Federal Reserve Chair Powell speaks after Fed cut interest rates by a quarter point — 11/7/24

Federal Reserve Chairman Jerome Powell delivers remarks following the Federal Reserve's two-day policy meeting on Thursday.

The Federal Reserve approved its second consecutive interest rate cut Thursday, moving at a less aggressive pace than before but continuing its efforts to right-size monetary policy.

In a follow-up to September’s big half percentage point reduction, the Federal Open Market Committee lowered its benchmark overnight borrowing rate by a quarter percentage point, or 25 basis points, to a target range of 4.50%-4.75%. The rate sets what banks charge each other for overnight lending but often influences consumer debt instruments such as mortgages, credit cards and auto loans.

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Federal Reserve Chair Powell speaks after Fed cut interest rates by a quarter point — 11/7/24

[_qpiidTV]

1:24: Introduction and Economic Overview
2:51: Monetary Policy Adjustments
4:01: Labor Market and Inflation
5:42: Monetary Policy Goals and Risks
8:11: Impact of Election on Policy
11:32: Economic Activity and Inflation Data
13:13: Interest Rate Outlook
15:11: Statement Language Changes
16:30: Uncertainty in Economic Forecasting
17:13: Impact of Fiscal Policy on Interest Rates
20:22: Current Economic Conditions and Policy Stance
22:04: Considerations for Future Rate Cuts
23:17: Inflation and Economic Indicators
26:17: Approach to Achieving Neutral Rate
27:05: Labor Market and Maximum Employment
29:16: Wage and Inflation Discussion
30:36: Comments on Resignation
31:01: Economic Outlook from CEOs and Officials
34:02: Concerns About Fiscal Policy
35:43: Risks and Economic Uncertainties
38:12: Inflation Expectations and Bond Yields
39:39: Public Perception of the Economy
41:14: Stagflation and Interest Rate Hikes
43:29: FED's Inflation Targeting Approach

[Raniyanhunter]

The Federal Reserve halted rate hikes, which is a very bold move by the Fed to stimulate economic expansion, ease financial conditions and address inflation concerns with potential benefits for consumers. The major concern for me and I believe every other investor is on opportunities present in the market to enhance overall portfolio performance

[MatthiasKlaasen-ud]

Tesla “TSLA” shares surge with CEO Elon Musk's involvement in the US election seemingly pays off after President-elect Donald Trump's win. which stocks could potentially become the next in terms of growth over the next few months. I've allocated $350k for lnvestment, looking for companies to make additions to boost performance.

[MapleLaffelle]

I want to reallocate around $80K worth of stock in my portfolio, but I'm unsure of what the feds are doing with the interest rate and with Inflation roaring. what's the best strategy to do this and set up my financial future?

[AndreAlbritton]

For new investors: Buy stocks in solid companies and hold them as long as they stay strong. Ignore forecasts and market opinions—they’re distracting at best and useless in the long run

[ChloeCarter-kdgz]

Powell is a remarkable economist, consistently adhering to key principles that reflect both wisdom and integrity.

[swamygee]

The most important question is at 30:35

[Emily-leop]

I'm ecstatic with Trump's victory and the year-end market surge. Which hidden jewels in the upcoming bull run would you buy with 150 grand right now? My goal is to position myself for a prosperous Q1 in 2025.

[soultree]

Thank you for making sure I can earn less on my savings while I spend more in real life

[sybentley]

Jerome Powell appointed by who in 2017?
A little bit of information often helps.

[melissaking]

Jerome Powell is a model public servant of immense integrity and dedication to duty. Also, at 30:35 I love his strength and defiance by refusing to resign if DT asks him. He's not scared of DT's mobster tactics or his henchmen. Bless Jerome Powell! 💙

[valoriefalorie]

Sadly the mortgage rates and grocery prices have not fallen down and they have raised… inflation is increasing especially housing market - what the hell is going on?? Is there any respite from high home prices????

We need to increase interest rates and not cut them?

[JohnnysWorld]

I don't consider prices going up 2% a year stable Mr. Powell. Funny you do. Answer me this, why 2%? Why not 1% or 2.2%?

[beardedbeekeper]

16:46 -" We know what destination and we want to go at the right pace because we don't know what the destination is." ...

[IbrahimKone-ixqi]

!!I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $2m+ before retirement.

[amyrankin]

If the economy was really that great we would not have a such a flip in terms of Legislative and Executive branches of government. The polling (unsure of the specifics) I saw the day of the election showed that over 70% of US citizens are not happy with the economy. Just who exactly is this "great" economy benefitting? Is it perhaps time to evolve the way economic impact data is polled, reported and analyzed to be more accurate? How have we been using the same number of sample sets of 60k households for the unemployment numbers since 1954 when the number of Americans has more than doubled and there are so many other avenues to gaining more accurate data on key stats like unemployment?

[DonalvonMinice]

Appreciate the detailed breakdown! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?

[dooley_walker]

Thank you Mr Powell because fir keeping rates high enough that my emergency savings have increased 6.1% over the past two years staying above the current inflation rates.

[everythingUTrealestate]

One of the best chairmans of all time love this guy

[JohnnysWorld]

Thousands and thousands of layoffs and yet the unemployment rate doesn't change. Reminds me of the old SNL skit "Really"