John Carney: The Federal Reserve should have waited until November

'Kudlow' panelists John Carney and Scott Bessent discuss the political impact of Fed Chair Powell's decision.
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[@patriotasylum]

BRING MY GROCERY PRICES DOWN NOW!!!!!

[@georgewilson4245]

IMO opinion, DJT Media stock is liken to the Trump's Atlantic City Casino scams. Prepare to lose it all when he cash in?

[@Ravi-rl8tt]

I think those prices are here to stay bro

[@WokeisaJoke0522]

Government needs to tame inflation and big food companies need to stop price gauging

[@Ravi-rl8tt]

@@WokeisaJoke0522 🤣🤣🤣 that gaffe

[@illegalsmirf]

Sure, as long as you're happy for your own wages to come down as well?

[@BIGTBBQ316]

OF COURSE IT IS POLITICAL! GEEZZZZZZ!

[@barrysmith8193]

Am I the only citizen that understands that the politicians are spending us into bankruptcy? When does the overspending stop? Fiscal responsibility evaporated decades ago if there ever was any. If I ran my companies ( I have 5 of them) like the government 1800 more people would be out of work. The word “leaders” is beyond moronic when it comes to the government.

[@peterponcedeleon3368]

So-called conservatives are no longer concerned about deficits. They are no different than liberals. Kamala Trump will bury us under a mountain a debt There’s no difference.

[@Ravi-rl8tt]

Lmao, that’s the real issue. We need lower interest rates to stimulate the economy. The government spending is the problem. Appreciate your service, sir. We need people like you to keep putting food on our tables.

[@torreyvent9429]

Biden can borrow money cheaper.

[@jerrybrickley2115]

Lower interest rates increase inflation and raise prices of food, utilities, etc

[@Mrjim-z8b]

Since obama was in the Federal Reserve has been doing everything to help Democrat Presidents

[@georgewilson4245]

Federal Reserves serves the economy of America. Stupid is as stupid says.

[@petersack5074]

@@georgewilson4245 ? smart water, smart phones, smart houses....smart tvs' ....= Stupid Ignorant People , makes. Been watching peoples ' ' character ' slowly rot away, since MR JOBS introduced his ' smart phones '......'' going along - to be seeking ''''' likes '''' does NOT for a Nation Building Individual character MAKE /// old guy -keen cultural historian) OLD time heroes, have gone and died. Ain't no more....just all spinelss wimps. Reagan and Gorbachev, were the last ones...

[@srinip]

I disagree with the political implication. Quite frankly, just because the Fed lowered the rates as much as they did is not going to make me vote for Kamala Harris - NO F WAY!!

[@007MJFan]

Agree. Same here. The rate cuts actually could make inflation worst. And I pray to god she doesn't get elected or the country is bankrupt.

[@centurione6489]

Besides, it would be great if the overinflated market bubbles popped on Biden puppeteer's watch.

[@centurione6489]

Besides, market bubbles popped on Biden's watch would help Trump.

[@007MJFan]

@@centurione6489 , which bubble? The inflation?

[@atxkill]

You're oblivious to the impact it seems.

[@heent7972]

MORE ELECTION INTERFERENCE!!!

[@mortenjrgensen5497]

Yes they try hard to make it all look bad ..and its not 😂

[@utkbyuca89]

Election Interference

[@mortenjrgensen5497]

🤡

[@drbnaz8901]

Carrying a gun in Arizona is a legal right, but it comes with a boatload of responsibility!

[@55points]

the fact is the people running the country are not too bright. Its a wish and a hope style of leadership on everything.

[@slappy8941]

You have to be an idiot to not understand that everything they do to hurt us is 100% deliberate and intentional.

[@swamisalami3000]

They are panicking.

[@ChadAdkins-hx5zz]

Dems know they are LOOSING!!!!!

[@Thomas-fr8nx]

Prices are still going up.

[@usaineurope9450]

God bless President Trump and his family. Trump is the best president EVER!!!! Trump 2024

[@marlaholland5366]

We all know is a political move

[@denisestuermer3597]

This is on purpose. Trying to force a crash while their still in. So they can control how the crash goes, and what happens after.

[@chashue6032]

What an ignorant take on this.

[@ImprovmanZero]

not ignorant there are some economists who think the plan is to tank this currency because the debt is in it and swap to a different one

[@HappyDinosaurFossils-xf4zw]

​@@ImprovmanZeroThat's an even dumber thing to say. You aren't' American are you?

[@slappy8941]

While "their" still in? 🤦‍♂️🤦‍♂️🤦‍♂️

[@slappy8941]

​@@chashue6032Found the fed.

[@darwel007]

The US is in unserious country of clowns.

[@nickvin7447]

100% political.

[@jimmygonzalez2916]

THE NUMBERS WILL NEVER ADD UP....SPEND. SPEND & SPEND

[@riftdream3]

Rate cuts will do nothing fed is Late to the game as always inflation is now going to go up cutting rates always increases inflation

[@paulward5491]

So...raising rates will lower inflation . These people don't know this? After all these years of banking and economics experience?

[@riftdream3]

Oh they know it’s either cut rates now or complete collapse that’s why they did a 50 rate if the economy was so good they would do a 25 rate it’s so obvious it’s sickening

[@Fgji230]

Larry kudlow shouldn't criticize anyone on inflation. PPP forgivable loans? 30% spent on waste and fraud? That was under Larry Kudlow. So do try to sound like you got a brain Larry.

[@slappy8941]

They're all in the same club.

[@ratpyan]

What was the inflation rate when Trump left office? 1.9% Just keep spinning.

[@Finhogwash]

Trump being so far ahead at this stage is making them make mistakes, but the blue orcs will think its amazing wait for it 😂

[@chashue6032]

Trump is lagging, try to keep up while Trump plays catch up.

[@Finhogwash]

@@chashue6032 i dont know you're thinking to lead you to that conclusion, but I know for a fact its cope and you're delusional. Hes campaigning in deep blue NY if that's in play it is well and truly over bud 😅

[@chashue6032]

@@Finhogwash Trump is done. Remember where you heard it. Next time, pick a better candidate.

[@Drew-sy2bn]

​@@chashue6032Trump's going to wipe the floor with Kamala she's done. And you should be thankful

[@donnasoares9141]

Nothing has come down

[@Gerardoealcantara]

Inflation has

[@DronBeeNC51]

and nothing will come down.

[@CBGRTR]

​@@Gerardoealcantarano it has not it's slowed but still rising it is where I live anyway

[@jumblejag6197]

@@Gerardoealcantara ,Inflation still rising but it's rising at a slower pace.

[@zeke5491]

They had to help Harris

[@billw7894]

Waiting for trump to say - jpowell you are fired 😂

[@Joe-nj8py]

Absolutely ❤

[@2011JYC]

I hope and pray!!

[@Alex-m1d4c]

Trump appointed Powell. He has the best people, right? Trump never makes mistakes!

[@Joe-nj8py]

@@Alex-m1d4c Powell is weak and did what he was told.

[@Alex-m1d4c]

@@Joe-nj8py So Trump was wrong?!? Say it ain’t so Joe!!

[@GeorgeOzier-gr5zq]

Why fix a problem now when you can wait? Like the immigration bill that could've been signed last spring?

[@heathw4739]

THIS!!!^^^^^

[@chashue6032]

No, the FED is doing their job. Comey should have waited until November. That is the FBI policy.

[@andreawahleithner9640]

Kamala will raise our taxes. We cant do this anymore. We broke

[@konakreek3317]

The unemployment is way higher. The fed isn’t counting anyone who has been out of work over a year

[@Barweezy]

Hard to say this wasn’t political. Biden gains the victory of a stronger market and if inflation re-emerges, that’s either Trump’s or Kamala’s problem.

[@thehammer5164]

It’s political but it won’t help the current dictatorship.

[@paulward5491]

It might help the coming dictatorship.

[@Butterflies58824]

The Fed is independent in the sense that monetary policy and related decisions are made autonomously and are not subject to approval by the federal government. BTW Trump appointed Powell to Federal Reserve!!

[@JoesIceCreamCone]

What data, it’s a fake.

[@dronesarewatchingyouwhiley4587]

John Carney should not be in any finance conversation.

[@MonetaryRebel]

Guys.... the Fed is ALREADY TOO LATE. They should have cut 25bps at the last meeting and 50 here. Hiring has slowed massively, unemployment is creeping up, the yield curve has uninverted. The economy is not okay. Commercial real estate is still upside down, credit card and auto loan defaults are reaching new highs every day, and everyone has forgotten about that.

[@Alice-m7e]

Consumer spending up.....20+ million getting magic money cards. Not citizens spending.

[@networth9151]

He does have a view of the economy that others do not have and we are in a recession. He is trying to give cover to Harris.

[@Creamb300]

It’s time 2 stand specially on taxes and rates

[@Plow-b1x]

A major mistake. Inflation will rise.

[@torreyvent9429]

Fed rate dropped to help Dems at the polls.

[@tomgolden1673]

The fed is a joke,every meeting its the same old song,

[@Fgji230]

12th Director of the National Economic Council In office April 2, 2018 - January 20, 2021 When covid stimulus was unleashed.

[@andreawahleithner9640]

Talk about the UN and WHO having a summit this week on how to get world governance....

[@jimdandy7323]

...this could save the commercial real estate sector...

[@robbiemcvane1046]

If they look at data to make decisions? What spread sheet did they look at!!!!!

[@GentlemanJack705]

If the Fed waited until November, it would have been considered political, too. Let's not pretend that we wouldn't have that perspective.

[@oliphauntsneverlie6227]

No it would not have. Try again commie.

[@Gerardoealcantara]

Crying over 25 bps when they have said all along they were cutting 200 bps over the next two years 😂😂 whiny

[@helix1061]

Interesting the 10-yr yield is rising even though the Fed cut 0.5%.

[@BirdGuio]

The rumor said it should have been .25 but in July

[@JimBob-o7b]

Not waiting, I am just working through loose ends. Dan.

[@slappy8941]

You okay buddy? 😂😂😂

[@WahjieWorld]

Sure that's not JD Vance?

[@angelgarza2215]

It doesnt matter what happens now. The recession train with a bunch of full oil tankers has no brakes and is heading straight to the middle of the city thats on fire It is not gonna be a good thing for the economy at all when this happens

[@CBGRTR]

I dont see how we are still going and not crashed never seen inflation like this in my 50 years stuff use to go up cents now its DOLLAR'S not one dollar either

[@hanaisalontan]

Carney is a joke. KUDLOW is a liar.

[@streetglidebub2039]

why waite,we Americans need every brake we can get,stop whineing about early rate cut,if it flopps,they eat it we suffer

[@sidcoolguy7]

short term thinking about a tool that doesn’t actually have any effect at all.

[@user-lq6ty5rr2t]

Why now? We are not stupid this is nothing more than politically driven sorry but too little too late stuff like this only pisses the American people off even more because it shows us they could have cut rates at any given time but they choose to do it now days away from the election …let me guess Kamala will mention this in her next interview 😂 smh.

[@TheCnelson3]

This is stupid.

[@JoAnnEaves]

I will admit I am NO economist. I CAN balance a checkbook. AND this WILL not have ANY overall effect on my bank account. Yall sound like the elites you really are! When you are down at my peasant level, which btw is most Americans (no insult intended) this "cut" is pretty meaningless. To help me NOW there needs to be NO interest rates and NO STATE and FEDERAL SALES TAX. And even that would only help a little..but a little is better than nothing. But this game playing by the fed is a nothing burger to a working poor person like me.

[@HappyDinosaurFossils-xf4zw]

These people aren't making any sense. The economy is good. Why don't they want to admit that? Not everything is political. The economy happens.

[@slappy8941]

The economy sucks and is getting worse. STFU fed.

[@132byrdman]

Are you currently smoking crack?

[@clhowy87]

Whose economy is good?!?!?

[@132byrdman]

Are you literally smoking a crack rock right now? Statements like that I would assume so.

[@Fgji230]

The irony of criticizing Fed of being political, for political reasons.

[@carlosroberson6659]

🎯

[@slappy8941]

Found the fed.

[@oliphauntsneverlie6227]

For truthful reasons commie.

[@xcloud777]

Of coirse they using it for kamahahala hala 😂

[@uaeio]

It’s good for the people, to hell with politics or being neutral. All this stupid talk has no economic merit, YOU make it political. The rate cut was required in order to avert damage to businesses that need to grow, letting people to get loans, reduce interest on credit!

[@nicolasbenson009]

My wife is already panicking, so many questions! will the rate cut lead to inflation? I'm very worried about my $1million stock portfolio losing value. Do i move to 100% cash? What strategies should I be employing in my portfolio right now?

[@sharonwinson-m8g]

This is the what people that handle their portfolio themselves go through. I will advice you get yourself some professional advisor to help you redistribute assets in your portfolio.

[@tatianastarcic]

I've been through the 'bonds are beating stocks' periods since the 90s with no bonds and with all aggressive stock mutual funds. At 56, my IRA and cash accounts are far more than I expected for my retirement. I can easily handle a worst-case 80% stock crash, Thanks to my advisor.

[@TinaJames222]

impressive gains! how can I get your advlsor please, if you dont mind me asking? I could really use a help as of now

[@tatianastarcic]

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.

[@Vincent-j8u]

I just looked this lady up out of curiosity and found her web page easily. Read through her qualifications, which were all very impressive. So I scheduled a call with her.

[@bonniegettingthrumyday2866]

😂😂😂 you think 😂😂😂

[@pascalouellette8516]

Powell may very well stoke inflation again...this is politics pure and simple...

[@Butterflies58824]

The Federal Reserve is independent in the sense that monetary policy and related decisions are made autonomously and are not subject to approval by the federal government. BTW Powell was appointed by DonOld when he was President!!

[@JAZCAT-kz4pj]

Jay Powell does not want get fired, he wants the status quo

[@Butterflies58824]

The Federal Reserve is independent in the sense that monetary policy and related decisions are made autonomously and are not subject to approval by the federal government. BTW Powell was appointed by DonOld when he was President!!

[@Fgji230]

When kudlow left his position as 12th Director of the National Economic CouncilIn office April 2, 2018 - January 20, 2021. Inflation was 4.2%.

[@captainwho1]

When Biden/Harris were inaugurated it was 1.395% FACT

[@venkatr5215]

these fox jokers still believe dumpy is going to win...haha

[@slappy8941]

Who pays you spammers and bots?

[@clhowy87]

Will you even feel shame when you’re wrong?!

[@beaubeauchamp389]

Consumer costs are still higher

[@petersack5074]

2:11 time. HE is spot - on, that man ....yup. Karma Kamala Khameleon Harris....