Fed Chair Powell Testifies Before House

Federal Reserve Chair Jerome Powell testifies to the House Financial Services Committee. Powell said he believes inflation is receding, but isn’t yet confident that price gains are sustainably slowing to the central bank’s 2% goal. Other topics included Basel III, regulations and Fed independence.
#politics #business #fed

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[SantosCliff]

Fed Chair Powell just testified before the House, and the stock prices plummeted. It's incredible how much influence one person can have over the entire economy. As the head of the Federal Reserve, Powell's words can send shockwaves through the market.

[MrTigerStarX]

Powell is as calm and collected as the President of the United States should be.

[josephking]

How can Powell possibly say that he thinks inflation will come down to 2% when Govt. spending and deficits are ballooning and this money has to be borrowed, which means it has to be created. He already mentioned that Govt. spending and the debt that comes with it are unsustainable. More created dollars equals more inflation. Expanding Govt. spending is fueling inflation.

[Heru]

Thank you, for Sharing This is Great Data, 👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾🙏🙏🙏🙏🙏💎🌟👑💯⭐️🌟

[Scymaster]

in his diagram it shows that he wont cut rates till mid 2025

[destro]

Why is Maxine Waters talking about DEI? This should be about the economic health of the USA not racism. She stuck on another topic. Cringe

[MrTigerStarX]

39:27 - "Clearly, the neutral rate must have moved up..."

[davidanalyst]

The ENTIRE OFFICE REAL ESTATE MARKET HAS CRASHED 50%. Housing is steady at 400% of what houses in the USA should cost, given nobody can afford them. Jerome Powell needs to put on his big boy pants, and jack up the rate until housing crashes. "If you give the power to inflate and deflate the currency to the private banks (federal reserve) then you will all grow up homeless in the country your forefathers conquered" -- THOMAS FCKING JEFFERSON 200 YEARS AGO TOLD YOU HOW TO AVOID THIS PROBLEM WE ARE CURRENTLY IN.

[Them-et]

I'm sorry, guys, but I can't take Ms. Water's seriously.

[noremacmada]

1:36:14 - I think if the landing is anything other than soft this question will be asked by academics for ages
2:57:06 - Theory: Describing "longer term" and providing a market based measure of inflation therein

[granola_mall]

Are you working only for America or only for the rich upper class? Why do countries around the world, other than the United States, continue to use policies that turn your neighbors into beggars?

[Thisishard]

I am on Biden‘s payroll so I will be cutting rates. To make you think things are getting better. So please go vote for Joe Biden.
Jerome Powell

[TKsolotravel]

she is a broken record on diversity and inclusion but neglects a person best suited for the job should be the focus!

[gercilaineribeirodecarvalh]

Help BRAZIL please. We need economy governor. Please