Federal Reserve Chairman Jerome Powell speaks on biggest interest rate hike since 1994 | full video

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Federal Reserve Chairman Jerome Powell held a news conference Wednesday following the U.S. central bank’s decision to raise interest rates by three-quarters of a percentage point, the sharpest hike since 1994. Powell acknowledged Wednesday's interest rate hike was "an unusually large one," but said the increase was necessary to tamp down inflation. "The labor market is extremely tight, and inflation is much too high," he said.

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What??? Biden was just in Jimmy Kimmel telling us how great everything is going!

StalinTheManfSteel
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why so many food plants burning down? start stocking up on food people. not too late.

kikisoaps
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Now our economy is really going to collapse.

AM-titg
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Fed does not have the right tools at hand to combat inflation 🤡
Monetary policy to large corporations, which is deflationary in nature is stopping and you expect that stopping this said policy will help to decrease inflation? Cmon now.

itsmerobinyi
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This dude blamed everybody else, but made zero mention of how the government has been pissing out money on failed programs for years.

judakomarow
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but you still choose to send money to Ukraine not against help but we are fight a war we did not ask for

joshuanismo
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Wait….I thought we were building back better??!!!

MM-vjgc
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Lmao its transitory. Giggles. Biden said on kimmel everything was awesome. Lmao

jaspajones
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Make individual saving worthwhile again. The rest is just greedwork.

fluxfaze
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When you install a President, rather than elect. 🆘

joesbhose
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june fifteenth two thousand and twenty two.
employment rose over 400, 000 jobs per mpnth for the last 3 months

gregoryfriday
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Sounds like you are talking out of both sides of your mouth. Why don't you tell us the truth. We are dying. The low to middle income will become homeless. You are a lier. Do your job Powell.

diannadima
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One thing I see (from a purely anecdotal perspective admittedly) are help wanted signs almost everywhere...

richardwilliams
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At some point being "surprised" equates to incompetence.

boardgamerants
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Was the last question from Bank Rate or about bank rates? Just want to make sure I heard it correctly.

yarielbrown
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Too lightly too late. You have caused this . And we the low income will be increaseing the homeless rate in our State of AZ.. You ruined us Powell.

diannadima
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Great dedication Powell I hope we push through this. I appreciate you and what you do for the economy.

kentrader
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is you have no debt then you can not default on a loan. If you can not default on a loan then you cannot have contagious default.
Allan Greenspan.

gregoryfriday
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must export more than we import for a mercantilistically stable economy. that goes back to Alexander Hamilton.

gregoryfriday
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Meeting today

sCP federal fund rate

😮months

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