LIVE: Fed Chair Powell testifies before House Financial Services Committee — 6/21/23

Fed Chair Powell presents the Semiannual Monetary Policy Report to the House Financial Services Committee.

Federal Reserve Chairman Jerome Powell on Wednesday affirmed that more interest rate increases are likely ahead as inflation is “well above” where it should be.

“Inflation pressures continue to run high, and the process of getting inflation back down to 2% has a long way to go,” he said.

Powell said the labor market is still tight though there are signs that conditions are loosening.

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LIVE: Fed Chair Powell testifies before House Financial Services Committee — June 21, 2023

[simonbad]

What happened to SVB is really scary, and goes to show that no corporation, however big, is immune to collapse. I have always had a deep-seated mistrust for corporations. I have plans to pull out most of my money, but don't know what to do with $350k sitting idly. I'd like to go into the stock market, maybe. Any ideas?

[Raymondjohn]

We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.

[networth]

I am glad to see that Ms. Waters can read the speech prepared for her.

[transformationofthebride]

They point all the reason for the inflation except the most important one, the irresponsible government spending.

[leedavis]

Roughly £120k in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.

[Serious-Man]

Irrelevant questioning for the most part. Congress showing they are not serious leaders.

[forthebetterfutureofworld]

The only reason inflation is so big is money printing by Fed and it is being to slow of starting money tightening

[detectiveofmoneypolitics]

Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank ❤

[denisdavid]

My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in US.

[teresabarnes-matych]

END THE F ING FED FOF ONCE AND FOR ALL! Why do these questions sound So Highly Scripted and Robotic?

[mikem]

Maverik of Wallstreet incoming video please.. this congressional testimony is COMEDY GOLD.

[gregnewman]

So lets to something to stop the failures.

[Ryanwagner]

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[Kanne]

"...So banks are well Capitalized if consumers continue to be LAZY AND STUPID..." Powell agreed

[fromthepeanutgallery]

For decades the banks have used depositors money, got 10 to 20% interest by investing it and paid us 0.01% interest. plus 10 to 30% interest on credit cards. Mortgage interest, bank fees. They make billions every month. But, times are changing. This is what Crypto and the likes are all about, to put an end to that.

[Freedo]

Your intention to raise rate is malicious and intent to cause chaos in financial market worldwide !

[Vik_Singh]

Will Powell make or brake the market today.🤔🤔🤔

[julesnewtonnash]

Yashmeen buddy, I would be wrong but they sayin that Humphries is the owner of Compugen Autopsies - are you sure about that at 3:25 and 3:39/21:13 Prince Charles full interview with George Stroumboulopoulos ?

[rrssmooth]

Can you believe, the panel believes what Powell is saying. LMAO.

[julesnewtonnash]

Cyprian my friend, how would cristopher salvi fare at a testimonial hearing? doesn't seem as he got much Time with Truss - we re-packaged the Double Decker Burn Out into the Grenfell Burn Up for Cameron -