Fed Chair Powell: 'We won't go back to that era' of very low pandemic rates

Показать описание

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

Connect with CNBC News Online

#CNBC
#CNBCTV

Рекомендации по теме

Комментарии

Thank you Fed Chair Powell for keeping rates up. You're one of the few in the government maintaining sanity and being responsible with finances.

KK-pmud

Much damage was done to our economy by artificially low rates

fastmph

Powell wasn't just talking about the pandemic rates. He referred to post GFC as well.

rh

They also said inflation was transitory 🙂

mr.impact

To protect the reserve currency status of the dollar, the US will need to have elevated interest rates indefinitely, at least in relation to other G7 currencies.

paulattaboyatreides

Just a reminder: over the last 60 years the 10 yr T-note averaged 5.9% and the average inflation rate was 3.8%. So even with the higher prints we've seen we are back down below the averages. We are basically back to normal. It just doesn't feel that way when "easy" was all you've ever known coming out of the Bush housing recession.

Fried

I didn't know it until recently, but if you look at a chart of the federal interest rates going back to the 1960's, interest rates are still relatively low right now. They only seem high because since the crash in 2008, they've been extremely low, and that's what we got used to. They peaked around 20% in the early 80's. So as difficult as it seems to buy a house with such high interest rates, we really don't have much to complain about.

philochristos

Market Adaption With Better Rate Is The Only Way To Achieve An Fully Recovery For The World And Its Economy . Sincerely❤❤❤, KNT.

knt

you heard it folks it's your new normal you better start learning how to use Monero

oooboo

In the US, it's really the 10 year and the Fed doesn't control the 10 year. That is very low based on historical averages and given the inflation prints we have been seeing. If we were back to "normal, " the 10 year would be more like 7%.

KungPowEnterFist

I need my money now, we don't have time

abgzulkifli

Powell is a wise, and noble man. Hopefully Trump does the right thing when he gets a second term.

KennethW-jgtw

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?

granola_mall

How anyone listens to this habitual liar is beyond me. Everything he’s said about inflation has been a lie. “Inflation is transitory” come on people. I know your attention spans are that of an ant but think hard

justinsmith

Fed Chair Powell: 'We won't go back to that era' of very low pandemic rates

Fed Chair Powell: 'We won't go back to that era' of very low pandemic rates

Fed Chair Powell: We likely won't be cutting rates until next year

Fed Chair Jerome Powell, 'confirmed we won't have a v-shaped recovery,' says strategi...

Fed chair Jerome Powell: We haven't thought about buying equities

Fed Chair Powell may say interest rates won't go up for five years: Investor

Fed Chair Powell: The US won’t have negative interest rates

Fed Won't Raise Rates Until Taper Is Finished: Powell

Fed Chair Powell won't declare victory on inflation anytime soon, says Jefferies' David Ze...

Fed Chair Powell: ‘We will not be a climate policymaker’

Fed Chair Jerome Powell: Negative interest rates are not something we're considering

Federal Reserve Chairman Jerome Powell says he won't resign if Trump asks him to step down

Fed Chair Jerome Powell: Temporary inflation doesn't need a monetary response

Jerome Powell won't last as Fed chair: J.P. Morgan economist

Fed Chair Powell: We don't see ourselves running into reserve shortages

Fed Chair Powell won't support interest rate cuts in December

Fed Chair Powell 'won't rule out' a recession

Fed Chair Powell: We don't have to worry about the U.S. budget, that is not our job

Fed Chair Powell: We would want core inflation to be coming down

Fed Chair Jerome Powell: We feel like our communications are working

Trouble with regional banks won't change Fed Chair Powell's mind on rate hikes, says Jim B...

Fed Chair Powell: We don't want to be involved in politics in any way

Jerome Powell: We've talked about maintaining duration, but it isn't high on list of possi...

Fed's Powell: We don't see ourselves as having the confidence that would warrant loosening...

Fed Chair Powell: Given our outlook, I don't see us cutting rates this year