Nick Timiraos, the chief economics correspondent for The Wall Street Journal who interviewed Fedral Reserve Chairman Jay Powell at the Future of Everything Festival, discusses the central bank’s moves and its impact on the economy.
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So they say people will not be buying homes because of higher interest rates, meanwhile, rents are skyrocketing. People who don't or can't buy will pay and pay and pay in rent.
Powell is in fantasy land. In two months inflation will break 10% yoy
Inflation is a quite and effective way for the government to transfer resources from the people to itself without raising taxes.
Federal Reserve? 🤔🤣🤔🤣
See how easy that is?
Before they continue to abuse ‘our tax dollars “. I would like to see an audit on “ OUR GOLD” reserve.
starting early is the best way of getting ahead tl built wealth, Investment remains the priority, the stoclk market has plenty opportunities to earn a decent payout, with the right skills and proper understanding of how the market works.
People- their are jobs unfilled like never before
So basically to resume all this BS they're talking they don't give sht. If you're broke or you don't have money or you don't have a job or you can't pay for your bills they just want to test to see how their system works I say buy cryptocurrency like Bitcoin xrp xlm silver gold anything that is away from Fiat
the other thing is why can't you all be asking these companies what are they doing for the customer with the higher prices
It’s the oil, supply and demand causing inflation, need to drill more and bring supplies up to drop prices, increasing interest rates are a traditional method but I think it’s putting the horse before the cart
Powell not give biden self 반신반의 약속파기 ㅡnot give passing out ok
The ret raise hurt the mortgage right? so why housing raises are not included in the inflation? Why did the FED never interfere to get the price of housing down? is it security for the banks and the government? So people who bought a house think the housing prices going up is good
6 Trillion printed paper dollars in the last 1.5 years…what's causing inflation…oh yeah low interest rates…
4 million home shortage…lets make it more expensive to build more homes…genius.
Greenspan is a doddering fool who should have been prosecuted for treason.
The corporations are out for blood. You guys need to stop lying and help fight this insanity.
Shame most people aren't smart enough to understand economics.
✊🇺🇸✊GOD HAVE MERCY OF UNITED STATES OF AMERICA AND KEEP THIS GREAT NATIÓN SAFE FROM EVILS AND THE ANTICHRIST IN THE NAME OF JESUSCHRIST AMÉN ✊🇮🇱✊
20% inflation in the 1970s was baby Boomers entering the workforce. It will hit 20% again because they are leaving the job market. Jesus! You're all idiots!
I will think inflation will get under control when we get to 4-5% savings rate. Until them let me sleep.
This will get much worse… Grow food and have many kids if you want this nation to thrive.
What we need Powell is for you and the witch from hell to be sent to the poor house.
Sorry pow , it’s already too late. Prepare accordingly
Trump 4yrs gave people confidence to have children.
Mom is out of general work force. Honor moms generation investment in USA future.
Biden War on petroleum will keep inflation continuing the balloon ride.
This is good my fellow Americans, everything is about to become super cheap (hopefully lol)
Stagflation is the agenda of the WEF…..Almost there! The fed has thrown money all over the world as loans. which will never been paid back…..Trillions!! The dollar must be ruïned, to be able to introdue the digital dollar AND ESG… That's the agenda of the Great reset of the WEF…. A NGO!!!!
12 to 18 months for a recession ! ! We already have 1 negative quarter,do you think this quarter is any better we will see in July , never believe these people there not here to help you. The new boy has no idea how to fight inflation!! Soft ball questions. 10 minutes of my life I won’t get back.
He waited too long to raise the rate.
I'd say asking 89 doll hairs for a basic unbrella is a pretty good sign of inflation.
The Fed reminds me of little gnomes riding in the back of a pickup with no driver and not being able to see forward where they are going.
To control inflation interest rates need to be higher than inflation, in USA case 9% interest rates
strong labor market???? where?
Feds stop inflation in the housing market but in nothing else. No one’s taking out a loan to by grocery’s.
The government must print more money 💴 and price controls!!!
FED WAITED TOOO LONG!
Paying $5,000 more a year to be called a radical racist maga lover. Priceless! The probability of being on a terror watch list for who I voted for is pretty awesome too. Thanks Joe! I have never felt so alive!
We are starting to see inflation coming down? Wtf are looking at? What a clown
They know exactly what they're doing.
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Tipping the table top tap dancing dame . She was a lovely gal had a brother named Sal that had curtailed to Guatemala.
The US needs a crushing recessing to bring down inflation and dramatically reduce the overinflated cost of home ownership. House prices need to drop by at least 50%.
The lady needs to have basic understanding that markets priced in everything months ago. A fed lecture doesn't always move markets
Prices can decline while inflation continues climb. Inflation is the over expanded money supply, banks are not just going to sit on piles of cash they are going to use this cash in the economy. No one wants to lose and with that we see countries bidding for fewer goods caused by the covid shut downs. Governments dont seem interested in trying to balance prices so consumers can recover, business can recover and we see savings grow not based on free money but based on savings from employment and trade.
GREENSPAN AND VOLKER
WE NEED U!!
I hope rates hit 25%
Stop overinflating home prices!
Raise the Rates Now!
This is no mistake
This show is the bench mark , Kudlow #2 Kudlow for president. We need a balanced budget an the only hope is old school brilliance.
The unemployment is this low because the pandemics people takes all and now they have to go to work don't use unemployment
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