Federal Reserve Chair Powell speaks after Fed lowers interest rates by half point — 9/18/2024

Federal Reserve Chairman Jerome Powell delivers remarks following the Federal Reserve's two-day policy meeting on Wednesday.

Central bank policymakers trimmed interest rates by 50 basis points, marking its first cut in four years.

The move brings the target fed funds rate to a range of 4.75% to 5.00%.

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Federal Reserve Chair Powell speaks after Fed lowers interest rates by half point — 9/18/2024

[Lynn-jwkf]

What's the best strategy for investing during this period of volatility? Most of my portfolio is in cash, and I'm looking to invest about $180K in stocks.

[TommyChong]

Rate cuts commence in June 2024, taking 6-8 months to complete. A potential crash, if any, might occur by March 2025. The soft landing narrative is gaining traction, making this big recession everyone is calling for less likely. With $1 million from a business sale, I'm seeking profitable investment opportunities for the next 3 years.

[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.

[vinnydiaz]

He looks like a football coach who knows he’s been fired but it’s not public yet

[Ghazithasoulja]

How do u make a mistake of miscalculating 818k jobs added?

[MAGAA_]

Powell will probably be in the unemployment line around Jan 20th I think, lol.

[MusclesandMacro]

Part of the issue is that all this cheap corporate debt is about to expire. The strategy is always just kick the can down the road

[phil_]

Yahoo Finance killed the press conference. Lol 😂

[Stellarchick]

Heads up: a recession would drop prices, eliminate inflation, and effectively restart the economy on a stable growth path

[austinsmithwick]

How does nobody at CNBC recommend cutting the last minute and some change where Powell walks always and they’re just zooming in on an empty podium 😂

[kryptoknight]

What is SCP, M. Powell is referring to ?

[eeeeeeeeeeeeeeeeeeeee]

Does our tax pay dollars fund the shiddy production team? I cannot hear a thing with my volume at max.

[TyB.-toek]

Inflation is higher then ever WTF! Car loans, rent, food, what a joke

[word]

Here are some numbers for the middle class Americans out here like myself. Inflation rose 21% since the pandemic. These elitists say wages grew 22% during the same time frame. So if the median income for a worker was roughly $36, 000 before the pandemic and now its just around $40, 000. Where in these two numbers do they get 22%. They are off by 11%. These agencies need to stop using average numbers because the rich continue to get richer. While most of Americans dont. The median numbers show a different story.

[fxsavage]

We really going to feel it now cut rates 👎😭

[Stellarchick]

The message is "you're screwed"

[PhuongNguyen-prpj]

I normally dont watch this type of content so can you guys explain what is the SCP that He repeated again and again?

[JerzyNowak-]

I hope Trump fires Powell. TRUMP 2024 ❤

[williamlyons]

Rates increase, inflation will increase and so will house prices and your rent :). Most americans lost on this deal

[swervin]

This guy sqid the US economy is fine, just ask the average business person. How about asking the average middle class american....we're screwed smh 😢😅