Fed Chair Jerome Powell delivers semiannual monetary policy update to US House

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#JeromePowell #Monetarpolicy #inflation #interestrates
Federal Reserve chief Jerome Powell delivers his regular semiannual monetary policy update to U.S. House Financial Services Committee.

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The most powerful man in the world, the Fed chairman did not listen to the SOTU address because it does not matter what a president says . It is the golden rule, the person with the gold (money) makes the rules!!!!

ofanunknownentity
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A bunch of wasteful talk. Question: why hasn't he given us at least a 5% rate hike LAST YEAR?

realeconomy
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Saben que tasa de interes anunciará Powell hoy? una estimativo?

chacramithrandir
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what time stamp does
what time stamp does he talk about crypto and rate hikes?

TheArtoftheheart
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Who knows the direction of us3oand gold after or during this ???

tabiarts
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The circus is here and I like the main clown mr. Powell. He will make me rich.

prygler
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10:00 Dollar and digital USD and crypto

Decocoa
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McHenry should change his name to Mc Goo !

grantdenniston
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This is pretty embarrassing for both sides and a waste of time. As the title indicates it is a policy update not a stage for either side to voice their narrative. Both sides should just shut up let him give his update and leave.

brousw
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FTX crypto business for sale cheap. Includes Bahama property.

Realliberal
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I think the Fed should begin rapid balance sheet reduction first, before raising any Fed interest rates.
The current inflation is due to the Ukraine war, Covid-19 disruption, and deglobalization, which cannot be solved via interest rates.
Raising the interest rates will only let ordinary people suffer more, especially with the increase in the mortgage/rent payment.

For ordinary people, the effect of double the mortgage/rent payment is much higher than double the energy & food bill. People can go through the unavoidable increase in their energy & food bills, but why should the Fed add a much heavier layer of higher mortgage/rent to them quickly before they can go through the higher bills first?

The rapid expansion Fed balance sheet via the QE program is unhealthy, and it mainly helps the people in the financial world, while the interest rate affects the living cost of every ordinary people.
I think the Fed should start the rapid balance sheet reduction first, while raising the interest rates only after the reduction is finished and give some time to the ordinary people to let them have enough income to pay for their monthly bills.

Rates up first -> bonds price down -> later Fed reduce balance sheet with a lower price -> public Fed lost money to private bankers.
Reduce balance sheet first with a normal price before rates up -> public Fed do not lose -> raise the rate after balance sheet reduction.

MrFdfa
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the conflict in ukraine is causing hard ships and lost of wealth by inflation.. Who is getting rich.: I think fair question. Where is the one hundred billion in counterfeit money gone to?

Realliberal
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Crap she sides with Biden I've had enough

jasons
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Ms. Walters, has no idea how inflation is caused. God help us.

oscarvillarreal
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oil pushes the economy with low prices: delivery, air plane service, and a myriad of products. Oil is a platform in which we grow.
Trump had: $2 gasoline, 1.4% inflation, 6.5% GDP, low crime, building a border wall. Putin invaded during Bush, Obama and Biden not during Trump. NK Kim Jung Un had a rapport. Iran - no mas. Afghanistan was being properly phased out. Weapons should have been sent to Ukraine and now Taiwan to prevent a war. Interest rates blindly restrict the economy and are designed to destroy it. Destroy it they will.
I hope is Biden needs an emergency operation that they find the best black female to do it.

ronaldparsons
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He's had several years to raise the rates while markets were booming BUT they ( parlaments, lobbyists, central banks ) have focused on making the insanely rich even more rich and let the poor pay it all by inflation and in the end loss of pensions. There are statistics on how much the richest 1 procent has gained due to massive support from central banks propping up all their assets via zero interest rates and QE. The bottom 50% own very little and often they have student loans trying to compete in a global market who is way different then the dream like situation the older generations faced. Before working people could actually buy their homes in cash! What is he doing!!

silverandgoldare
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Will a solar flare affect all technological affairs connected to finances? Are we prepared?

Blancaamezcua
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Powell won't even define inflation for us. Does the guy even know what he is doing? He knows who gets rich when he prints money for nothing. And it is not you.

Realliberal
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GOD loved you enough to give HIS SON, so turn from your sins and believe in THE LORD Jesus Christ and be baptized in THE NAME of THE FATHER, THE SON and THE HOLY SPIRIT if you haven’t already

averythompkins
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Restore the f**king Keystone pipe and let the crude price down. WTF, Mr. Brandon?

gsyn