Chairman Powell holds press conference after Fed signals 75 bps hike

Federal Reserve Chairman Jerome Powell holds a press conference following the highly-anticipated FOMC meeting. #FOXBusiness

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[nevillebennett]

The American people are not stupid as you think Mr Powell..

[abenarroch]

If this geniuses insist on blaming others there is no hope. The fact that they were surprised by high inflation is strange given the irresponsible government with an accommodating Fed combination.

[PolkShawn]

You can tell in his body language that he is expecting backlash. Very obvious there is no confidence in even the words being spoken today.

[paulpena]

I love how he says "the surge in the price of crude oil and other commodities that resulted in Russia's invadions of Ukraine..." as if it's a stone cold fact. It is at best an opinion and a weak one. Both India and China are buying Russian oil. It simply does not matter to world markets who buys the oil. The supply/demand balance in the oil markets is a global phenomena it is not restricted to the US.

Crude oil prices were surging LONG before Russia's invasion as were other signs of inflation which ARE ACTUALLY CAUSED BY EXCESSIVE MONEY PRINTING. But, oddly, he didn't mention that.

[broark]

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."
- F. A. Hayek

[joete]

Keep letting illegals in! Keep sending our overseas and keep putting restrictions on how businesses can operates

[broark]

1980-Based annual inflation as of May 2022 would be 16.81%, twice as high as they're admitting.

[graemed]

They have thrown this guy under the Bus

[lisalee]

This guy is a Dollar short and a Day late...he has failed us along with yellen 🤢🤮🤢🤮🤢

[dennishungerford]

The actions of incompetence displayed by this fed. do not encourage projection of future success.

[JxLx]

just curious.. i feel like it's the left hand and right hand thing going on.... i just saw an article where Pennsylvania has $2 Billion left to spend.. how do you have them hold off on spending that money.. and other states are most likely in similar situations..

[patjager]

They could raise it to 2%, but it's not going to help, they let it go to long, just like everything else, where screwed!

[jgray]

How do higher interest rates help with inflation? Adding more costs to the already rising prices of necessities seems counter intuitive. Can't wait for Brandon to get out of the white house, maybe then America can get back to being great again...

[adrianbarton]

This is banker speak for: "We're all doomed!!!!"

[bratttt]

Dump Biden and America will prosper as it did when Trump was President. Simple as that. Enough talk.... time for action. VOTE ALL DEMOCRATS OUT OF OFFICE !!!

[lauraw]

20k views and only 380 liked this BS. I believe the people have spoken!

[placeswelive]

What happened to all those aviation metaphors? Pilots, soft landings ...

[keithmoore]

Hare Krishna Hare Krishna Krishna Krishna Hare Hare Hare Rama Hare Rama Rama Rama Hare Hare

[crazedgoldminner]

I'm 60 plus years old at my government ever did something and actually complete the job or did it right I'd be freaking amazed

[cidaliabaetasimplesmentebe]

Have all the tools unfortunately don't have the brains