The Fed has done ‘enormous’ damage already: Steve Forbes



Forbes Media chairman Steve Forbes discusses how food prices are still on the rise and the damage the Fed has done on ‘Fox Business Tonight.’

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21 comments

  1. The NASDAQ Futures cheated today and gapped up to the weekly SMA(20) line (12,032) then backtested all day. This market still has legs to rally higher. I share all of my entry/exit trades so you can be a better trader or investor.

  2. Yes I went to the grocery store and I had to pay $5.49 for a dozen of organic eggs. I am like maybe I need to start rasing chickens… Lol 🤣🤣🤣 food is really High. I think they know this already. Not poor but cutting ✂️ back on Xmas gifts. Not buying toys and other stuff but they are going to get their first 1 oz silver bullion coins this Christmas

  3. We're facing a liquidity crisis. The entire system is based on debt

  4. Biden and his fellow muppets Are completely Ignorant.

  5. Doesn’t matter democrats are voting democrat no matter what the tax rate is

  6. This proves to you the Federal government would rather make everybody poor and ruin lives than to help or bring down their Out of Control Spending.

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  9. Who cares! DEMS avoided election accountability but God's wrath will condemn and judge them for setting up America for a catastrophic trajectory of failure! SHAMEFUL!!! 👎

  10. Forbes, you are an idiot. Interest rates need to go far higher, for MUCH longer, especially after what just happened in the mid-terms.
    Getting inflation slowed is not the objective, managing a soft landing for 50% DEFLATION back to 2018 prices is where we need to head, to restore existing pensioner's purchasing power.

  11. Inflation, crime and open borders are just fine with the majority of people in this country….See mid term results.

  12. Prices may seem to go down, but the quantity you purchase is less for a higher price , interest rates will continue to rise

  13. The FED isn't damaging the economy, inflation is. The FED is only reacting with the very few tools it has.

    I lived through the inflationary economy of the 1970s. It was no fun. Inflation was persistent because the FED eased interest rates way to early and then we had to start all over again. Let Powel and the reserve board make the decision. Don't listen to all these Monday morning quarterbacks.

  14. Tired of stolen elections. The elections need to be from a cell phone to the blockchain or something. Democrats have a deep history of ballot box stuffing. And Republicans, Trump, and Jesse Waters are calling for "more paper!!!!!" I won't believe in elections again until such a technology is accepted.

  15. food prices are on the rise because of greedy capitalists. there is no other reason for it. they can, they have the opportunity, and they will make the american people suffer. if they have to pay their fair share to live and do business in this country they are going to pass that cost onto their loyal consumers. neighbors, friends and families.

  16. Very soon USA citizens will revolt, than we have Russia, China,Saudi,Iran and all Asian Nations against USA.
    Finely the Eurasian Continent all merge, that is the History of the new Roman Empire that will come back stronger than never before.
    Those words we're mentioned by the Roman Emperors.
    I am kapteni Nimolya Ex Guerrilla Freedom Fighter and ashamed of my representatives, that have destroyed this Nation.

  17. The fed is nothing but a pack of financial witch doctors, crystal ball gazers and tarot card readers that does more than anyone or anything else in this country to F____ up the economy!!!! They use methodology right out of Das Kapital!!!!! Get rid of them!!!!!!

  18. Must do a thorough election investigation:

    – Why the late Democrat Tony DeLuca (who died on 9 October) can be re-elected by a landslide (? more than 85% of votes) as a Pennsylvania’s state representative ?

    – Why the disable Democrat John Fetterman (who suffers from stroke from May) can be elected as a Pennsylvania’s senator ?

  19. The Fed is not even a govt agency., They are controlled by the banks. We need to End the Fed. Can anyone explain why the Fed prints money (actually just pushes buttons and creates digital money) and we (tax payers) pay interest for it???
    End the Fed

  20. See the videos of Milton Friedman back in the 70s to see the Reality and Future ! We sure could use his wisdom Now ! 😢