Chairman Powell speaks after Federal Reserve hikes interest rates by 25 basis points — 3/22/23

Federal Reserve Chair Jerome Powell holds a news conference on Wednesday following the Federal Open Market Committee (FOMC) meeting where the central bank enacted a quarter percentage point interest rate increase, expressing caution about the recent banking crisis and indicating that hikes are nearing an end.

Along with its ninth hike since March 2022, the rate-setting Federal Open Market Committee noted that future increases are not assured and will depend largely on incoming data.

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LIVE: Chairman Powell speaks after Federal Reserve hikes interest rates by 25 basis points — 3/22/23

[jaydub]

Higher interest is the same as raising your taxes...wake up

[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.

[jarettwilliams]

You've got to give it to him, best spokesperson ever!

[icommandoi]

Privatize profits and socialize losses. This isn't capitalism.

[isaiahcrump]

The corporations never suffer as much as the average person

[ronaldmikelee]

Remove him from office before its too late!

[DiamondHandsDetailingLLC]

I regret buying a vehicle to “look” successful at 3% instead of buying a house at 2%. Never thought the opportunity would be over as fast as it was.

[justinlegault]

"Inflation, excluding food and energy..."

- so, excluding the 2 things that citizens are most worried about, and are hurting our wallets the most

[lionelbutler]

Does anyone else feel that the Federal Reserve does not know what they're doing?

[mgs_snake]

They know if banks suffer again they will just give them more free money that poor Americans have to pay back. Whats the point of raising interest rate if they won’t stop printing money?

[nhanquan]

This FED job is so easy just increase interest rates but it will not solve anything. Sad.

[anubis]

I don't know what choice people think we have. This will happen eventually, if we pull back now, we are just delaying the inevitable and dealing with inflation along the way. You cannot inject this much money into the economy and think everything is going to turn out okay. We made our bed.

[fredpsimas]

If people are NOT borrowing to spend then rate hikes have no influence over their spending!!! Hence, when the government send people money…this is inflationary and the fed has no way to reduce inflation.

[sting]

This is excellent news . Interest rates should never gone dirt cheap during the pandemic. Rich people benefit the most with dirt cheap low interest rates

[onefortrees]

How long is all this going to last? I was 15 years old in 2008, and am now going on 30 years old in 2023. If I can't catch a break at some point, I vote no confidence in the USA.

[barttfisher]

The time and effort required for tax filing can be significant. Are there ways to simplify the tax filing process for my situation, potentially freeing up more time to focus on managing my investments?

[ericr.]

A 2% inflation goal provides stable objectives that markets understand. Everyone knows the pains that we must endure for that objective. Bond exposure loss is just the first phase of the pain. I lived through the 80's - please hold the path to reduce inflation as we had the fortitude to do so then. Despite job loss and recession, the outcome will be a much stronger economy and a country that will lead the world again for decades.

[jimmyboi]

You broke Democrats missing President Trump yet? Hang on it gets even worse.

[royblack]

Powell needs to step down can't Biden fire him .

[simpleman]

The best way to reduce inflation is to reduce the cost of energy the only way to do that is to support the oil field and start producing oil again stop spending so much money on wasteful things raising interest rates only cause economic collapse