@@John-s9d the government needs to print money, because it cannot cut spending....the new monetary system requires them to inflate the debts away or suffer economically or politically. There's no way out of it other than cut spending and high taxes or inflate the debt away....high inflation...👀😔
Basically a permission structure to say hey do whatever damage you want because we are gonna be held responsible if things go to shit and he will get credit when things go good.
6:10 - Neel’s response is disturbing because every nation has vowed to quickly place retaliatory tariffs on the U.S. if Trump goes through with his “across the board” tariffs. Except in niche circumstances, everyone loses with massive goods taxes (tariffs) and the Federal government meddling in free markets: There is a massive “dead weight loss” and anyone who has taken ECON101 knows this. Apparently our politicians never took, or understood, basic economics.
Commodities like wheat and corn back near 2020-2021 levels. Beef prices are still elevated. Just let things fall. When people start complaining about jobs and not prices, then Fed should cut.
😂😂😂😂.... nobody wants US government bonds anymore, the Banks are in shaky territory, the US government can't function for too long on high interests rates, the debts become too expensive to pay back, therefore lower interest rates balance their books... that's why they can't do much. USA is out of whack!!!
When people complain about grocery prices instead of house prices. Meanwhile, their rent is higher than their grocery bill. The rates are too low and balloon asset prices.
Nope. Everything is already owned by an entity that will never have a need to sell any significant part of it's real estate portfolio. You can put rate upside down or double, nothing will change... In number terms for sure, but not in a real affordability.
@@peters972 Tell that to Zers who need to work 4 lifetimes to earn a place to live somewhere where there are job opportunities. Sure lower rates will fix that... Nope, prices will proportionately rise. As always when rates fall. You are too detached from reality.
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Every country in the world has a central bank like the FED, Russia, China, Germany, Japan, UK, Mexico, EVERY SINGLE COUNTRY has a FED. You need them in order to maintain a healthy economy so that they can raise the interest rate when inflation becomes a problem like they did. Just normal operation of the economy.
China trying to stimulate, Iran trying to negotiate. No need to step on gas anymore. Americans want deflation. So give it to them. Won't be hard. Just do nothing. With current rates.
Meanwhile, the next cycle of inflation has already started in the background via markets. 1-2 year delay before it’s realized in tangible-goods purchases. Central bankers like this guy are constantly “false advertising” which should be considered illegal.
They have a set schedule when they do public interviews. Nothing changed. The elections just created a lot of noise so maybe you didn't catch their interviews lol.
The current prices on food are the new norm with some volatility of course. YoY inflation builds on itself and prices never really go in reverse. All they can do using the current monetary policy is try to slow it and keep it low. The population doesn't see 2% as a threat YoY. Like a frog in a warming pot of water that doesn't understand that it will boil and eventually die in the rising temps.
When you have a war in one of the largest wheat exporting countries in the world which contributed to both human and animal feed and increased insurance prices because of houthis in the red Sea, things get more expensive. Grocery prices are also sticky, the effect inflation has is trailed by the actual inflation. Don't expect to have 2010 prices in 2020.
@@JustaStonr420 The USA and EU are both NET Wheat exporters so they actually benefited from the Ukraine war able to export at higher prices and increase in demand. Is this why food prices went up? A little bit but the #1 reason food prices are up are Wages. Since 2020 most US states and cities minimum wage has gone up dramatically, also companies have had to deal with shortage of manpower and competition over workers leading to even higher wages. For example Seattle minimum wage was $12 per hour in 2019, in 2024 it was $20 per hour. You cannot go from $12 to $20 per hour for workers without BIG price hikes. This is the biggest impact on prices. Food has limited automation and a lot of work is done by 2 hands so wages are #1 impact.
He has no way to know, they are reacting to what the economy does not leading it. The economy is always unpredictable, will Americans spend more money in November then they did in October? How can he know that? You would have to knock on the door of every American and ask, and even then, they might have no idea either. People's psychology or needs drives their spending $$$, no one in the world can really know what's going to happen tomorrow.
I already know kashkari will be hawkish before I even see this.
No more cuts. Let things settle.
@@John-s9d the government needs to print money, because it cannot cut spending....the new monetary system requires them to inflate the debts away or suffer economically or politically. There's no way out of it other than cut spending and high taxes or inflate the debt away....high inflation...👀😔
Their problem is they’re paying $1T in interest each year
Had nothing to do with money printing and balance sheet expansion?
Basically a permission structure to say hey do whatever damage you want because we are gonna be held responsible if things go to shit and he will get credit when things go good.
6:10 - Neel’s response is disturbing because every nation has vowed to quickly place retaliatory tariffs on the U.S. if Trump goes through with his “across the board” tariffs. Except in niche circumstances, everyone loses with massive goods taxes (tariffs) and the Federal government meddling in free markets: There is a massive “dead weight loss” and anyone who has taken ECON101 knows this. Apparently our politicians never took, or understood, basic economics.
You should export back and why must force a Nexus. For other reshoring types, maybe they could find domestic alternative
They haven’t hit 2% in YEARS
great interview. He maintains the cap, Neel is not hawkish, but maintains balance and prudence for keeping normalization on track.
Commodities like wheat and corn back near 2020-2021 levels. Beef prices are still elevated. Just let things fall. When people start complaining about jobs and not prices, then Fed should cut.
😂😂😂😂.... nobody wants US government bonds anymore, the Banks are in shaky territory, the US government can't function for too long on high interests rates, the debts become too expensive to pay back, therefore lower interest rates balance their books... that's why they can't do much. USA is out of whack!!!
When people complain about grocery prices instead of house prices. Meanwhile, their rent is higher than their grocery bill. The rates are too low and balloon asset prices.
Nope. Everything is already owned by an entity that will never have a need to sell any significant part of it's real estate portfolio. You can put rate upside down or double, nothing will change... In number terms for sure, but not in a real affordability.
@@eduard348 nope, lol
@@peters972 Tell that to Zers who need to work 4 lifetimes to earn a place to live somewhere where there are job opportunities. Sure lower rates will fix that... Nope, prices will proportionately rise. As always when rates fall. You are too detached from reality.
@ that’s why I said they are too low right? Did you even read my comment? No worries, have a nice day, wherever you may be
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Getting ready to get fired?
Fed can hold until we get to 2%. Wages have negative growth. Hiring will slow more.
Kashkari's insights suggest inflation is headed in the right direction, but it's a slow, careful process. Housing's improving too. 🏡📊
Kashkari is the right person to lead the fed rather than the chicken Powell
Small Caps Dip-buying Surging. VHAI 30 %.. today Vocodia.. Conversational AI tech. Frey and QS solid state EV batteries..Lev..Lion Electric.. Zapp Electric motorcycles.. Nkla Nikola 4 %...Xos Trucks... Hyln..2 % Hyliion.. BFRG.. GFAI and more.
End the FED !!! Kashkari has soo much data that it's stuck in his big head!
Every country in the world has a central bank like the FED, Russia, China, Germany, Japan, UK, Mexico, EVERY SINGLE COUNTRY has a FED. You need them in order to maintain a healthy economy so that they can raise the interest rate when inflation becomes a problem like they did. Just normal operation of the economy.
สุดท้ายก็ประโยคเดิมๆ😞
China trying to stimulate, Iran trying to negotiate. No need to step on gas anymore. Americans want deflation. So give it to them. Won't be hard. Just do nothing. With current rates.
the mummy!!!!
This guy sounds more like the Feds chair than the Feds chair! Hahahaaha!
Trump's coming to loot the Fed Balance Sheet -- greatest heist of all time
Meanwhile, the next cycle of inflation has already started in the background via markets. 1-2 year delay before it’s realized in tangible-goods purchases. Central bankers like this guy are constantly “false advertising” which should be considered illegal.
Trump needs to have this guy picked up and led away.
On what grounds? Becasue his skin is not white? Last time I checked we were not in the 1830s anymore
I'm worried about how little attention is given to the massive government deficits. They are inflationary, and Trump's tax cuts could make that worse.
That would just lead to higher interest rates in the future.
👀
3% gdp nominal growth by June. Below 2% inflation.
Didn't hear this much before the election.
They have a set schedule when they do public interviews. Nothing changed. The elections just created a lot of noise so maybe you didn't catch their interviews lol.
That is a lie, food inflation didn’t subside, and remain high. Please go to the grocery stores and look at the high prices
The current prices on food are the new norm with some volatility of course. YoY inflation builds on itself and prices never really go in reverse. All they can do using the current monetary policy is try to slow it and keep it low. The population doesn't see 2% as a threat YoY. Like a frog in a warming pot of water that doesn't understand that it will boil and eventually die in the rising temps.
When you have a war in one of the largest wheat exporting countries in the world which contributed to both human and animal feed and increased insurance prices because of houthis in the red Sea, things get more expensive. Grocery prices are also sticky, the effect inflation has is trailed by the actual inflation. Don't expect to have 2010 prices in 2020.
@@JustaStonr420 The USA and EU are both NET Wheat exporters so they actually benefited from the Ukraine war able to export at higher prices and increase in demand. Is this why food prices went up? A little bit but the #1 reason food prices are up are Wages. Since 2020 most US states and cities minimum wage has gone up dramatically, also companies have had to deal with shortage of manpower and competition over workers leading to even higher wages. For example Seattle minimum wage was $12 per hour in 2019, in 2024 it was $20 per hour. You cannot go from $12 to $20 per hour for workers without BIG price hikes. This is the biggest impact on prices. Food has limited automation and a lot of work is done by 2 hands so wages are #1 impact.
Blink twice if you think the economy is actually about to break, Neel.
He has no way to know, they are reacting to what the economy does not leading it. The economy is always unpredictable, will Americans spend more money in November then they did in October? How can he know that? You would have to knock on the door of every American and ask, and even then, they might have no idea either. People's psychology or needs drives their spending $$$, no one in the world can really know what's going to happen tomorrow.
IMHOTEP!
Medicare Plan B 2025 premiums up -5/6%. How we can keep inflation 2%
just 🦬 💩