Raise rate to correct real estate at least 30% and correct inflation.
@MadhavSharma-xj5hi6 ай бұрын
So we all lose our jobs at the same time as well
@kamman13746 ай бұрын
@@MadhavSharma-xj5hi yeah
@MadhavSharma-xj5hi6 ай бұрын
@@kamman1374 why do you want us to lose our jobs
@bigb60465 ай бұрын
Problem is with 35 trillion in National debt every one percent increase causes a catastrophe in trying to pay the debt. W are in the biggest rock and hard place scenario ever.
@briankent34926 ай бұрын
Fed has no choice but to raise rates until the majority of the American people and Politicians learn how to control reckless spending. It's a shame that the people who have common sense with money are having a rough time because of all the careless fools out there causing prices to skyrocket.😢
@pjeverly6 ай бұрын
If rates are raised and it causes a recession, there will be even more spending to "boost" the economy. Congress does not think about rates, just politics. So the only people who will get punished if rates are raised is the lower and middle class. Some will get fired, most won't get raises and everyone will be fearful of spending any money. Inflation only really drops when people get fired. And again, congress will "never let a crisis go to waste".
@Highbudget6 ай бұрын
What about the government they recklessly spend more then anyone
@rickhayes-oh2zm6 ай бұрын
Republic first bank didn't like rate hikes.
@rickhayes-oh2zm6 ай бұрын
It isn't going down to 2% if he doesn't raise rates.
@headspaceandtiming21146 ай бұрын
Common Roger! Sideways? It’s going up. The Fed rate isn’t high enough. Tough medicine. Roger I have to say is the most common sense guy on CNBC as “experts”. But he slipped a little here!
@Chasingvugs6 ай бұрын
Stop giving our money and land away constantly stop sending our money overseas
@tpol65156 ай бұрын
Huge unemployment is good news and people get poor is good news. Never think in my life I hear something so positive on a negative issue. Guest the country is more important than the people making up the country.
@Optimus-Prime-Rib6 ай бұрын
Raise rates. Its the only way. Unfortunately its election year so…
@bigb60465 ай бұрын
Exactly , I don't see any rate increases until after the election , by then we should be in a worse mess. I think whoever wins the election may be sorry because they will be in a real firestorm.
@harrychu6506 ай бұрын
Roger Ferguson is saying it is better to have a global recession then to risk the FOMC's credibility"? This is precisely why I believe the FOMC needs to be accountable to the electorate.
@KungPowEnterFist6 ай бұрын
I agree 100%. If the Fed does not put hikes back on the table, they should have to go in front of the electorate and explain why they seem to be willing to let inflation rage away despite the mountain of evidence that says they should be looking to hike.
@harrychu6506 ай бұрын
@@KungPowEnterFist Indeed, so long as the electorate understands that prices will NEVER go back down no matter what rates are. Too many misinformed people in the peanut gallery that think the FOMC or Administration is on a mission to make housing more affordable for them. The voters should have the ability to remove the FOMC members through their elected officials.
@eljefe58586 ай бұрын
@@harrychu650FED and U.S is fighthing to save the dolar reserve status. For them is the most and even only important thing. If they raise more or even if do not cut at some points they will not auction enough to refinance and then Armagedon. They hope with a crash world will accept 1% if any of interest. Not sure about that
@harrychu6506 ай бұрын
@@eljefe5858 I disagree with your theory. You cannot fight for reserve status while bragging that you have confiscated Russian reserves. Even allies are diversifying away from the dollar, thus the move in gold. This simply is not a concern for any of the officials involved.
@eljefe58586 ай бұрын
@@harrychu650hope you are wrong cause that means they don't care and will let inflation destroy the economy and the dolar it self. Like kamikaze. Not sure what wil happen. Many talk about cbdc that will make all debet an asset rather than a liability, imagine that. Good luck
@jackjia87736 ай бұрын
I’ll bet a chocolate bar on June cut.
@Jackson-l3r6 ай бұрын
Leaving the fiat system for Bitcoin is akin to leaving an abusive relationship; once you're out, you have no desire to return.
@KungPowEnterFist6 ай бұрын
Inflation is not "going sideways." There is now a trend that says it is going up. This is no longer in doubt. JP should be more hawkish on Wednesday, because inflation is above target and headed up.
@All-gp3tt6 ай бұрын
Who said so? Fed has many choices
@MB4.236 ай бұрын
Worst show on CNBC
@starship5196 ай бұрын
Raise rates
@illegalsmirf6 ай бұрын
R u mad?
@starship5196 ай бұрын
@@illegalsmirf about what?
@starship5196 ай бұрын
@@illegalsmirf rates must rise to defeat inflation, or society as we know it will collapse. Its math
@MadhavSharma-xj5hi6 ай бұрын
And let's all get fired at the same time
@jaym98466 ай бұрын
Government's job is to print money (for EVs, wars, etc). FED jobs is to make sure the resulting inflation is limited to a rate of "2%" per year. Basically they want to boil the frog slowly to avoid mass panic. They're doing good job, $34,000,000,000,000 in debt and rising.
@teebone21576 ай бұрын
Raise rates and we get there quickly
@illegalsmirf6 ай бұрын
'there' you mean the next great depression?
@MadhavSharma-xj5hi6 ай бұрын
Exited to get laid off once rates are raised
@craigthompson37396 ай бұрын
I thought "greed" was causing rising prices. Isn't that what Biden says?
@bps72096 ай бұрын
1970’s here we come!!! Thanks Joe and the rest of those worthless politicians.
@Dan-z6b3d6 ай бұрын
Why isn''t 0 % better then 2%
@Firearrowlj7nn6 ай бұрын
Beause that means deflation which has ruined civilizations.
@infinitywalks45046 ай бұрын
0% means no growth
@Dan-z6b3d6 ай бұрын
@@infinitywalks4504 it means no inflation
@pjeverly6 ай бұрын
I don't see why they can't lower rates now. Give people at the bottom a little bit of a break. Credit card rates are at all time highs, financing anything is much more expensive. A washing machine, a car. Equipment for a small business. This is the engine of the country. And they are the ones that get punished for congress spending too much. So raising rates again, is just plain mean at this point.
@dwardodwardo6436 ай бұрын
What is 2% compounded over 10 years? Is this 'target' geared for savings and pensions or to generate growth for investors? Is there a question of wealth redistribution but one of selective distribution?
@lafoythomas95966 ай бұрын
Read "1,000% Returns: Taking Advantage of the Stock Market's Gross Incompetence." And "Generational Wealth: Beginner's Business & Investing Guide."