Fed's Powell warns of 'some pain' ahead as central bank fights inflation

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[oopsitraveledagain]

If you include Gas, energy and rent, inflation is well above 10%, its probably more than 20%, especially with rent in the US now being above $2, 000 for an average apartment.

[eyelovecolorado]

Apparently Fed chairman Powell has some balls after all! Let’s see if he actually follows through. I highly doubt it.

[Pepeekeo]

What does “some pain” mean? It means lower incomes, higher prices, lowered standards of living and more scarce resources. During this transition to owning nothing and being happy about it, the pain is your wealth being stripped as the economy is intentionally diminished.

We will not be able to afford much; we won’t be able to afford the foods we want; we will not be able to purchase anything except the essentials, and those essentials will cost much more; we won’t be able to vacation, travel, or enjoy recreational activities; we won’t be able to afford any indulgences; but at the end of the process, we will learn to live more meager existences based on lowered expectations needed for sustaining the planet. Pay no attention to the elites who don’t have those concerns, comrade.

[thetruthyouneedtohear]

All that canceled student debt contributes to increased inflation. This is how you know they are full of it. This has nothing to do with inflation.

[Bob-ut]

Maybe the government shouldn’t spend as much or give out so many freebies which created the current inflation

[ajshaka]

It is so frustrating that housing and energy arent included in inflation stats.

[theonewhoknocks]

"the burdens of high inflation fall heaviest on those least able to bear them" - Sherlock

[Yoshi-rtzf]

This man has been wrong so many times in his previous speeches with "transitory" assurances. Are there no one else who can do the job better or we just stuck with him? Either way looks like we're screwed

[realitybites]

How’s that bull market looking now Cramer?

[joshrRealAmerican]

Economy is tanking. Can't keep dumping Federal money to save it. We need to be friends with our private industry, not small minded socialists.

[jaywalker]

DC math is great, last week they stated food cost were up 13%, I see many items that for instance were 3.25 now are 5.00. Cat and dog food is up 60% in last year. Also a lot of store shelves are empty, however now that all those students with the basket weaving degrees are getting ready to work it will be ok.

[ranran]

NEVER in history has people followed and watched the fed

[Wall.Street.AV.]

He just realized that the slow down in the hikes will hurt the households and business in the long run, he prefer to cause some pain in the short term but "fix" the inflation once and for all

[xrpo.g]

Crash the markets already so us investors can buy it all up

[marcuse]

And adding in free education loan credits will sure help with inflation 🤦🏾‍♂️

[Sonofawildanimal]

AKA, we’re going to ride this out as a country over time and it’s not that bad. Don’t expect a crash in the housing market or crisis in the financial system. The Fed, led by J Powell, is going to sit back and observe while they collect their huge salaries and life long financial benefits.

[theta]

New study shows an alarming link between being a conspiracy theorist and not having Myocarditis

[gregbussey]

Instead of "moderating demand to meet supply", how about you tell those in charge of economic policy to "increase supply"? This is not as much of monetary problem as it is an economic one.

[ghelgi]

It's even harder to handle inflation when you're out of a job, your investment savings are destroyed and we are being told that the pain will continue. They bailed out all their friends with COVID bailouts and are now crushing the average American.

[rodrigocortes]

Translated in English….. we fuxked up and now we gotta keep raising interest rates before capitalism self destructs