Jerome Powell says Fed has made 'quite a bit of progress' on inflation

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Labor market is good because people need two jobs to get by.

skytrip
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He allowed inflation raised to 9% and now taking the credit for lowering inflation?

archisc
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Inflation can go up at any time, so 2 readings of lower inflation does not mean anything.

blackvirus
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Yes of course- Gas prices are down because they dumped out the US strategic oil reserves - too bad they can't do all the time - like drill more wells and build pipe lines? Even so the Dollar store is $1.25; coke is up from $1 for 2 liters to $1.75; my favorite resturaunt is up 50% so I cut back, same as others are cutting back on buying from me so sure fixing wasted spending and oil reductions on the backs of citizens ; electricity and natural gas; all up. Some companies have had to cut prices because of inflation/higher interest - like most car makers; that means lower or no profits. Oh but we can pay Ukraines pensions and spend there like there was some chance to win there. A giant waste of money.

litestuffllc
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The maniacal government spending is a leading cause of inflationary pressures.

David-nvsi
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Yeah your "transitory inflation" has done a ton for the top 1%

akacurryful
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He obviously hasn’t tried to buy a house, car or go out to eat at a restaurant lately.

lmankj
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Yeah I question their narrative on “progress”. Have you noticed anything get cheaper? I haven’t. At all.

calledout
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Guess what everything is still 20-30% more expensive than 3-4 years ago. And wages haven’t increased at all.

andrewsmith
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strong labor market, suggesting everyone participating in gig and part time jobs? lol

jackryan
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Even though I plan to stick with it, inflation is wasting my money and my portfolio is losing gains every day, so I need a cure right away. My main concern is how to raise the value of my cash reserve because it has been lying there for a very long time with little to no increases and inflation is currently about 3.4%.

maxwellOk
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2:53 unnecessarily undermine the recession.

GreenNutGuy
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This guy isn't going to cut until the s&p goes into a 10% correction 😂

gen-X-trader
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2:53 They think we don’t know what’s up ahead. It feels like 2006 all over again…

djadams
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Oil prices have climbed substantially since last month's favorable inflation data risking an increase in inflation.

David-nvsi
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Interest rate higher for longer.... Man I wish i hadnt Dated the Rate

Bridin
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Powell: We just have not loss enough jobs yet 😮

etfeasy
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No cut??? 😮
BOJ will be forced to intervene to avoid a free fall to usd:yen 1:300 !!!

rxtoken
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Given the bond reductions, it could require an easing next few months or get hit with lag effect and recession

petewilliam
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Plaster Boi! His nose is falling off cuz of all those dirty lies he blabbers into the abyss!

TheInflationGuy