Former FDIC Vice Chairman Thomas Hoenig discusses the Federal Reserve’s 25 point rate hike, Chairman Jerome Powell’s comments, the rate hikes from the Bank of England, and the debt ceiling. #foxbusiness #morningswithmaria
Subscribe to Fox Business! https://bit.ly/2D9Cdse
Watch more Fox Business Video: https://video.foxbusiness.com
Watch Fox Business Network Live: http://www.foxnewsgo.com/
FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
Follow Fox Business on Facebook: https://www.facebook.com/FoxBusiness
Follow Fox Business on Twitter: https://twitter.com/foxbusiness
Follow Fox Business on Instagram: https://www.instagram.com/foxbusiness
source
Cut taxes and STOP spending and waste 💥. It’s that simple you morons 🤷♀️
Don't raise ! The celling -$$$
The numbers don't add up…layoffs & good paying jobs ! REPO ON CARS 🚗 IS BEGINNING
Lol, the US dollar has not maintained its value due to Fed policy. the petroleum market demand for USD is what kept the USD stable.
That is coming to an end and the Fed need to aggressive push an Edollar that is based on a basket of commodities that it chooses from if redeemed (gold, silver, platinum, nickel, lead, copper and aluminum)
Thomas Jefferson – 1787
"If the American people ever allow private banks to control the issue of their currency,
first by inflation, then by deflation, the banks and the corporations which grow up
around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered".
The Federal Reserve is Not Federal or a Reserve. It is a private Bank owned by One Family.
Vote Trump in 2024!!!
The Federal Reserve has a credibility problem, that is the tip of the iceberg, try the rest of of the government. The US government is a laughing stock to the rest of the world.
GROSSLY MANIPULATED NUMBERS ON CONSUMER PRICES! SICK TREATORS!
Federal Reserve Banks are not a part of the federal government, but they exist because of an act of Congress. Their purpose is to serve the public.
One they've failed in their purpose at every interval, they have absolutely no credibility, and they should no longer be allowed to exist.
Disinflation? Never heard that word, sounds more like disinformation!✌
0 credibility.
Democrat Pres. Wilson's, 1913 Creature from Jekyll Island "The Federal Reserve "has a Credibility Problem? Voted in on Dec.23,1913 most politicians away for Christmas vacation enough agreeable Politicians held back to pass the measure.. Democrat Pres.Joe Biden's 2021 destruction of the Southern Border is similar.Hello,Obama Care!
Because of these risks, the possibility of incurring substantial losses
exists, so before engaging in International Trading, I have carefully
considered whether it is appropriate for me.
I understand that foreign securities positions that are not in the
custody or control of NFS are not covered by SIPC or any additional
insurance secured by NFS.
I understand that Fidelity may limit, restrict or terminate my ability to
trade in certain foreign markets or certain currencies and may place
limits on the number or volume of foreign securities or currency
transactions in my account at any time and in Fidelity’s sole discretion.
I also understand that I may be required to maintain minimum net
equity levels in my brokerage account.
I understand that the terms of this document as well as the features,
functionality, limitations and requirements associated with the
International Trading program are subject to change at any time. I
further understand that Fidelity may terminate my ability to engage in
International Trading at anytime.
I understand that foreign securities positions will be reported on my
brokerage account statement in local currency where available, and
also in U.S. Dollars. I further understand that my statement will not
refl ect gain or loss information regarding my foreign currency
transactions.
I agree to indemnify and hold harmless Fidelity, its affi liates and their
respective offi cers, directors, employees and agents from and against
any and all losses, claims or fi nancial obligations (“Losses”) that may
arise from any act or omission by me or my Authorized agent(s)/
Advisor(s) with respect to my account, including Losses arising out of
or relating to International Trading that I or my Authorized agent(s)/
Advisor(s) may transact on my behalf.
FOREIGN CURRENCY EXCHANGE RISK DISCLOSURE
STATEMENT
While this brief statement cannot disclose all risks associated with
trading in foreign currency, when considering whether to trade or
authorize someone else to trade foreign currency for you, you should
be aware of the following:
The risk of loss in trading foreign currency can be substan tial. You should therefore carefully consider whether such trading
is suitable for you in light of your fi nancial condition, risk
tolerance and understanding of foreign markets.
Cash Held in Foreign Currency. To the extent that you hold all
or a portion of your cash assets in a currency other than your
local currency, you may suffer currency losses from unfavorable
exchange rate movements that reduce the value of your cash
assets as measured against your local currency. These potential
losses could leave you without suffi cient cash to pay planned
expenses or other liabilities.
Impossible to liquidate. Under certain market conditions, you
may fi nd it diffi cult or impossible to liquidate a position. This can
occur, for example when a currency is deregulated or fi xed
trading bands are widened. Certain currencies may not be
available to transact through Fidelity. Exchange practices
including currency controls may change from time to time without
notice to you. As a result, it is important that you understand the
practices in the foreign markets in which you trade.
Currency trading is speculative and volatile. Currency prices
are highly volatile. Price movements for currencies are infl u enced by, among other things: changing supply-demand
relationships, trade, fi scal, monetary, exchange control programs
and policies of governments; United States and foreign political
and economic events and policies; changes in national and
international interest rates and infl ation; currency devaluation;
and sentiment of the market place. None of these factors can be
controlled by you or any individual advisor and no assurance can
be given that you will not incur losses from such events.
Currency trading presents unique risks. Fidelity through its
affi liate Fidelity FOREX, Inc. may refuse to quote prices for
certain currencies or quote wide spreads for currencies that are
experiencing high levels of volatility.
Broker compensation. Fidelity serves as agent rather than
principal to the foreign currency transaction. Fidelity sends the
transaction to Fidelity FOREX, Inc. for the foreign exchange
transaction. Fidelity FOREX is an affi liate of Fidelity. Fidelity
FOREX acts as a principal on the currency exchange. Fidelity
FOREX may impose a commission or markup to the price they
receive from the interbank market which may result in a higher
price to you. Fidelity FOREX may in turn share a portion of any
foreign exchange commission or markup with Fidelity. More
favorable exchange rates may be available through third parties
not affi liated with NFS. Furthermore larger transactions for
foreign currency may receive more favorable rates than
smaller transactions.
Foreign Currency Balances. I understand that credit balances
in foreign currency may or may not earn interest.
INTERNATIONAL MARKET DATA TERMS OF USE
In addition to the rights, restrictions and obligations set forth in
agreement(s) that you have entered into with Fidelity or your
broker-dealer including the Terms of Use for Third Party Market Data,
your use of market data is subject to the following terms:
Market data shall be for internal use only, and redistribution, publica tion and/or the creation of derivative works (including the creation of
indices or databases) is prohibited unless you have the required
approvals from Fidelity or third party licensors as may be necessary
granting redistribution rights of such market data. You understand and
acknowledge that each third party licensor has a proprietary interest in
market data services and other information that originates on or
derives from it or its markets, and applicable trademarks and
copyrights shall be maintained with respect to such third party
services. If a third-party licensor ceases to make its service available
to Fidelity or requires Fidelity to suspend or terminate the provision of
all or any part of its services to you, or if Fidelity terminates its
arrangements with the third-party licensor, then Fidelity may suspend
or terminate that part of its services immediately without notice or
further obligation to you.
You agree to indemnify and hold harmless Fidelity and its third party
licensors from and against any and all claims, demands, actions,
losses, damages, liability, or costs, charges, counsel fees, and
expenses of any nature (“Losses”) arising from or occasioned by (a)
any inaccuracy, error, or delay in, or omission of, (i) any market data
(ii) the transmission or delivery of any market data, or (b) any Losses
arising from or occasioned by (i) any such inaccuracy, error, delay, or
omission, (ii) nonperformance, or (iii) interruption of any market data
Deutsch bank Singapore bank Mitsubishi bank the exchange and Mathews trust EU Canada bank
I was in a hit as a kid
This is an insurance hit
I have fdic relocation insurance
My exis a dual citizen in Japan federation of American scientist 30-year tenure professor who sure on board of trustees for Notre Dame nuclear astrophysicist
This man speaking is exactly correct about an econimic stragetist
The markets paying attention already just raising the fed interest yesterday will collapse this economy real soon watch bad move
I agree someone commited about the government not being competent Thier dumb that's democrats for yah always promising things and doing nothing for Americans
Jerome Powell thinks he won no inflation did everything that happened we were this close to reducing inflation that's why inflation's going to run away on its own interest rates went to high to fast bad move
Nice…i Missed watching videos from this channel, The current inflation got me so busy with work I'm celebrating a $16k Crypto portfolio today. I started this journey with $3000 have invested on time and also with the right tearn now I have time for my family and the life ahead of me
Dollars to donuts, this disinflation will be transitory.
The biden administration is the one with the credibility problem the biden administration has none,none at ALL.
My electric bill is up 50%.
The only thing deflated is his grasp of reality !!!
The Fed got their marching orders. Do as told or go. Everything higher than ever WE THE PEOPLE ARE STRUGGLING IN THIS BIDEN AMERICA, WE SHALL OVERCOME.
The time will be exactly 4 years
The FED has a credibility problem? How about the entire fookin federal government!!!!!! The FED is a cartel and is getting obscenely rich getting paid to do the job given to congress in Article 10 of the Constitution. It's ALL 100% corrupt down to the roots.
Ok thanks for that but what about solving crimes how are we going to work that out
The fed are the biggest counterfeiters in history, paper is unlawful, and lending fake money is illegal. Constitutionality money is gold, silver! The debt is big lie . You can’t collect interest on loans when the money was fake !
The "FEDERAL RESERVE" is neither Federal nor does it Reserve anything: of course it has a credibility problem, it is not even honest with what it is!