US Chair of the Federal Reserve Jerome Powell gives keynote address at the Jackson Hole conference of central bankers at 10 AM, EST on Friday, August 26.
#fed #news
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Inflation won’t go below 4%
IKR, Hell its triple what they CLAIM it is.
The FED has pull out the stops and go both full bark and bite, otherwise inflation will not go down to that 2% target. They’ve gone .75% twice and that has not shocked the markets. They will need to be bold to reign in the exuberance. They can loosen up when needed down the line when it’s appropriate, but for now they have to act and sound like they’re hawkish for the foreseeable future.
Türkiyeye gelin burda enflasyon yüzde 300;)
@TOXIC HAPPY HOUR w/ Soy N Ree I wasnt awake yet when i typed.. Its far higher than what they claim.
@Serhat Dogan hurkah durkah? Bawkah locka docka!
Yahoo Finance great stream🍿
The feds had the free money printing presses as well as way too low interest rates running for how long??? There will be a huge make up for both of those.
So much for a FED pivot. 4% FED funds rate throughout 2023…
4% isn’t bad. We’re just accustomed to very low interest rates.
@Alpha Black It’s not simply about the number. For example, a home buyer sees a 10% reduction in purchasing power for every 1% rates go up. So going from zero to four percent in a year means a 40% reduction in purchasing power,. To put that into perspective, someone that could afford a $500k house at the end of 2021, will be able to afford a $300k house at the end of 2022. Let that sink in while you think about how much more expensive it will be for companies to service their debt at these higher interest rates. Don’t get me wrong, housing has gone up by almost that same amount in 2 years which is insane, but the problem lies in the reluctance to stop the exuberant spending and overpaying. It’s clear at this point that the scalping, price gouging and overpaying is not going to stop willingly.
The FED, a private corporation, shouldn’t have the ability to stabilize anything. This is subversive. Congress is the only one who can coin money. These guys are thieves and a den of vipers as Andrew Jackson once said. Take back your country and stop being at the mercy of these scums.
All fart
Getting inflation to 2% CANNOT be achieved through a soft landing. We’re only going to get there through a pretty nasty recession.
The pain continues kids!
2% is a long way to go
Fed has to do what fed has to do.
WHAT, they plundered the purse, now everybody else must pay and suffer except the banks. GFY.
Two days after the government printed 500 billions of helicopter money…
🤔😂😂
And we’re only allowed to know a small piece of where our hard earned money is spent.
This man can literally control the economy of the world!
The grey hair for the look of wisdom…tall statue for some stage presence…the glasses for intelligence….many top money managers think he’s an idiot…
of course, when you have most of the world backed by fiat/us dollar as their reserved currency
“those who control the money (supply) control the world!”
And the lives of people.
Buf buf
You dont forgot.the Russian and thé Chine.
I think we all understand how supply and demand play into inflation, but why is he not stating the absolute importance of increasing money supply? I think we all know that answer! If the Fed wants us to trust them they need to be trustworthy… And we have not seen that yet. I am happy about the hawkish tone, it’s so much is yet to be seen
what????
I have no idea what you are talking about? “…. increasing money supply?”
If you increase the money supply, inflation would increase even more, wouldn’t it ?
incorrect. Increasing the money supply increases inflation. They are slowing the demand of goofs and services by making money more expensive but expanding the money supply completely cancels their efforts out.
I think wealth generation would be a better fit rather than money supply tho is harder when the price to borrow is high but I’m not what you call an expert nor a professional
100bp up up and away
Let the melting begin
“Softer labor market conditions”=millions out of work. The political elite never have to worry about it so it’s just a line on a policy somewhere, but real Americans will be devastated.
Powell will turn on a dime. He will slash interest rates to zero and start record QE. Inflation be damned. All drug addicts are the same… US economy is addicted to spending and money printing. Fed not only destroyed our economy but corrupted all state institutions beyond repair.
As soon as Powell speaks, stock market comes down to reality and begins to go down.
Stock market has not bottomed out
We know who you are!!!
Did he basically just say that people noticing inflation will cause more inflation? Passing the buck, much?
I think he said, people noticing inflation will cause more inflation expectation in future, which is bad.
The money printer goes Brrrrr.
Too little way too late
There’s no surprise he don’t take some questions huh?
IF THEY ONLY KNEW . HA HA HA HA.
Maybe if I speak in a calm and inviting tone nobody will realize that things are way worse than they are wink 😉. How many people here are buying this nonsense, we have eyes and ears you know, and can see for ourselves the reality of things.
He needs to be jailed
Why should we suddenly believe the fed is correct this time?
So how much were the rates actually raised?
So… This speech was nonsense and the Fed hasn’t come up with a way to lower inflation? This was pointless.
the market is completely manipulated. There neither was a reason for a pump ahead of the speech, nor a reason for thr dump after the speech. Nothing has changed, yet market dips. Its absolutely irrational.
Ran on algorithms aladdin. Manipulated and controlled in there favor
Pumped bc the market was pricing in a 45% chance of 75 bps hike before the speech, then dumped after the speech as the market priced in a 55% chance of 75bps hike. The market was hoping that Powell would focus on the progress made by tightening, which might’ve meant slowing the hikes, but he didn’t do that. Makes sense to me.
Unfortunately the biggest mistake and highest impact from inflation was housing. That has happened for almost 10 years as the FED kept interest rates artificially low and bought mortgages. Now that game is over. The result, housing prices were not stable but higher than they would have been without stimulus. So there was no benefit to a home buyer the last 10 years and now wealth on paper from home equity will drop by trillions. Everything else regarding inflation is peanuts compared to housing costs.
Keep the casino running don’t you dare shut down the money printers because we will give you recission hahaha
Yeah mate
“Price stability is the responsibility of the FED” “That is why we created 9 trillion out of thin air, to create real inflation of 15% which is only transitory, because it will evolve to 99,9999% within 5 years. “
😬
What is everyone applauding? They are so far off track and have let inflation skyrocket instead of stepping in months ago.
Balance sheet continues to rise, where is Congress? It is their job to hold these people to their mandate of price stability. Their target rate of 2% has more than quadrupled, give us some answers not BS.
Time to cut the head off the snake.
I don’t know how many times Powell has to keep reiterating that the fed needs to bring down inflation to 2% for it to sink in the mentality of the stock market. The stock market should be on a oneway trajectory downward
2% yoy going forward. Here’s not targeting deflation. He doesn’t need to bring down inflation.
Someone short position is in jeopardy 😂🤡
@kingrjstackz I’m waiting to buy matterport when it hits $1 but these phony stock rally’s keep happening
The stock market will be falling no matter what Fed does Fed cannot fix the economy which is seriously broken but they can speed up or slow down the recovery process. For the nearest future, no matter what the inflation adjusted profits will be falling as so will stock prices, especially for those high debt, low earnings companies.
Defund the oligarchs
If what people believe about the economy affects inflation, then the FEDs job is to lie about how things are going to make people think the FEDs irresponsible money printing and artificially low interest rates isn’t having an affect on the economy until everything magically get’s better? Smh
btc will crash to 10k sell. short now!
Powell needs to end the war with Russia to get inflation back down to 2%…..
Its soo ironically funny to see how capitalism play on human life… we all dependent on one guy at the end is no short of best joke ever🤣
It’s not really about him. Everyone knows the lever of inflation and stabilizers are controlled by interest rates, “WE” elect people with the know how on when and how to adjust those levers via proxy that is. Do you have any better idea on price controls?
@jahudini you asking me for price control makes the joke more laughable🤣🤣 ask FED please. my point isn’t about the economic arthimetrics but instead the fragility of the system and how easily investers got intimidated. Will see next week he will say something else and pour his majical oil to make america feel great again🤣 And suddenly make the market pop up – Not logical at all. I wish he thinks little bit better before printing all that money that flooded the market. This a policy error duh, and millions suffering cos of it.
Yes but that doesn’t still change the fact that all this mess is about JP and his few inner circle at decision level at FED – afterall it was his decision to go 0% interest tbw – and all the time he been asked why he consistently keep rate low his answer was “its transitory”. Word by word this what he said – The word ‘transitory’ has different meanings to different people,” he said. “We tend to use it to mean that it won’t leave a permanent mark in the form of higher inflation.” Oh JP🤯
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Bulls mad.
Dollar shredder go shred.
Dollar going to the moon.
Fixxed income coming back.
Lizards
Price stability was not an issue while inflation was ‘transitory’. Whoopsie. If the economy was a car, this guy would fail his driving test. Toss the bum out and replace with a fixed bitcoin standard.
Volker heard many times during his speech. He will follow suit.
Jpow is a good script reader😁 no stutters and smooth no mispronouncing of words.
He’s had a whole year to rehearse it
FED appears to play the roles both as an arsonist and a fire fighter.
Market manipulation?🤔
Market popped too much too fast. If we didn’t have this insane rally he probably would be more dovish. Market needs a reality check. It’ll eventually sink in and we’ll capitulate probably sometime in September.
Shorter than I thought
With the digital dollar, the fed won’t be needed anymore and they just get some computer operator to add whatever amount they want. That make US currency of any kind worthless.
Economics 101: You don’t try to “moderate demand,” you accommodate it.
Powell & “The FED” get an F on this speech..
No mention of the real situation that SUPPLY IS ARTIFICIALLY CONSTRAINED, and thus no real plan by the parasite FED to deal with it.
“higher inflation” = “hyperinflation” huge undertones here I’m sure…
I wish Paul Volker and this clown traded places in time
He can only affect demand, not supply side constraints. We have a supply side inflation. Congress and Biden are at fault.
Trying to reduce inflation for the past 15 years, by borrowing as much as possible for as long as possible and fucking the world economy???
Great video who ever uploaded it…
Balance the federal budget or risk a depression
STOP PRINTING MONEY!!!
Stop giving it away, more like it.
why is the goal to bring inflation back to just 2%? whatever happened to “symeterical” inflation?
Aug CPI might change the direction slightly but nothing new since early part of year…
Haha – privatisation and stability is an oxymoron –
So the free money printers want 2 percent of everything forever, how nice for them.
MMT FOR ME BUT NOT FOR THEE
He is a good speaker.
How about no more funding the constant wars, the central banks fund them all, without them we would have to negotiate instead of building more weapons to send to ukraine, yemen, iraq etc etc etc etc.
why you print so much money , crazy clowns that represent the government are trowing huge amount of money out the window.
So basically screw your lifelong savings and let them get decimated by inflation and deal with it. Blackrock owns everything along with vanguard. The enemy is strong.
Ohhh my God, nooooo more pain please!! 😢
Bad Sales Pitch. I think Biden told him what to say. He kept saying “my opinion” and ignoring the facts and ignoring federal mis-spending!
My hero!
The Federal Reserve Act of 1917 needs to be repealed and replaced with a system that is not based on paper currency IOU’s & debt! This system of modern day slavery will eventually crash under it’s own weight. Let’s be proactive and replace it with an equitable system based on real value before it collapses our economy!
you can’t reason with evil!
“When you see corruption being rewarded and honesty becoming a self-sacrifice, you may know that your society is doomed.” -Ayn Rand
Digital central bank money would be the most efficient tax collection method for society that has ever occurred in the whole history of mankind. And with that, nothing more and nothing less than the realization of an all-encompassing dictatorship brought about through money.
Crypto could be the future
@Paradev Paradev craptocurrency is not the future
The plan…destabilize governments and economies from within, with so much corruption and chaos that people will welcome an alternative
Don’t forget how this mess was created. Government overreaction and overreach via mass lockdowns and then printing of money. They did this and now we are paying for it, as per usual.
nope, fed funds rate 2009 _____________________ 2015.
Literally 2 days of bear market until again someone will say inflation is now factored in. Again a good ride till sep when fed actually meet and put it at 0.75, which again is already factored in.
Only china taiwan issue is greater.
So expect bullish market still after 2 days
you can’t reason with evil!
“When you see corruption being rewarded and honesty becoming a self-sacrifice, you may know that your society is doomed.” -Ayn Rand
Digital central bank money would be the most efficient tax collection method for society that has ever occurred in the whole history of mankind. And with that, nothing more and nothing less than the realization of an all-encompassing dictatorship brought about through money.
of course, when you have most of the world backed by fiat/US dollar as their reserved currency,
“those who control the money (supply) control the world!”
Powell said nothing new or unexpected. The market simply behaved stupidly for couple months, there was no justification for that huge bear market rally. Things are simply getting back to normal now.
100%. It’s surprising how juvenile the markets have been
Thanks Yahoo Finance for the stream
Do you know how simple this could be? STOP PRINTING monopoly $.
Good job way to go..
You know hell on earth is here when your leaders do every thing to build them self back better.
This his never worked..
What works is Bitcoin..
Both new and used car prices are out of control
everything is except real estate, and thats still high. my place has fallen about 40 k in about a month, but word is getting out its a green elephant.
The skies blue too
The middle class will an extinct species before this is over. And it is all down to the Fed.
I am not an economist. I am trying to translate what the Fed is saying here. It sounds like they are saying that they will focus on reducing inflation as he said to 2% at all costs. I’m thinking this will crash the economy and maybe housing. The Fed is OK with that because lower inflation for everyone is still better. Did I translate that correctly?
Thats how my husband basically summed it up for me, yeah. Buckle up!
@Lizz K Putting good vibes out to you guys and everyone else out there. Let’s all hang in there during this downturn in the economy!
We will know on 9/11, er, 9/13.
Wall st misses mr irrational exuberance, always sounded like he was taking a dump.
I’m 100% $cash, put 10% now PLEASE :)))
Look at how his “script” is shaking the whole time…..he is fearing for his life. The collapse is coming
This is what happens when the poacher is put in charge of the forest. The Fed is controlled by the banks – wake up.
Don’t fight the FED when they are loose be a 🐂 when they are restricted be a 🐻
Why is Jerome Powell targeting stock market all the time?
He needs to quit the job if he cannot make the solution for the inflation.
His speech doesn’t make any sense.
Every time different.
Up & down, up & down.
Hawkish, soft landing.
He is leading the economy to the wrong way.
In Other Words…
Deep Red Days Means Buy..
🤣
Inflation down to 2% in US, stupid illusion!who said this is crazy and unprofessional!
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So I guess us common folk are not allowed to watch or listen to the rest of this talk..
Almighty God will set everything right now please 🙏🙏
TRUTH, TRANSPARENCY AND TOTAL COMMITMENT WOULD ULTIMATELY ROCK THE SHOW BY THE GRACE OF ALMIGHTY GOD 🙏🙏🙏❤️❤️
America need to retire senior citizens leadership, like 1 biden 2. Powell.
They distroy us and world also… Need to relifes they job
Back down to 2%? It reached 9%. When have we ever maintained deflation? All assets rise in cost never back down. Look at the last 100 years for example like food prices. Bean burritos will never be 70 or 90 cents. If the dollar somehow becomes stronger what will it take. Unloading their 9 trillion dollar balance sheet? Money destruction? Supply chain and manufacturing back in the states? So much has to been done and the Central Bank can only do so much for the macroeconomy…
Truth always hurts 🤕
Powell and Fauci are the same destroying the economy with fear mongering. First the government mess up all jobs and now that it is over the government comes again and want to do it again. Don’t listen to him. Do business. Who care about 0,25% more or less interest rate. Inflation will be solved by the market itself. Price stop would be the correct tool.
Dollar tanked.
Dollar’ll plunge.