Fed Chair Powell: Inflation remains too high, and the labor market remains very tight

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[JaykeTurner]

I used to think every investor lose out during recession, meanwhile some make millions. I also thought everybody went out of business during the great depression, but some went into business. Bottom line, there's always depression for some, and profits for others. it all starts with having the right mindset. That said, I've set aside $265k for future, unfortunately I'm a complete noob.

[oneiljerry]

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[johnlennon]

The way I see it this recession most likely has an external cause. The United States is losing influence as a federal currency for the first time in decades. They don't have any more economies to utilize to control their inflation, and less money is being spent on stock and oil trading than previously. They all lend credence to the hypothesis that a new multilateral world order may be in the works.

[ortegasjenna]

In parallel with escalation in the recent years, the recession is now the 'most likely output for the economy' and i cannot imagine being a victim of circumstances, my portfolio got a big hit, holding it further wont be any good, ive heard of people acquring hundreds of thousand even on red seasons, how can I certify this?

[anthonyrussell]

Investors can’t predict the future, bearish periods automatically give way for a new set of stocks to buy and watch while setting the stage for a new profitable uptrend. I have come across articles of people that grossed profits up to $250k during this crash, what are the best stocks to put on a watch list or buy at the moment?

[bsetdays]

My opinion is probably heretic, but I really believe Jerome Powell is working based on reports on inflation figures. We can't really tell what will follow until after the inflation result comes in this February. Meanwhile, historical data have proven time and time again that stocks will always outperform bonds in the long run, so I'm sticking out my guns and I'm remaining in the market. I just need to pick out quality stocks, and I'm good to go. The problem is how to find them.

[graceocean]

I'm really worried about the current bank crisis. If a bank as big as SVB could fail, I fear for a lot more. I know a friend who is running a high-growth startup, and was badly hit by the bank run. I have pulled out more than $340k from my bank. After all, the FDIC covers only up to$250, 000, and the implosion could have bad effect. Looking to invest into the stock market now. Does anyone know how I could go about it?

[TheMacroSlacker]

"We caused a major ****storm of a problem for working-class people, but luckily we do not care about working-class people." "We will now try to very slowly fix the massive problem of inflation that we created. We will have to do this by increasing unemployment and causing a recession" But oh if some big poorly managed banks start to fail, we will make sure not one cent of a rich idiot's money is lost no matter how mismanaged. Heaven forbid some brazen irresponsible tech startup should lose money. Lets bail them out at the expense of the banking system and ultimately the consumer to avoid a contagion that we were trying to cause. It's OK when average people become unemployed but it's not OK when rich people's deposits are on the line?

Edit: censored myself so this doesn't get deleted.

[edwardmeade]

He keeps talking about the job market and wage growth but refuses to acknowledge the even greater contribution of inflated profit margins to the current inflationary cycle.

[carter]

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

[nothingmatters]

Looking at them. They openly said they want people poor with no jobs. Perhaps we can start by laying them off first.

[MemeBaby-dkpl]

You think with an incompetent president in office, you'll have a good economy...?
🤣🤣🤣🤣🤣🤣🤣🤣

[joaocardoso]

Time to let Powell go and bring someone that can do the job

[arigutman]

The year ahead will surely be bumpy, but fortunately, long-term investors will reap a benefit of opportunity!

[truepersona]

If the US Fed prints money to save USA banks then under the clause of EMINENT DOMAIN they need to compensate all the US citizens for the financial devaluation they are causing since 2008 otherwise citizens are DOOMED.
ALERT.
Switzerland’s emergency rescue of Credit Suisse bank could cost $13, 500 for each and every Swiss person !

[Beaconwarriorsaint]

Government and business keep showing us they are guilty of crimes against humanity yet we divide for them anyway. Smh

[nicolehughes]

It seems like this is getting out of their control. It is going to be difficult for them to compete against better currency options.

[jessicacobbs]

My life has changed. Thank you Jesus. $32, 000 weekly profit Our lord God has lifted up my Life!!! , Glory to the eternal God Almighty.

[gilbert]

Price is too high. Housing price is too high.

[mattweger]

Translation: " we printed too much money and gave it to tyrants "