Federal Reserve Chair Jerome Powell addresses rate hike



The Federal Reserve raised its benchmark interest rate 0.75%, repeating the same hike it instituted last month.

#ABCNews #federalreserve #inflation #interestrates

Original source (ABC/Youtube)

23 comments

  1. THE MERCENARY now on Amazon prime extreme violence by former 2REP FFL SNIPER ……………

  2. MacArthur was credited with having said, "The failure of history in war can almost always be summed up in two words: 'Too Late.'"

    Had Powell implemented a series of regular, predictable quarter-point increases sooner (even if only starting a year or so ago), people would have taken them in stride. And had he given assurances that he was planning to take such a "slow and steady course" for the foreseeable future, it could have eliminated a great deal of uncertainty, which is one of the worst enemies of the Stock Market.

    Now, with two 75 basis point hikes in less than two months, wouldn't be surprised if it has the effect of throwing a figurative bucket of ice-cold water on our Economy.

    And as for inflation, throwing billions of dollars at people without them having to work for it? Anyone who stayed awake during Macro-Economics 101 could see that doing so would cause "Demand-Pull Inflation."

  3. Funny how the government demanded wage hikes, now they raised rates to collect money from the same wage hikes they demanded,American government at its best!

  4. Doesn't matter when you're poor and life sucks

  5. Brandon’s inflation is at a 41 year high! His 28% approval rating, even with a biased msm and social media, screams… Let’s go Brandon! I agree!

  6. It's simple.Stop printing and spending!

  7. Welcome to the economic recession of 2022, compliments of Joe Biden's incompetence and stupidity! Great job, idiotic Brandon!!

  8. ⏳………. 💵🖨🔁!

  9. Truth is capitalism doesn't work when unemployment is low, and everyone is doing good. Someone has to suffer in order to bring inflation down for the rest of us.

  10. ♥️𝗧𝗿𝗲𝗻𝗱𝗶𝗻𝗴 𝗮𝗱𝘂𝗹𝘁 𝗽𝗼𝗿𝗻 𝘃𝗶𝗱𝗲𝗼𝘀 𝗼𝗻𝗹𝘆❤️ Alles sehr schön. Aber zuerst zusammen die Nummern 10 und 1. Eine warmthh.Online Brünette und eine andere Blondine. Es wäre unfaire, wenn ich 4 wählen würde

  11. The problem with this press conference is, for one, the Federal Reserve CAUSED the issue of inflation. By printing money incessantly at a higher level than in the past, it increased the inflation we see today. Not being honest about one's actual role in the matter is one thing, but attempting to fix it while continuing to do the same thing that got us here, it is irresponsible.

  12. After losing so much to stock market, One best investment decision I ever made afterwards was investing in financial markets. Which has earned me $34,970 profit every 14days lately. Trust me guys it pays a lot…

  13. Thanks Joe.. See you at tomorrow’s Q2 report and the official announcement of the Biden recession, as more fantastic news .. (If you’re Putin, Xi, or an OPEC theocrat, plutocrat, etc.. )

  14. Recession coming unless the left tries to redefine recession once again

  15. So the fed gives themselves more money while making everything we buy cost more.

  16. Biden is not Obama, that is a fact. The Obama administration saved the country from the resection of what Bush left the country. I really doubt that Biden has the moral core to do the same.

  17. You F ing hypocrites…..your the ones who put us here.

  18. Alles sehr schön. Aber zuerst zusammen die Nummern 10 und 1. Eine sleepfriendd.Online Brünette und eine anderej Blondine. Es wäre unfair, wenn ich 4 wählen würde

  19. The truth is we need to work together to counter the Nazi menace right now, like our grandparents did, but instead of a Nazi menace its the Russians and the Chinese and they have the oil advantage, working together is the main point and even though America is very divided right now i hope they can come together when it counts, republicans and democrats both fall if America is defeated

  20. Screw this clown, the fed is cratering America and pushing us into a recession.

  21. Biden and the democrats are destroying America.