Wall Street Journal chief economics correspondent Nick Timiraos discusses the Fed’s balance sheet ahead of Chairman Powell’s press conference and the impact of interest rates on the labor market.
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He should be investigated to see who paid him to run his 'fed pivot' BS
Speeding into a wall of stagflation . Go figure .
All lies!
everybody that is for abortion has already been born 💥 word
Despite the dip in crypto, i still thank you for my weekly profitable returns. I started stock and crypto investment with $4,345 and since following you for few weeks now ,I've gotten $10,539 in my portfolio Thanks so much Mrs. Alysia.
Hey Nick………do you need to go to the little boys room? "That's a great question Lee." lol He's adorable
Leave it to Joe to jack things up
all you 9.62% ibond holders rejoice! This will be a long time fix!
100 + million elderly americans are expected to die off in the next 10 years, hence the opening of borders to young migrants!!!1
economics disiformation chief!!!
i like to speed down the highway just to pizz off gang stalkers in AMERICA obstructing justice for a hand out.
Fed is clueless or lying
Fed thinks high unemployment and high prices is the recipe for success, more people on unemployment means that the Feds must print more money Yup sounds about right from this administration!
The Fed has to ensure that they don't go broke while the rest of us do.
Two Geeks errr Greeks 🙂.
As many dollars as printed, another 75 points is a joke😂👍America will experience hyperinflation like Germany years ago. The dollar has already lost over 90% of its value in just 100 years. But hey, who cares. After all, Helloween is… Got gold and silver?
Nick "and they'll look at lowering the interest rates in a couple of years." That moves us from recession to depression. Pulling money out of our hands through higher interest rates hurts small businesses, homeowners, and lower income families. AND it only addresses one aspect of inflation – too much money. The other essential part of inflation is too few goods and that part isn't being addressed. Many unemployed people aren't looking for work to increase production output. Instead they are living on state or federal benefits. The only fast way out of inflation without costing everyone their homes is through employment. The unemployment numbers are misleading since the people on public assistance aren't being captured in the unemployment numbers. If you prefer waiting in line for bread like a Russian that's on you but what are you going to do when the government has to cut the benefits?
Nick… "the Fed wants to slow labor demand." What!!! How is productivity going to catch up to demand? You want unemployment to increase? Total ruination for the US followed by China asking us to pay back the money we've borrowed from them. Then what? Thanks Joe for pumping borrowed money into an already recovering economy. Worst president EVER!
Hey I'm in York Pennsylvania and Joe Biden administration trying to get bridge to a new way to travel 🧳 but I spend money just because I have to take 3 bus 🚌🚌🚌 just to get to my job in a Town that only got one company tramportation
Until lawmakers stop foolish spending nothing will change.
Im starting to think there is SOOOO much money on the sidelines and overseas (exported inflation), that cutting rates isnt having the desired impact. Could the flood of individuals, corporations & countries getting rid of dollars and/or turning FIAT into real world goods, is more than enough to absorb this?
Or is this just a 1974-like lull, and its its going to take off again in 1.5-2+ years?
They want to be able to take over the housing and business in America. China has bought the largest meat packaging company in America. Also many of small businesses and farms in America. Biden allowed them to buy land around military installations in America. Get the picture yet?
What right do they have to raise or lower interest rates in the first place?
MB's voice is so loud and annoying. How does she talk for a living? Only in penal colony North America…
After a quick search,
This kid is not an economist. He is a spoiled privileged liberal from a rich family.
He knows nothing more than someone else tells him…
Sometimes you just gotta break something…
Wish they would raise the bank rate 2.5% or more to get the party started. Let’s get this crash going. I wanna see mortgage companies and realtors go broke and housing crash 50%. We need a massive crash, massive layoffs and pain to get the country to change. We need changes.
Stop rising interest rates!!!!
Powell has been saying for months that he would raise.75 through November then start doing.5 until goals achieved. .5 in Dec is not a pivot, it’s the plan.
For Powell to pretend his pace of rate increases is controlled is like an oil tanker helmsman thinking he can maneuver the tanker as promptly as he can ride a motorcycle.
Learning as they go. Lead footed rookies at the wheel about to drive the economy over a cliff.
It obvious this guy is fearful for his job…. hey, he's just the messenger, but you can never tell how folks will take Bad News
Somebody come cook me.a.spinach omolet .
Hahaha "speeding down the highway." The Fed hasn't even taken the slack out of rates yet. They should have started at 5% and went up from there. Screw the stock market parasites.
This man looks like a man no stupid goatees or filthy beard.
How about quit playing games and let the market dictate these needs? It can’t be any more dangerous then the current course of action of completely guessing.
Morning Maria🙏🕊️📖🦋🌷
Stopped using credit cards. In the last six months Wells Fargo has raised the interest rate every month. Stopped using entirely and paying down as quickly as possible. Stop using credit cards unless you are desperate to feed your kids. Using cash to buy gift cards for Christmas. It's going to be tight this year.
The FED will not fix the inflation problem. The FED will end up doing major damage to the US and global economies on its current course. Assuming the FED has sole responsibility fixing this mess and must do it in a zero sum vacuum is also completely ignorant. It’s time DC pivots on their massive spending spree and supply side regulation. The DC establishment politicians need to get some skin in the game instead of the FED and – in turn – the working stiffs carrying all the burden
And don't forget the 13 billion they just offered the "low income" peasants in heating assistance this winter. Keep buying them votes while driving the country into a brick wall. Vote, vote, vote!!!!!
Maria tomaz