonico48 сағат бұрын
Absolutely not, Powell has been doing a good job.
@bansheezs7 сағат бұрын
anyone who said transitory inflation in this position should have been fired long ago.
@ForeverDownByLaw2 сағат бұрын
Can't be.
@IIIIthruXII8 сағат бұрын
You have people struggling on bills of all sorts with no help but yet this govt can be all relaxed knowing things are getting worst
@schan95476 сағат бұрын
The more we suffer the greater profits they rake in. Sky high energy bills and property taxes. Tariffs are taxes; plus more taxes due on higher prices. Trump wasn't lying when he said this will be the most prosperous time in American history. Prosperous for the elite.
@MisterBlinkBlanco7 сағат бұрын
<a href="#" class="seekto" data-time="80">1:20</a> Gotta stay triple masked up in 2024.
@paulherbert55482 сағат бұрын
Red Badge of Courage.
@beachbumLifestyle7 сағат бұрын
Black Friday and Christmas is why 😂 after Christmas you will see inflation go down
@chrisjpritchard3 сағат бұрын
I'm a lone wolf analyst, and I was saying all along that back door public cash injections are preventing real rates from coming down. In fact it was well known that manufacturers have made price increments because they know the public had extra cash in their pockets because of the cuts . So its a vicious circle as manufacturers design new cash margin for profit either by removing items in boxes , shrinking the boxes , or hiding the items in the box with more air. I projected Dixie, back in 2022, at 114-118 when all the dust has settled and US 30Year yield topping out at about 7%. I still maintain that view meaning I saw common knowledge history being re-baked.
@chuckchan41278 сағат бұрын
Be straight with me: are we at risk of entering a Depression?
@deadman13677 сағат бұрын
the best question
@paulherbert55482 сағат бұрын
No. worse. Hyperinflation.
@ForeverDownByLaw2 сағат бұрын
No.
@kcloveonaleash8 сағат бұрын
Word salad- Jerome is a master at it
@rob41478 сағат бұрын
JPOW messaging is all over the place... revising the job report by almost 1 million each time makes it really hard to trust anything he has to say.
@joshuaableiter45454 сағат бұрын
Right now the Federal reserve is hagrid from Harry Potter saying, "I shouldn't have told you that..."
@soswalter5 сағат бұрын
Yesterday's NAMBLA meeting must have been canceled for Powell to be answering so many questions