Fed's Powell: Full Speech at Jackson Hole Symposium

Federal Reserve Chair Jerome Powell says the time has come for the Federal Reserve to cut its key policy rate, affirming expectations that officials will begin lowering borrowing costs. He speaks at the Fed's annual economic symposium in Jackson Hole, Wyoming.
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[@SuperSiuwai]

VERY GOOD

[@GGHome2024]

What an honor to watch this epic episode

[@virginiatyree6705]

Glad Powell's been in charge. He & his team are serious. Thanks for posting.

[@babybutchie]

Serious? I think they are funny. Very funny.

[@virginiatyree6705]

@@babybutchie , Ok, pretty sure they dont care about our opinions. v

[@morbidfaulkner7872]

Nobody wants to pay workers a living wage. This man is high!

[@xxyyzz8464]

I earn a living wage and so do all my co-workers. Plumbers around here make great money, police and fire fighters earn great pay and benefits, teachers at the public schools in this state make more than a “living wage”, doctors and lawyers are making far more than a living wage, people on Wall Street and engineers at every tech company are making greater than living wages. Sounds to me like you’re the one that is delusional.

[@ApEx_Ether]

@morbidfaulkner7872 Tell me your occupation, and I'll tell you why you aren't getting the compensation you so desire.

[@shadowbanned4days]

GOLD! Hope you have some

[@chriskutlina5743]

Jackson hole is literally richest place in the US.

[@bloodyredvinal]

These cuts needed to be done a few months back.

[@kennethhodge7953]

1. The dual mandate is ridiculous. 2. Inflation is, apparently, unrelated to lack of fiscal restraint, 3. And to think, this guy was giving advice to the president. (Or, at the very least, had the president's ear.)

[@SSYlist]

Tough job

[@SuperSiuwai]

well

[@tristan7216]

I hope he's able to achieve price stability. But most of all, I'm glad he did not stand on the railing.

[@noremacmada]

*Chair Powell Takes A Victory Lap at Jackson Hole* _Tells audience "Your mileage may differ"_ Victory Lap or Finger Pointing? Only time will tell. Content to be mercilessly analyzed by politicians, academics, and enthusiasts for the next two generations. My question: Could global QT move markets enough to make forward inflation expectations appear to deanchor?

[@goodbooks5134]

Market's reacting positively but I am taking more cash position. It sounds too good to be true...

[@matt.stevick]

Cool thumbnail

[@cesarfigueroa6119]

pump it

[@MARTINA-gc3tq]

Printed too much money, reduced interest rates too low and then increased them too late and for way too long…….other than that he is brilliant…just ask dementia Joe.

[@bigbobby5555]

Powell was appointed by Trump, and this was one of the few good decisions Trump made.

[@scottbeeby5395]

@@MARTINA-gc3tq COVID was unprecedented time & the FED is historically ALWAYS late.. to raise or cut. So far, this Fed has done a pretty masterful job trying to guide us toward a soft landing

[@spaceballs72]

​@@scottbeeby5395 yes. The key word you said is TRYING to guide us to a soft landing. TRYING is one thing, success is another...

[@SSYlist]

It's never clear cut transitory... Today we can say it's mixed

[@0ozmichka0]

“Collision of factors” - so pretty much a “black swan”. In other words, tautological explanations and chest thumping. But STILL more reasonable than the ECB who cut rates “while growing” supposedly.

[@JackTorrance-qd9up]

JACKSON HOLE JACOB'S LADDER

[@xxyyzz8464]

Jerome Powell is a hero. Whether a tragic one or not is still TBD given inflation might just take off or a massive recession could be on the way lol. I wouldn’t be taking a victory lap just yet!

[@SSYlist]

By not immediate first step easing after the huge revision in economic data, he risk being blame...

[@morbidfaulkner7872]

420K is the average price for a house!

[@xxyyzz8464]

Home owners are happy. 👏🏻

[@Ella-Bella2024]

Exactly. This is crazy.

[@bobmanlarrydude]

Couldn't one argue the data was 'cooked'?

[@AndrewH-br3ye]

Phantom job posting. Just indeed collecting people information for bs marketing.

[@BhaghwanSingh-y2z]

Why subscribe

[@morbidfaulkner7872]

Average wage is 44K.😢

[@KevinKamto]

so true!

[@xxyyzz8464]

WRONG! The national average salary is $63,795. That is the sum of all incomes divided by the number of workers. Perhaps you are referring to a median or neglecting the fact that some workers are kids living at home with their parents and still going to school?

[@josephwurzer4366]

PRICE STABILITY 😡. Inflation was allowed to rage.

[@SSYlist]

Worst job in the world lol

[@tomhavelka6101]

Liar , Liar pants on fire!

[@virginiatyree6705]

You're funny. As if, I should take your opinion seriously. Ger a reality check-please. v

[@petersu4869]

lies lies lies

[@morbidfaulkner7872]

All he cares about is the stock market.

[@xxyyzz8464]

Not really. He cares about maximum employment and price stability. The dual mandate.

[@stanpiers247]

Powell belongs in prison......he is a criminal !!!!

[@morbidfaulkner7872]

😮

[@chuyenpham3336]

Okkkk

[@DeborahLandau-gp2fo]

Price gouging is real

[@Bayougem]

⁠@@DeborahLandau-gp2fo you need to understand that the price gouging is a gimmick created by the Biden administration to cover for their failures to lower the price of fuel. If fuel comes down consistently, then it would be cheaper for trucks to run cross country to deliver our essentials. Harris created this with Biden now she’s going to fix what they broke, then why haven’t they done it? People are going to be voting this year with their pocketbooks. They see the radical plans from Kamala Harris to just keep taxing , including corporations, which will only make the prices of food and essential goods go higher! The corporations will pass that debt on to the consumer. Don’t be fooled. Also, if you own a house and that house goes up in value, she plans to charge you very high capital gains tax and if you don’t have that money to pay, then you will lose your home. Think hard about that before you think that it’s time for this black woman to be president, she will destroy this country. Biden and Harris has already stole $260 billion from Medicare to use for electric car subsidies and get this…. To open up Health programs for the illegals flooding our nation because they have not done anything about the border for 3 1/2 years.!

[@michaelthomas229]

100% its gotten out of hand especially the housing market

[@KevinKamto]

I could see it in housing, but that's because they're assets with rent priced at a percentage of equity

[@rodicaionescu3024]

He will not have job next year Stalin will stop dictating

[@rodicaionescu3024]

Before election you monster All iur saving gobe