Federal Reserve Chair Jerome Powell speaks after Fed holds interest rates steady — 9/20/23

Federal Reserve Chairman Jerome Powell delivers remarks following the Federal Reserve's two-day policy meeting on Wednesday.

The Fed held interest rates steady in a decision released Wednesday, while also indicating it still expects one more hike before the end of the year and fewer cuts than previously indicated next year.

That final increase, if realized, would do it for this cycle, according to projections the central bank released at the end of its two-day meeting. If the Fed goes ahead with the move, it would make a full dozen hikes since the policy tightening began in March 2022.

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LIVE: Federal Reserve Chair Jerome Powell speaks after Fed holds interest rates steady — 9/20/23

[Seanpfree]

Higher for Longer = Higher FOREVER.
We've seen the end of first time homeownership and in a decade the end of the middle class.

[dorispowers]

The harm this Fed has done to the working poor is outrageous. Putting 8 trillion dollars on the Fed balance sheet is forcing millions into poverty. People can no longer afford to eat at McDonalds . 😢

[criptochango]

His 'price stability' keyphrase is like Jeff Bezos' 'customer experience' favorite phrase.

[RobertRedtfeldt-gqzu]

Wow, it’s amazing how these questions try to spin something other that what Powell said!

[kaihinkong]

Apple is the winner in this video! Great product placement! 😆

[Steelologist]

This man lacks a basic understanding of why a modern 21st century economy is not responding to his 20th century interest rate philosophy. He is talking the 1980's while living in the 2020's.

[WJung-cclc]

FED dollar is trash. They devalue your hardwork.

[akaapinoo]

Makes no sense.. if Credit card interest are up to 20%, balances month to month.. where are the savings?

[JAME_GUMB]

Nothing can be done when the dollar is ditched as the reserve currency... The game is coming to an end

[RJ-egbh]

High interest rates are killing this already messed up economy!!!

[tomaszkorbut]

o. Identity of source in Inelosure No. 3 (L-25917,

10 April 1952) is properly safeguarded, as well as the identity of source's friend, CHSSROV, leo

[scottreid]

how did this civil servant acquire 55M$ in net worth?

[ordusrosae]

Still, people keep buying stuff they don’t need and living on credit. We’re all paying for the morons

[CherieNichols-wjph]

I need rates to go down so I can sell my house, going through a divorce and I’m stuck

[RJ-egbh]

Screw over time!! We need rates lowered and inflation down, so we can afford to eat and buy gas

[gelbusherpa]

Rich people are taking advantage of the CPI keeping inflation down.

[ovo]

Why he used an iPad 🤔 I don’t recall him ever using an iPad before? He always read from papers but switched to iPad this time?

[invictustrader]

23:30 in the video. The most important question asked. Reporter : "Would you consider the soft landing a base line?", Jerome Powell: "NO". Soft landing probability is very low.

[forthebetterfutureofworld]

So weak move. Raise interest rates more aggressively til the job is done ti restore trust in dollar.

[calilife]

As long as banks keep approving people for 0% credit cards on purchases, spending will maintain and will all pay for it down the road. No one taught people in school about finances in America. Same thing with setting up retirement accounts.