How Jerome Powell Handles the U.S. Economy | WSJ
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- Опубліковано 15 чер 2024
- Jerome Powell, as the chair of the U.S. Federal Reserve, appears to hold the country’s economic health in his hands. It’s a coveted role that has earned him both praise and criticism. Fed Chair Powell prioritizes data and does not necessarily focus on fighting inflation or boosting employment.
WSJ takes a look at how the Fed chairman got to the top by balancing aggressive and conservative policy.
0:00 Hawks and doves
0:36 Powell’s background
2:12 Powell’s strategy
3:37 Criticism
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#JeromePowell #Fed #WSJ
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Watching from India sir.. Properly followed
He’s doing an excellent job and we should all be grateful for his work
Jerome is such a brilliant guy!
Despite popular opinion, respect to Powell for his dedication and owning his role as the Chairman of the board. I place him in the same tier of excellence as former president Obama.
This is Satire, right?
He flooded the markets with 5 trillion dollars, most which went into the hands of the rich, devalued the dollar, and caused inflation. He is the cause of the fire and now acting like the fireman.
i have immense respect for the work jerome has done during this very hard time , some people can troll him or have legit critique of him but in these tumultuous times the way in which he has handled rates and unemployement with rationality and policy is great, in stark contrast look to europe for its state of inflation and depression , just usa has done relatively way better
He flooded the markets with 5 trillion dollars, most which went into the hands of the rich, devalued the dollar, and caused inflation. He is the cause of the fire and now acting like the fireman.
I wish more people realised this. Great comment !
It really seems like a hard job, respect is certainly deserved
Bot or WSJ employee. Inflation hasn’t gone anywhere. He’s a talking head
@@emeraldcitydreamz well that’s largely true but it has halved since last year. Things like bread, oil, milk, eggs are much cheaper now than a year ago.
Please give the video a follow up on the end of 2024!
This time around we know J Powell enough that he is going to pivot and will more than likely continue to stop raising rates and maybe lower rates. The market is in control and is calling him bluff for being hawkish while skipping the rate hike.
So did you make a huge purchase of corporate equity this week?
The Fed has zero mandate to boost corporate earnings. They only care about unemployment and inflation.
@@spacetoast7783 He's all talk. Either we get another 50 to 100bps on fed funds or we sit in limbo at higher for longer. This pipe dream of cuts coming is just idiotic to me, there is nothing in the data signaling a cut anytime in the near future.
@@MitchellC03
Looking back in history. The fed has mostly cut rates after a pause. That’s why the market is bullish. Statistically speaking it’s what the Fed does, start lowering rates after pause. Let’s face it, J Powell wasn’t serious about fighting inflation in the beginning otherwise he would have raised rates above inflation of 9%. It was bluffing from the beginning. We still have high inflation and he paused.
@@georgemaximus694I'm betting this (your comments) too.
Plus, some people saying waiting for data to signal? That's the same mistake POWELL made back in 2021 when inflation data of May's 5% was made public in June 2021.
Just to be clear, Powell has been raising the interest rate for years now and the economy is still running fine.
Not for years. He started about 15 months ago and it takes 12 months before rate hikes hit the economy. He will raise 2 times more most likely like he said. The real economic pain will only begin now. But we need that... inflation is hurting every one.
He failed us once when he said the inflation wont be more than 2% and he will fail us again when inflation appears again. He should not have paused raising rates. I have more respect to miss Lagard of EU central bank for her persistence fighting the inflation, but once again, they don’t trade stocks as our Fed presidents do and they have more interest in real economy and not in the stock market.
Was he in the room with you when he made that promise?
The Fed has no mandate to boost corporate profits. Their only mandates are high employment and low inflation.
The mistake is already made. He should have risen rates 3% 18 months ago and then 50 bps hikes every month until 6% ish. He let inflation run for a full year before raising anything.
This guys the reason there hasnt been another 2008 recession, and also the reason housing costs have risen well above 100 % since that same period. You guys choose which ones you find to be more important
Really the issue stems from having dirt low interest rates the last 10 years following the 2008 recession, driving mild economic growth (very high stock growth) at the cost of *everyone* (mostly the non wealthy, since the wealthy have gained more if they have equity in anything non cash).
Rising inflation rate wont fix inflation🤷🏽♂️ many countries depends on us, USD.
It's hard to predict the future until we see this month’s inflation results. However, historical data consistently show that stocks tend to outperform bonds in the long term. Therefore, I'm staying in the market and focusing on selecting high-quality stocks. The challenge lies in identifying these stocks.
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5:21 what is happening at this time? Making paper flowers? ?🌸?
It's a hard job for sure, and people who don't know anything about the economy blame him for every ill that befalls it. Keep up the fight Jerome, and God bless
well well, our transitory guy
Just like every economist on earth was
The oracle of the Fed, our lord and savior JPow
All Stores Please Lower the price of all Military and Local for all Brands of Economy Products and Accessories and Production Cost Now That's too much $$ The Whole World Now 🙏🙏🙏
"most powerful economic voice".... lol, gee i really wonder how THAT happened😂
Probably because Congress approved the appointment.
Let's be real. COVID came, the stock market started to dip before the 2020 presidential election and Trump said lower rates/buy bonds/infuse money into the system or you're fired.
Plandemic
The Fed doesn't operate under the direction of the President. It's an appointment approved by Congress. Trump can cry all he wants and it won't matter.
Wow cool
Its daddy Powell
Supply THEE Demand of the BASICS. Organize The LABOR to GO Where its Needed.. FEEDbThe Country, GIT it DONE then Show N Tell Everybody HOW to DOIT Too.
My priorities the exploration of agricultural production of food and I give to all nations the true and balance protection of our people hopefully comes to everyone that blessings of god .. peace with god all about us..????
Jerome Powell is pretty much the Lebron James of international finance
🤢🤢🤮
Incredibly talented, great player, but when he flops its just cringe
He is very careful on how is going the economy
Honorable man. He should the President of the USA. Not dementia biden or the clown trump
#727👍🤔Why does this seem like the WSJ is promoting Jerome Powell and why would the WSJ do tht?!🤑
The US Federal Reserve is the United States Central Bank
No matter WSJ’s sweetheart flattery of J POW’s efforts as chair, his record shows he acted in response to POTUS’s wishes and without concern to the middle and working class. The Gov flooded our markets with cash, the powerful processes of corporate wealth creation spent 18 months vacuuming it up from every-day consumers, and J Powell has no tool in his belt to tax who should have been taxed, the rich. The only thing he could have done was what he was told to do. Tax the consumer with inflation. Great job, WSJ, for avoiding the politically unpalatable truth.
he has done a great job so far.
Savers are finally getting a return on their safe cash assets.. that is stability in my opinion
He flooded the markets with 5 trillion dollars, most which went into the hands of the rich, devalued the dollar, and caused inflation. He is the cause of the fire and now acting like the fireman.
@@sbkpilot1 bro we losing more to inflation than we get... we losing money on having it in the bank
Use the tools of federation to worldwide. Dont think eny. If they complain ask to them the truet
A nice puff piece of the guy who kept interest rates low way too long.
As opposed to which other central bankers around the developed world?
@@spacetoast7783 you're both right in your statements. I was advocating for Yellen to lightly raise rates back in 2017, but here we are.
Yeah I'd love to debate Jerome Powell about his bright ideas on demand-induced inflation in the back alley of Home Depot
Jerome Powell and his panel support has to be removed from his position. All he does, is raise interests and only rich are becoming richer and poora are struggling worse than before.
Interest withheld for social security, ia super high, everybody but people working in some government jobs, are paying on social security.
Let's make a change
F your puts, F your calls
So is Powell a Dowk or a Hove?
Horrible Fed Chair. Technology has been destroyed with mass layoffs for months. Massive expansion in the balance sheet. Not a leader
This is why all these dinosaurs in gov & legacy finance hate Bitcoin😒 Sooner or later, it will end their long corrupt ruling . 🤘😝🤘
I'm team J POW
Jerome Powell needs to go!
🚬⚰️✍️
how? he takes money to pay for your military and space force
The Federal Reserve is not part of congress
so far so good he’s doing his job the way he supposed to he ain’t cut in the corner he’s being real he said now inflation is going to be longer. Are you going to keep interest rate higher he’s not playing games
He flooded the markets with 5 trillion dollars, most which went into the hands of the rich, devalued the dollar, and caused inflation. He is the cause of the fire and now acting like the fireman.
"promosm"
Planned demolition
CBDC INCOMING
Then hedge your portfolio
Propaganda to convince you FED is in control
He overreacted.
Old white male democrat. 😮
youre pathetic if thats all you see in him lol
Why did a Republican appoint a Democrat when Republicans controlled both houses of Congress?
He is actually a registered Republican, you can look it up
Rubbish propaganda!
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