Fed Chair Jerome Powell speaks with Janet Yellen and Ben Bernanke — 1/4/2019

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Three U.S. central bank leaders — current Federal Reserve Chairman Jerome Powell and his immediate past predecessors Janet Yellen and Ben Bernanke — spoke k in a roundtable Friday morning in Atlanta at the American Economic Association's annual meeting.

Federal Reserve Chairman Jerome Powell pledged that the central bank will be watching how the economy performs this year and will adjust policy should growth slow unexpectedly.

Powell along with his immediate predecessors, Janet Yellen and Ben Bernanke, spoke Friday at the American Economic Association's annual meeting in Atlanta.

Financial markets have been in turmoil over the past several months, in part over concern whether the Fed was on an aggressive rate-hiking path. Powell himself has helped to fuel some of that speculation, and on Friday offered remarks to show that Fed policy will take into account economic conditions and be adjusted accordingly.

"As always, there is no preset path for policy," Powell said. "And particularly with muted inflation readings that we've seen coming in, we will be patient as we watch to see how the economy evolves."

The policymaking Federal Open Market Committee raised its benchmark interest rate four time in 2018 and has indicated that two more increases this year are likely. However, markets believe differently, and in fact are pricing in about a 28 percent chance of a rate cut by the end of 2019 and no chance of an increase.

The Powell Fed has come under scrutiny from the markets and intense criticism from President Donald Trump, who believes the rate hikes pose the single biggest threat to an otherwise thriving economy. Asked whether he would resign if pushed by the president, Powell said "no."

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LIVE: Fed Chair Jerome Powell speaks with Janet Yellen and Ben Bernanke —Friday, Jan. 4 2019
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As the Titanic was sinking, the captain told the band to keep playing the music. Everything is fine people?

leenewport
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“Too Big to Fail” has shifted to “Too Many to Fail”. When exactly do we acknowledge we’re broke?

slaapjynog
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Oh they laugh and talk about bright future... That's REALLY REALLY SCARY.

eagleartillery
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2020: As bad as the audio on this recording

modernfinance
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Ben Bernanke saved the world, but left it on life support. Those following him need to be chosen very wisely to not undo his heroics.

vcoonrod
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The Problem is not in the solution. In my opinion, the solution in this case is a problem

galanonim
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The Fed Chairs are great at telling us what happened 3 months ago. They have no clue, what is going to happen, or what to do about it....and nobody can.

winonebud
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Pause is signaling they acknowledge weakness in economy, yet equity market going higher massively, yet gold/silver dropped hard along with dx.

Steven-xfmz
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Wow, 3 most powerful individuals in the world, and the worst cameraman in the world.

peters
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Friday Calls, Monday Puts you heard it here first. Beginning of the 2019 recession!! Hahaha that’s my prediction plus I have Puts ready for Monday

jimmybermudez
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I like that Powell thinks the economy is great, or at least that is what he espoused. Sounds like a rate hike in March to me.

jfausset
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So far projection still says, 3.00% Rate Hike - 2019, 3.5 Rate Hike - 2020.

*sobs quietly*

jamieurena
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Between the three of them, they'll find a way to discreetly throw cold water on the economy. Trust them.

stubkar
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all our money goes to food, gas, and shelter. Not in that order. Who has all this extra spending money, wtf??

monkeyloven
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Wtf is the deal with the cameraman? When Powell speaks they don't put the camera on him, yet when the other two do the camera immediately shifts. Kind backwards given he's the chairman.

noid
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Even though the ISM report softened, it was still a solid reading at 54.1%. Big fan of Chairman Powell!

kristinacahill
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The Fed needs to be audited so we can find out all the stocks they have been buying covertly to keep markets propped up.

peaceandfreedomeconomics
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Does bernanke really say bullying at 13:49, or does he say ebullient? Captions appear wrong.

bicabone
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The dishonest version of the Three Stooges...

ozzyguy
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why is it a bad idea to appoint short people to the FED boards?

kornpop