Federal Reserve Chair Jerome Powell speaks after Fed keeps interest rates steady - 5/1/2024

Federal Reserve Chairman Jerome Powell delivers remarks following the Federal Reserve's two-day policy meeting on Wednesday.
The Federal Reserve on Wednesday held its ground on interest rates, again deciding not to cut as it continues a battle with inflation that has grown more difficult lately.
In a widely expected move, the U.S. central bank kept its benchmark short-term borrowing rate in a targeted range between 5.25%-5%. The federal funds rate has been at that level since July 2023, when the Fed last hiked and took the range to its highest level in more than two decades.
The rate-setting Federal Open Market Committee did vote to ease the pace at which it is reducing bond holdings on the central bank’s mammoth balance sheet, in what could be viewed as an incremental easing of monetary policy.
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Federal Reserve Chair Jerome Powell speaks after Fed keeps interest rates steady - 5/1/2024

[@cpope3235]

Will someone get this man a glass of water!

[@Jordan-J]

Water is too expensive. Gotta keep inflation down.

[@nicolelovesbiggie2269]

To clear the bs from his throat?

[@pagosabob10]

Give him a break! He has a cough. Ever had one? Be grateful for his being where he is.

[@netismagic8435]

😅😂😂😂

[@MXMLLN]

Fair point@@pagosabob10. However, I think he usually has a glass of water on the podium waiting for his arrival

[@user-sv3jn9un4u]

Inflation is out of control, housing and food costs are insane

[@Onehourworkout]

Because they see inflicting pain on Americans as a good thing but will never inflict pain on the companies that did it. Record profits

[@Dr.Weed8]

The rates won’t affect your living costs. The prices of everything are going up because of food stamps, insurance and housing subsidies. Raising rates is supposed to cause less demand. However the government raised social security and gives out hundreds of billions of dollars in entitlements. The system is broken. Too many dollars chasing food and services the costs will continue going up. If wages go up their will be a second wave of inflation.

[@Dr.Weed8]

That never goes back down. They’re not promising deflation. We might experience deflation if wages go down.

[@Dr.Weed8]

Inflation is because of Biden’s spending it’s Janet Yellen in Treasury NOT the Federal reserve.

[@bickmoreautosales3107]

@@Onehourworkout It is the never ending money printing that is the problem. They never admit that. Inflation is theft. What they are saying is we just need a little bit of theft like 2%.. In reality the real inflation number is closer to 10% . Look at the price increases we have seen on food, rents , vehicles, car insurance etc. its off the charts and well over 2 or 3%. If you hold your money in dollars you will loose 95% of the purchasing power in a 100 year period. The only way out is storing your wealth in assets if you can.. the poor or middle class loose the hardest which is what he said when he was talking about the people who live paycheck to paycheck and cannot afford to buy assets.. they have no way out.

[@destro73]

I got a question: How does the approval of $95 billion dollars with billions reintroduced into our economy through government weapons contracts sent to fight wars and sanctions of goods from Russia, and China affect our inflation? Especially when we're told that we need to curb consumer spending to reduce inflation.

[@ChiefKene]

We are cooked smh lol…. The playbook was already written by Volcker but they refuse to admit it until it’s too far gone

[@pagosabob10]

Powell is not Volcker. Better prepared by far.

[@QoriBush]

Facts

[@freezyfreeze1111]

Lies

[@GNX157]

38:26 So he’s basically saying “Let them eat cake”.

[@MXMLLN]

Maybe he should have apologized for letting the economy "run hot". Don't you think?

[@barttfisher]

It's quite simple why rates are climbing with rising imports and falling exports, the FED is obviously to be blamed for banking crisis. Something will eventually break if they keep the quantitative tightening and higher interest rates. Is this really a good time to have some savings in stocks?

[@PennyBergeron-os4ch]

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[@beafoster747]

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[@beafoster747]

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[@HildaBennet]

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[@bickmoreautosales3107]

"Three percent can't be in the same sentence as satisfied. " Jerome Powell

[@freedomlife3623]

Very well said & combat to the gotcha question.

[@Freedo1234]

Drop rate now , the world finance is dying because of US high rate Damn

[@LG-rb1sn]

This comes from people refusing to cut back spending. I’m not talking grocery and necessities.. going out buying a new car when yours is fine, still vacationing, still doing whatever they want. Previously people would lock it down and cut extra spending out. People refuse to. So rates will never work until you raise them so high people quit spending.

[@PatriceMorris.]

Yes, that includes the Government.

[@the_derpler]

eventually those people will run out of money.

[@SoundLegion]

I dont think the learn to live on less and less and deal with it is gonna fly well into the future when we are about to have our first trillionaire and the american people are scrambling to pay bills.

[@pagosabob10]

AH! Someone who has it figured out. I hope others read what you said. :-)

[@pagosabob10]

@@SoundLegion It's not a level playing field, but many are spending too freely on eating out, expensive coffee drinks daily. What's wrong with brewing one's own Folgers coffee at home? :-) Then take it with you.

[@user-eb3pi4tv9k]

That nervous cough a giveaway…..he knows they haven’t got it under control.

[@robinmuirhead1158]

He's got Early Dementia

[@freedomlife3623]

So much conspiracy theories. Gosh.

[@usa9116]

He just want to manipulate stock market for his boss not US ppl.

[@pagosabob10]

He may have post nasal drip, but the cough is a normal human condition. Not with you apparently as your perfect?

[@topdollajay]

Not one question around how government spending impacts inflation and how they think about that…

[@pagosabob10]

That is not Powell has any control over. And you know it.

[@JohnHost-go8ql]

Government spending contribute to gdp it’s baked

[@nukm4]

Powell has said, over and over again, he will not comment on fiscal policy. He takes his neutrality seriously.

[@robinmuirhead1158]

Basically he's Kicking the Can down the Road Forever... it's a Keynesian Fool's Paradise like the Titanic mid Atlantic. Trust Me I'm a Banker

[@LaSombraa]

These clowns should’ve been raising if inflation is still too high, and it’s not coming down and the path is uncertain 🤦‍♂️

[@Zion66666]

I stopped trusting you when you disclosed you’re a banker.

[@pagosabob10]

Trust you, You're Banker? Yeah right! :-)

[@999abyss7]

is it bullish for markets:? bro he said something positive but we getting fked again, i dont get it

[@drenfreezy6614]

Wall Street was happy to hear that Powell currently views rates as restrictive, which is dovish. Wall Street cares little about inflation as that is a lower-class and middle-class issue. So yes, Wall Street is happy even though regular folks are still getting screwed by inflation.

[@usa9116]

He just want to manipulate stock market for his boss not US ppl. He is a liar to push market. That's his job only!!

[@pagosabob10]

Nonsence

[@chrish9155]

33:10 What a great question!

[@Goodpeter268]

The smartest thing that should be on every wise individual's list is to invest in different streams of income and not depend on the government to make money.

[@user-sx1gv8lc6j]

To earn more, you need to have multiple diversified income streams, which is why investing is an avenue to earn more money once you become profitable

[@agbomadonatus]

I totally agree with you mate. Investment is the key to sustaining our financial longevity, and not just any investment but an investment with a guaranteed return

[@Richard-xm2gc]

Investing in cryptocurrency is a lucrative way of making money and be successful recently but only when you know the right stock to buy in a particular time

[@user-vz7ii2xz7s]

I'm new to the world of crypto, please how can I make profitable investment?

[@user-mg3xk4tc4x]

In times like this you need a good expert like EDUARDO LISA to help you get through, because she's been the one helping people.

[@santhoshsks1]

I'm from California and the home prices are soaring 😢 and no way it's dropping at all and I am confused and not sure what this means?

[@______638]

pro tip: they're not speaking the truth.

[@calvinj5639]

They will tell the truth once the president they are championing (doesn't matter which side) secures the win

[@outofdinero]

Home prices are soaring in California because there are so many people who got a low interest rate on their mortgage in 2020 and 2021 that they're not willing to sell their house (since the new house they move into will come at a high interest rate with a much higher payment). Since there are so few houses for sale, there are bidding wars on the houses that are on the market, which is driving prices up.

[@An_Involuntary_Skeptic]

Don’t expect them to drop. Rate of increase would decrease over time but that’s it.

[@bickmoreautosales3107]

What i have noticed lately is when they announced that rates may not go down this year, the home prices spiked up again. Some of the people who were on the sidelines are going ahead and buying, supply is still low. so demand went up. supply goes down.. prices go up.. and building is getting insanely expensive and more difficult with more and more red tape. = less supply as well. imho

[@morrowtwo1434]

Arthur burns=powell

[@ichrisone]

Yes his job is to conduct financial repression.

[@Dr.Weed8]

😂 I don’t think many people will understand this. He thinks he’s Paul volker but he’s really Arthur burns.

[@peter992]

Do not compare powell to burns. powell is son of beach!!!!!! Arthur burns was more better!!

[@ichrisone]

@@Dr.Weed8 the economic cycle dictates his job is to be Arthur Burns. Whoever inherits will be the Volcker. Where about 5-10 years away from a Volcker. Let inflation flames roar to prevent the government going bankrupt.

[@scottcureton6055]

I think the comments here have me more worried than what is going on with the rates.

[@pagosabob10]

Yes, Me too.

[@toypianos469]

I have come to accept people enjoy their doom cycle. This is life.

[@ichrisone]

Mate its a disaster. People are fuming. I’m in Australia and fuming at this Fed! Affects the planet. Rates WAY too low. Governments not measuring inflation honestly and engaging in financial repression. Many more years of this to come unfortunately. Better to just put a Treasury official in charge of these Central Banks if they aren’t going to be serious about getting inflation down. Theft from 3 generations to save 1 really old one is best done openly. At least having a Treasury official in charge, there’s no need to openly lie to the public.

[@aemachine88]

Sooo do the Bulls have it ?😅

[@LockedUpLarry]

Raise, lower, or move out of the way! Fire this man!

[@usa9116]

He just want to manipulate stock market for his boss not US ppl.

[@pagosabob10]

Come now! He is doing a good job. He doesn't have all the tools he needs. One would be for people to just slow down their spending. You could try that!

[@dulwahid7853]

Ada yg bisa jelaskan kepada saya. Mereka menaikan suku bunga atau menurunkan nya

[@biometal770]

JP will forever be remembered for the term 'transitory' and how significantly WRONG he was about this! How many months does inflation need to hover at 3.5% before we get another necessary interest rate increase? So far we have 9 months, almost one full year of >3% inflation. This continuing level of inflation is still quite burdensome upon the poorer members of our society.

[@gibranhader1702]

U think he should've lowerd? The markets would like it short term but the economy will be destroyed even more than it already is

[@roxannarivers]

I agree he should’ve hiked rates. This is starting to get ridiculous

[@outofdinero]

@@gibranhader1702 biometal770 is saying they think the rate should have been raised.

[@ramonserna8089]

I think he is paralyzed by panic and is afraid to take that decision on an electoral year.

[@outofdinero]

@@ramonserna8089 Genuinely curious: what makes you think the electoral year has anything to do with his decision? He is not an elected official.

[@Rhcpbedders]

Should have raised rates

[@theantmattia]

Yes, but I don't think they can because then interest goes up on the debt the government owes. It's like a catch-22 in finance. We are screwed no matter what.

[@calvinj5639]

If they did that Congress wouldn't be able to make their millions in the stock market, we all know what's happening

[@Rhcpbedders]

@@theantmattia the government could default which is the honest thing to do. I agree they will choose to make the currency worthless instead

[@Dr.Weed8]

They don’t have to raise for rates to keep going up.

[@Dr.Weed8]

He’s basically raising rates by continuing QT.

[@clay_knapp]

my coffee at Starbucks today cost $5.45

[@freedomlife3623]

Then make your own coffee & stop going to Starbucks which is not even that good coffee.

[@clay_knapp]

@@freedomlife3623 yeah, you're right. i usually do. i happened to run out of coffee at home for one day and now i am living on the streets. consequences are real.

[@shawn.credit]

Thankfully I’m $3.43 in Wisconsin ha, I’d skip on Starbucks if black coffee with crème was $5+ for a Venti! 🤣🤣🤣🤣

[@clay_knapp]

@@shawn.credityup. exactly. it was. iced coffee with splash of milk and hazelnut was the order.

[@pagosabob10]

And, you continue to buy coffee drinks at Starbucks? One of the reasons for inflation. Bad thinking on spending to stay poor and complain.

[@kennethwylie8377]

33:00 ... finally a smart question and Powell avoids the truth. If inflation has been steady at +3% and you say you like the policy, then you like +3% inflation. If you say you want 2% inflation, the ONLY option is another rate hike. Powell needs to be fired for misleading the public. I seen this mess coming when the first PPP was introduced. If nobody else forces another stimulus, this bubble goes POOOOOOP in 1st or 2nd quarter of 2025. It's unavoidable.

[@daxmiller35]

EXACTLY right. The 2% inflation is absolutely untenable unless he raises rates again.

[@nevillokapi3617]

BASEL3 IS IMPORTANT TO FED..AND PART OF BASEL3 IS GOLD📀📀 AS A TEIR 1 ASSET

[@ichrisone]

More Weimar Republic out of the Fed… as expected.

[@colin6203]

Who said soft landing? People lie to themselves😢

[@usa9116]

He just want to manipulate stock market for his boss not US ppl. He is a liar to push market. That's his job only!!

[@drenoc007]

Like every question being asked is basically telling them their job isn’t done. They want to avoid a recession but it’s inevitable.

[@yoyo-ue5pf]

Do these people ever get tired of lying about the labor market?

[@krum6334]

28:57

[@user-em4vq5cy4x]

love his energy in this one

[@phillB]

How much more pain must Americans suffer before the fed starts doing their dam job. Do we have to wait until only billionaires can afford to buy food? These people are banker and that is the only thing they care about.

[@Mkiepert]

“My colleagues and I are acutely aware that high inflation imposes significant hardship as it erodes purchasing power especially for those least able to meet the higher cost of essentials like food, housing and transportation.” The pandemic taught Corporate America that they could raise prices, and the end-user will pay. Therefore, there will be no stopping inflation.

[@American_Observer]

The media has gotten soft. They give their questions ahead of time to this guy so he and his staff can prep their response. Its rather sad that the media has gotten soft

[@alexkocharov4292]

Foreign Policy consumed FED.

[@user-em4vq5cy4x]

this guy is going to live on in history forever as the dam who said god damn not

[@AIgen-ct3hz]

what he is saying is wait for some time, as usual nothing is going to happen and let the rich have the party while poor suffer big time. Long term dividends he is talking about will never come for the poor and middle class. that's why markets are up but it will backfire

[@usa9116]

Yep, He just want to manipulate stock market for his boss not US ppl. He is a liar to push market. That's his job only!!

[@pagosabob10]

Have you watched the stock market this past year? The rich aren't having a party.

[@Mkiepert]

How much of the stock market consist of middle-class America 401K?

[@KingReaper87]

Can someone tell me why they needed to racing rates in the first because i dont understand when they praise Taylor Swift and Beyonce for lifting the economy when u had people going out spending there money for gas rides food tickets an place s to stay when they raise the rates to stop people from spending?

[@LeniBats]

Inflation is just an excuse for price gouging on all fronts.

[@moonshot2738]

Inflation saved the Fed. They'll inflate the debt away and keep high interest rates for years upon years. The days of cheap money are over folks.

[@advancedmodder935]

This is exactly what is happening. Our national debt will never ever be a problem. All they have to do is initiate a period of high inflation and suddenly the debt that is coming due soon is not a problem.

[@pagosabob10]

Actually Mortgages at 7% is back to normal though housing prices are out of control in many areas of this country.

[@darelvanderhoof6176]

Inflation rate may slow, but the prices that have increased are forever, and the increases are compounding, and forever. Good job, not.

[@pagosabob10]

Yes they are for forever and that is why it is so important to slow inflation down.

[@simpiwemaqwara2184]

The market saw this coming.No suprise

[@usa9116]

He just want to manipulate stock market for his boss not US ppl. He is a liar to push market. That's his job only!!

[@pagosabob10]

Of Course.

[@taranjitsingh2714]

Gold stocks are undervalued compared to gold prices, wait for earnings and gold stocks will skyrocket and not to mention bad market news that will blast them higher up!! Buy GOLD STOCKS…

[@JohnSmith-kr6ek]

If you look at where the growth of jobs are it is in Healthcare. Babyboomers need help they didn't have babies they now have no one to care for them. If 70% of all new jobs are government jobs that's not a gain to the economy. That's more printed money going to Social security, and welfare programs.

[@user-fy3hi2vb7h]

Hier der Darcho J. Pegasus Galaktica 7 Cyborg / Gorilla Cyborg - Warum kucken sie kein Boks Kampf ? [ als der den Computer Commodore C 64 bekommen hat wurde er Interviewt von Staat USA Show Master President ] - Der sagte jaaaaaaaaa weil die Sitzplätze hintere Reihen da sieht man nichts in Boks Ring das ist etwas weit entfernt

[@alr9967]

The bond market raised short term rates by 50 points. Powell’s rather powerless to do anything about it

[@the_derpler]

Rip off the bandaid, get us up to early 80s 14% for home loans.

[@LaSombraa]

With this clown at the helm, that’ll never happen. They already started this “soft landing” narrative and refuse to let go of it.

[@pagosabob10]

No, it was up to18% at one point, I was a home builder and had no income for 4 years. I, not knowing better, blamed it on Carter and then voted for Reagan. Interest rates after a few years got back to normal, but he had nothing to do with it.

[@WJung-cc4lc]

FED dollar is trash. They devalue your hardwork.

[@kennethwylie8377]

Wait! His forecast the remainder of the year is decreased inflation, but his confidence in that forecast is lower now. How's about giving a forecast you're confident in. This guys is talking out his ass. He knows darn well rates will have to increase at least another point or two.

[@MrVIP1234]

Jerome Powell always and let me stress always brings his A game.

[@hichenchen]

every 100 days ,1 trillion debt

[@Oprah34]

I'm new to crypto!. How can I make money from crypto investment as crypto is turning around massively?

[@samuel2149]

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[@samuel2149]

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[@YankeefJone]

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[@Gilmore-ho8rz]

Goodness gracious I'm so excited seeing Ms. Evelyn Turner been mentioned here also. Didn't know she has been good to other people too, this is wonderful because I also started with a KZbin referral like this

[@GamesActionPlay]

Patient....BTC...

[@AK-pg2ud]

No one wants that trash

[@robinmuirhead1158]

He reminds you of Little Gremlin Speaker Johnson.. You can almost see the Puppet Strings lol

[@LockedUpLarry]

Legit. He serves special interests

[@user-fs2ns4kt5h]

パウエル議長は可愛いな

[@PublicEn3my1]

It’s the people’s fault for not slowing down on spending… not the government’s fault for creating trillions of dollars out of thin air..

[@pagosabob10]

Reading below, I see so many unintelligent remarks. Makes me sick! People with no education in economics that know all by just saying stupid stuff.

[@Mkiepert]

We’re waiting for inflation to come down. Meanwhile large corporations are raising their prices simply to increase profits. Yesterday Coke-Cola announced a 17% increase simply to increase profits with only a projected 1% increase in manufacturing and distribution cost. Fourth quarter of last year, Pepsi announced an increase in profits to shareholders by simply increasing price. Don’t need a degree in economics to understand my $20 doesn’t go as far as it used too.

[@velob11]

We will keep our policy as long as appropriate… 💩 meet 💨

[@GillAgainsIsland12]

His throat is constantly tightening, thus causing his continual grunting. That's a nervous guy.

[@freedomlife3623]

Maybe he is fighting a cold, give the man some a break.

[@the_derpler]

Imagine your responsible for the most important topic in the world possibly lol.

[@usa9116]

He just want to manipulate stock market for his boss not US ppl.

[@pagosabob10]

BS! He has a cough. You never have?

[@drenoc007]

Anyone else realizing 2025 is gonna be a wild ride?

[@JohnSmith-kr6ek]

2026 peace agreement 2029 Temple sacrifices stop 2033 Return of Jesus

[@drenoc007]

⁠what temple sacrifices?

[@Wicked_Sushi]

People are paying FAR TOO MUCH for the basic necessities - I'm sorry, but that's all that matters to most of us. And not just in the US, I can assure you. Classic case of placate and soothe - or in other words - have your cake and eat it too. PCE, CPI, Pay Roll, Unemployment rate, etc ... let's see how they look in the ensuing months. If things remain stuck, the markets will respond with increasing volatility. I don't think any average Joe or Jane in any western nation gets the impression that inflation is heading in the right direction. Screw the politics, forget that it's an election year and do your job, Powell. This softly softly approach has been absorbed by the economy, which continues to run too hot and crush the lower and middle rungs of society. Why are rate cuts even being discussed?

[@usa9116]

He just want to manipulate stock market for his boss not US ppl. He is a liar to push market. That's his job only!!

[@donnamoore2153]

How much is the Fed’s balance sheet to blame. 1980, high unemployment and inflation. Fed chair Volker’s only answer was to raise and raise and raise interest rates. We have cycles. It is what it is but right now folks who would like to sell their homes that are too big for them to younger families cannot nor can the younger families buy a home. It’s a punishing economy.

[@usa9116]

He just want to manipulate stock market for his boss not US ppl.

[@pagosabob10]

You're correct, but letting inflation continue is far worse. Prices never come down.

[@JanetLoken]

Брат. Вот бы все в жизни вытаскивали так же вовремя как ты. Если ты понимаешь о чем я)👝

[@user-yz4ql5mp9r]

Super powell 😂

[@PG-do7ov]

This guy has done major damage to American middle class, dreams, society.

[@velob11]

Thanks for taking our questions you beautiful man. You brilliant orator. Singer of songs, lord of the dance.

[@DoralDude]

Time to start investigating and fining price gauging. No more monopolies and cartels setting prices

[@fuzzyboomboom9742]

WS not buying the Fed put noise. Watch out below Friday if payrolls are hot.

[@usa9116]

NFP will not hot as the manipulated consensus was so high come to previous then the actual will much lower than concensus this the way to manipulate stock market. If u notice u will see how the banker did to manipulate financial markets. Lol

[@MAJORONETHREESEVENx]

Bruhhh 😂

[@e-readers]

鮑爾需要一杯澎大海。

[@_abhayk]

Simple Consideration! Tons of money is Printed and Inflation is Decreasing???? This is Concerning

[@xdahmane6232]

Board of Sh...

[@usa9116]

He just want to manipulate stock market for his boss not US ppl. He is a liar to push market. That's his job only!!

[@sanjose101ful]

High inflations are here to stay for many years

[@usa9116]

He just want to manipulate stock market for his boss not US ppl. He is a liar to push market. That's his job only!!

[@The1theoneandonly1]

@@usa9116 Who is his boss...? Go y...get back in line.

[@Maria___28]

lol. This man is so weak.

[@jqgarage]

1st comment

[@msam6622]

what does that do for you?

[@dragon2919]

He a lied 😢

[@lawron2]

Is there anything new? 😂😂😂

[@usa9116]

He just want to manipulate stock market for his boss not US ppl. He is a liar to push market. That's his job only!!

[@ErnstTCB]

We really just need TRUMP back. It's just that simple.

[@freedomlife3623]

What gives you that confidence? He bankrupted 2 Casinos😂😂😂😂😂 and loads of other businesses too.

[@the_derpler]

There no fixing this. If anything he will just bully these guys into lowering rates to levels that makes things look amazing for 4 years but in the long term screw us all over.

[@kastoutomo6291]

oh no btc 30 k

[@strapgraphicscustomproduct9608]

This dude is so fearful of what is coming.

[@pagosabob10]

Where do you get that?

[@peter992]

fire this crazy man!!!!!!!!!!!!!!!!!!!

[@netismagic8435]

No body ask republic first bank failure 6th bigger colapse from 2009. 😢

[@PG-do7ov]

Fire this guy…he is a complete failure!!

[@loudevone7019]

Inflation remains high, and housing and food prices are ridiculous. I saw a gallon of milk the other day at 7.99 a gallon, yet a gallon of gasoline is at around $3.30 a gallon. People who are on fixed incomes are really getting hit hard. I fear we are going back to, if not are already in an environment where our seniors and disabled are making a choice between medications and medical care or food, housing and other essentials. I remember a day and age where a mortgage on a 30 year fixed was at 18.5-19%. People still bought houses and were able to somehow survive. I believe we are heading into stagflation.

[@usa9116]

He just want to manipulate stock market for his boss not US ppl. He is a liar to push market. That's his job only!!

[@pagosabob10]

Food prices have leveled off, but gas here is 4.559/gal for regular. Housing is high, car prices are high. Prices never return to lower prices with inflation. Be happy they are working without government interference to get under control. And people did not buy houses when mtg's were 18% I was in the building business. There was none.

[@digitalnobody74]

Come on... Cut rates and let us have a crypto party

[@user-tx5be6hc4r]

It’s never going back down to those levels if u don’t lower rates trump make sure u will looking for new job😅

[@monkeysuncle2816]

Can you translate that for us English speakers, please?

[@outofdinero]

Lowering rates increases inflation, not the other way around. Learn how this works before you make a comment like that.

[@carlah2167]

Lowering rates would make things worse in the long run. It would increase inflation.

[@holymason7]

Buy crypto and replace central control

[@trevorchroust4268]

Sweet lets keep everything expensive and make life harder for middle class and lower class citizens

[@usa9116]

He just want to manipulate stock market for his boss not US ppl. He is a liar to push market. That's his job only!!

[@thomaswilson7441]

No one can curse with my opinion, 🤔 Jerome, remember I wanted 189% discount overnight rate for those that have the money deposited in the central banking system are Federal reserve, 😌 that would fix our inflation problem almost overnight 😳🤦🏻‍♀️😅🤣😂🤷🏻‍♀️😜

[@chickendinner4098]

It's so funny how Powell was chiming on about rate cuts late last year and now he says he can't forecast! He won't say it but from what I can gather from his remarks, there will not be any rate cuts as long as inflation moves sideways and there won't be any rate increases unless things get worse. So he has accepted 3% inflation and as long as it doesn't get significantly worse, there won't be any policy changes!

[@pagosabob10]

He really doesn't want to increase rates. That is clear. The economy is always an elusive thing.

[@adavidov288]

Buy $BTC and hold

[@Rhcpbedders]

BTC getting rekt

[@brianalonso9188]

@@Rhcpbeddersgoin a go down to 29-35k imho

[@Rhcpbedders]

@@brianalonso9188 yep agreed

[@Rhcpbedders]

How’s that store of value going 😬

[@drenfreezy6614]

Says the guy who likely owns 0.024 bitcoins

[@LockedUpLarry]

This guy now serves Wallstreet!!! He also is too concerned with his legacy. We need deflation, which means pain for some folks with money! Smh. Fire this guy now!

[@user-sp9ef4tr3p]

Good afternon = Bear Market for all