Fed Chair Jerome Powell speaks at the 2024 Jackson Hole Economic Policy Symposium - 8/23/2024

[@LaratLezhe]

he has just started the easing cycle, all time highs are guaranteed

[@shnoltz2011]

Doesn't monetary easing reduce the value of the US dollar? After the trillions spent during the pandemic, my concern is that the value of the dollar will crash

[@MrsStephanie5]

What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.,

[@Keneth94]

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

[@Amanda5ycl]

Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.

[@Keneth94]

NICOLE ANASTASIA PLUMLEE' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

[@Amanda5ycl]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@alaskanwarrior5557]

seek a financial advisor, don't trust the comments.

[@amardeepa04]

As a student of economics, i say well summarized Sir Powell...one can only imagine how hard it must be to steer a $25T economy thru all the vagaries. But all said and done, your magic is not complete until i.e. i'll not stand and clap till inflation hits the 2% mark.

[@califomia]

Ser, informed perspectives are not welcome here. Viewers, attack!

[@davidorellana6278]

@@amardeepa04 as a student of economy , you have failed 😨

[@nicolasbenson009]

The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.

[@BridgetMiller-]

Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass wealth amid economy crisis, and even pull it off easily in favorable conditions. That should be the least of your concern. Also explore the option of working with a CFA to reduce greatly your chances of loss.

[@KarenLavia]

You're right, I and a few Neighbors in Bel Air Area work with an Investment Adviser who prefers we DCA across other prospective sectors instead of a lump sum purchase. As a result, my portfolio has recorded significant improvement even during the most unfavorable market season.

[@berniceburgos-]

I'm intrigued by this. I've searched for investment advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation??

[@KarenLavia]

Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@RaymondKeen.]

I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.

[@jamesrobinson7381]

Chairman Powell has been critiqued by so many yet I think he and the other governors have done as well as you possibly could given our recent history. It's easy to complain; but, it's even harder to come up with solutions.

[@francotarquinio8480]

Solution simple raise rates, stop printing money and don’t print money for banker wars. Simple

[@user-hm5zb1qn6g]

@Jamesbot3000: Is that today's DNC talking point?

[@roymoore2944]

they should have cut last year, and powell is a puppet. they held rates too high for wayyyy too long, and why are they holding rates if banks arent even loaning? they have to cut to make the market better, bro. speak for yourself

[@user-hm5zb1qn6g]

@@roymoore2944 r3trrd. Interest rates are below the rate of inflation. Cutting now sends gold and Bitcoin on a rocket ship, and sends the dollar to Davey Jones' Locker.

[@califomia]

​@@francotarquinio8480If the Federal Reserve stopped printing money, consequences could include higher interest rates, reduced economic growth, and increased borrowing costs. It could also lead to deflation, where falling prices reduce consumer spending and investment, potentially triggering a recession or financial instability.

[@tapk1995]

Interesting analysis. Thank u USA

[@BLMariclezwastedyears]

Thank you

[@marcusd430]

The transfer of wealth that occurred due to covid deaths caused a huge increase in demand in tech and luxury goods that would never have been touched by policy, (re: inflation.) That's my two cents. Great talk.

[@barrycalvert8219]

Everyone in that room is filthy rich

[@ManiVaas]

😂

[@antoinecharlesdegaulle580]

😂your point?

[@allenwang5138]

😂

[@danielmarchisella8895]

we are played like a deck of cards we need to bring out the Trump Card

[@BlackWhiteBeast]

😂

[@stevechance150]

Let me look at my Schwab account... Up four percent this morning, he obviously said something that the markets liked. Cool.

[@treaty8631]

😅😅😅😅😅

[@edwardyang4880]

haha

[@prolific1518]

🤣🤣🤣

[@ChileanPepper_]

Check again.

[@jnginc_]

Exactly

[@fredk9999]

I get it. Not 2% inflation target; rather, a “trajectory” in that general direction

[@donnydauphin]

buy Bitcoin!

[@lloydfriend1060]

Lying about jobs.😂

[@Kanal-mx5rb]

No. It is actually true. Face it. Face reality my friend.

[@robertsilcocks3370]

They lied about the jobs and had to revise the number down 1.1 million...they are constantly lying to you.

[@sci-fi.tsunami]

@@Kanal-mx5rb Yes, whatever they say is always true! These people would never lie.

[@TORIAWYSOR]

Also lying about inflation!! Government spending also causes inflation. But he skipped right over that

[@prouse376]

Yes, current DEMs lied to manipulate dementia patient back into office. They had to remove 900,000 jobs to "correct" the inflated numbers. Always about manipulation and power with dems.

[@vitthalwalunj]

So In short rate cuts are comming soon ❤

[@woot808]

Well, that was inspirational.

[@bretpark4485]

It seems that most do not have a full picture of what the Fed under Powell has undertaken to make sure our economy does not go down the toilet. This pandemic is and was a once in several lifetime event that has made for dramatic twists and turns of economic challenges -- enough to crater our way of life if mishandled. Fed Chairman Powell has done things (as with the fed balance sheet and the repo markets) that was totally unprecedented to stabilize our currency as well as our markets when things were going to heck. He deserves credit for steering the economy towards what is increasingly seen as a "soft landing". Ten years from now it will be required reading in Econ-101 classes.

[@heart-of-people]

So how much down?

[@jimcollectcards1830]

Literally all I heard was brrrrrrrrrrr and whatever noise doves make

[@nedwards600]

😂

[@sci-fi.tsunami]

I won't even listen to these liars. I'm just here for the comment section.

[@justinmadonna3733]

It's coo

[@prolific1518]

🍼🍼🍼

[@helennelson5678]

​@@nedwards60018:30

[@lisam.4686]

Job gains remains solid? in what industry, Mr. Powell? Thousands of people are being laid off.

[@Kanal-mx5rb]

Erm ? No? We arw growing and growing. Look at the stock market? One ATH after the other. Quite easy to make money since the last years. Economy is booming. Face it.

[@RevolveR0411]

@@Kanal-mx5rb Im looking at the charts right now and I can see the dollar continuously beaten down, gold silver, copper all going up. Can you figure out why? You really dont have a clue on whats coming. Keep watching though

[@bobbykanae]

@@Kanal-mx5rbcorporate profits does not equal employment, the fed literally announced the other day 1 million jobs they thought were created earlier in the year dodn’t happen

[@MinhLe-ej9ji]

@@Kanal-mx5rb Stock increases because corporations remained profitable by laying people off. Look around yourself how people's wages have been?

[@Kanal-mx5rb]

@@MinhLe-ej9ji cannot complain honestly

[@JohnSmith-kr6ek]

Job reports been off by 700K new jobs and this guy once said he follows Greenspans model using gold as the measure. Lies cause if he were to follow it he'd be raising rates

[@djburnette87]

So he said he's not looking for further cooling in the market. That sounds like rate cuts to me. Dig into some small caps. Small cap City

[@spinvalve]

Got it. Thanks Tom Lee

[@djburnette87]

@@spinvalve tom lee is my hero. I study everything he says and does so thanks 🔥💪🏿😍🙌🏿🤑

[@drenoc007]

Housing inflation is still a problem. Explain why reducing rates will help?

[@califomia]

Fed rates influence about 20-40% of housing price movements, as lower rates make mortgages cheaper, increasing demand and prices. However, the exact impact varies with factors like supply, regional conditions, and broader economic trends.

[@drenoc007]

@@califomia okay fair. What did they break? They usually don’t move unless something breaks.

[@califomia]

@@drenoc007 The Federal Reserve is likely to cut rates in September, primarily due to weakening labor market conditions and moderating inflation. Fed Chair Jerome Powell indicated that further rate cuts depend on upcoming economic data, especially the September 6 jobs report, which will be crucial in determining the extent of the cut【9†source】【10†source】.

[@steeze2430]

We are all in for a rude awakening

[@matthew.m.stevick]

Get your Tin Foil hats on! Everyone is out to get you!

[@Mrrane-d7r]

@@matthew.m.stevick He's a bot, like most in the comments here. They prefer western news outlets for some reason.

[@JohnDoe-zz3hj]

Trump said Zero % tax on gains in or moved to trading retirement accts or any retirement acct & zero tax for seniors Kamala want a 40% tax on all gains. Ive been watching to much politics, I had a dream that trump was arrested and then I saw fire across the US,,, stock & crypto charts diving with big companies getting delisted, people crying. I saw interment camp that were filled with merikans and multi racial foreign army holding them hostage famine & screams. The money & merika was gone in moment, it was quick,

[@sci-fi.tsunami]

@@matthew.m.stevick Correction: Everyone is out to get *YOUR MONEY!* The whole system is a scam.

[@matthew.m.stevick]

@@sci-fi.tsunami I’m more concerned why “they” tell us the earth is round

[@victordasilva5255]

after the election...the rug pull is going to happen.

[@JohnDoe-zz3hj]

I had a dream that trump was arrested and then I saw fire across the US,,, stock & crypto charts diving with big companies getting delisted, people crying. I saw interment camp that were filled with merikans and multi racial foreign army holding them hostage famine & screams. The money & merika was gone in moment, it was quick,

[@Yolo942]

What do you mean by the rug pull, do you mean higher rates for longer?

[@Kanal-mx5rb]

Nope. Maximum growth will Happen. Due to stability & clear objectives of the governement.

[@danmanr]

@@Yolo942 That's exactly what they mean. Inflation will jump, they will backtrack and raise rates. This is 100% political

[@billdaker1120]

The economy is the economy regardless of who gets elected they both have the same problem, 35t in debt and a depressed economy. This will not turn around overnight.

[@ronaldkrikorian4712]

This incompetent has NO clue! Greetings from Australia 🇦🇺

[@califomia]

Jerome Powell, as the Chair of the Federal Reserve, is among the most informed individuals about the U.S. economy due to his access to extensive data and expert analysis. However, calling him "the most informed" is subjective, as other economists and policymakers also have deep knowledge in specific areas of the economy.

[@christianx7421]

I studied economics, and some of the stuff is very complicated,,,,,,,powell is a lawyer by education how did he even get that position,,,,,,it puzzles me !

[@user-rm4vk6tr3j]

You can still learn things after college....

[@califomia]

Jerome Powell is qualified to run the Federal Reserve due to his experience on the Fed Board since 2012, his tenure as Chair since 2018, and his background in law, finance, and roles in the U.S. Treasury, giving him a broad understanding of economic and financial issues.

[@christianx7421]

@@user-rm4vk6tr3j Ah,,,,still this position require matematic skills at a very high level ! I dont believe he has these skills !

[@user-rm4vk6tr3j]

@@christianx7421 not really...

[@eugeneroh3003]

10:21 Me as an international student ask, what makes people laugh after Powell said 'The good ship transitory is crowded one'?

[@larryhorowitz6690]

Well said.

[@MT-xf3eb]

I aint got time to listen to this. Just get the market higher

[@califomia]

Fed speeches help maintain healthy stock market levels by offering guidance on economic outlooks and monetary policy, reducing uncertainty and stabilizing investor sentiment. This helps prevent market overreactions and promotes stability.

[@Crypto11]

He never said " cuts are coming on September 18, 2024"

[@a-c3po]

Can any one tell me how Can I get the draft speech, I want to read it.

[@GB-ws8zx]

Take note: (1) Powell did not cite his use of 'transitory' as a mistake or apologize. (2) Powell focused almost exclusively on the past - without offering any kind of vision for the future (beyond anchoring at 2%) (3) Powell cites economic models that I've seen no evidence suggesting they've been updated from past models revealed as too limited (4) Mohamed El-Erian, Gordon Brown and Mike Spence cite in their book Permacrisis why they believe these choices from Powell are mistaken. Time will reveal, but, tellingly, even the BoE had the understanding of duty and leadership to publicly admit and explain their mistakes.

[@jeremybrooks2976]

Thank you Uncle Jerome.

[@johnouellet4099]

Great job Jay thank you

[@sabrinazhang500]

so, is the rate cut or not?

[@AmandaLouchart]

In a nutshell he said: Ha ha ha ha! Our plans our working. We are laughing they're way to the bank

[@jw9249]

Just yapping and lying😂

[@califomia]

It is relatively rare for high inflation, like in 2023, to result in a "soft landing," where inflation is controlled without causing a recession. Historically, efforts to reduce high inflation often lead to economic slowdowns or recessions, as central banks raise interest rates and tighten monetary policy. Achieving a soft landing requires a delicate balance of slowing inflation without significantly curbing economic growth, which is challenging and has been infrequently accomplished.

[@HenryKeryakes]

"Masses, this is the story, this is what happened. This is the reality you will accept."

[@adikesavans6852]

I am from India. I would like the US to remain strong and offer jobs to its citizens. But the Fed and other authorities are continuously overlooking the fundamental problem of the lack of an anchor for the currency. The monetary system now actually exists in a vacuum because you have the power to have unlimited deficits and print currency if required. Unless this issue is resolved, we shall continue to have VUCA

[@califomia]

The Federal Reserve stabilizes the economy more effectively than the gold standard by using flexible tools like interest rate adjustments to manage economic conditions. The gold standard limited monetary policy flexibility, contributing to economic instability, such as during the Great Depression. In contrast, the Fed's ability to adapt its policies has helped reduce the severity of recessions and inflation, promoting more stable growth.

[@fkeopfkeop]

The inflation is still too high.

[@eugene1059]

When Chairman Pao speaks replace the word inflation with employment for a better translation.

[@stevenbudovlya2207]

Wake me up when prices is down 35 to 60%. Until then I will slave to pay interest on my bills. I got a question... since we got a little correction of 818k what is our real unemployment rate?

[@barrycalvert8219]

I would say Jay Powells position talked to 80% of the country 50 years ago. Today he is talking to 15-20%. The rest fall outside the guidelines of normal American life. They are crushed by the lies of jobs, low inflation, and the debt. It is so so sad to watch the crumble while this guy says "STRONG LABOR MARKET"

[@ezye8513]

Just to be sure, Jay is a trump appointee. The economy is a global economy and although I’d prefer someone else he has done an amazing job considering.. plus, he’s such a personable fella 🤙

[@danielmarchisella8895]

vote Trump and we will have no unemployment and record deflation he will cut energy costs in 1/2

[@danielmarchisella8895]

Energy flows to everything even housing

[@prolific1518]

​@@ezye8513 doesn't matter. Trump has said he would remove Powell and Powell has clearly been trying to get Biden reelected (now Harris).

[@jewlzbulls]

me too!!! working three jobs to make ends meet isn’t a strong labor market

[@AgeofCraccadilliaassent]

Unconstitutional financial terr orists

[@RichardKing-sx6xc]

*Agreed!!!* 😎👍

[@califomia]

The Federal Reserve is not considered unconstitutional. The U.S. Constitution grants Congress the power to regulate money, and Congress created the Federal Reserve in 1913 to fulfill this role. While some critics argue about its influence over the economy, the consensus is that the Fed operates within constitutional bounds, as it was established and can be modified by congressional legislation.

[@AgeofCraccadilliaassent]

@@califomia it's just legal counterfeit and there's nothing federal about the Fed but it is what it is

[@jeramiekochlefl-bodner5965]

Like a never ending nightmare

[@sci-fi.tsunami]

This life is nothing but misery & drudgery. Kings vs. peasants just like The Dark Ages. Round & round we go & nothing ever changes. 2024 with modern technology yet no real progress made.

[@califomia]

​@@sci-fi.tsunamiAmericans today have a vastly higher standard of living than Europeans in the Dark Ages, with access to advanced healthcare, technology, abundant food, clean water, and stable infrastructure, whereas Europeans then faced poor sanitation, limited medical care, frequent famines, and a lack of modern conveniences.

[@Opaque.2theeye]

looks like we will see a rate cut once gold gets sold off… The signal to buy stocks seems clear

[@rally_chronicles]

Moon 🚀

[@danielmarchisella8895]

Wake up Smart people

[@califomia]

Uneducated individuals may perceive the system as rigged against them due to a lack of access to reliable information, personal experiences of inequity, mistrust in institutions, and influence from populist narratives. These factors, combined with cognitive biases and socioeconomic frustrations, can lead them to simplify complex problems and conclude that the system is inherently unfair. This perception is often shaped by both real systemic inequalities and misunderstandings or misinformation.

[@BLMariclezwastedyears]

So who gets the raise

[@Mano_421]

Bro why are you giving us a history lesson? Get to the point

[@ar053x]

yeah great job, food prices are up 300 percent in 4-7 years.

[@84KtnM]

still 5050 for september cut is what i feel from this speach

[@califomia]

Traders are currently expecting a 100% chance of a Federal Reserve rate cut in September, driven by recent signs of moderating inflation and slowing economic activity. The Fed has indicated that its decision will depend on further economic data, but market sentiment strongly favors a rate cut next month, with potential additional cuts later in the year.

[@TheLoneWolf_andCoyote]

I don't think we're gonna see any rate cut until Novembers 6&7th meeting I think the stock market will make big numbers for the next few weeks instilling false hope in our current state of the economy. I think the FED will then keep everything status quo until November and then cut it .25%. I think they will wait until they know the economy and labor market are already barreling down the mountain. The next 3 years are gonna be bad financially no matter who wins the presidency.

[@WJung-cc4lc]

FED dollar is trash. They devalue your hardwork.

[@califomia]

The U.S. economy has performed well this year, with strong GDP growth, low unemployment, and resilient consumer spending. Despite these positives, inflation remains a concern, leading the Federal Reserve to maintain tighter monetary policies, though the U.S. has outpaced slower growth in some other advanced economies.

[@WJung-cc4lc]

@@califomia Good effort but check out the U.S. national debt graph.

[@califomia]

@@WJung-cc4lc The majority of the growth in national debt over the past year can be attributed to White House policies and Congressional spending decisions. These decisions dictate how much the government needs to borrow to finance deficits.The Federal Reserve's role is more about influencing the cost of this borrowing. While higher interest rates have raised the cost of servicing debt, they are a secondary factor compared to the direct spending and revenue policies determined by the legislative and executive branches.

[@GsCe-m2d]

Well....keep calm People run too fast

[@dasemifake]

No 2% inflation, no cuts, is that it?

[@ingekoschmidder6424]

No

[@clauspallesen7088]

There will be cuts

[@ashtonbrown6054]

Did oyu not listen?

[@random2829]

When you understand the "Taylor Rule" you will know which way the Fed is heading.

[@dasemifake]

@@ashtonbrown6054 Pay attention to what he is saying. They have room to cut and room to get unemployment higher. What they don't have is room to let inflation higher. Learn about basic macroeconomics before talking to me.

[@maurotedeschi5001]

thanks God we have Powell...

[@MrNetclips]

No cuts till November/ December- maybe -0.15pc Asset prices high

[@jlvandat69]

I think he said, "It's all good".....cool.

[@Life_Kyle]

My family is suffering, we need an affordable home. We need interest rates cut NOW!! Please help

[@vikasgupta1828]

#EndTheFed

[@califomia]

Terminating the Federal Reserve could lead to significant economic instability, increased financial market volatility, loss of a lender of last resort during crises, uncoordinated monetary policy, and diminished global confidence in the U.S. economy, potentially resulting in higher inflation or deflation and financial crises.

[@rally_chronicles]

6:15 to 6:30 rate cuts are coming.

[@5us4nt0]

short term bull market only

[@patrickfuchs3859]

What he actually said was exactly the same mantra he's been saying since March, 2022... We'll make decisions based on the data. He never said anything different or new. The Fed's goal is 2% inflation with maximized employment. There are currently over 8M job openings, so we aren't in a downturn. Inflation is about 1% higher than the goal. Markets are near record highs and probably over priced. Currently there's not a reason to adjust rates... And Powell, et al, know it. His responses are carefully crafted to not show his hand. Don't be too enthusiastic about a Sept. rate cut.

[@jasonn6739]

Rate speculators (CME futures) currently predict 76% chance of 25bps cut and 24% chance of 50bps cut at the Sept 18th meeting, so they're predicting a Sept cut as a certainty. I agree it's still too early for rate cuts but there's probably political pressure on the FED to do one before the election to give the impression that the economy will improve under Dems. I wouldn't be surprised if the FED did a cut in September then a hike shortly after the election.

[@califomia]

Traders now expect a 100% chance of a Federal Reserve rate cut in September due to moderating inflation and slowing economic activity. The Fed has stated that its decision will depend on further economic data, but market expectations heavily favor a rate cut next month.

[@patrickfuchs3859]

@@califomia I'm a trader. I 'expect' to see a rate reduction when I see it on paper. I don't believe what pundits are saying about a rate reduction being baked into current prices. What I'm seeing, as a trader with several decades of experience, are markets that are over bought and nearing correction territory, and having nothing to do with rates. As a group, traders and investors are like sheep, they move like sheep when news is good or when it's bad. They don't necessarily trade on fundamentals (eg NVDA or TSLA), but generally they do trade on technicals. Powell hasn't said, "We're going to reduce rates next month," what he said was the Fed will continue to examine the data and act appropriately... Which is exactly what he's been saying since February, 2022. In other words, he didn't say anything new at all.

[@jasonn6739]

@@patrickfuchs3859There’s probably a lot of smart money in the market that does factor fundamentals though, and not just human traders, AI powered quant funds too (Wall St level). Are you so certain the traders have got it wrong that you’d bet against them?

[@scm2209]

"This is what is sounds like, when doves cry"........brrrrrrrrrr

[@darnellwalker6064]

Nice !!!

[@cvillanu]

This guy talking like he did something. He didn't do anything except for stare at data all year.

[@Narutopain544]

Why did i spend most of the time watching KAREN

[@califomia]

A man unable to respect any woman due to prejudice likely has deep-seated biases, possibly from cultural conditioning, negative experiences, or exposure to misogynistic beliefs. This may indicate insecurity, a lack of empathy, or psychological issues, limiting his ability to see women beyond stereotypes.

[@liber_servus1103]

Quel impacte sur les cryptos ?

[@Anthony-dj4nd]

J. Powell🥳

[@stevensteven3417]

Softlanding accomplished 👏👏👏🇺🇸

[@tracywatt9069]

Spin it!

[@AnthonyLim-i6i]

So, Fed Reserve is cracking under enormous political n wall street pressures or it has not been independent n steering n timing it's monetary policy towards Presidential election management, in favour of Democrats?? When d salt lost it's saltiness, do we still need it ??

[@andreawahleithner9640]

Who pays these people

[@user-lu6yg3vk9z]

We do

[@califomia]

The Federal Reserve generates over $100 billion annually, mainly from interest on government securities and banking services. It uses this revenue for operating expenses and investments, with the remainder remitted to the U.S. Treasury. In 2022, it remitted about $58.4 billion. The exact distribution between expenses, investments, and remittances varies yearly based on needs and economic conditions.

[@TCTALKSTCFITNESS]

BUY MORE STOCKS EVERYONE

[@Makimakiglop]

But not American ones mate

[@boglehead5822]

​@@MakimakiglopRussian ones

[@califomia]

Not everyone buys more stocks due to varying risk tolerance, financial goals, and available capital. Stocks are volatile and may not suit everyone’s needs or comfort with risk. Some prefer safer investments, like bonds, or need liquidity. Financial knowledge, market confidence, and personal circumstances also influence investment choices.

[@BLMariclezwastedyears]

I'd rather be water bourded

[@yoshi7527]

No deflation after 2 years of strong inflation means the job is not finished

[@califomia]

Deflation is rarely welcome, as it often signals weak demand and economic contraction. A reduction in inflation is generally preferable, as it indicates stable prices and healthy economic growth without the negative effects associated with falling prices and reduced economic activity.

[@thomasdecato9786]

They laughed think this is just a joke,O well we were all wrong easy to do when you are a multi millionaires

[@richardextall2002]

"You will own nothing and be happy." - WEF

[@califomia]

Henry David Thoreau: "We are rich in proportion to the number of things we can afford to let alone." - This implies that true wealth comes from not being burdened by possessions.Socrates: "He is richest who is content with the least, for content is the wealth of nature." - Suggesting that having fewer possessions leads to greater contentment and freedom.Jean-Jacques Rousseau: "The more things a man is ashamed of, the more respectable he is." - While not directly about possessions, it implies that societal values can be misguided, potentially including material wealth.

[@sabrinazhang500]

rate cut?

[@mrcmid9132]

😂😂 don't hold your breathe!

[@DT-vc7hd]

SHIOW ME THE MONEY, JEROME! SHOW ME THE MONEY!

[@califomia]

The Federal Reserve publishes detailed balance sheets regularly but not all details. It releases weekly updates showing assets and liabilities, but some information is withheld to protect sensitive data related to monetary policy, financial stability, and market operations, ensuring effective policy and market stability.

[@lloydfriend1060]

The lady in the back, is she there just to nod her head to everything he says.😅

[@Kanal-mx5rb]

Yep. Thats her job.

[@MinhLe-ej9ji]

She's just glad she is in the same screen that he is.

[@sci-fi.tsunami]

Automatons! NPCs! Mindless organic robots!

[@mrsmileyface317]

Sir with all do respect . The name Matthew brackin is always covered and cause bank failure and allows others to fraud me

[@stevenbudovlya2207]

Powell is a funny smart guy.... Powell Vows To Cut Rates With Stocks,Powell Vows To Cut Rates With Stocks, Home Prices, Rents And Food At All Time Highs Home Prices, Rents And Food At All Time Highs

[@BLMariclezwastedyears]

The pay check or the prople

[@venik88]

end the fed

[@califomia]

Terminating the Federal Reserve could lead to significant economic instability, increased financial market volatility, loss of a lender of last resort during crises, uncoordinated monetary policy, and diminished global confidence in the U.S. economy, potentially resulting in higher inflation or deflation and financial crises.

[@venik88]

@@califomia since the fed was created, the dollar has lost 99.9% of its value and wages have gone up a fraction of that. All the biggest volatility events and crashes in the US have happened SINCE then not before.

[@califomia]

@@venik88 Evidence suggests economic crashes could have been worse under the gold standard, which restricted monetary policy flexibility and worsened the Great Depression by limiting money supply expansion. In contrast, the Federal Reserve's ability to adjust interest rates and use tools like quantitative easing, as seen in the 2008 financial crisis, allows for more adaptive responses, potentially reducing the severity of downturns.

[@califomia]

@@venik88 Studies indicate that economic crashes could have been more severe under the gold standard, which restricted monetary policy flexibility. Bernanke and James (1991) found that countries abandoning the gold standard during the Great Depression recovered faster due to more flexible monetary policies. Eichengreen and Temin (2000) argued that the gold standard's rigidity exacerbated deflation and limited recovery efforts. Romer (1992) showed that the Federal Reserve's ability to adjust interest rates and expand the money supply helped mitigate downturns, highlighting the benefits of a flexible monetary policy in preventing deeper recessions.

[@venik88]

@@califomia we left the gold standard in 1913 lmao, so how could you blame the great depression on the gold standard...

[@gunfunandstuff9226]

How can you tell when Powell is lying(?)..... when he opens his pie-hole 😂

[@califomia]

Jerome Powell is not allowed to fabricate statistics during his speeches, as he is expected to provide accurate, reliable information based on data and analysis from the Federal Reserve. Fabricating statistics would violate ethical standards, undermine trust in the Fed, and could lead to legal consequences.

[@haruea.9826]

25 or 50 bsp???

[@danielmarchisella8895]

Trump can fix it all in an Hour

[@mrcmid9132]

💤 💤 💤 💤 💤 .......dont believe interest rate cuts until you see them.

[@califomia]

Traders are currently expecting a 100% chance of a Federal Reserve rate cut in September, driven by recent signs of moderating inflation and slowing economic activity. The Fed has indicated that its decision will depend on further economic data, but market sentiment strongly favors a rate cut next month, with potential additional cuts later in the year.

[@vaithunphusang]

WOw that so great

[@gunfunandstuff9226]

so much for Powell's "data dependent".... when numbers are off by 818,000 !!!! 😂😅😢

[@ilmumanusia]

Salam dari indonesia

[@jeffkoehler2278]

bitcoin go up

[@janremus1539]

The market liked what he said, rate cuts are coming. None of the pundits have gotten the last few years correct. Listen to no one else as it is a waste of time.

[@subieguy00]

These people think they can centrally plan an economy lol...this is what people need to wake up too

[@sciencefliestothemoon2305]

Yes yes the market is always right

[@califomia]

The U.S. economy relies more on free market influence compared to major economies like China and parts of Europe, where government planning is more prevalent. While the U.S. focuses on market-driven activity with some regulation, countries like China have significant state intervention, and European nations often have more government involvement in key sectors like healthcare and transportation.

[@davidfisher2359]

If you not bought Nvidia yet then I'd hurry up!!

[@STORRMUZIK]

Let’s go bull market !😊

[@marysage7960]

Somebody lying

[@BLMariclezwastedyears]

Hellow is there anybody in there,(pink Floyd)the band ,nice

[@BLMariclezwastedyears]

Not people,this phone sucks

[@joshh2924]

Damn powell

[@mrsmileyface317]

So I ask sir I'm all we can do is at least put my name and then say the name to let it be heard instead of z im not dead

[@Collinsgaming-1]

Transitory and soft

[@califomia]

If I had a nickel for every time my lady said that...

[@RipoffRadar]

If this is data depented decision making I am tram😂