Fed Chair Powell delivers remarks at the Washington Forum on the Canadian economy — 4/16/2024

Federal Reserve Chairman Jerome Powell speaks at the Washington Forum on the Canadian economy in Washington, DC, in a moderated discussion with Tiff Macklem, Governor of the Bank of Canada.

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Fed Chair Powell delivers remarks at the Washington Forum on the Canadian economy — 4/16/2024

[HiteshAgarwal]

instead of obsessing with interest rate cuts, market should accept to live with high interest rates forever

[ecosignals]

🇨🇦+🇺🇸 Fed's are Happy with how things are going. That is, they are happy with the "controlled rate of burn" of the vast majority of people 🔥
🇨🇦 has tighter lending always, comparatively. Hasn't had >10yr mortgages. Doesn’t have a world reserve currency. Is at the whim/short stick of US in trade (softwood, oil, pipelines, planes~AvroArrow~A220, grains, masks, drugs, social*medias). Had WAY less stimmy.
The similar rate hiking 🇨🇦 is VASTLY more impactful/painful than the record rises in the 🇺🇸.
That they are seemingly tone deaf on this, is disgusting.

[wowbizz]

The truth is all off you, you doing a great job, to maintain a sheety life for the tax payers, and maintain the growth for the rich to get richer, so I hope people will awake, and take some action for a fair decent life, with security education and fair pay rates, to not fear for the day of tommrow. But they have no ideea how the rest of us we are doing, becose theyr wages, and the money that they make based on the information that they have, they get rich and richer, and they party like 20yr old.

[danieldinnell]

Remember a time when the borders were secure, the world was at peace, gas was cheap and plentiful, groceries were affordable, mortgage interest rates were 2.5%, and the economic outlook was optimistic. I sure do miss those good old days from just over three years ago.

[stephenbush]

I disagree with Powell's statement that "should inflation further increase he can maintain the current level of restriction for as long as needed" and at the same time he says "he has significant space to ease should inflation begin to drop". Rates are NOT high where they are! There is NO ROOM to lower rates without unleashing inflation, especially on EVERYTHING bought on time! Rates should be INCREASED, especially after months of inflation increases. This attitude of refusal to raise rates is dangerous! Rates should be raised to conquer inflation decisively! Even "shock" the markets with a large rate increase. Then from a range of 7 to 9% rates, if inflation can be controlled with no more increases than that, rates can be lowered to the current range for stimulus AFTER deflation brings ALL prices back down to sustainable and reasonable ranges. Prices are too high! Homes for example must come DOWN in price so that people can afford to buy them at current rates! Rates too low are very bad! It causes inflation in EVERYTHING bought on time because sellers will price the assets at the top range of what people can afford to pay. Lower the rates, HIGHER the price! Rates too high are also very bad. They slow down business activity and demand. Balance is the key and that is a range of 5 to 7%.

[michaelciccone]

Translation, Canada is not waiting on the the US to cut

[teacherrussell]

I know it's not what he meant, but comparing Powell to a monster and war ciminal like Kissinger? You could have picked a different educated and accomplished man😁

[AnimatedHistory-InCharts]

Idiotic FED guidance for rate cuts a few months ago and now preparing for a rug pull similar to 2021/2022.

[brandonzawaski]

There are amazing similarities in our economies. We both have an average homeownership age of about 36 but Canada has a shorter term mortgage on average. Jay does a wonderful job getting information from a variety of sources from what I can tell here and some past q&a's I've seen. I suppose after averaging out what everybody says, you start to develop those policy baseline ideas.

[wanderingfido]

46:00 Powell has no idea how bad the trade relation has gotten under NAFTA 2.0. Chrystia Freeland blew it up. She incorrectly assumed the concessions awarded to Canada during the cold war up to 1992 would be carried forward into the new agreement. They didn't.

[JobBhandar]

global crises.. no rate cuts can happen

[JobBhandar]

donot be long on markets..gold comodity and even global crises made worried

[AndyTN]

Time to get rid of FED and Central Banks. The world needed to bring back gold backed currencies.

[september]

The immigration threshold is too low and status is too easy to obtain. Let's continue to do this and see what Canada will become.

[Seanpfree]

Please update us on how you're helping to end first time home ownership in the US and eliminating the middle class in a generation.

[johnjuby]

Thumbs down. 720P. Nothing but a blur on a 27" PC monitor. It takes 1080P. Why don't you learn your science?

[JAVRTH]

Lets all make bank collapse taking our money out so it will be a recession which the feds will cut thw rates😅

[brandonzawaski]

And one final thought to Jay's point about the export of comedy, that's why they call it the Loonie, right?

[JorgeSalazar-kgxc]

Has to be 7 to be on equilibrium, because of vale of currency múltiple by 7 and is 5% in usd now is 3, 7 in percentage without foreing capitales I come which obviusly is money going to USA, only by holding it for a banker is 2% spread between, is money landring

[change_your_stars]

People doing two jobs side hassles to survive 😂