Fed's Powell Says Biden Hasn't Met With Him in Two Years
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- Опубліковано 9 лип 2024
- Federal Reserve Chair Jerome Powell comments on his interactions with President Joe Biden during his semiannual testimony before the US House Financial Services Committee.
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the fed should be independent.
Independency doesnt mean you got no meetings. Actually great independence requires meetings
No. abolish it.
it's a private bank founded by JPMC after most of the people against it sunk on his boat, the Titanic
@@jacquelinemiguez1326 No. It doesn't require meetings. You hire someone to do the job and you let them do it.
@@KK-pm7ud certain things yeah but its not the same to hire someone else for top priority considerations. Great Leadership from a corp level and gov level has to meet the president to talk about national security concerns etc. you cant send someone else for these types of things.
The Fed is supposed to be independent of Governemnt. These people are so clueless.
The President should be concerned and discuss with the Fed when there is record high inflation crushing Americans
Lawler isn't clueless. He's doing this for the camera. It's an election year and Lawler wants his camera time.
Props to Bloomberg for playing the full clip. A lot of organizations would have left off the second half.
and that still wasn't the FULL clip. Bloomberg just decided to cut at that point.
and ur ok with that? imagine president dont know whats happening to Powell.
@@StepcurryNgPinas It’s supposed to be like that. The Federal Reserve is supposed to be independent.
I wonder if it's because the Federal Reserve Chair is supposed to be totally independent.
I mean that's like saying your CEO and CFO shouldn't meet lol. They should be in contact since they essentially in control of our economy
@@theunbearablebull That unfortunately is not true. Unfortunately you did not listen to Powell's response. The Federal Reserve Chair is completely independent. Powell is actually a Republican, but because Joe Biden respects the rule of law, he did not try to replace him. Anyway, thank you and I appreciate your input. Remember to vote Democrat up and down the ballot in November.
@@JiangBee Never will I ever vote dem lol. You have to be a little stupid to vote dem, literally got us in this mess. Now go touch kids like your president sweet boy.
Then why is he talking to anyone in DC?
@@theunbearablebull That is the right analogy. The Fed President isn't a CFO. Biden has zero reason to meet with Powell if Powell is doing his job. The President of the US doesn't know more than the Fed Chairman about economic policy and shouldn't be interfering or wasting their time with meetings. Unless it is an emergency with a clear purpose, like the financial crisis, there is no reason Biden needs to speak with Powell. Warren Buffett doesn't tell the CEOs of this operating companies how to run their businesses. So why would Biden tell Powell how to run the Fed?
powell can handle
Do did Mr. Green
Isn’t this a good thing? Independence of the federal reserve.
It is, but shouldn't the chairman of one of the, if not the, most important institution in America meet with our leader? Biden should talk face to face with Powell regarding the state of reserve, inflation data, etc.
@@BrokeInfluencerCash talk to him to what point? To influence him? The chairman is supposed to be independent, he has nothing to do with the president's words of wisdom regardless wether its Biden or Trump
@@iyoub6931 Okay so you don't think the leader of our country and the leader of keeping America financially stable should meet? There are a lot of things that Powell won't be aware of as he isn't in the front seat. Presidents and the Chairman have always met, they would meet regularly under Bush, Obama, and Trump. It doesn't take a genius to know that an active President and Chairman should meet in regards to briefing each other on current events.
@@iyoub6931yeah the President should be left in the dark about the economy when there is record high inflation 🤡
@@BrokeInfluencerCash no they shouldnt - isolation keeps the powers at be in our country in check
It would be more concerning if the president had regular meetings. They’re supposed to be independent
Mr Green needs to go.
Why would he meet with Powell? This is what Treasury Secretaries are for.
@@passiveaction Treasury is a partisan institution and can provide economic data. President also has the Council of Economic Advisers for economic information. Why would you bother the independent Fed chair when you have people by your side who could give you the same information?
The fact that 43 agree with this nonesense is incredible
Yes the president shouldn't care about the economy of the United States. Wow.
@@KaiserBlade you don't understand how the government structure works it's ok
@@KaiserBlade do you know what ur talking about? would you meet with HR at your workplace on a regular basis?
If J Pow had some vanilla ice cream, Joe would meet with him
So wouldn’t you.
@akpistol141 😄
or apple sauce
chocolate chocolate chip*
I don’t get this reference
Rep. Low-Lower asked a-to put it mildly-wrong question. The Fed reports to the Congress, period. Anybody who knows ECON 101, must be aware that the monetary policy should not be interfered with by the executive (i.e., the Whitehouse).
Dude from NewYork probably is filthy rich as he seems to not be aware of the high interest rates - a FRB tool at work. If the FRB is doing their jobs, Potus should leave them alone.
He probably meets with Janet Yellen, Secretary of the Treasury, to coordinate policy, much as Treasury Secretaries have met with Fed Chairmen over the years.
Mr Green needs to take his hand off his face
@@jo43723 he needs to be taken out of the room
There is no reason for the Fed Chair to meet with the President. Everything is fine. Which shows that they are both doing the jobs well. Idiotic congressman.
fine? The highest inflation in decades and you’re fine with it? Independent doesn’t mean that The Fed can do whatever they want.
@@x-men69-96 You have zero understanding of what you are talking about. There was zero reason for Powell to meet with Biden because there wasn't an emergency. Powell did and is doing an excellent job given the situation. High inflation isn't a reason for the President to meet with the Fed.
@@KK-pm7ud makes sense. I do wonder what are reasons for a meeting however. Inflation is one issue that might need to be managed not through the Fed but other ways
@@KK-pm7ud lol it’s called checks and balances for a reason. Doesn’t matter how skewed your perspective is. Some people think the economy isn’t doing well, some people think it’s fine. There should be concern, and just because they don’t agree with your pov doesn’t make someone an idiot
@@estradaoct The checks and balances is Powell going to Congress. You need to go to school and pay attention to how it all works. If Powell is doing his job and the President doesn't see any issue with how he's managing things or there isn't an emergency or other issue requiring him to meet with the President, then there is NO reason to meet.
I don’t know who Mr. Green is (the one who essentially protested the questioner asking a question that may harm a current running presidential candidate) but they literally just put a current candidate through 6 months of trials. How laughable is this process.
Mr. Lawler is grandstanding.
J Powell DA GOAT
Because the central bank is meant to be independent. Trump on the other hand tried to pressure Powell to cut.
They tried to impeach Volcker
i really want to KNOW what they was talking about at 1:59.
Is Mr. Green in a dream haha?
What is he talking about??
I’m assuming that earlier in the session or in a previous session, someone asked a question about a policy of Trump and said it didn’t seem right, and that was objected to and sustained. He was trying to prove a point.
Congress should be off camera.
Parasites in charge
And then he said it’s perfectly normal for him to not meet with the president because he is an independent department. Duh 😂😂😂😂
why would the head of a private bank need to meet with the president. The president works for the banks, not the other way around
its not a department. Federal reserve bank is a bank. Its not part of the government... yea they really fucked us with the naming
Mr. Lawler probably should drink less Coke Cola, I guess?
Central banks should not be meeting with leaders as the leader of a country ALWAYS has incentive to lower rates no matter the inflation or cost to support the wealthy and businesses who back the leader and his party of any country. Even in Russia or China the leaders do not meet with the head of the central bank so that is a good sign. If Trump takes office and he starts calling Powell in, you know we got big problems. It does not take much to turn a country from balanced inflation in to Argentina and once you do that damage it takes incredible pain and suffering for decades to undo the damage. Let the Central Bank/FED do their job, let them fix inflation, the moment you interfere you harm everyone except the wealthy who love inflation.
Shouldn't the chairman of one of the, if not the, most important institution in America meet with our leader. Biden should talk face to face with Powell regarding the state of reserve, inflation data, etc. They should always use the facts too make their final decision but they need to meet about monetary policy. Its stupid to think an insitution that maintains the stability of the US shouldnt meet with the president.
@@BrokeInfluencerCashthe ability for the fed to do its job relies on it being completely independent from the government. It should not be influenced by anything other than data regarding the economy in order to stay impartial about the decisions that it makes. For this reason it's completely understandable for there to be no communication between the fed chairman and the president
@@hanznathanpo Ofc you don't want the president to influence the feds who there must be cohesion. The president has much more information about current world fiscal affairs, foreign policy, etc that the feds don't know about. The president and chairman have always met since it doesn't take a genius to understand that the leader of our country and the man responsible for keeping our country financially stable should meet. It's like a machine with two gears, you can't have one gear move at one speed and the other a different speed. They need to move in unison.
@@BrokeInfluencerCashdid you not hear Powell says it's completely normal for a president to not meet with the fed for long periods of time?
@@LinuxUser123 The comment I replied too said it was okay for them not too meet at all. "Central banks should not be meeting with leaders". Key word not.
The Fed should be separate from politics.
I think he needs to ask the question at least 5 more times 😂
KEEP INTEREST RATES HIGH
Noooo please I'm still in college looking for a job or internship 😢
Good
So Trump never spoke with Powell to my understanding either.
Stupid line of questioning, dumber objections, Let Powell explain, Fed is independent no need to meet with comatose Joe.
Biden doesn’t remember who this man is
Why would he meet with Powell? Do you have any idea? Or you just like stirring sh*t?
We need younger politicians and government officials."
they would still be on the payroll of the corporations that pay out billions to all politicians annually
@@STOCKmarket-fo1fh Let's have competent politicians who don't spend all day dialing for donations
Well it’s because we have fiscal policy and monetary policy. Sometimes they are aligned sometimes they are not. But they are supposed to be independent
I am not offended by anything except for the fact that the gentleman who thinks asking whether the fed meets with the president is in someway election interference. How can we have people like that running our government?
I’m assuming that earlier in the session or in a previous session, someone asked a question about a policy of Trump and said it didn’t seem right? That was probably objected to and sustained because a Republican wanted to censor anything bad about their president. Mr. Green was trying to prove a point.
Terribly titled video. This should be called: “Democrats give a masterclass in the abuse of language for political purposes.”
He’s one of the best Fed chairs in American history.
Lets get on with it .... why was it interrupted. Point of order ???? Can we stop wasting time and peoples money. Get things done !!!!!!
Crazy😮
Lawler is clueless
Wow 'Mr Green' wth
Yea sure, The Fed should have the power to act independently at the end of the day, but they should be working with the government to improve the economy. Constant communication to come up with a complimentary and calibrated response to promote growth and financial stability. Right now, there is explosive fiscal spending and restrictive monetary policy. Completely out of sync.
But how is it fine to not have a meeting when the economy is bad and people suffering ?
Because the president shouldn't be influencing the FED at all and the FED is totally transparent with the public. What would the meeting be about?
This is how it should be. Whats the issue?
Lawler trying to start stuff. He's trying to make the Fed look bad. Lawler has probably interviewed Powell several times. For the camera....that's all he's doing it for is the camera.
I'm glad Powell hasn't had a meeting with the President in the last 2 years.
What good would it do anyway??
The President should be concerned about the economy when there is record high inflation.
bro so badly wanted to make biden look bad
Congressman Green has himself a nice manicure 😘
Jeez its like grade school children
Lower the rates already!! They are too high!!!!
Presidential meetings with the Fed can only happen early in the morning or late at night, therefore disqualifying the current sitting president who is asleep during those times.
Biden staff: Is there a Doctor in the house?
Powell: Is this some sort of "Juris Doctor isn't PhD" insult?
Unbelievable 🤬🤬🤬🤬
Powell doesn’t want to meet with him 😂
Lower the rates already!!
It doesn't matter. Powell may as well be speaking Japanese to joe. He has no idea how the economy works.
Why I hate politics..
green needs to go
The year is *1984*
He probably just forgot
But he can meet with you guys every other month
Wow
In normal circumstances I'd agree with JP but considering in the last 2 years, inflation has been the most impactful part of American lives, I would have expected the president to have at least had a conversation with JP. I mean at least a, "hey how are things going?" or "is there anything we can do to help this issue?" type of conversation. At least then maybe JP could have told him to stop throwing money at Ukraine, Israel, and student loan forgiveness.
Most people recognize that meeting for the sake of meeting is showboating at best and wasting everyone's time and creating stress and micromanagement at worse.
I agree, in this state of economy, people would think that the goverment knows and try to contact the FED like you said, if gov people have any idea about economic that is. For this Biden administration, I doubt any of them know anything about economy so they just leave all the hard work for FED people.
@@DC-fn8kh A great leader will delegate tasks to their team and let them work without interference or micromanagement. Seeing as how JP has been the chair longer than Biden president AND the Fed being independent, why would the President think he can do better? A great leader doesn't need to know everything about anything, they need to know how to inspire, manage, lead and make decisions that move progress forward.
@@user-wt4kw4cj9w I understand your point and that's what I agree with. Then again, the world is in a very trashy economy state in case you didn't know. Biden as the leader can just contact the FED and ask for the situation and how we are going forward 1-2 years instead of doing nothing. President's job is not managing economy that's for sure, BUT he has to know the overall of the economy as a whole, because he's LEADING it.
@@user-wt4kw4cj9w The fact that Biden's team has not contact FED for 2 years also mean that they don't care about the economy or have any idea how terrible it has been for last few years, which is very concerning don't you think ?
Brandon can't even tell the difference between common stock and live stock
Joe is too busy sleeping or falling off stages.
POWER NAPPING....lol
@@pposavids5119 power napping 18 hours a day seven days a week
old man deserve his respect
Jet lag...
Haha explains a lot😂
"Much ado about nothing". Trying to sling mud for no purpose at all. Why don't you ask how meeting with each other would make a modicum of a difference and then maybe we could understand your question or your hidden (not so hidden) point in your question?
This won’t end peacefully.
Left-wing politics BRAVO.👏👏👏
How the hell does this Green dude have a job
Mr. green: yes, I’m a tool and the swamp.
R rep is sneaky. A 5 year old boy would see the intent here.
The fact that you are blind is not my issue - the issue is your active contribution to ignorance...The Congressman validated that FOMC Powell was not "Politically engaged", That leads to the perception that the Fed is part of the "Movement" GROW THE F*** UP" wait.....this isn't the 5yo child is it? Do you see what I did there, Corky??? Stay Safe and Prayers
Wtf is that Green guy talking about, what point of order? What words did they say?? lol is the president king? lol wtf
Obviously Powell considers Biden a waste of his time.
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Even if he would have, Biden wouldn't have remembered.
Just a supply/Demand issue! Econ101! He may be compromised! His job is over in NOV.
THAT. IS. TERRIFYING. Even jerome seems shocked.. what is happening in the white house!?!? 😮
Are you being sarcastic? He said in his reply that he would be shocked if he did meet with him because there's no purpose to them chit chatting about inflation when this sort of thing isn't something the President can do anything about.
@MrApw2011 that's scary. What his face says and his words are 2 different things
@@Rightround0846 You should be terrified when the head of the central bank is always meeting with the president. You're just stupid if you don't know that the core government should always be very separated from the central bank.
@@fupopanda or you're a sheep.
@@fupopanda you're a sheep
Defund the Democratic Party
DJT #47 2024
MAGA
I get it. The fed chair is an independent body. But you’re telling me that the president of the United States does not check in with the leader of monetary policy for the country to see how we’re battling inflation? If that’s the case, then why do we hold the president accountable for rising or dropping inflation? He absolutely should be meeting with him, not to influence but to see what factors are impacting all Americans ability to buy a tank of gas.
This is insane. No wonder 😢
Well this explains everything! The country is on autopilot with no one at the wheel .... TRUMP 2024🇺🇲
If J Powell offers Biden a visit with a young good looking girl (or boy), Biden might've asked for a meeting. :)
Jerome powell should retire as well.
Nah Powell is solid.
He's done a great job