Jerome Powell – Chairman of The Federal Reserve – just announced his thoughts on the economy, the stimulus package and the outlook moving forward – enjoy! Add me on Instagram: GPStephan
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For anyone not aware, The Federal reserve is the almighty power that influences some MAJOR aspects of our economy:
-First, they monitor and manage the inflation of our currency
-Second, the Federal Reserve also regulates banking activities, and ensures that they operate within a strict set of guidelines.
-Third, they’ll provide banking services and other policies to ensure financial stability within the markets.
The Federal Reserve Chairman, Jerome Powell, said that interest rates will remain UNCHANGED, near ZERO, and will employ its “full range of tools” to support the US economy as the illness continues to wreak havoc on the US.
https://www.cnn.com/2020/04/29/economy/federal-reserve-april-meeting/index.html
They also said that they’ll “keeping buying Treasury and mortgage bonds to help keep rates low and ensure that companies can continue to lend easily.”
https://www.1011now.com/content/news/Fed-signals-it-will-likely-hold-interest-rates-near-zero-for-months-570047581.html
In other words…all that means is this: The Federal Reserve has made it clear that they will do EVERYTHING they can to make sure our economy doesn’t completely fall apart, and they’ll ensure that things won’t get too bad. After all, at least in the short term – it would be a LOT more devastating if people didn’t have any money, they were shut down, they weren’t working, they lost their house, banks stopped lending, businesses couldn’t stay open, and that – in turn – causes a massive spiral downwards.
And given that, though…it does bring up the eventual concern about INFLATION or DEFLATION – because, if so much money is pouring into our economy all at once, while people are losing jobs, EVENTUALLY…that money has to come from somewhere, right?
Now, even though this concern was addressed by a reporter during their press release, and Jerome Powell responded by saying that they’re closely monitoring the situation and will aim to do everything in their power to maintain a steady 2% inflation rate…EVENTUALLY, in my own opinion as some guy on the internet…something has to change.
Until then, I’d say DEFLATION is likely going to be the biggest concern – my video here: https://youtu.be/GRcRmmqByjc
During the press release, it was also brought up that The Federal Reserve is essentially “propping up the stock market” with these fiscal policies…and to that, Jerome Powell responded by saying that (Paraphrased) “That’s not the main concern, and right now – it’s more important to make sure businesses are able to stay afloat and keep people employed, than worry about the stock market becoming disconnected by reality.”
Only time will tell how this plays out…but, they’ve made it very apparent that their number one concern is: make sure everything is okay, FIRST…and then, once all of this blows over…we can address potential inflation, paying down the debt, and picking up the pieces…LATER.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
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You have way to many interruptions with your money hungry ads.
Deflation is a plausible concern right now in uncertain markets. Supply shocks in others will cause inflation in those market, most likely. That being said the quantity theory of money, which he seams to be operating out of, doesn’t hold as much water as it did when we used a gold standard. The increase in the M2 and even M3 has far over paced the inflation rate since decoupling from the gold standard in in 1971, indicating increases in the money supply are having a lesser effect on inflation.
So now if you mention the illness that is wreaking havoc, your video will get demonitized? Youtube…c’mon.
FOLKS! THE WORLD HAS BEEN CLOSED FOR 6 MONTHS AND WILL BE CLOSED TILL JULY AT LEAST!! GO DOWNTOWN OR TO ANY BUILDING OR OFFICE ON THIS PLANET. THE PARKING LOTS ARE EMPTY!! THIS IS EVEN IN THE TOWNS AND VILLAGES WHERE HAVING A SHIRT IS A LUXURY! THE UNEMPLOYMENT RATE HAS GOT TO BE 50% BY NOW!! AMAZON SHOULD BE A PENNY STOCK! WE HAD THE FINANCIAL CRISIS AND THE DOW WAS 6500. THAT WAS .00000001% IMPACT AS THIS PAST 6 MONTHS AND LONGER!!! WE ARE JUST ABOUT THE DOW LEVEL AS 2019 WHEN THE ECONOMY WAS SKYROCKETING!! IF YOU HAVE A 401K WORK TILL YOU ARE 95! SORRY! DO NOT BUY STOCKS TILL 2025 AT LEAST AND PUT 5%!!! SORRY!!!!
Interesting video. Added you on insta!
What should i do with my 401k? Does it work like the stock market, where i should increase my contribution to buy cheap right now that is low?
Just start doing crypto videos. All Is Lost with Fiat funny money.
Graham, you need to listen to a Peter Schiff podcast and brush up on your macroeconomics if you think any of these policies will lead to deflation
Smashed the Like bottom because I agree no one should do business with horrible Wells Fargo!
Great Job Graham. To learn more about financial markets checkout Jeffrey Gundlach and Danielle Dimartino Booth
Graham a great video would be the effect on the Fed if China decided to dump US debt or treasuries onto the open market
Liquidity does not equal companies are solvent.
Please don’t listen to this guy. Look up Stephanie Kelton. Federal spending is not funded with taxes or borrowing. They create fiat funny money out of thin air and can never run out.
All honesty majority of the money being printed is not making it’s way into hands of regular people. It’s all going to big businesses.
Why is Wells Fargo so bad still?
3:56 Graham you’ve missed coronavirus erasing as you do normally. Hopefully still able to monetise or quickly fix and re-upload. All the best. Stan
We need to abolish the federal reserve. We dont need it!
Do you think we’re in a Wealth Cycle?
That bath water photo earned you that like you always ask for
End the Fed. Back to constitutional money. These problems started compounding in 1971.
I feel like u speak like that kid all the time 😉
I have a car loan with Wells Fargo, should I refinance with another bank?
BRRRRRRRRRRR
Old poem / allegory about infinite paper money:
Once on a time a paper kite
Was mounted to a wondrous height,
Where, giddy with its elevation,
It thus express’d self-admiration:
“See how yon crowds of gazing people
Admire my flight above the steeple;
How would they wonder if they knew
All that a kite like me can do!
Were I but free, I’d take a flight,
And pierce the clouds beyond their sight,
But, ah! like a poor pris’ner bound,
My string confines me near the ground;
I’d brave the eagle’s tow’ring wing,
Might I but fly without a string.”
It tugg’d and pull’d, while thus it spoke,
To break the string-at last it broke.
Depriv’d at once of all its stay,
In vain it try’d to soar away;
Unable its own weight to bear,
It flutter’d downward through the air;
Unable its own course to guide,
The winds soon plung’d it in the tide.
Ah, foolish kite, thou hadst no wing,
How coudst thou fly without a string!
My heart reply’d, “O Lord, I see
How much this kite resembles me!
Forgetful that by Thee I stand,
Impatient of Thy ruling hand;
How oft I’ve wished to break the lines
Thy wisdom for my lot assignes?
How oft indulg’d a vain desire
For something more, or something high’r?
And, but for grace and love divine,
A fall thus dreadful had been mine
What does this mean for REAL ESTATE? BUY more?!!
Deflation? My dollar becomes more valuable, sounds good to me.
Everytime he says hit that like button i hit it. Sometimes he leaves himself on unliked.
They ruin our economy end the fed go back to gold and silver. The fed doesn’t have control they are just trying to keep the Ponzi scheme going. Gold and silver plus capitalism without government comes without Great Depression. The fed and government take you purchasing power, freedom, money. Which sounds better. You are all sheep. The fed and government causes the problems they don’t fix them.
This dood is dum the fed is the problem
800 American global military bases prop up the U.S. greenback value.
Money as a value is a perception. How the rest of the world perceives America as a nation and as a business partner.
There is a reason why the south China sea and their neighbor brings our nation as “relevance” to their interest.
Venezuela or Greece money has no value to Taiwan or the Philippine or Japan etc.
So you’re asking do we as a nation have “relevance” to other nations regarding who holds the U.S. greenback even tho we’re in debt?
Yes. It calls insurance.
We are other nation’s insurance and there is nothing that screams security and power than our 800 global military bases.
Anyone ever tell you you look like Peter Parker? Tom Holland 🕷🕸
Saving the asses of the 1% from the coffers of the people
take your crumbs and be grateful you didn’t have to burn your city.
vote blue, if only because of the 60% that are going to eat S**T.
“everything we can do”=we’re buying every company, house and asset=the complete takeover of America
And honey, they’re not doing ANYTHING “inadvertently”
How do people think deflation will happen with trillions of new dollars coming into the market? There might be some things that reduce in price because of less demand. Gas and oil prices come to mind. But in general, if the demand is the same but there are more dollars in circulation, prices go up and that’s inflation. I think sometimes that the media confuse “stock or housing prices going down” with deflation and its not.
This kid’s solution is wrong, what needs to happen is the fed needs to let the market forces correct the market, that means they need to do nothing. Recessions are healthy and the only road to a real recovery.
Thumbs down as too many commercials.
We do know where dollars and the federal government gets it’s funding? It is not a business folks
I joined Webull on April 25 and pulled Banco Santander (value $2.05). On that date, I also deposited the $100, and Webull gave me Levi Strauss &Co ( value $12.22). Both a far cry from the $1200 stock they we advertising…
6:25 – wait, are you worried about deflation or inflation? Not the same thing. Depression came from deflation, which came from too tight monetary policy. Not exactly what’s happening now.
I love the comments.. like no one knows what exactly the fed is doing xD
Monopoly Money
Graham I think you don’t know a lot about monetary policy. The Fed never did and never will do any good to the economy.
Your videos are unwatchable. 3 ads on a 10 minute video….come on.
$1400 potentially for a stock from webull.. 🤣🤣 You’ll be lucky to get $15 stock!
great vid graham, but what the FED does no longer surprises a lot of people, they are a corporation themselves which sits above the government, in short the government is just a watchdog, all those dollars flocking the market will pop a bubble in no time
These are all bandaids. We need the whole 90% of wealth controlled by the 1% thing to be addressed. Give trickle up economics a try.
Covid19 it’s an Scamdemia listen Dr Rashid Buttar.
Yeah I make a low wage. They take out 130 a week out of my check. Over 5200 a year for just me. Multiply that times the 350 million other people in the USA. The government gets over 1 quintillion 700 trillion dollars …..A YEAR. from us.
We should have it fuckin made bruh. We are more slaves than anyfuckin thing.
Of so now we are throwing money in a sprawl Nd throwing money in the stock market.
Wait don’t bank at Wells Fargo
I maxed out my credit card then they gave me back the money i used like what it was free lol
https://profitdaily.org/
Why does your voice hurt my ears
https://youtu.be/nF8ceXqO880. Minute 12 mortgage rates graph
That jacket you have on is hard! where did you get that from??
OK, wait a minute, what happens when mom and dad give you money that has no value. They eventually end up in jail.
Theft theft theft theft theft theft theft.
Talk is cheap. Time for heads to roll!
Graham the Fed is killing the economy. And the decisions they made will hurt us more than help us. This is why anything economy wise I go to the likes of Peter Schiff and other.
Pretty much what Europe have been doing for over 12 years now
WHY AREN’T ANY GOVERNMENT WORKERS BEING LAID-OFF?!
I’d love a cushy boomer job where I sit around and print money all day
What the Hell does this guy know? self declared financial advisor/ educator? Classic
They’re not going to continue stimulus checks if pandemic restrictions are lifted… there’s simply no reason to. Maybe everyone is forgetting that?
jajajaja duuuuude im just so high af at minute 2:32 lmfao
😛
Screw USA now It’s FWO #1. The Federal World Order is going to keep the world secured and running they have won. Soon you will have 5G and UBI your just another Number and they will do the Math and Lump sum you Owe them due to government spending habits wether you like it or not. The Spice must flow or your Ships shall Sink.
Central banking is central planning. And not capitalism
What happens when people wake up and don’t buy US Treasuries. Fed has to print. The printing money is not a cure all. If it was, Zimbabwe would rule the world. The covid will turn out to be no worse than a bad flu
There is no drink?
Yeah falling prices is terrible for the economy. I hate it when I can buy cheap things from the shops, it’s supper annoying.
Another Youtuber talking about stimulus check. Next please 😠😠😠😠 redundant
Well I’m glad we voted away from socialism in 2016. Wait…..
Sooooo you’re on vladtv now?
Love the videos, but I am getting 3 ad blocks for a 10 min video. YouTube needs to relax the ads for this channel!
America: How do you manage to lend us so much money?
The Fed: lmao the printing machine goes brrrrr
How did you do that Tony Robbins voiceover? That was the greatest thing I’ve ever seen in a YouTube video.
socialism
capitalism has been dead for a long time
Why is this in my notifications 4 days late XD
When they are printing so much money, at some point interest rates have to go up and we will end up paying more in tax or other consequences such as reduction in Ss benefits. Would like to hear ur thoughts on what happens when debt to gdp ratio shoots up beyond 150%
Why banking with Wells Fargo is not a good idea?
Once they put the money to the everyday people who actually need it, it will by definition create inflation and the fed could easily lose control. It has happened in the 70’s and could very easily happen again. This round of spending is so large that it is hard to even get ones mind around it, that while not looking to stop anytime soon. If the Federal Reserve (which is a PRIVATE institution of banks, not a government agency) could not control it in the past at a much much much lower amount, how can they stop it now, especially with how short sighted they are looking?
I might have to start diversifying some of my money now, I heard the Japanese yen is pretty good.
HMMM…
Graham, you really need to have Matt Cox on your channel. He has been on the “Koncrete” youtube channel (they used to cover Ben Mallah). Matt is mortguage fraud con artist but he is a very interesting person to listen to. I think it would be a great opportunity to create some new content. Viewers of the Koncrete channel can’t get enough of Matt Cox
Just when I get the account set up the rate drops.
Got enough Ads on your 10 minute vid????
You remind me of that kid that got an A in class and obnoxiously crowed about it. Great video!
the Fed is stealing from the world. US dollars need to be dethroned.
HULK SMASH BUTTON!!!!
Show some love to my new video!
Welcome to banana republic.
Awesome perspective to be ahead of the curve explaining the possible problems of inflations will cause in the future . Also , great analogies being used in your stories to explain the business vernacular. Always on point with the proactive analysis also , I can’t say enough .. great content + deflation , inflation , vs Interest rate high & low!
Do a quick google search for *ECOM BAZZOID* someone posted your courses Graham
Do a quick google search for *ECOM BAZZOID* someone posted your courses Graham
Do a quick google search for *ECOM BAZZOID* someone posted your courses Graham
Do a quick google search for *ECOM BAZZOID* someone posted your courses Graham
Do a quick google search for *ECOM BAZZOID* someone posted your courses Graham
Do a quick google search for *ECOM BAZZOID* someone posted your courses Graham
Do a quick google search for *ECOM BAZZOID* someone posted your courses Graham
Do a quick google search for *ECOM BAZZOID* someone posted your courses Graham
Do a quick google search for *ECOM BAZZOID* someone posted your courses Graham