LIVE: Federal Reserve chair Jerome Powell speaks on current economic issues

Federal Reserve chair Jerome Powell speaks on current economic issues in a webcast hosted by the Peterson Institute for International Economics.

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[joseecheagaray]

It's not a good economy if live borrowing money. That's like putting a fix_a_flat in a tire that still have the nail in it. Ask those people that spend money in a credit cards, when you spend too much, you will have a hard time to pay it off.

[johnlaubenstein]

I do not know if Powell is a liar or is clueless
It is this simple for me
Want to discuss Jay

[warmperson]

“When the crisis is behind us, we will put those emergency tools away” !

[deni]

Who owns this cartel, and how do they have power to print our money.

[malikdey-nativemoor]

Sovereign Credit with No Gold Backing is NOT Sovereign. The host should of asked, if the Fed is a bank, how do they print commercial paper and call it Money?

[candysummer]

When asked why restaurants and salons (the shrinking sector) would take advantage of these loans with negative rates, Powell says "Airlines, hotels, some restaurants". 22:55

[bobsmith]

The Fed sets asset prices, not the market. Since 1980s, the Fed has lowered interest rates and since 2008 the Fed has done QE to reward the asset owner class by raising asset prices. *These artificially low interest rates and QE have caused the year/generation you were born in to determine whether you are able to own a home and generate wealth* . The older generations bought homes for 1-2 times median income and bought stocks at 8 times PE ratios in the 1980s because asset prices were low because Volker set interest rates high. Then these people road the Greenspan, Bernanke, Yellen and Powell puts and became rich as their homes and stock portfolios increased +10% a year. *They became rich because they were simply born at the right time* . But the asset non-owner underclass (millenials and poor boomers who didn't accumulate assets in 1980s) deal with housing at 8-10 times median income (because wages didn't increase since 1980s), a bubble stock market that only went up because of QE and low interest rates. It is a shame that 99% of people have no idea that monetary policy and not fiscal policy deserves most of the blame. Eventually the asset non-owner underclass will revolt by electing an MMT president, who will inflate away the asset bubbles and make housing affordable again (and cause a depression in the process). Please spread the word so people can understand this and we can have a change in monetary policy. This is not a left vs. right thing, it affects all of us.

[BiggE]

Lol.. soooo this is who actually runs the country

[nuorigin]

Who is going to pay back all of this m money? We were already broke before we lost our jobs. Trump is the disaster