Powell speaks on Federal Reserve decision to cut interest rates

After the Federal Reserve announced a 0.5% interest rate cut, Fed Chair Jerome Powell stated that the economy is strong and has made significant progress over the past two years. He noted that the labor market has cooled from its previously overheated state, reflecting growing confidence that its strength can be maintained.

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[MrTom-klhy]

The aberration was way too low rates for way too long. Rates are near an historic average now and should not be lowered.

[MD-mmzv]

Crows about inflation down a bit.

Actually, a weak economy has become more important than inflation.

No one lowers rates in a strong, booming economy.

Of course, neither he, nor the democrats, dare discuss the baked-in inflation now accumulated over this lousy administration.

They’re not giving anyone a 30-50+% discount on common goods and services to offset recent inflation effects…are they?

And what’s happened to the consumer’s purchasing power in that same time?

They’re not going to talk about that either…

[PS]

Ain't it funny how this always happens election time lol, they think we're just bunch of sheep

[JackSmith-xvmx]

The US economy is likely to decline, and the Federal Reserve has not withstood the pressure

[MilankaMilosevic-lu]

Millossevick : i dissagree that the laboure has coolled, because, in my opinion, our laboure market has allways been coolled, only governement data hide it, and i m unhappy with the low level of participation in to the labour force in America 👏👏👏🇺🇲

[lastharvestPDR]

The Lord said, on May 22, 2024 "they're cooking the books" we're on are on a collision course for a Great depression likened to 1929.

[MilankaMilosevic-lu]

Millossevick : i dissagree that the economy has made progress because of our debt exposures, higher borrowing costs, in that sutuation, in which we are over exposed to debt, higher borrowing costs are a SHIELD for us, in that situation ! 🇺🇲

[pammysaylor]

But they are worried about unemployment rate, especially considering the mass increase in immigration.

[leejones]

Yeah!!!! Thanks for the rate reduction. Its about time!!!

[Coral-reef.]

HE CUT IT BY HALF OF A PERCENT 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

[JerzyNowak-]

I think lower interest rates may lead to inflation coming back. Lower rates will likely weaken the US dollar. I think that market expectations should rather not dictate the conditions whether to cut or not.

[LesterChamberlain-qf]

You listen to this guy's bulshit. Yeah prices are high and we're losing jobs every day. This is nothing but a political move is to say that everything is good. When everything starts going through the roof again after this election cycle there will be buyer's remorse for voting for these people😂😂😂😂😂😂😂

[SHERMAN]

1/2%?! 😂😂😂😂 they know kamala will win, so we are going to be ruined for another 4 years, well I have to go gas prices are going up un 50 days !!

[dorthahise]

In my opinion<, based on what I learned in my college macroeconomics class, lowering inflation through cutting interest rates could actually hurt the middle class because when the FED lowers rates, borrowing becomes cheaper, increasing demand and pushing prices up. While lower rates might stimulate the economy in the short term, they risk driving up inflation in the long run, as demand would outpace supply. If the FED continues to print money and keeps rates low, inflation could spiral out of control, and our economy could face instability. Historically, when the FED lowers rates, it may boost GDP temporarily, but it can lead to long-term inflationary pressures. Anyone feeling the impact of these economic shifts should consider long-term trading strategies to protect their assets. My advice to anyone feeling the heat in this inflation, just trade long term more than ever, I have made over 520k from day trading with Francine Duguay in few weeks, this is one of the best medium to backup your assets incase it goes bearish..

[JerzyNowak-]

I hope that Trump will fire Powell. TRUMP 2024! ❤