Fed Chair Powell: We will see inflation move down this year, but my confidence in it is lower

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Federal Reserve Chair Jerome Powell takes questions from reporters after announcing the central bank will leave interest rates unchanged.
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Powell knows that the economy is finished, and stagflation is upon us. He just doesn't want to cause a panic.

iveyhealth
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Corporate America got a taste of what it was like to raise their prices willy nilly under the guise of "supply chain problems". Now they don't want their profit margins to shrink.

They won't lower prices, as such, inflation will remain high.

Space_Cowboy
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The Eliist should ask their driver or maid how it is going with inflation.

mikec
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Settle for 3% bro 2% is non existent for the future American economy

jjbdbd
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Yeah we love spending 37 trillion. It does great for the country. Nope! No signs of any problems here. Doyyyy!!!

davidthelen
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Judging by markets in green, Fed said the right things.

dinosaurdude
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This guy has zero idea what he’s doing

curtisc
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I bought my house in 1975 with a 9% interest rate and a baby on the way. Only income was mine. We still made it ! Times were much tougher back then! Powell is holding the country back!

Gonefishin
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Thank goodness this inflation was just transitory. 🤦‍♀🤦‍♀🤦‍♀

LizzyBreen
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Keep rates high Make a great return on cds

pauldietzmann
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Maybe he'll be right this time, but I’m not betting my financial future on it.

ace
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BASEL3 IS IMPORTANT TO FED..AND PART OF BASEL3 IS GOLD AS A TEIR 1 ASSET

nevillokapi
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I don't know. If anyone knows, please let me know. What day did the master's live start? What I want to know is how many days a week it works. I'm a foreigner and I want to know. Please help me.


ydsuwrr
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Joe Biden will tell him to drop it when it’s needed

austinmclaen
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Like HYIP but anuity daily.
Debt=40, 000B Yield=5% Year=1
Debt(1 Year)=40, 000B*1.05^1
Debt(1 Year)=42, 000B

If Nasdaq Yield(Daily)=1% Day=240
Invest=42, 000B/1.01^240
Invest=3, 855B

Anuity:
240 Days=3, 855B
Daily=3, 855B/240 Day
Daily(Buy)=16.1B+-
Yield(Daily)=1%
Yield(240 Day)=3, 855B*(1.01^240)
Yield(240 Daily)=42, 000B+-

Thank you.

ibrahimseth