Fed Chair Powell Testifies Before Senate

US Federal Reserve Chair Jerome Powell testifies in front of the Senate Banking and Housing Committee.
Powell said “more good data” would strengthen confidence that inflation is moving down toward the US central bank’s 2% target, and recent readings point to “modest further progress” on prices.
He also spoke about the housing market, risks to monetary policy, recent inflation data, risk to the commercial real estate market, and the proposed changes of Basel III.
This is part of his semiannual report to Congress. He's scheduled to start at 10 am ET.
#fed #business #politics
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[@vicchris3943]

Fed dose better job than senator

[@Elliott_Wave]

people like Scott using this platform as political should not be allowed, its low and its not on point of any real discussion on finance.

[@poorrandall8982]

this is literally politics. the entire point of this is political.

[@rudymay-becerra5345]

Do not cut rates at all, in fact increase them. The refocus should be on job creation, although the unhinged immigration influx is not helping.

[@BeNNzuFG]

The prices are "stable". They go up in very stable terms. Time to declare success!

[@MrTigerStarX]

As soon as rates get cut, housing prices are going up.

[@kryptoking2581]

Watch at 1 hour 27 min . Warren lets him have it

[@aidanlee3333]

@@kryptoking2581 she is always the absolute worst 🤮 she's just jealous cause Powell doesn't love her back

[@PonziZombieKiller]

So.. they keep stealing...😮

[@Burgermonster]

What's your solution Scott?

[@Seegie16]

What most don't realize is that the lowering of rates will be what messes up the real estate market. Rates being what they are is keeping the inventory low as people do not want to give up the low rates they've gotten a few years back. Many are literally married to a mortgages and stuck in their locals. There would be an explosion of supply that would quickly crush property values. This is going to be the recession that everyone laughs off and it is just a few rate cuts away

[@karljohannessen4436]

"In violation of the public trust..?" Mr. Brown, you make me sick.

[@samuelpierson912]

Nothings worst than a sellouts Tim Scott

[@edwardebroome8]

Where’s all the money going? Everything rises and falls on leadership!

[@thagoonie51o]

Pay for your own forgiveness. We shouldnt suffer for what we dont want.

[@xaurob]

BUY GOLD

[@albertho1259]

Did the politicians and FED chair really understand the pain caused by inflation?

[@user-wj7cv9hb5j]

Do they really care?

[@vicchris3943]

normal American people not paying nationals debt, senator don't know that simply

[@Literallyarealhuman]

We don’t really need more construction but they Konomi can really benefit from it. Although construction jobs are no longer going to Americans or legal immigrants. Would be great though if the interest rate was lower normal, families could buy the homes that are already available instead of being bought out by big companies that have the money

[@thomasdietz579]

Biden: The people! Trump: Himself and the rich!

[@loveislife8742]

Who is making 75 thousand dollars that average household income teachers or post office or DMV or bank out paycheck is from 2015 but inflation and rate of goods are sky high 😢😢😢😢😢

[@Hollywood041]

Household - two working adults, 2.1 non-working children. $35k and $40k would be $75k. The problem is when your household is just yourself...

[@noremacmada]

House tomorrow.

[@lawnmowerman716]

Cannot believe s brown has any job at all, let alone is a senator

[@laszloremias9032]

😮

[@KeyserSoeze]

Mr Tillis @54:35 was he 12 years old when he started to work? He likes child labour? ;')

[@JT-od4df]

Not all businesses make it some fail some don't ,but if people don't want to work for you because you're not paying enough or you not a good boss or your product is not really what people want that doesn't give you the right to bring in illegal workers . You close down your business and go work for someone else . Not all businesses survive not everyone can be the boss

[@TrashwareArt]

you're not gonna fire him u are getting more clicks than ever

[@jamiefaucett7216]

This is precisely why I buy Bitcoin

[@PonziZombieKiller]

Inflation is killing off the poor. Hooray ✌️

[@Schulz55]

If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you... prevent inflation

[@JSeyum]

how stupiditly a brotha could be programmed, only for the weailth ...nogh'n else....

[@carlishiggins]

puppets

[@WillRadle1]

Does Senator Scott want to return to the economy of December 2020 when demand for gas was lower? Or does he not understand the correlation between demand, supply and price?

[@lightoutofdark1072]

Give me my money before it gets worse!!!

[@SunofYork]

Trumpist ?

[@Hollywood041]

Tim Scott complaining about the cost of the cookout, seemingly still not aware of the last year of Inflation.

[@kryptoking2581]

Unreal how the America people just keeps taking in the Butt like this .

[@devilofaman]

Senator Kennedy is just amazing. This man needs to be put into office.

[@Hollywood041]

He is in office, Senator (LA - R)

[@albertho1259]

He should have increased the rate by 0.5% to bring down the inflation that really hurts commoners.

[@JSeyum]

dead men show üp🪶🤷‍♂