Fed's Jerome Powell: Inflation remains too high and path forward is uncertain

Fed Chair Jerome Powell speaks following the Federal Reserve's Federal Open Market Committee's decision to keep interest rates unchanged, and provides updates on the Fed's fight against inflation.

[georgemaximus]

The fed has certainly made considerable stable HIGH prices for the American people. Good job

[ViewerC]

But but my realtor said 6 rate cuts 😂😂😂😂😂😂

[Sola-Scriptura]

One bedroom apartment, no parking spaces $3500. Gasoline $7.00 per gallon. One dollar tacos, now $5.00 each. Biden and Kamala ; "The economy has never been better"

[sssnipermonkey]

It’s expensive to be poor. American 1099 trucker earning 55k a year and working over 48 hours a week.

[Seanpfree]

This is THE END of first time home ownership and the slow death of the middle class in a generation.

[rfvpuce]

Unsure and uncertain is all I hear….its all they know!

[TristanMiller]

A bunch of BLAH BLAH.... I'm so over all this crap the government is doing. No one can afford a house anymore with these insane interest rates.

[prolific]

"2% over time" just means the Political Reserve will keep moving the goalposts to get Biden reelected.

[ryanbosak]

Huh so every American needs a 2% raise to keep up with inflation?

[GoodDeal]

Wow! Does the Federal Reserve not understand the extreme high cost increases of residential home prices and rentals, and food? Does the Federal Reserve not understand the connection between high interest rates and these high cost of living?

[rogertrujillo]

How do you factor in the amount of money that will be put out of circulation in the US with every immigrant that did come to work and that will sacrifice themselves here to send much needed money back to their families in another country?
It is honorable to maintain their loved ones there, but every dollar earned here but not spent here is a deficit to the economy.

[MangosInTrees]

just lower the rates, companies are still gonna keep raising prices

[billcarney]

If JP had started increasing rates 12 to 18 months sooner we wouldn’t have a problem of this magnitude now.

[nevillokapi]

BASEL3 IS IMPORTANT TO FED..AND PART OF BASEL3 IS GOLD AS A TEIR 1 ASSET

[krishsharma]

MAXIMUM EMPLOYMENT IS NOT LOW UNEMPLOYMENT lol FED is wanting the unemployment to go up and then they will consider cuts! He can’t say that but he did technically say it in this meeting.

[chorlauheung]

Jerome needs to go now!! He has no clue as to how to stop the inflation from continuing! His words, "inflation is still too high, not assured, path not certain, " all say that he has no solution to the problem!

[rajama]

I think Powell is dodging the issue of illegal immigration contributing to the increasing inflation with the taxpayers money being re-directed to sustain those migrants instead of utilizing those resources to offset other issues that are pushing inflation higher.

[albertr]

I think another rate increase would be wise. Inflation is starting to look sticky and employment is strong enough to handle it.

[CobraPR]

Incredible that people give this Gov official any credibility. If you need to take out alone because of a few basis points or if your investment decision is based on this - U ARE INVESTING IN A OVER PRICED MARKET & U WILL PAY AT THE END.

[geckobrah]

Inflation target should be 0% for a few years to make up for the excessive inflation over the past 2-3 years. Make it average out.