Federal Reserve Chair Powell testifies on monetary policy before Senate committee — 3/3/22

Federal Reserve Chairman Jerome Powell is back on Capitol Hill on Thursday to deliver his semiannual economic assessment to the Senate Committee on Banking, Housing and Urban Affairs. He told a House committee Wednesday to expect rate increases ahead but noted the implications for the U.S. economy from the Ukraine war are “highly uncertain.”

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Federal Reserve Chair Powell testifies on monetary policy before Senate committee — 3/3/22

[MusicLoveJazzy]

Wow! This is all theater now. Turn the money printer off for only one day and it's lights out.

[JohnDaniels]

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless" -Thomas Jefferson

[EnergeticWaves]

gasoline doubles and they say it's only 5% inflation.

[jaspernewcomb]

Let's at least be honest. We are 30 trillion dollars in debt to the people that service our account, operate a Pyramid Scheme where it's all a big secret from the people of America and have failed in every aspect with their debt based monetary system and nobody in our Government stands up and says enough, we want our money back?

[ina-Marine]

If one invest more has series of good income all this will not be a bother. but we are human and we cant just sit idle and overlook all the fact that someone up there is making things hard for us down here. that's why I trade with Mrs Nicole Brusher, her set skills are amazing.

[lorraineanderson]

To gloss over the hottest topic in finance today, 'the absolutely wild and exorbitant printing of money leading to inflation' is to think the rest of us are too polite fools.

[MrFdfa]

I think the Fed should begin rapid balance sheet reduction first, before raising any Fed interest rates.
The current inflation is due to the Ukraine war, Covid-19 disruption, and deglobalization, which cannot be solved via interest rates.
Raising the interest rates will only let ordinary people suffer more, especially with the increase in the mortgage/rent payment.

For ordinary people, the effect of double the mortgage/rent payment is much higher than double the energy & food bill. People can go through the unavoidable increase in their energy & food bills, but why should the Fed add a much heavier layer of higher mortgage/rent to them quickly before they can go through the higher bills first?

The rapid expansion Fed balance sheet via the QE program is unhealthy, and it mainly helps the people in the financial world, while the interest rate affects the living cost of every ordinary people.
I think the Fed should start the rapid balance sheet reduction first, while raising the interest rates only after the reduction is finished and give some time to the ordinary people to let them have enough income to pay for their monthly bills.

[juliedahl]

Hagerty doesn’t amount to much of a representative……👎👎👎👎👎👎

[barrybelanger]

powell never uses his tools, if he was working as a mechanic he would have been sent home after first day, put him on commision of his work ...

[constantin]

This man has done inexplicable damage to US economy for the benefits of a few.

[SteveDaria]

I think there’s a stark difference between small businesses and start ups. As start ups are heavy with debt and raised money. Many of which will lose money.

[ask_why]

Ask Jerome, point blank, if the Federal Reserve is manipulating financial markets by purchasing stocks and/or ETFs directly or indirectly.

[hiden]

they keep draging this shet for so long

[franceslinhart-rucks]

federal reserve needs to be gone out of government ///we need to work only the exceuse is always no experience so how do we get this when no one hires you

[achilles]

WHAT ABOUT YOUR CRIMINAL BEHAVIOR POWELL?

[tonyt.michaels]

Who is Powell's boss? Answer:The stock market. They already told him they expect one quarter point increase. Bank on it.

[anonymousliberty]

So around 59:00 mark they're talking about cryptocurrency, sounded like they want to centralize a decentralized currency. Was quite amusing.

[JasonLiske]

The intro few minutes I’m like STFU. Where did they get this ex smoker to try to relate to the common person?

[fishtailwing]

나 김용환이 하는 에너지. 수소, 천연가스, 석유, 재생에너지 모두 고리사채로 한다. 전세계 모두 그렇게 한다.

[AshleyTDaylee]

Just talk to a regular person going threw ?