LIVE: Fed Chair Powell testifies before House Financial Services Committee - 6/21/23

Fed Chair Powell presents the Semiannual Monetary Policy Report to the House Financial Services Committee.
Federal Reserve Chairman Jerome Powell on Wednesday affirmed that more interest rate increases are likely ahead as inflation is “well above” where it should be.
“Inflation pressures continue to run high, and the process of getting inflation back down to 2% has a long way to go,” he said.
Powell said the labor market is still tight though there are signs that conditions are loosening.
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LIVE: Fed Chair Powell testifies before House Financial Services Committee - June 21, 2023

[@simonbad]

What happened to SVB is really scary, and goes to show that no corporation, however big, is immune to collapse. I have always had a deep-seated mistrust for corporations. I have plans to pull out most of my money, but don't know what to do with $350k sitting idly. I'd like to go into the stock market, maybe. Any ideas?

[@Erinmills98]

All big corps are just a cohort of centralised system working together, and any damage to one can have a dangerous ripple effect on every other one. I learned a long time ago to not trust corporations. Most of my money is in the stock market and my businesses. I keep only what I need to spend in my checking account.

[@AstaKristjan]

@@Erinmills98 Ironically, these are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The banks are in a big crisis. The market looks very shaky. The bigger the red candles, the bigger the green ones. I have made over $280k in the last 4 months by investing through my FA.

[@IrenaDolinsek]

@@AstaKristjan Wow. I've heard similar success story from people who work with advisors. How do I get in touch with yours, please?

[@AstaKristjan]

@@IrenaDolinsek Absolutely, I agree, and the markets are currently in a frenzy. The greatest time to observe them, learn more about them, and take advantage of opportunities to strike is now. My F.A, "Michelle Christine Parker," who has witnessed hundreds of market cycles over the past three decades, taught me this. She has an intuitive understanding of how things move, why they move, and what will happen next.

[@IrenaDolinsek]

@@AstaKristjan Definitely gonna check her out.

[@Raymondjohn2]

We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.

[@hermanramos7092]

People believe their currency has the worth it does because they have no other option. Even in a hyper-inflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

[@martingiavarini]

Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.

[@Oly_laura]

You are right! I diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above 1.3m in net profit across high dividend yield stocks, ETF and bonds during this red season.

[@hermanramos7092]

@@Oly_laura How can I reach out to this coach? because I'm seeking for a more effective investment approach How good is this person at portfolio diversification, particularly with regard to digital assets?

[@Oly_laura]

@@hermanramos7092 My advisor is ‘’Catherine Morrison Evans’’ 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

[@networth9151]

I am glad to see that Ms. Waters can read the speech prepared for her.

[@teresabarnes-matych]

🙄

[@leedavis3639]

Roughly £120k in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.

[@darrenphilip247]

You need to hire a financial advisor to help you diversify your portfolio by including Mutual Funds, Etf's, the 11 GICS groups, inflation-indexed bonds, and stocks of companies with reliable cash flows rather than growth stocks, where prices were based on future prospective earnings.

[@chloeanderson543]

@@darrenphilip247 That's correct. At first, I wasn't too pleased with my gains compared to my previous performances, I was doing so poorly, I thought I needed to diversify into better assets, so I got in touch with an investment-advisor. That same year, I pulled a net gain of £550k, which is about 10 times more than I average on.

[@kalfmanbrown5953]

@@chloeanderson543 My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor

[@kalfmanbrown5953]

@@chloeanderson543 Thanks for this tip. His handle & website popped up on the first page immediately I searched Ethan’s name, I read through his resume and it seems pretty tight. So, I dropped a message & hopefully he replies soon.

[@farehtinyilmaz851]

@@chloeanderson543 his testimony is everywhere.

[@transformationofthebride2295]

They point all the reason for the inflation except the most important one, the irresponsible government spending.

[@MBarberfan4life]

It's more nuanced than that. Government spending, per se, doesn't cause inflation: government spending financed by money printing is inflationary.

[@devangpatel5227]

typical

[@FuckYou8495]

Then they get mad when you call them fake news

[@Joeofalltrades85]

And the market is still going up seem set up to me 😊

[@Serious-Man]

Irrelevant questioning for the most part. Congress showing they are not serious leaders.

[@kengurney5725]

I remember when money printer used to go brrrrrrr

[@precisionmarkets]

its not stopping dont worry bro haha

[@detectiveofmoneypolitics]

Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank ❤

[@rrssmooth6643]

Can you believe, the panel believes what Powell is saying. LMAO.

[@denisdavid342]

My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in US.

[@josephlee4001]

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.

[@onwugharablessing8264]

Such market uncertainties are the reason I don’t base my market judgements and decisions on rumors and here says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 750k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.

[@stevenjuan259]

I’m in dire need of guidance so i can salvage my portfolio due to the massive dips and come up with better strategies. How can I reach this advisor?

[@emilysmith5287]

Having a counselor is essential for portfolio diversification. My advisor is "JACKSON STEN MARSH. who is easily searchable and has extensive knowledge of the financial markets.

[@Mathew-bp5bm]

Found him, I wrote him an email and scheduled a call, hopefully he responds, I plan to start 2023 on a woodnote financially..

[@julesnewtonnash843]

Cyprian my friend, how would cristopher salvi fare at a testimonial hearing? doesn't seem as he got much Time with Truss - we re-packaged the Double Decker Burn Out into the Grenfell Burn Up for Cameron -

[@Ryanwagner89]

Before we stopped them, our advisor had us in over 60 assets. I'm now on my own to attempt and tidy up the mess. lost more than 25% over the previous three years. Huge national financial organization.Gregory Thomas Patchak has helped us become debt-free, save for retirement, and has helped transform my life. He has been amazing, and ever since I met him, my life has taken a positive turn because of the passive income through his knowledge and ideas, which are crucial for succeeding against all odds in this area of online commerce. I'm happy that I was able to contact him earlier this year.

[@amberpetals781]

Thank you for sharing your experience. Your coach was simple to discover online. I did my research on him before I wrote to him. He appears knowledgeable based on his online resume.

[@FrancescoAcquaviva93]

I found his extraordinary resume when I searched for his name on Google. I count it a gift that I went over this remark

[@Josecordorba]

I made a significant profit on my investment. But ultimately, everything depends on how much money you invest. You might be able to make more money if you have a substantial start-up budget. It's all because of Gregory Thomas Patchak.

[@Mirykoach]

Gregory's concept is crucial for success in this sector of online business against all odds. His management team has performed incredibly well so far. I made about 288k in compounded gains with $14k.

[@Dr.sidharthsoma]

I unwillingly copied and pasted his complete name into my browser, and now his page is at the top! incredibly great and helpful, far above expectations

[@forthebetterfutureofworld]

The only reason inflation is so big is money printing by Fed and it is being to slow of starting money tightening

[@Kanne606]

"...So banks are well Capitalized if consumers continue to be LAZY AND STUPID..." Powell agreed

[@Kanne606]

The End Goal is CBDC , so bringing out the negative enhances their strategy... they recently stole another $10 trillion from the US Treasury, so you can't trust their CBDC , They're THIEVES

[@mikem4432]

Maverik of Wallstreet incoming video please.. this congressional testimony is COMEDY GOLD.

[@ivanbakhvalov4731]

I’d like Mav to address the question 26:45

[@socialq7309]

Its transitory 😂

[@julesnewtonnash843]

cyprian, friend, you egalitarian about affordable? different from the standard but you might consult wexlet at hamilton college to get the full wexler - does that make sense even ?

[@julesnewtonnash843]

Yashmeen buddy, I would be wrong but they sayin that Humphries is the owner of Compugen Autopsies - are you sure about that at 3:25 and 3:39/21:13 Prince Charles full interview with George Stroumboulopoulos ?

[@jiminycricket4654]

Preach, Mr. Brown

[@gregnewman4901]

So lets to something to stop the failures.

[@mitravinda87]

can any one predict xauusd based on ths speech?

[@julesnewtonnash843]

hey man how about 'em quality cost tax exemption bonds for CrySys Emviormints ?

[@julesnewtonnash843]

Wonder if they offered 13.2 or 13.7 basis points ? where they baroque? maybe the capital sustainability in cash for bills was too high? prob had warrants to pay at min 25 percentage points off the mean, maybe ? don't know what i'm saying, i say yea yea yea . .

[@julesnewtonnash843]

Cheerio, chaps that's strength but yes we're at the top of the Le Ague Tableau - that's Agricultural Fund for Burial Plots 32:08/3:04:10 in Rwanda . . .

[@hsienpi1828]

n addition to combating inflation, central bank policies should also be concerned about market speculation and whether there are asset bubbles. You can’t throw all these crises to the banks every time an asset bubble occurs. In the end, the bank cannot bear the risk and goes bankrupt, and then the bank puts The risk was thrown to the country. In the end, the FED had no choice but to lower interest rates and continue QE to inject funds into banks to avoid liquidity risks. The FED has used this QE strategy for a long time to avoid market crises, and finally had to throw the risk of inflation and asset bubbles to the country and the people. It is a very inhumane thing to let many people who do not participate in speculative activities suffer,

[@drewwilson45]

Put his ass away in prison

[@jiminycricket4654]

or, you could let your conscious be your guide

[@Vik_Singh]

Will Powell make or brake the market today.🤔🤔🤔

[@julesnewtonnash843]

hey man you owe the foreign banquet unproficiency about 6 bills for additional information on Rwanda . . . and where is that posted on McHenry ?

[@eymen5296]

Nice video

[@julesnewtonnash843]

hey yashmeen my friend you got the human genome figured out yet ? is digital genome a new reality for scuba diving ?

[@julesnewtonnash843]

25:42 isn't the hat special?

[@Kanne606]

1 hr 49 min ...our capital requirements are hide the facts that are unpleasant...

[@lonniehill3455]

This gov and its agencies are in a terrible state of decline. It happens when too many unqualified are put in charge. Some of problem is the DEI and ESG Programs. That coupled with being in charge only due to being a friend of a friend or donating good amounts to right campaign. We now have an exhorbinant amount of turtles on fence posts and no one paying attention to stopping the problem.

[@julesnewtonnash843]

speaking of yashmeen preempting every state to preempt another state i just got that air france mail where one of 'em sea crests was what my mum buy several tourist trap chat keys about seventeen from a guy in egypt for making pop corn with vijay, vijay bai gorin - with nativives in mombasa - and several other filmic personalities -

[@gesumiguelchaidezjr517]

😂😂 we have to much money the worst moment is going to star on 17 of November 2023.

[@eliomartinez6389]

Stress test ? Remember Chernobyl.they did a test . Look at them

[@ValMartinIreland]

Start by freeing Leonard Peltier.

[@julesnewtonnash843]

hey man i'll have you know the rate percent for your gig would remote licenses for about -8.5% for starter homes with joint family income and kitchette from there you're going higher . .. don't know what to say, can't understand it, have a big art collection - and opening at the witney - lemme know - it's a new old fashioned, that's rye made from turkey -

[@CordeleRocks]

Wait Waters is no longer the chairman? 😂

[@SantosSantos-bf5sz]

Her face could stop a watch.

[@yahisreal6988]

@@SantosSantos-bf5sz she's the only black person I know with money who's face cracked like a old white may be we missed somethingshes white❤

[@ReptileRiff]

STOP PRINTING MONEY

[@ediddysmith2500]

So why is Blackrock controlling you

[@elfriederich]

Powell: "Crypto appears to have some staying power as an asset class"

[@hikkirirom]

Can you point me to the minute?

[@teresabarnes-matych]

END THE F ING FED FOF ONCE AND FOR ALL! Why do these questions sound So Highly Scripted and Robotic?

[@julesnewtonnash843]

hey man you friend of vijay bai ?

[@julesnewtonnash843]

that could be our intro to air france, know what i mean - parley vous and stoff with char donne . ..

[@brianjohnson2174]

Give back the stolen FTX money.

[@Freedo1234]

Your intention to raise rate is malicious and intent to cause chaos in financial market worldwide !

[@AvaElizabeth-iu6uj]

Thank you for this wonderful video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?

[@backcountyrpilot]

Bitcoin is the life modern-day preserver for those that will take the time to listen…

[@ryanbruh752]

I bet some people hear waters talk and go yeah!! What blind npcs

[@georgemaximus694]

Housing inflation hasn’t come down that’s for sure. Keep underestimating inflation over and over again

[@heathreeves6327]

Oh boy...hold on to your wallets.

[@Jason-gp4hg]

Please 😢we need the to crash 💥 the market. This is the only way to make money 😂😂😂😂

[@nocaste8029]

Not gud meeting

[@SantosSantos-bf5sz]

Jerry's a hippy.

[@ShirazPyaralybhimji-lc5oh]

Haha

[@alannamichellepaulino8429]

Libing martinana paulino winner libing yunday ensanple 2020

[@ivanbakhvalov4731]

That particular testimony was not important to begin with(could have been just “skipped”), but participants made their best to make it dumb and hilarious.

[@fromthepeanutgallery1084]

For decades the banks have used depositors money, got 10 to 20% interest by investing it and paid us 0.01% interest. plus 10 to 30% interest on credit cards. Mortgage interest, bank fees. They make billions every month. But, times are changing. This is what Crypto and the likes are all about, to put an end to that.

[@heinzgassner1057]

Well, small grocery stores disappeared from our villages in the 1960s to the 1980s. This took 30 years, but it was already clear in the 1960s that these businesses were doomed. The same happens now to our small and medium sized banks all over the world. Their business model is simply outdated in our modern (high-speed) digital age. Our world will change dramatically during the coming years, as totally new technologies and processes are emerging.

[@julesnewtonnash843]

how low dwane, don't think it matters much at this late stage, keeping in mind the sempermeister has a lot of luggage be yen the senner of at tension and awe, big dadday be yen dead to the waugh - dass hawot they seyah in em o'days bye hawot wod, awedassitay . . .

[@Cadillacman86]

0:13 Cute hippie camera chick on the left

[@davidblack5948]

Talk talk talk……. Where’s Questions to chairman

[@HewroPreez]

there are plenty. 2 good ones @ 1:50:00 and 2:20:00

[@reyesarg]

@43 min the man asking Powell questions has a point.

[@hsienpi1828]

It doesn’t matter how many times the FED raises interest rates, no one cares about you @@. Anyway, the market is going to continue to speculate in buying stocks and bubble assets, and inflation is not to be feared.

[@kylepankonien6487]

His little Nerd brain is almost identical to a computer. He is very good at memorizing and staying focused to the words on that paper. He has practiced well on pausing every so often and looking out at the audience as he reads. His little Bow tie is so cute... I wonder if he is good at things that really matter like laying a concrete foundation, building a house, running electricity, Hunting and processing food?

[@Jerry-sg3ii]

CBDC is no different from the government dollar which will fail.put away the old bring in the new by flipping the switch with XRP it’s inevitable

[@albertocano1185]

VP talked about depopulation, i wonder if they understand is the interest rate that sets that, more depopulation less rate, more inclusiveness higher rate,

[@mikem4432]

Massive Bank Failures is due to crappy job at the FED.. and if they raise interest rates there will be a lot of bank failures.. even now the larger banks are scared to DEATH of people like me pulling out cash to buy T-Bills that pay 5% vs what the banks offer.. .00001% interest,.

[@SantosSantos-bf5sz]

you mean guys like you, who want lower rates for your stock portfolio.

[@julesnewtonnash843]

hey man hear what i'm saying about racial and economic inequality - didn't know that could actually happen, and have a much better idea of how it happens and create space could make it happen - that trojans are cyclical, which means there are signs of intelligent on the planet - don't take it the way it's called horse sense . . ..

[@shitatam2012]

this rubbish should be retired and don't hold up the post, that s it, or he re serving for someone

[@julesnewtonnash843]

hey, cyprian my best bud for gigs that's your call right their - True E-Nuff no one has to know, a magnetic neutron is wierd - okay, the theta mass is E efficient - the boston globe made headlines , don't know what it means . . .

[@julesnewtonnash843]

juneteenth, how invisible is the hat ?

[@mikem4432]

Than god JPowel is not in the busness of fighting fires or he would arive to a home in blazing flames with a childrens water pistol.

[@robbienorton9398]

A pesar de la crisis económica, todavía les agradezco A por el asesoramiento financiero sensato. Comencé a invertir en acciones y criptomonedas con $ 4,345 y desde que lo seguí durante algunas semanas, he obtenido $ 12,539 en mi cartera Muchas gracias señora Leesa Spencer

[@ValentineScott-pf5gg]

Great video! When it comes to financial advice, I'm always willing to watch your videos. I appreciate you for all the time being spent to share this information, imagine investing $10k and I make $24,350 within a week. All thanks to Ms Sandra Angela