Fed Chair Jerome Powell: A Rate Hike Is ‘Unlikely,’ But There Is a Scenario of No Rate Cuts

After keeping interest rates unchanged at 23-year highs, Federal Reserve Chair Jerome Powell told reporters that “it’s unlikely the next policy rate move will be a hike.” Powell pointed to a lack of further progress in bringing inflation down to 2% and noted that the path forward is “uncertain.” He also dismissed talk of stagflation and outlined economic scenarios in which the Fed would consider cutting rates, holding steady, or hiking.
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#Fed #Powell #rates #centralbank #economy #inflation #stagflation
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[@HipHopCantSaveMe]

Lol, welcome to stagflation everyone. The next 15 years are going to be very very tough

[@ronaldhill8423]

Need help, PT only

[@user-iv1qh4nz5k]

lol not if your primed and ready lol gold silver cryptocurrencies

[@Uncle-Thursday]

These people really think the public is crazy😅. We are on to you people. The opposite is true. Took me a while, but I got it!

[@TomiBear5]

They will act like everything is ok all the way to the bitter end. Can't have panic.

[@rfreebing]

Lying by design to gaslight and ignore the facts.

[@paulbiscaro578]

All by design. Wakey Wakey ⏰️

[@Gold_Nuts]

wakey wakey hands off snakey

[@jeremyfisher8461]

BS,BS,BS,BS.......

[@danielwoolman8969]

This guy is a joker. Anything he says is inconsistent and changing constantly. His job is to fluff the traders psychology and make them feel safe.

[@SurLaMer_]

True His main job is to conduct psyops

[@roccoforte6889]

💯💯💯

[@Jayshadys]

Forget inflation. Wait until you see the tax increases next year.

[@abrahams.lincoln6749]

Does this guy even believe his own BS?

[@JAD1DAD]

This guy is just full of it!

[@slowridefpv9668]

Great recap, inflation expectations are not anchored among the folks I talk too.

[@johngordon880]

Oh dear......let alone the aged , poor an homeless, the working an middle class are really in for it!😢

[@chris26plus]

So defensive about stagflation. Oh its going to happen. Smh

[@modernsaver-km5ex]

Personally I’m hoping this will drop the price of gold at least for a little while, so I can go out and buy a little more before it starts rocketing up again!

[@donnagiamo1158]

After the Fed was created they gambled away American prosperity and now they want to create a technocratic dictatorship so we can continue to fund their gambling addiction 😅

[@leonidas953]

Did everyone miss Fed QT dialed back from 90 B per month to 40 B per month? That is huge!

[@hanming100]

Definitely he is clueless just like he put monetary policy behind the curve in 2022

[@user-ur2xv9lk3x]

The rest of the world needs to dedollarize asap.

[@luciferdevil4725]

Gov. Have to buy diamond and platinum and leave gold and silver for coming people

[@luciferdevil4725]

Gov. Tax burden on people rising

[@phils5650]

They only focus on demand side inflation control but ignore supply side inflation control. For example more affordable energy, less red tape control, expedite production holdups, more cohesive society, better relations with trade partners, efficiency measures, cut gov spending. But they don't do that.

[@jojojojojojojo7013]

I'm betting we will see above 4% employment with over 3% inflation. Stagflation. Buy high sell low.

[@abrahams.lincoln6749]

Dude should quit smoking & start telling the truth.

[@bilko_4732]

10yr will be yeilding 10% sometime in 2025!

[@dannypowers4995]

Raise the rate before the entire middle class is on social services programs. Powell knows the true Inflation rate is much higher then the numbers being reported. Could be north of 10 %.

[@user-te2ir2lt9d]

Wef in piace.. you will nothing and be happy. LORD JESUS CHRIST COME SOON. we need hem.

[@johnh5896]

Shrinkflation stagflation inflation it’s all from 0% interest rates from bailouts in 08 train takes a great long time to get rolling Covid and inflation is here to stay .GDP growth has shrunk in real terms but it’s transitory raise rates to 10% for a bit and inflation will go to 2%😊

[@dragon2919]

Good news for who🤔 please don’t lied 😢

[@mfb3042]

He's lost relevance.

[@Charle1958]

This guy speaks babble. As many times as he needs to clear his throat tells me we are listening to a flood of lies.

[@simontee2335]

stop funding wars ,that might help

[@vikramkhaira]

🤣😂 No need to watch comedy movies.

[@brianbenega5280]

Rate cuts are coming soon.

[@ashfield1425]

Ahh. No.

[@brianbenega5280]

@@ashfield1425 before November there will be rate cuts. Don't be fooled. Just like he said inflation is transitory. Yeah right! Rate cuts are coming SOON!

[@leonidas953]

Cuts are coming in June! He just announced QT down from 90B to 40B. That’s a cut of 50B a month!

[@roccoforte6889]

Right his stance will change quite rapidly following certain risk laden events like for example banking collapses that just started end of April for 2024, one of them amidst a few lol

[@leonidas953]

@@roccoforte6889 100% agree Rocco! The tidal wave of printing will be epic.

[@Gold_Nuts]

Powell knows the end game is near, mumbling and stumbling through his words. The 10 yr yield is heading much higher which indicates inflation will not go away.