Federal Reserve chairman Jerome Powell announced the sixth interest rate hike this year. NBC News’ Tom Costello reports on the potential impact of the raise on inflation and on the jobs market.
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Joe Biden and the Democrats received the best economy from President Trump and in two years they fukd' it all up.
Watching the rich raise interest rates that’s crushing working people makes me hate this country. Capitalism is evil.
The guys can't add how is interest rates still less than inflation going to do anything. I was told long ago the constitution was created to protect me from the government when the government ignores where it says "backed by silver and gold coinage" it went off the rails. 1917
Vote RED!
dirt paying jobs are added. in engineering job there is surplus of employees and they are laying off in bulk, very poor coverage of this issue NBC. do your research don't just repeat what politicians say
Rofl. Ppl complaining they are being held back to borrow money. Lol. In the long run, it is good for you, ppl. Shop less this holiday… if you are willing to pay rate from credit card for holiday shopping… then ya… you should stop living your “best life” till you actually have the cash to pay, not borrowed money. You won’t die for shopping less, hold off buying a house… etc. Save your money in the mean time.
When the pandemic hit there was a real fear that millions of businesses would go under and that Americans would lose their jobs, lose their homes and not have enough money for food. The Federal Reserve cut interest rates to almost zero and increased the money supply. Congress also sent out stimulus checks, gave out business loans and made laws so people could delay rent. This got America through the pandemic but now America and the rest of the world is dealing with massive inflation. Right now the American economy is doing well but unfortunately too well. We have low unemployment and high demand for goods and services which causes prices to go up. The Federal Reserve is now raising interest rates so that a mild recession occurs so that inflation goes below 2%. It may take awhile to have a “normal” economy again but we will get there.
If you voted democrat don't complain, you deserve everything that is coming.
Feds aka “owners” CREATED inflation by intentionally infusing enormous amounts of money without any value, across the globe in all poppet “states” (countries or unions). Let me repeat “INTENTIONALLY” (by plan and design) to create all of the monetary events we are seeing and experiencing, for one and only one reason;
“Largest wealth transfer in the modern human history” (ultra rich are collecting benefits of these events, while middle class is slowly but surely disappearing) “AS PLANED”.
Everything else you see and hear is simple “lie”.
6…the magic number
The prices of goods, gas and services come down the economy will explode! We will be signing visas and exporting like crazy.
Trash rich people just can't get it through their thick skulls.
The banksters need to harvest our 401K's to pay for their own excesses.
I just got a call from my lender who asked if there was any money I might need for Christmas. My guess, they want to lock my fixed rate loan into something much bigger. I won't fall for that trick.
What did you expect after the mambo Jambo guy rised to the highest office in the world?
What did you expect when the Fed put all those stimulus checks during Covid in the hands of Americans and Canadians? All that freshly printed money put into play makes inflation happen…NOT the current president, but Trump’s administration did it.
The trickle down of all that extra money is now affecting us with inflation. This is what is causing high food prices, exploding fuel costs, and high interest rates.
Govt should have let people go to work back then, instead of putting them on permanent dependency on the government dime. Now everyone has to pay, and pay BIG
people are very unlawful to there president Joe Biden did and Donald Trump and Barack Obama they said to Down syndrome kids never get a job due to the Pandemic
not any down syndrome kids are paying a job give them 30 years for all people are down syndrome paying roll on the job Employee workers like down syndrome in 2035
Welcome 2 tha great reset……great isn't it???
Minimum wage 20 thousand a year
Jobs at restaurants does not = high paying jobs.
Extremely Intelligent move by the Fed.
Honestly, they probably should never drop it below 2-3%; It'd stop inflation in it's tracks & in so doing put more money into the pockets of hard working Americans instead of the banks.
Americans can then save more & use that to make a bigger down payment.
American taxpayers also benefit because the Fed is making money which can be reinvested in infrastructure.
Also, it acts as a shield against risky economic practices that cause bubbles to pop.
Americans simply need to learn to be better with the money they earn instead of relaying on debt so much, which isn't healthy.
Commodities
Gold policy
👆 – FIND LOVE ON THE BEST DATING SITE 💗♂l💑
Democracy is not putting us in debt to the point of self Destruction, so Biden why more lies why not focus on the debt problems your creating in the first place, Trump was right the Democrat party is our worst enemy.
And we will keep having idiotic news casts with anchors acting surprised home prices are dropping for the next year. Big surprise people, interest rates go up and home values go down accordingly.
It hey atleast no more orange man right?
Democrats are High Interest Rate DENIERS