Is an economic depression on the horizon?

Chicago Federal Reserve Bank President Austan Goolsbee discusses the Federal Reserve's efforts to stabilize the economy on 'Your World.'

[ElizabethMoore-kh]

I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $50K per year but nothing to show for it yet.

[cheesygoodness]

Won't they just cure it by changing the definition of depression..? Problem solved.

[edherrmann]

With many people struggling financially especially when they used what little savings they had to live. Such essential things such as food, rent and energy costs, people are strapped and are living hand and mouth. Our government and democrat policies are killing the American family and single person household. The feds policies are not in step with what is actually happening. We are in a severe recession, however, for many people it is a depression because many jobs have dried up. Just because the elites don’t feel it happening, doesn’t mean it’s not. We are well beyond paycheck to paycheck and it was all caused by bidenomics.

[almostontimehero]

A soda is at $2.68 but the economy is fine? Same soda was $1.04 20yrs ago. By next year, a soda might be $3.

[Puddlepiratesince]

What a waste of news time to invite the Fed to talk about what the Fed is doing.

Quote by Henry Ford
"Its just as well the American people dont understand how the financial institutions work, or im certain there would be a revolution by morning"- Henry Ford

[amccann]

Trump's point was, if we keep the course, we are headed to even worse times.

[RageTheMachine]

The depression won’t be speculated upon until we are actually in it. It’s common sense. If Harris wins the depression is on

[craigforest]

*Sure doesn’t sound too positive. Sounds a lot more like he agrees with Trump but can’t say it.*

[BearKiller-zp]

They bringing back Beavis and Butthead

[drillersmokey]

Does anyone else feel that the big market players are controlling the markets for minimal fallout for the presidential race ?

[drsous]

They will put band aids on it till November and then let it fail and blame it on Trump.

[invinoveritas]

Runaway inflation has depreciated our country currency.😳

[joey]

the people at youtube is quick to delete my comments.. hey youtube get a life

[matthewrios]

Neal The middle class has been in a state like recession and oppression for a few years now. The stock market is not the only barometer

[TheDude]

Remember when trump said the stock market would crash and we would have a depression with JOE? HUM. How did that work out?

[billmartin]

Asking the same people who told us, "This inflation will be transitory! No big deal! There's no reason to take action!"

[sybillindsey]

Boy, that's how you not answer by changing the question and leaving everyone confused.

[gregorychapman]

I can’t even afford to buy my Twinkies

[MilankaMilosevic-lu]

We need To raise interest rates to catch up with the markets ( we need to raise Borrowing Costs )

[Brada-xlcp]

I know the state of California is worse case scenario but you should ask some of the people living out of their vehicles, miles long lines of vehicles along back roads and highways. They’d probably say we’re in a depression. If you told them we’re sending 100’s of billions worth of weapons and cash to to places like Ukraine and Israel they might be a tad upset not to mention the millions of illegal immigrant living on the taxpayers dime. America last pretty much is the new norm I guess. 🤬