Fed Chairman Jerome Powell holds press conference after rate decision — 7/28/21

Federal Reserve officials on Wednesday updated investors and economists on how they are thinking about inflation and employment in the United States. The central bank decided not to raise interest rates from near zero nor adjust the pace at which it buys government bonds each month. Chairman Jerome Powell addresses inflation in a press conference at 2:30 p.m. ET.

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Fed Chairman Jerome Powell holds press conference after rate decision — 7/28/21

[harry-fltf]

2023
Powell : inflation is transitory!
Big Mac = $49
Small French Fries = $20
Average American income = same since 2007

[vic]

There it is: this transitory inflation will stop, however, it will not reverse.

[Bon-Gi]

I work in Transportation. These “transitory” bottlenecks are not transitory.

[yuvrajmakjhaj]

Honestly, I tell this to my friends everyday. It's good to save money but you gotta have that investing spirit if you really want financial Freedom

[konreww]

Not one real question between these “journalists “

[sithukyaw]

He looks like someone lying about his credentials at his first job interview

[junyongpark]

시장실패를 인정하고 선언하여
시장실패 산업금융을 제공하야야합니다

[roelofh]

It will stop when the bubble says pop. For the time being we hired a clown with a tie talking nonsense to entertain the people so they stay calm...

[GaugeLiveSteam]

Bernanke said he had a handle on everything too. Stock up on food, water, ammo and gold.

[yehimstone]

Inflation hurts those in lower income most

[jaym]

Dual Mandate: Make rich, filthy rich and poor, dirt poor by 'transferring' 2% (cough, cough) per year.

[Pquinter]

“It’s only inflation if it continues indefinitely…”

“Could you define what you mean by indefinitely?”

“Let’s talk in 10 years. For now there is no inflation and rates will stay low.”

[TheBreezus]

This Inflation doesn't seem transitory.

[nobodyxxxxxxx]

Lot's of words for nothing to say

[kriswalter]

My health care premium went up 30% this year. Is that in your inflation calculations? What would inflation be if hedonic adjustments were removed and real prices to real people were used in the calculations, including food and energy.

[Hopeful-passenger]

Its not that they won't do anything, its that they cannot do anything.

[STROBdotNET]

32:51
wow, the concept of transitory explained!

[MA-gvwg]

Powell’s going to get axed out of position when the bubble pops and we go into hyperinflation.

[pursuit]

They weren't under capitalized! They were over risked and over leveraged! There is a difference, and you don't get the solution by misdiagnosing the problem.

[kevinraimond]

Keep puffing up those asset bubbles JP.