Fed Chair Jerome Powell takes part in a discussion with Governor of the Bank of Canada Tiff Macklem

[@DBhoyz]

The word "crisis" was used a lot in this conversation. Wonder if that means anything

[@micwell2247]

No !, An d because it's no, they are up against the dying of their neo feudalism ways . Thanks to the decentralization of BTC. People (not gov) are quickly moving away from gov's own created demise

[@DBhoyz]

@@micwell2247 Feudalism is definitely still here and getting stronger. Bitcoin has nothing to do with anything and is not widely used anywhere It can only be used online not physically.

[@Relaxlifeisshort2]

Labour market if you like 3 part time jobs its great

[@dgriffin6074]

Jerome Powell is a prototypical example of how the combination of ignorance and arrogance are so destructive.

[@stephenbush7200]

I disagree with Powell's statement that "should inflation further increase he can maintain the current level of restriction for as long as needed" and at the same time he says "he has significant space to ease should inflation begin to drop". Rates are NOT high where they are! There is NO ROOM to lower rates without unleashing inflation, especially on EVERYTHING bought on time! Rates should be INCREASED, especially after months of inflation increases. This attitude of refusal to raise rates is dangerous! Rates should be raised to conquer inflation decisively! Even "shock" the markets with a large rate increase. Then from a range of 7 to 9% rates, if inflation can be controlled with no more increases than that, rates can be lowered to the current range for stimulus AFTER deflation brings ALL prices back down to sustainable and reasonable ranges. Prices are too high! Homes for example must come DOWN in price so that people can afford to buy them at current rates! Rates too low are very bad! It causes inflation in EVERYTHING bought on time because sellers will price the assets at the top range of what people can afford to pay. Lower the rates, HIGHER the price! Rates too high are also very bad. They slow down business activity and demand. Balance is the key and that is a range of 5 to 7%.

[@grantdenniston2839]

Powell is FOS ! as they ALWAYS HAVE BEEN !

[@larchdental]

Dumb and dumber Cheech and chong Beevis and butthead.

[@paulgilliland2992]

So how come Japanese automobiles are still in very short supply in USA?

[@nonexistent5030]

Because American autos are garbage value.

[@grantdenniston2839]

Dollar still falling and probably will continue to do so and banks are scurrying around trying to keep it afloat !

[@unaldurmaz250]

Not a rate cut coming forever, let's move on from talking about rates. Ok Powell? Move on. Thanks.

[@ediddysmith2500]

The head of the bank of Canada should be in jail he said he looks at the American banks, but I guess he looks no further ,like why is the bank of Canada not buying gold, do they not want a sit at the table for the currency reset , or just bring in CBDC and digital ID, just like the WEF plan

[@247todo3]

US should look at working with Mexico…

[@rocky1d]

Why?

[@matt.stevick]

Papa JP scared me for a minute. Then said nothing as I always hope for.

[@mtrest4]

Tiff = incompetent

[@shaneatkinson5656]

He's the guy who said "don't worry! Interest rates will be at historic lows for a long long time"

[@ricardoli123]

He made a lot people choose variable rates in Canada and now the people can’t pay their mortgages. Let’s listen to him 😔

[@shaneatkinson5656]

@@ricardoli123 surprised no one haa filed a lawsuit

[@Rhadoo89]

And clearly reality has shown that it's not healthy for the economy. You can't just expect to borrow money for free. 5% is a healthy interest rate.

[@shaneatkinson5656]

@@Rhadoo89 my first mortgage was 4.8%