Fed's Powell speaks on the monetary policy at The Economic Club of Washington, D.C.- 02/07/22

Federal Reserve Chairman Jerome Powell speaks at The Economic Club of Washington, D.C. on the U.S. economic outlook and monetary policy, in a conversation moderated by billionaire investor and philanthropist David Rubenstein.
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Fed's Powell speaks on the monetary policy at The Economic Club of Washington, D.C.- 02/07/22

[@viviangall1786]

I blame the FEDs for this, because in the end they benefit by either buying off the failed banks cheaper or something. The fed can print credit as long as someone will borrow it into existence, but they cannot print product (or production).

[@carter3294]

Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned $180,000 savings to turn to dust

[@bobbygunz9254]

Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named Christine Blake Mckale, I can say with certainty that their skills are excellent. She helped raise over $580,000 in 18 months from an initially stagnant portfolio of $150,000

[@claradidi7573]

@@bobbygunz9254 mind if i ask you to recommend how to reach this particular FA you using their service? Seems you've figured it all out unlike the rest of us.

[@bobbygunz9254]

@@claradidi7573 primarily you can find her basic information online, you are welcome to do further study.

[@Curbalnk]

My opinion is probably heretic, but I really believe Jerome Powell is working based on reports on inflation figures. We can't really tell what will follow until after the inflation result comes in this March. Meanwhile, historical data have proven time and time again that stocks will always outperform bonds in the long run, so I'm sticking out my guns and I'm remaining in the market. Not pulling out $490k at this time. I just need to pick out quality stocks, and I'm good to go. The problem is how to find them.

[@TeresaBrickle]

In a market like this, the best thing to do is to find someone who has experience with the market, and to follow up with the person. Picking quality stocks require a lot of work, both in analysing quality companies and in reading financial papers. So I'd encourage you to find someone who knows how the market works.

[@velayuthman]

@@TeresaBrickle I concur. I spent some time on the sidelines watching and attempting to determine the optimum moment to enter, but that was before I came across a coach who had been praised by a pundit on Reddit. I was initially hesitant to contact the coach, but I eventually did so. I've been using her advice for 3 years and counting, and I've already earned over $1.5 million. Last summer, I went on a trip to the Bahamas as a small treat for my perseverance.

[@Shultz4334]

@@velayuthman This sounds interesting. My portfolio is in the red. Can you recommend your analyst, please?

[@velayuthman]

@@Shultz4334 My advisor "HEATHER ANN CHRISTENSEN" , is a highly respected financial consultant in the industry. For further information or to connect with her, a simple online search with her name will suffice. I wish you every success in your endeavors.

[@Shultz4334]

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[@lucaswilliams9992]

Major indexes booked their worst yearly performance since 2008 thanks to drivers like the recession, war, hiked interest rate and inflation which so far doesn’t seem to be easing off, so I’m left wondering what 2023 has in store for us investors, I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here, is it a good time to buy or do I wait?

[@edna6592]

I agree, having a brokerage advisor for inveesting is genius! Not long ago amidst the pandemic crash in March 2020, I was really having inveesting nightmare prior touching base with a advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far

[@edna6592]

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[@drewloyd1518]

only one thing will give you happiness. Its not the money, its what it can buy. Thats only one answer. Strippers and Cocaine.

[@drewloyd1518]

@@edna6592 also play the inverse. Go heavy on S and P futures, short the SQQQ and TMF funs to oblivion ..Gaurenteed money in my opinion

[@albacus2400BC]

If we are being truthful to ourselves, just like the rich, taxes can be a big pain. Income tax, value added tax, property tax, etc. Paying taxes is good, but we could also create our own tax havens. I personally put my money mostly in the stock market, since its appreciation is not taxable, and then when I sell, I find ways to make the income non-deductible in taxes. I 'm currently sitting on more than $327k of cash, and I'm definitely throwing it in the market. Just thinking of how to not lose it all, since the market is red.

[@legacymedia8468]

It upsets me how simple things like this are not taught in school, and then people complain about taxing the rich everyday, as though the rich should pay for their own ignorance. I have been doing the same thing myself, using the market to shield myself from the market. But I hate making mundane decisions, so I just invest through an advisor, making good profits, avoiding taxes, while doing very little work.

[@kaylawood9053]

@@legacymedia8468 I've been doing this same thing myself. Can't get into trouble with the IRS when I have no income and all my money is in stocks. I don't like doing the work though. Lol. So I just invest through an advisor who does the stock picking. My money grows, and I'm tax-free.

[@kaylawood9053]

@Roland Ray Have you heard of SHARON LOUISE COUNT? She gets featured regularly on CNBC.

[@oneiljerry9460]

I recently purchased some ETFs. Saving for a market fall is also a bad idea. There are different perspectives on recessions and depressions; we cannot always expect significant rewards; and taking risks is preferable to doing nothing. The bottom line is that by diversifying your portfolio and making sensible judgments, you will accomplish exceptional outcomes. In 2022, my portfolio returned $608,500.

[@alexyoung3126]

Time in market beats market timing. Some people think they can view investing as a get-rich-quick scheme, but it doesn't quite work that way. It's a long-term commitment.

[@joesphcu8975]

It's not difficult, but you have to learn and manage. Another thing is that if you can't manage your home, maybe you shouldn't invest on your own. If so, you should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows, rather than betting on penny stocks.

[@lawerencemiller9720]

The market's uncertainty is one of the reasons I have my daily investment decisions guided by an investment advisor, as their skill set is built around going long and also shorting the market to maximize returns, both employing profit-oriented strategy and laying off risk as a hedge against inevitable downtrends, and when combined with exclusive analysis, it's nearly impossible not to outperform. Since the 2020 pandemic, I've made more than $1.5 million after subsequent investments thus far.

[@stephaniestella213]

@@lawerencemiller9720 Please would you mind suggesting a professional with a variety of investment options? extremely rare, and I eagerly await your response

[@lawerencemiller9720]

My advisor is ‘’INGRID CECILIA RAAD’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@hueymorello5115]

I realized it was happening, but most people didn't realize it was happening. I mean, because as a self-employed person, when there is a recession or a cutback in the economy, we feel it first. Because many self-employed people provide services that are nonessential.

[@joecaruso06]

Recession is a time to rethink the policies that are to blame. In either case, I'm happy I sold majority of my assets on the fin market at a premium price.

[@mvanwie]

Majority of stocks on my ptf are worth more now as a result of holding during an economic downturn. I wouldn't think selling would be a wise decision. Your holding capital is again a factor. Following diversification guides provided by Yvonne Annette Lively, I’ve been able to average 9.2% increase monthly as a passive investor I advise you learn the fundamentals of how the market operates before entering next time

[@maryalchester]

@@mvanwie Interesting. I stand corrected, nevertheless... A recent cbcc episode may have included Yvonne Annette Lively. She discussed how credit and debt drive the economy. She's a touch pricey, but it's better to be safe than sorry, right?

[@Mikesorrento3344]

Fed caught between rock and hard place. They have run out of runway. Chickens coming home to roost. They must raise rates to quell aggressive PCE, PPI, and CPI inflation. Problem is our economy can not handle the the interest rate needed to dampen the true rate of inflation which is north of 12-14%, and not the phony stated 6.4%. Volker proved that interest rates need to be higher than inflation rate in order to curb inflation. Remember this post because you will be living it soon.

[@tommyfisher277]

@@mvanwie looked her up and it's a 9.6% her records with MS sure seems interesting. Thanks for the info btw

[@joesphcu8975]

I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some inves-tors still make that despite the strong bear market. In wish I could pull that feat

[@johnlennon232]

I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.

[@jessicamoore3093]

This sound interesting. I’m not really one to use pro analysts, but I guess it would not hurt to try one. My portfolio is in the red waters right now

[@jessicamoore3093]

Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds, I plan to start 2023 on a woodnote financially.

[@christinabecker5495]

*You are such a blessing to this generation and have inspired me in many ways. I kindly ask; what’s your opinion on the best way to make money in 2023?*

[@oisinryan5078]

There’s no such thing as easy money but to live comfortably with good finances , you need to Invest, save and be frugal. I have been doing this and I’ve no regrets.

[@oisinryan5078]

By investing my money with Lucy Victoria Fernandez (a U.S.Base Financial Adviser), I was able to buy my first house and my dream car early before retirement. I always tell anyone who wish to listen that it is good to save but the wise invest their money.

[@christinabecker5495]

@@oisinryan5078 Congratulations 🎉 I really wish to come here one day to give such testimonies. I am really interested in investing but without a solid understanding of what is best to invest in, I am unable to get started. Can you share more information about your financial advisor?

[@oisinryan5078]

@@christinabecker5495. To make inquires about *Lucy Victoria Fernandez * , please conduct a research on the names below👇

[@oisinryan5078]

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[@surajmondal8463]

Starts at 41:20

[@alphawhisky5171]

Dude. Thanks. I was just watching rich people eat and laugh while waiting so they could decide my future.

[@DollarCostCrypto]

You dropped your crown king 👑

[@djudju8047]

MVP

[@maybe1034]

thank you sir

[@lonsos1]

Not all heroes wear capes! Thank you!

[@adamscottv]

Great job by this interviewer. He asked all the questions that needed to be asked and lightened things up by mixing in some personal questions and humor. This is how you do it.

[@barrycalvert8219]

Weak

[@marlonbrando5264]

What a joke the fed is! They just print up money from thin air and expect no inflation?!! Its all corrupted. Keep taking your vaccines if you like this stupid mess.

[@adamscottv]

@@marlonbrando5264 I think you mean the Treasury Department.

[@marlonbrando5264]

@@garyfredrickson2301to the cabaal

[@marlonbrando5264]

@@adamscottv nope the federal reserve. They are the primary reason for the inflation besides our government asking for more money. No oversight because the federal reserve is not apart of our government. All central banks of the world are working together for their new world order. Fiat currency is easily manipulated. Wealth base requires a accounting for your real assets. Watch the debt market to collapse invest in something physical.

[@chrisbluebird5037]

I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.

[@joshspring7686]

There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts

[@pigsbark4173]

@@miawhitlock9140 I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you

[@miawhitlock9140]

@@pigsbark4173 Wendy Helene Bennett is the coach that guides, you probably might've come across her before I found her through a Newsweek report, she's quite known in her field, look-her up.

[@mesutserim1595]

@@miawhitlock9140 Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

[@gabrielgarcia8606]

Gold helps me sleep.

[@philipkovalenko6192]

The Interviewer is a Genius. He uncorked J.P.in terms of his non-verbal body language to the indeed straight and roasting questions! That was the Best Hi-Intel show I've ever seen in my Life! Thank you, Mr.Interviewer.

[@ildeupereirafilho4247]

Abs is

[@jaegpsde3877]

Jay looks like he is riding his bike without the seat :\

[@justthefacts1975]

Best Stand Up Comedy routine I’ve seen in ages…😅

[@nurbekss2729]

Event is starting at 41:22

[@eugeneeugene3093]

Thank you!

[@tonilanger1460]

solid one. thanks.

[@brianadams6204]

TY

[@SrikanthPRABHA7]

Blaming and killing the strong job market is probably shortsighted view. Instead of killing the demand, fix the foundational issues on supply side. It’s hard but the right thing to do. Unemployment and poverty never contributed real GDP growth. Productivity and Employment does. Chase the trail of money that was printed during the pandemic and take it out from the system. I am 100% sure that money already made it’s way to big banks, wealthy and rich.

[@kevinansley2087]

Supply chain is a) in shambles and b) in an early stage of full transformation... be a decade before it is at any form of normal. Sad times on deck.

[@jollipetdrive3660]

They don’t have control over the supply side. Cant just tell Russia to stop the war immediately or tell China oi open up when we need you to.

[@diablo4343]

Finally someone with brains.

[@MarkShinnick]

Fed can't fix the foundational issue of Congress's spending which the Fed must then fund with dollars. The right thing to do is for Congress to stop spending the nation's treasure.

[@michaelkniazuk6418]

People may think his salary is too low but the insider trading makes up for that Powell is worth millions. The same can be said for senators and congressmen.

[@fupopanda]

He was already a millionaire investor that was trading the financial markets fulltime before he was nominated to the Fed Reserve.

[@joseistoocool]

@@fupopanda you think he wasn’t in the know fool

[@fupopanda]

@@joseistoocool In the know of what? Your comment sounds much more stupid than mine, so I don't even need to call you a fool.

[@theonlyconstantischange123]

Was funny hearing all the $180k jokes because everybody knows J is worth waaaaaayyt more

[@woulfgw]

I'm sure his insider trading is helping fund his passion for blow and high price hookers. (sarcasm)

[@SelfPropelledDevo]

Awesome interview What a battle we have on our hands.

[@ChuaOiConDay]

He ask very basix questions that are on everyone's mind.. Other interviewers trying to ask sophisticated that they don't know what they were talking about

[@ouyanglin]

1:19:47 Rubenstein closing off the interview by bringing up Powell’s salary again is hilarious

[@TickerSymbolYOU]

Why is CNBC's camera so damn shaky?!

[@eugenejohnson7755]

The host is excellent 👍👍👍

[@marlonbrando5264]

Excellent in a complete moron? Why don't they ask why they keep pumping money into the stock market? Or why do we even need the fed? They have inflated everything and our stupid government has allowed it. No over sight!!! What globalist power junkies!!

[@rexmundi273]

The rich smiling and laughing, while people are struggling.

[@considerphi]

Yeah the "laugh track" was cringe. What are you laughing at people? Noone can afford housing and food.

[@ChuaOiConDay]

First time I heard they ask very interesting questions.. Like does he gets the data ahead of times.. Etc.... Very useful

[@MarkShinnick]

Powell may be no Paul Volker, but I truly respect how frequently he places direct responsibility for fiscal behavior the Fed must cover-for, UPON Congress....and hence the American voters.

[@MYC_ODD_APP]

LOL

[@marlonbrando5264]

The fed is a joke. They are playing with fire by inflating the dollar. Its not backed by anything!! Fiat currency. Ill take a brics dollar thats backed by gold. End of the line for the dollar coming soon.

[@MarkShinnick]

@@marlonbrando5264 Don't forget that Congress first does the reckless spending the Fed has to cover for.

[@marlonbrando5264]

@@MarkShinnick yes but why is the fed handing out free money to the government? In turn it boils down to the tax payer. The federal reserve is not a government agency with no oversight!!! No accountability. No audits! It doesn't take a rocket scientist to figure out they are inflating the dollar. Welcome to the new world order

[@jonathanlubarsky2782]

@@MarkShinnick Lol not in this case. The Federal Reserve started printed 4x our entire money supply on their own volition. Days before congress did anything, and even when they did, it was just a couple hundred billion dollars. It took a few more weeks for them to actually start spending big. Then the Fed said for all of 2021 that the inflation was transitory and ignored it, while any basement finance youtuber could figure out that it was a problem.

[@reuben3077]

Most powerful man alive

[@robertwalker5521]

Hulk Hogan

[@gotraderpros]

How can I attend these events

[@ricinro]

It appears that supply chain challenges that started before the pandemic and through the pandemic led to inflation. As these supply chain issues get resolved inflation decreases. Raising the Fed rates is a traditional tool but we could have a tool to fight price gouging that could have been more effective sooner.

[@toinengwyn3935]

Too much cheap and easy credit leading to too much demand is the primary culprit for high prices. High prices are falling primarily because economic activity (e.g. demand) is being crushed by tightening liquidity and higher borrowing costs.

[@phi-bt3vv]

maybe we wouldn't have supply chain issues if we didn't park hundreds of ships off the coast of CA for no apparent reason. maybe bidens policies have cause inflation. pretty sure shortages didn't make the cost of everything go up. just some random products that are experiencing strange sabatage such as disease and fires. i think you trace inflation back to bidens policies as he wages his war on fossil fuels. people forget gas went up before russia ever touched ukraine. i didn't forget and yet biden claims that's why. also, putin even said that our inflation is being caused by our politicians, not them.

[@alohastateofmind3565]

What is Chair Powell's net worth? As per Forbes in October 2021, the board chairman's salary is $203,000 annually. As per Celebrity Net Worth, Powell's net worth is $50 million. He's the richest member of the Federal Reserve Board of Governors.Dec 1, 2022

[@joelsarchitectureresearch]

What's with the jazz hop at the beginning? Lol

[@ChuaOiConDay]

Interesting how he said about "straight face" Powell does have a "straight face" when the market goes down as when it goes up...

[@yimingzeng3811]

anyone know what watch Jay is wearing?

[@andrewyang1446]

I came for the 40 minutes of music between the opening remarks and the interview!

[@munaidriss5529]

What was the jazz music they used for the waiting period around 6 minutes in? It's gorgeous

[@kaspermb9250]

Coffee Jazz - use shazam

[@wanderingfido]

It's probably in a pr0n flick somewhere. . .

[@ezioken9148]

what about gold it rise or down?

[@MisterBig04]

What a good interview

[@sonicboonetv]

The beat at the beginning though!

[@asapvicetrades3468]

Nice interview

[@donlee9459]

진행자의 질문안에 공적 그리고 사적 질문 으로 완벽한 조화 있다. 어려운 질문에 이해되는 답변 이었다.

[@joaquimcevallosmorales8944]

Not so high of a salary for such a responsibility. Plus, he founds it a fair one. It's hard not to like the man!

[@CuriosityCollector]

Yo what is this music. Fed listening to lofi beats

[@user-oh2jw5ee4t]

請秀出中文字幕？

[@LivingWithGout]

Lolol I can’t with the interviewer lolol😂

[@robbymccabe]

49:20 "Two percent is firm, not changing that" "yes" AHEM

[@DETROIT1948]

Excellent. Thank you all!

[@mp_3092]

Lol Powell being trolled at the end 😂 Look at his face when he leaves and you know where markets are heading ^^

[@fvosteezyy]

was a great day for day traders, but man that was a wild ride

[@flippatheshippa]

For real Powell really put that day on a fun ride!

[@offinato5708]

wait what was that fire song playing as the intro

[@tinman7342]

Powell is the perfect Fed Chairman for the modern day ....he wants to give straight talk but just can't bring himself to hurt anybody's feelings .

[@CaptainXD]

Enough lies about the fed get circulated on a daily basis without him answering a loaded question and having to deal with dishonest sound bites floating around on Twitter for the next century

[@Private_Library2]

I really enjoy the interview! Many interesting questions! Thank you! I’m a bit surprised with Powell’s salary, it seems too low for those responsibilities…

[@dreamlifedividends]

Does it matter when you have the power of insoder trading? Powell is worth millions

[@Private_Library2]

@@dreamlifedividends US regulations are very tight . My understanding: a. His networth is being tracked ( he needs to report it). b. He’s not allowed to buy individual stocks and has to go thru 45 days of clearance when buying or selling . c. He can’t accept a gift above $50 etc etc

[@josephreddick1503]

Also im Canadian

[@Kalandrack]

f** the meeting, shout out to the media guys in the background, those beats a dam nice!!!

[@chompnormski]

Inflation is the expansion of the money supply

[@josiahkelley2524]

beat at 40:30???

[@joshuavanderplaats]

Note: HE MEETS SIX TIMES per year at the BIS in Switzerland. 58:00. “Its very important…in times of a crisis that we know each other.” The BIS is the boss folks. Not the FED.

[@696634]

There are some other "clubs/groups" that control BIS. Look deeper..

[@bpihead]

is that date right?

[@vcrt141]

Yes, why?!

[@jpmking9635]

when inflation started Powell said they wanted to try and stop inflation without sacrificing the economic gains from the recovery. Now he says inflation is under control so does that mean the economic gains from the money printing might not last?

[@PEACENOWARRR]

In other words. ´´We need to raise the dept ceiling so we can bring the money printer back on´´. Perfect

[@CaptainXD]

No, that's not what he's saying at all. He's saying if the US doesn't raise the debt ceiling that we'll go into another lockdown and then eventually it'll happen anyway. It's out of his control and hinges purely on Congress. The Fed was created by Congress, not Jay Powell.

[@tylermiska8380]

Let’s hear J Pow’s music!

[@MrOP66]

If BK statement about the gaming being free to play model, why is Activition selling CoD for 100 dollars. 1 Billion USD in 10 days after release.

[@valenciae271]

Mother Fer asked him if 190k per year was enough. I could only wish to ever see that money.

[@user-om5jn2pq6y]

the time in the title should be 02/07/23

[@lalehhanks4685]

love when the mic's are hot. lol

[@lalehhanks4685]

then they turn up the elevator music. just let us listen!!

[@CARBON-AI]

why has there never been a minority in the 19 chairs ?

[@buchilu9680]

David Rubenstein really outside himself here. Powell Is frequently direct and aproachable without giving anything away, but this Game of data chichen was hillarious.

[@chadksmith]

Great questions and informative answers!

[@misterkeeper]

How many millions of dollars are paid out in bonuses to this room of people assembled here ?🤔

[@douglaskidd280]

We are not experiencing normal inflation. It is being driven by corporate greed. Regulate Industry, deregulation is a disaster.

[@hgdsjkhajigds1216]

Great job!!! Housing prices are rebounding

[@robertwalker5521]

BLIND TRUST....overseen by NON-GOVERNMENT employees.

[@joshuavanderplaats]

He discusses other countries, yet we have the world resolve currency. Our decision effect them. They treat us like we are so dumb. And we are.

[@mwolrich]

not for long. The Saudi’s are accepting Renumbi from China to pay for oil.. Bretton Woods was brilliant, but almost meaningless now

[@AnberThe]

This is the worst Fed i’ve ever seen. They actually are rooting for lower employment. It’s surreal that a man in this position is seriously saying that the “economy is too strong” WTF!!!

[@vladimirgorea8714]

Hahaha the salary is a joke for the responsability. The allegiance is with who pays the best, and that is not the us public

[@tom7258052]

guess what ~ The truth about the ROC illegal invasion of Taiwan when World War II ended in 1945, the Allied forces were still discussing how to deal with Taiwan, in that time the Republic of China invaded Taiwan。 In order to sanction the regime of Chiang Kai-shek, the Allied Forces cut off KMT military aid and push forward to give up occupied Taiwan. but the stubborn Chiang regime still occupied Taiwan until the KMT army was defeated by the Communist army on the mainland China. However, the situation changed later when the Korean War broke out. The goal of the Allied Forces changed from forcing the KMT illegal regime to give up occupied Taiwan to preventing Taiwan from being occupied by the Communist Party. However, Taiwan's independence was dominated by the Communist Party at that time. That's why the United States let go of the Chiang regime and the KMT. Now the situation has changed again, the KMT is agent of the CCP in Taiwan. If you want Taiwan not to fall into the Communist Party, just only have Taiwan independence. Long live for Taiwan independent

[@stepanstieber]

Hmmm ... and one question, that the inflation is stealing purchasing power from people and is mainly caused by "printing" of money and 0 interest rates which FED is responsible for, was not asked why? ;)

[@VictorNg90]

the date should be 02/07/23

[@vaughnbay]

At 56:48 Powell calls the FED a "public institution..." The FED is a PRIVATE institution, a privately held bank, for profit, which won't even let the US Government audit it. Powell knows that. So much for your cred Mr. Powell, not that you ever had any.

[@benzvd]

Increasing interest rate kills two birds with one stone. While pressing down inflation rate, it strengthens value of USD. USD Index may reach above 120 this year.

[@hacenebelaid6660]

As much as I'm against Central Banking system, US federal reserve is an example of clarity and transparence (to the extent possible).

[@KaspaKings]

Lol yeah that’s why they don’t ever get audited

[@ronaldkrikorian4712]

Jerome Powell is so wishy washy it’s pathetic! Greetings from Australia 🇦🇺

[@B-------D]

The goal isn't to Lower prices- its to slow the speed of nominal price increase& and keep the system Alive.

[@theonlyconstantischange123]

That's literally what 2% inflation means. They say it every day. They absolutely want inflation

[@iamBANGMARTIN]

5:57 someone’s getting busy!

[@josephreddick1503]

Mr Powel if you put Bitcoin on the balance sheet. That’s what will change the game

[@TheBen8355]

The goal is to lay off workers to keep wages lower. They don't want the slaves to get out of line. Prices will forever be higher and wages will rise little to none. Watch for layoffs and wage freeze's.

[@forrestackerman]

wrong date on title...

[@charifield]

That salary was not as high as I imagined. Hmm

[@aochoa0726]

A guy that makes 190k a year is worth 30-50 million. Funny he can't figure out how to fix the economy?

[@devo9167]

It's all part of the plan.

[@boardgameguyboardgameguy9194]

Dey all criminalz

[@ryanyi6753]

Like he said, the FED'S job is for the US to have 2% inflation rate and a maximum unemployment(4%)--which he'd already achieved(3.4% currently). The FED is not there to save the economy--except the stock market...

[@aochoa0726]

He openly admitted he wants unemployment up in an attempt to lower inflation. I think when it comes to unemployment and inflation, the real numbers are probably almost double what they say they're at. As far as his claim that the Fed isn't there to save the economy, every decision they make affects the economy. Nobody wants to be responsible when we're not doing well, but if the economy was booming they'd all be making a claim to it. If you control the interest rates, you have a stake in the state of our economy. This is just my opinion, I'm not an expert by any means.

[@paradox104]

I am just curious how people still think the economy is strong? 60+% are living pay cheque to pay cheque, 44% of businesses can't pay the rent, rental prices are through the roof, groceries more than 50% higher Microsoft, Google, and most tech companies are cutting jobs...but wait the economy is very strong. Seriously, people?...question: Are you better off today than you were 5 years ago?

[@ryanyi6753]

The Big techs and oil companies are laying off less than 5% of their employees not because they're not doing well but because they don't want their stock prices to go down any further. And some of them are planning to buyback their stocks because they have so much excess cash and rather than investing more and take on more risk in a recession, they wanna play safe. Most of these people who are laid-off at Big Techs don't stay unemployed for long anyways.

[@Castellanocreep]

Geeee immigration is a factor with jobs. Glad someone asked some tough questions

[@philleach6271]

You can’t fool us that you didn’t know what the labour market numbers were going to be.

[@crunchymms]

Good to know that the only way the fed talks to the administration is through lunches

[@TheRomanTimesNews]

38:02 😂❤🎉😅if you understand ( VaLue ) then MiNT da’ 🪙 (duh $ )

[@markhorbalochyt6803]

what about crypto

[@33sidesofstrange]

13:40

[@rickybobby7276]

Powell has got to be so happy right now after toppling several banks in a couple of days.

[@ricinro]

Curious...if they don't serve lunch these guys don't work?

[@ricardogolia4148]

Than earlier

[@tommeliza]

He takes no responsibility for deficit spending having a role in fueling inflation.

[@umyrds9950]

1:37

[@nopeno6514]

Leaving at 0:25. Don't want to hear anything that dude has to say. He's not an entrepreneur, has no business or money at stake. The FED should not exist in first place.

[@osmanaktas77]

what a scam market