Fed Chair Powell on inflation: 'If we have to raise interest rates more over time, we will'

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#FedChairJeromePowell #interestrates
Yahoo Finance's Brian Cheung recaps Fed Chair Powell's testimony at his confirmation hearing before the Senate Banking Committee.
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Either way we are screwed. Higher interest, taxes, inflation. The average working American is soooo screwed.

goatrockhunters
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Raise the interest rate won't slow down the inflation, contrary it will raise the price more. Because this post covid inflation is different.

eka
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The federal reserve needs to actively begin raising interest rates to begin to blunt demand in a supply chain bottle neck causing rapidly increasing prices. Housing prices have gotten insanely out of control much of which is d/t extremely reduced interest rates.

kirancromie
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Well...we have hyperinflation right now....how about using the tools RIGHT NOW!!

nohopeequalsnofear
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If? Inflation is already at record levels. We already crossed their lines.. still they say 'if'. The US is doomed.

morganoox
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Should have raised earlier showing me it was by design. Nothing is a mystery here

MrJsv
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If the Fed thinks that Raising Interest Rates 1 point in a year is going to slow Inflation ? Then Powell is an even bigger idiot than i am .

dbrewu
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Long story short. There is to much corporate money involved we will never see a major crash below 34kbtc. I know 34k could be considered that big crash but never 0... we are talking maybe June July numbers at the worst just buy this dip or hang on tight either way don’t lose sleep and don’t panic sell

troyclark
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I WILL KEEP SAYING IT UNTIL IT CHANGES OR I DIE: 'We The People' need to rise up and pass a law that the US Fed has to have an annual economic inflation goal of zero percent (0%), NOT 2%. As America gets greater, a US Dollar should be able to buy more, not less. The US Fed with their 2% annual inflation goal are actually causing some economic and social problems in this nation and in this world. This is also a National Security issue as America and it's currency gets weaker in this world. If America's currency was to get stronger, more nations would want to utilize America's currency and it's ways.

charlesbrightman
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If BTC goes to low 41k I will move to stable coins and wait to re enter that’s all be diligent

troyclark
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Interest rates have been too low for too long. Borrowing money shouldn’t be cheap for anyone.

jimihendrix
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BRIAN HAS A VERY NICE SNEAKER COLLECTION

THAT IS AWESOME !!!!

BrandonClark-StocksPassports
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Fed Chief Paul Volcker had to raise interest rates sky high to wrestle inflation just before Reagan's second term. Will Powell have to do the same?

timsmith
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Brian is a sneakerhead. Flexing the Travis Scott 1’s and Sacai’s in the background. Let us know if those are UA pairs or the real thing.

streetmoney
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Ah yes lets be dovish then hawkish then dovish then hawkish again. Made up your mind already old man stop pumping and dumping stocks

yonathanrakau
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Free funding for CCP for 8 years!! Ohh now Yellen is mute . Horrid leadership!

ssuwandi
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Yahoo finance = dollar apologists. Bad algo bot, bad

mcoupeme