Federal Reserve Chair Powell speaks after Fed lowers interest rates by half point - 9/18/2024
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- Опубліковано 18 вер 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
Yahoo Finance killed the press conference. Lol 😂
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 😂
Real
Honestly, this has left me uneasy. I'm now thinking of ways to protect my investment portfolio worth of $800k from a potential recession
Knowledgeable Investors know where and how to invest to maximize returns. See a market strategist with experience if you are unable to manage these market conditions.
Knowledgeable Investors know where and how to invest to maximize returns. See a market strategist with experience if you are unable to manage these market conditions.
Knowledg-eable Investors know where and how to invest to maximize returns. See a fiduciary with experience if you are unable to manage these market conditions.
Knowledg-eable Investors know where and how to invest to maximize returns. See a fiduciary with experience if you are unable to manage these market conditions.
You should better diversify your portfolio to defensive assets. If you don’t have good experience you should consult with an expert
Rates increase, inflation will increase and so will house prices and your rent :). Most americans lost on this deal
Heads up: a recession would drop prices, eliminate inflation, and effectively restart the economy on a stable growth path
The Lord said, on May 22, 2024 "they're cooking the books" we're on are on a collision course for a Great depression likened to 1929.
You also lose your job and income. what’s the difference between recession and depression? The duration? Severity or both?
We need inflation to erode the social security liability. We’re going to need higher wages and lower taxes and government spending just to continue paying SS and defense.
Easy money only benefits the elites and screws the regular folks. Paul Volker is turning over in his grave. End deficit soending and cut govt. let the markets set rates.
It's coming, don't worry about that.
Corrupt system and they want your vote. Brainwashed people wake up and think. Rate cut and why now? , because Democrats want your vote. Don’t be fooled by this.
put this man in prison
Powell will probably be in the unemployment line around Jan 20th I think, lol.
Inflation is higher then ever WTF! Car loans, rent, food, what a joke
Price are high but inflation is trajectory. Prices were high 12 months ago, and prices are 2.2 higher this August from last year's august. Prices go down if we have deflation (which isn't good), we need income to go up to equalize the high prices. Car loans, mortgages, and any other type of loan currently have high interest rates but have started coming down and will come down further with this 0.5% interest rate cut
@@timothybragayou're doing the lord's work but sadly I don't think a lot of these people commenting will listen or have the level of basic econ knowledge to understand you
@@brittle1thnk he is rather doing devils work...
and they will continue to rise, though at a lower rate now, as increased prices don't go away. Which isn't necessarily bad, but real wage growth would be nice
The message is "you're screwed"
He looks like a football coach who knows he’s been fired but it’s not public yet
No discussion on the national debt?
We really going to feel it now cut rates 👎😭
May God continue to bless the financial institutions of this country.
How do u make a mistake of miscalculating 818k jobs added?
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.
Unstable Economy-> Unemployment-> Still need for products and outputs -> AI takes our jobs as the "cheaper" labor force.
a good talk to help get me to sleep 😴
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.
The rich I think are getting richer much through asset price increases in the stock market and real estate. I watch a lot of various financial reporting and haven't heard people throwing around stats that suggest nobody is worse off. I think the CPI calculation isn't flawed for the purposes of monetary policy. However, it doesn't tell the whole story, which is, inflation hits the less well to do the hardest. Perhaps some new measures could be published to give this issue more visibility, though ultimately fixing inequality needs income redistribution, which is highly contentious depending on your political affiliation.
@@jesselee3391 I completely agree, the markets in real estate and on Wall Street keep on going up. As far as reports go discussing the CPI, they like to focus so much on headline inflation rather than core inflation which affects the common consumer so much more. Core is at 3.2% which is very unsustainable. I honestly think that whichever political affiliation someone leans, we won't be able to fix the ultimate underlying problem this country can't overcome. It's greed. The greed of yesterday is nothing like what it is like today. We can't keep printing more money being 34 trillion dollars in debt so the only place the rich can get richer is by allocating wealth from the middle class by owning more of this country's assets.
Man they laid on the sugarcoat pretty thick here. Who feels better off now than they did before the pandemic
I feel like us average simpletons are left with nothing. Put your heads down and work harder ❤
People have the choice to be simpletons or educated enough to at least make some wiser choices.
If you don't have any asset through
This is all bull. You can see it in his eyes 😢
That's just how he always looks when he stutters his way through a speech.
Corrupt system and it’s all about the election. Yes, we’re all stupid. Democrats want your vote. Don’t be fooled by their lies. Rate cut and why now?.
Define this?
Everything non dollar will appreciate
No update later on ?
Thanks to powell for Helping Trump & Republicans in winning 2024 election😂
Yep! Trump 2024 MAGA 🇺🇸 ❤
Does our tax pay dollars fund the shiddy production team? I cannot hear a thing with my volume at max.
Powell sounds a little on edge and standoffish.
It’s like a coach who knows he’s gonna get fired so he’s going down swinging
They all ask the same damn questions
I hope Trump fires Powell. TRUMP 2024 ❤
„Our main target in the last year has been inflation AND RIGHTLY SO!“
What a crap. Imported price shocks are not to be dealt with interest rate increases… especially the EZB shouldnt have done it…
The FED has decided to lower the prime interest rate by 0.5% today.
The reason for this reduction is that the economy is showing signs of recovery from the disastrous inflation rate caused by the Biden-Harris administration.
Kamala Harris does not get any credit for this reduction in the prime rate. Prices remain out of control and it is still difficult for American families to make ends meet.
Incorrect
You are clueless
100% Correct
You’re incorrect
I don't see a recovery sir. I see another bubble. I know the word stagflation sometimes gets thrown around, and most of us have never seen it. But no matter who the President is, I really think we might experience stagflation next year. These numbers don't make any sense.
Good Afternoon!
money goes brrrrrrrrrrrrrrr
Nothing to do with President election huh ?
With your 2nd grade education level, I am sure you know all about it.
@@DerbyKnowledge93Peasant.
Peasant.
100 points cut would have been bullish and 0 cut would have been bearish. he split the difference. i dont see the political slant.
So anything good that happens under Biden is a conspiracy and all good or bad is really awesome under Trump
Soft soft soft questions....
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 😢😅
Brics are very happy.
Streaming this on UA-cam, as much as I genuinely appreciate it, is wasted on most of the people here. Most don't even understand what inflation is 😔
Plz u tell us what is inflation
@@UsmanKhan-wo9hiits the rate at which goods and services get more expensive
@@brittle1 and for this unemployment rate would take increase
@@UsmanKhan-wo9hi higher interest rates lead to a slower economy, less consumer spending power, and sometimes leads to increasing unemployment but not always. In this recent case from 2022 until now, unemployment has only risen from about 3.5% to 4.2% about 7 bps.
@@brittle1 mr trump will slow down unemployment rate he Will do better for USA
Powell doing good Job 2. most imporant man in America influencing world economics worldwide
Tell me u r joking!!!
Inflation ran up prices on many necessary goods and services by 65 - 75%. Labor has been contracting as brick and mortor business has been shutting down. We actually need a recession to get back on track. Valuations on tech stocks have little to no correlation to NPV of future cash flows. Destructive to people on fixed incomes. Middle class losing ground by the day. Perfect example of home variables used can skew outcomes of statistical analysis
How, not home. Autocorrect sucks
Indeed. Valuations on tech stocks have little to no correlation to NPV of expected future cash flows.
Overvaluation. See stock splits and capital structure.
The Fed seems to have given up on controlling inflation. Total CPI up 2.5% and Core Core +1.5% CPI up 3.2% in August. On the other hand, the recession is accelerating. Americans’ spending power has shrunk, and credit card delinquency rates for those under 40 are approaching 10%. Delivery in the second half of this year is down from last year, and layoffs at small businesses with fewer than 100 employees are increasing. No matter what the media says, most Americans just miss Trump’s economy.
@@ubiquitous8947 I'll be voting for Trump for the first time ever this November. But I don't think he can fix this. We just spend too much money as Americans. If core CPI stays above 3%, I can't imagine Mr Powell cutting rates when the FED meets again.
Decouple from China.
inflation is not down , what world is he in. Unemployment is up. groceries are up, utilities are up. Gas is up.
Alot of that is due to price gouging by these big corporations.
@@Newsinfo4*quantitative easing & prolonged low interest rate environment
We are being priced gouged by corporations and grocery stores. That's not inflation it's corporate greedflation.
Inflation is a rate, not the actual prices of things. Deflation is the rate of price decrease
@@GG-kt2ukgrocery stores average around %2-3 net margins, hope this helps
The half point tells you everything you need to know as someone who want to school for this you don't drop a half point if everything is going good it's not prices are sky high and the increases in wages have not kept pace with the rise in all prices ...inflation in the last 4 years has gone up basically for 2 reasons ..1 all the free money Givin out since the pandemic and the minimum wage increases in many states...new jersey where I live has gone from 8.50 to 15.13 in 3 and half years that's an increases of 340.00 weekly to 605.00 weekly or 13,780 per employee per year with 8 employees I pay that's 110,240.00 per year now plus the double taxes on social security unemployment and other taxes plus 8 percent for workman's comp insurance plus the increase of food costs and the last 4 years flour 70 percent sugar 45 percent butter eggs ect up over 40 percent last four years ...nothing is affordable anymore and biden harris and company are to blame....its time fir a new leader
Agree, when I heard 50 basis points, it took me by surprise. If core inflation is at 3.2% why would the cut be so large? The Chairman messed up from the start calling the inflation transitory. The huge cut can only point to numbers the FED is watching and do not like. I was in the camp where he shouldn't cut until after the election. This is only going to make homes and the cost of living more expensive because it gives the illusion that everything is great. And the rich will spend even more.
@word123456789100 agreed not a trump guy but I'm voting for him because it was better with him in office as a leader good as a person not a fan and weather people realize we're in a recession and we'll find that out next year...as for inflation only idiots thought it was transitory
HALF!!!....HALF!!! (1/2) of point is nothing Powell!!!. you have money you can buy food and go on vacations because you have the money. you need to help the middle class and the poor. why are you doing this?????. WHY???........ do not give me all these fancy talk. Why???? are your doing this? does it make you feel good to see people struggle. dose it make you feel good that you are better then the poor and middle class. listen, you eat and poop and pee just like everyone else. you bleed just like everyone does. NO PRICES ARE WAY TO HIGH. AND LISTEN THIS CAN BRING DANGER TO OUR COUNTRY. PEOPLE WILL GET DESPRATE AND YOUR GOING TO HAVE A MESS IN YOUR HANDS. SO MY ADVISE TO YOU IS BRIG THOSE POINTS DOWN. PEOPLE ARE GETTING SICK AND TIRED. YOU ARE TEST BAD GROUNDS. DO NOT TEST THE PEOPLE. I SUGGEST THAT YOU GO BACK TO YOUR MEETING AND MEET WITH YOUR RICH COLLEAGUE AND SPEAK ABOUT WHAT CAN HAPPEN. YOU WILL NOT WANT TO HAVE A MESS IN THIS COUNTRY.
End the FES
PRESIDENT TRUMP IS ON A MISSION FROM GOD! GOD BLESS US!
PRESIDENT TRUMP WILL ALWAYS PUT AMERICA FIRST!
PRESIDENT TRUMP WILL BRING BACK WORLD PEACE AGAIN!
PRESIDENT TRUMP WILL MAKE AMERICA RESPECTED AGAIN!
His pockets first
@@sensation341dumb. When he was president, he gave his president salary to national parks and he’s actually losing more money trying to save this country. He’s being attacked by the democrats over accusations, courts fees, fines, etc.
Go Nasdaqiens
FED dollar is trash. They devalue your hardwork.
Perez Thomas Clark Paul Gonzalez Jason
I hope peach life with steadiness or smooth as an ordinary, no matter how the policy of currency, had even the policy of rates rising and cutting for those past years made sense for ordinary people? poor got poorer and rich got richer...
Powell has Harris Biden back. Need I say more???????????????????????
😂😂😂😂😂
Clueless Fed
The Lord said, on May 22, 2024 "they're cooking the books" we're on are on a collision course for a Great depression likened to 1929.
What's theft ? Oh, 2%
Weren’t they increasing rates to lower inflation? It has NOT worked. 🤦♀️
No, they increased them because of inflation. Inflation has been decreasing, so therefore rates decrease. Make sense?
It worked. What do you want? Deflation?
@@thomast7748it worked??? Lol. Inflation numbers are cooked. The only reason inflation came down is because of oil. Inflation is out of control. And will continue even hotter....with these lower rates. We in reality....are triple or quadruple the cooked cpi rate. Also look at u6 for real unemployment. Welcome stagflation
@@venutoa Not to mention the impact immigrants will have on inflation. 🤦♀️
@@hotdogstandmanInflation has been decreasing WHERE?!? Is food cheaper? Rent? Insurance? Eating out?
Last night, we went to our local ice cream parlor and bought four kid’s cups. The total was $44!!!
We were so shocked, the owner actually apologized for how high the prices were and explained it was because how expensive his supplies have gotten.
This drop is just a SHOW before the Election, to make it look like the Dparty is doing something after Trump called Kamala out on the debate stage.
I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
Wow that's huge, how do you make that much monthly?
I'm 37 and have been looking for ways to be successful, please how??
I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance
Since meeting expert Elizabeth , I now agree that with an expert managing your portfolio, the rate of profit high, with less risk.
YES!! That's actually her name (Elizabeth Liane) so many people have recommended highly about her and I'm just starting with her😊from Brisbane Australia 🇦🇺
Her name rings a bell; I've encountered it multiple times, usually associated with stories of her trading achievements. She deserves a lot of credit.
So convenient for fed governors to use hyperinflation to cover up stagflation. 😃😃😃😃
Pump & Dump
😊
Well Jerome, Arthur Burns would be very proud of you. Paul Volcker, not so much. You got it wrong at the beginning, and you’re getting it wrong at the end, but you did okay in the middle.
they prop up Wall St. ....but now its more inflation for Main St.
Bro gets triggeredd when they ask 30 questions in one
Why is the volume so low? I've got this cranked up and pray I don't get an email notification while watching this
The reason for a rate cut is labor market. But it is in good shape now, he stated. And, the economy is fine. His statement shows who the Fed is supporting in 2024 election.
Could be or the FED is looking at data that's not favorable in the future. With core inflation at 3.2%, this cut was too large. I agree the Chairman is probably in favor of Kamala but I don't know if he would risk this cut based on his political preference. Arthur Burns was Chairman of the FED in the 70's. He made some poor decisions as Chairman that are still talked about today. Hope Chairman Powell isn't following in his footsteps.
🥹I was crying tears of joy!!!
Can I know the reason why?
@@Mannyman2023 I made my first 6 figures because of this fed rate cut.🥲 at the age of 24 I come from nothing so it’s big for me next goal 1 million.
i want to know what world him and the rich and his colleagues live in. I just came from getting 5 items of groceries 43.00 for all of it. I gotta make that last the rest of the week.
الله ل يعطيك العافيه 😮
Will this effect our rent, grocery shopping interest rates and credit card interest rates. We make more money and we give that extra back for taxes will that change
You're not getting screwed by taxes right now. You're getting screwed by rampant capitalism, greedy companies. Without bipartisan legislation and policy, it won't change. Don't expect anything out of the GOP as they tend to just deregulate and let companies do what they want.
Banks, property tycoons will not reduce the rates! They are getting more richer!
The tricky thing about inflation is that we experience it every year but don't notice it. For example from 2010 to 2020 prices rose at an average of 19%. Since 2020 prices have increased 21%. Most of that increase have come from shelter, certain goods in the grocery store, and auto insurance. Prices will never go back down (that would be deflation, that's worse than inflation). Here's where it gets tricky, in order for prices to stabilize and not rise so quickly, rates climb to limit borrowing so as to slow the economy. The problem is the economy really hasn't slowed and core inflation is at 3.2%. This cut, with the combination of wages increasing will keep inflation higher repeating this scenario once again.
Yeah I got Lincoln s beard back on my penny maybe next year I'll have his face and the bowl and Harris have you heard of s revolving door the way THEY came in is the way they Go out