After keeping interest rates unchanged at 23-year highs, Federal Reserve Chair Jerome Powell told reporters that “it’s unlikely the next policy rate move will be a hike.” Powell pointed to a lack of further progress in bringing inflation down to 2% and noted that the path forward is “uncertain.” He also dismissed talk of stagflation and outlined economic scenarios in which the Fed would consider cutting rates, holding steady, or hiking.
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The Fed knows there's nothing they can realistically do, but obviously they can"t admit that. Unless they go completely berserk and raise the federal funds rate sky high, inflation will continue to rise. Sure, it will bankrupt the government, but our government needs a good cold reset anyway…
10yr will be yeilding 10% sometime in 2025!
He's lost relevance.
stop funding wars ,that might help
This guy speaks babble. As many times as he needs to clear his throat tells me we are listening to a flood of lies.
The rest of the world needs to dedollarize asap.
Ya bs is right . 🖕🖕🖕🖕🖕
Trump becomes president.. fire this SOB.
I'm betting we will see above 4% employment with over 3% inflation. Stagflation. Buy high sell low.
Personally I’m hoping this will drop the price of gold at least for a little while, so I can go out and buy a little more before it starts rocketing up again!
Shrinkflation stagflation inflation it’s all from 0% interest rates from bailouts in 08 train takes a great long time to get rolling Covid and inflation is here to stay .GDP growth has shrunk in real terms but it’s transitory raise rates to 10% for a bit and inflation will go to 2%😊
Raise the rate before the entire middle class is on social services programs. Powell knows the true Inflation rate is much higher then the numbers being reported. Could be north of 10 %.
You would never know from this clown that he's riding a runaway train.
Gov. Tax burden on people rising
Gov. Have to buy diamond and platinum and leave gold and silver for coming people
Wow, that is just an outright lie now
The mask is coming off
Oh dear……let alone the aged , poor an homeless, the working an middle class are really in for it!😢
🤡 2 %
They only focus on demand side inflation control but ignore supply side inflation control. For example more affordable energy, less red tape control, expedite production holdups, more cohesive society, better relations with trade partners, efficiency measures, cut gov spending. But they don't do that.
Good news for who🤔 please don’t lied 😢
🤣😂 No need to watch comedy movies.
Dude should quit smoking & start telling the truth.
Does this guy even believe his own BS?
So defensive about stagflation. Oh its going to happen. Smh
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