Fed Chair Jerome Powell: The 2024 60 Minutes Interview

Рет қаралды 899,893

3 ай бұрын

Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country’s banks and more. Scott Pelley reports.
#news #economy #federalreserve
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Пікірлер: 3 900

@2wheel_freedom 3 ай бұрын

How is this 60 minutes ? We only got 13 mins. Dang Shrinkflation !

@esousa486 3 ай бұрын

LOLOL 🤫😝

@bassfan71 3 ай бұрын

😤😤😤 Facts

@yawzerdoink-a-sore-as8159 3 ай бұрын

60 minutes used to be 60 minutes, we we decided to make that 13 minutes 😂 “three quarters of negative GDP is NOT a recession” 😂

@good8072 3 ай бұрын

HAHAHAHAH

@ostricalungimirante 3 ай бұрын

HHHHHH😂😂😂😂😂

@esousa486 3 ай бұрын

A "sincere THANK YOU" to 60 MINUTES for allowing us all to post our comments on here !!!! Others like PBS always "Turn Off" comments on such matters !!!

@networth00 3 ай бұрын

Thank you for free speech? Have we really gotten to that point?

@EricHartnett-wh1lv 3 ай бұрын

And now if KZfaq overlords would show the dislikes count, oh wait we're not worthy of such information... clown World

@williebeamon3083 3 ай бұрын

Well how else will the government see feedback.

@bigpuffyfluff 3 ай бұрын

@@networth00 the ability of whether or not you can comment on youtube isn't "free speech" 😂

@honestbusiness1371 3 ай бұрын

Have you read many posts? If so what value did they really have. 1/3 of posts are generated by AI and Foreign groups.

@inittowinit928 3 ай бұрын

If the CPI is so accurate, why don’t they include taxes in the calculation? It is the biggest expense to the people, yet it is not included in the inflation calculation.

@MckensyLong 3 ай бұрын

My first impression is because it doesnt look good. But wonder if its because it creates an infinite loop, as inflation rises, taxes go up exponentially. If you double your income, you pay more than double in taxes. Meaning it's a net loss. (and doesnt apply equally depending on where you start) Its hardest for the lower and middle income brackets. if i make $100 Taxes is $30 Cost of living is $70... $100 of $100 Now i make $200 (move into a higher tax bracket) Taxes is $70 Cost of living is $140... $210 of $200 I'm negative $10. Wife and I were able to increase our income nearly 50% with my wife taking on some other income. We still feel like were negative 20% from the year or 2 prior. I couldnt imagine if we didnt take on the extra work, like most people cannot. I suppose if you own a house, and a car at low interest rates and your job stayed the same the effect on you personally wasn't as much as someone whose rent nearly doubled.

@happyjohn1656 Ай бұрын

@@MckensyLonggood theory

@ktgiang 3 ай бұрын

Thank goodness KZfaq cut out 47 minutes of network TV ads

@dertythegrower 3 ай бұрын

This isnt the whole episode... so many people love to copy the top comment even when the reply is incorrect... sheesh

@WiolciaMrozowska531 3 ай бұрын

John Desmond Heppolette's approach is pivotal for achieving success in the realm of online commerce. His management group has showcased outstanding effectiveness, and I also value the content available on his KZfaq channel...

@WiolciaMrozowska531 3 ай бұрын

he's mostly on Telegrams, using the user name.

@WiolciaMrozowska531 3 ай бұрын

He is verified..

@WiolciaMrozowska531 3 ай бұрын

Johndeshep934

@derrickjohnston8477 3 ай бұрын

1 million per household of debt. That is freaking absurd. He literally said we cant keep this up forever.

@khaledalromih 3 ай бұрын

Freedom isn’t free

@pinewood6340 3 ай бұрын

@@khaledalromihyes it is. but not when they've been stealing from you for 50 years with the threat of jail if you don't like it

@hakim4679 3 ай бұрын

They refuse to Tax the wealthy and decrease their tax breaks. Can't blame welfare when we went form a single income supporting a family to dual incomes barely supporting each other.

@xxyyzz8464 3 ай бұрын

I agree it is unsustainable and lawmakers need to stop spending more than we earn and produce, but he said $1M/household in 30 years. That’s equivalent to about $250k today.

@antoniolyons2881 3 ай бұрын

We don't need to worry about government in a country where the government has legal authority of the currency that debt is issued. It can just create the cash needed to pay the interest.

@markbrier8717 3 ай бұрын

Why the hell diid this interview not talk about housing costs? Who cares about the price of hotdogs when we are being devastated by rents, insurance and property taxes????

@theroldan8013 3 ай бұрын

cos you are cannon fodder for ww3 who cares

@jeffjenkins-ks4sn 3 ай бұрын

Bc it’s Cbs. They are trying to convince you that everything Biden has done is fine and things will get better as long as you keep Biden in. Ridiculous

@Tsunseyu 3 ай бұрын

I know, right?!? I’m a disabled veteran trying to get housing and anything that qualifies for the VA loan and anything anywhere near my job is way too expensive for me. It’s hard to find anything that both qualifies for the VA home loan and remains something I can afford. 🙏🏼🧘

@loriurias110 3 ай бұрын

Property tax is on the state . Corporate profits are an all time high. Overpriced housing is on property owners making their profits to reinvest in MORE property. Change taxes on the rich, make corporations pay their fare share. They use roads, infrastructure, and benefit from all we pay for, while not increasing pay for labor, admin assistants, etc. Just a thought.

@abdulrahmanraheem423 3 ай бұрын

Exactly! Housing is the biggest problem if u ask me.

@LetsPayOFFAmericasDebt 3 ай бұрын

I wish the Government and Fed explain to people that we need to tolerate high rates FOR A LONG TIME for OUR FUTURE GOOD. Instead, we have this constant hype of when the rates will be cut.

@carlosgrunow3740 3 ай бұрын

LOL that’s what the news does he tells you pretty direct during video

@thomasecosse 2 ай бұрын

11:05 This question and answer is perhaps the single most significant statement that I have heard coming from a person of such significant authority, not only the American people but people of democratic nations worldwide. Listen to it a couple of times, just to absorb what Jerome Powell said and think about this very intelligent man's words. Thank you, Mr. JP. 27 02 2024 UK

@goldsbym 3 ай бұрын

My grandfather in the 70's made $4.50 per hour. Had a 4 bedroom house, two nice cars, good food on the table, grandmother did not work, and we went to the movies every weekend. WTH is happening today?

@MsJenniferinNYC 3 ай бұрын

American Dream is DEAD. HAS BEEN DEAD

@stage51manager 3 ай бұрын

That was 50 years ago.

@goldsbym 3 ай бұрын

@@stage51manager my point exactly. He lived the American dream on 40 hrs per week at $4.50 an hour. One household income paid for everything. Today the cost of living is so high it takes 2 people making $20 per hour to live the same.

@stage51manager 3 ай бұрын

@@goldsbym Capitalism was strong 50+ years ago. Flash forward today. I’m making about $26 an hour at my full time job. I do have a house 🏠 4 bedroom, two baths. My mortgage payment is off the roof. (I won’t get too much into details) However I don’t have any children, (which is a good thing, nothing personal) I only have 1 car, (which is payed off). I’m dating a woman 🧍‍♀️ been dating for about four years. (not a serious relationship) Plus I have a 2nd job part time on call, $21 an hour, and I have some side jobs, side gigs on the weekends. I live all by myself in my 4 bedroom house 🏠 Call it whatever American Dream American NIGHTMARE. The comedian George Carlin predicted all this stuff 🇺🇸🔮

@DanielLarsonofficia 3 ай бұрын

The fed we need to abolish the federal reserve

@billballeza377 3 ай бұрын

The price of a hamburger will never drop from ten bucks, nor the price of a cocktail from seventeen bucks. All while everyone in service turns an iPad towards you asking for higher tips.

@kimbuck2177 3 ай бұрын

I love hitting the ZERO button.

@96mryomama 3 ай бұрын

Yes because deflation is a sign of a dying economy.

@user-dg7df3sv7r 3 ай бұрын

and, if the merchant is using Square, an automatic percentage is charged to you - which no one mentions & most aren't even aware they are paying it. Regardless, I don't blame that on J Powell. I'm not even an 'armchair' economist but, fwiw, I think he's done a remarkable job of navigating *numerous complex systems*

@gerrypeet4861 3 ай бұрын

Maybe you should in instead of eating out.

@digitalpacs 3 ай бұрын

That's why we eat at home, more healthy, taste better, and don't have to worry about not filling guilty about not tipping on take outs.

@king.bob1246 3 ай бұрын

Let's check back in 9 months

@adamik2271 3 ай бұрын

Rate cuts now!!!!

@dannyaoalsson 3 ай бұрын

Layoffs in the Biden economy in the last month: 1. Twitch: 35% of workforce 2. Hasbro: 20% of workforce 3. Spotify: 17% of workforce 4. Levi's: 15% of workforce 5. Zerox: 15% of workforce 6. Qualtrics: 14% of workforce 7. Wayfair: 13% of workforce 8. Duolingo: 10% of workforce 9. Washington Post: 10% of workforce 10. eBay: 9% of workforce 11. Business Insider: 8% of workforce 12. Paypal: 7% of workforce 13. Charles Schwab: 6% of workforce 14. UPS: 2% of workforce 15. Blackrock: 3% of workforce 16. Citigroup: 20,000 employees 17. Pixar: 1,300 employees 18. UPS: 12,000 employees 19. Zoom 2% of workforce 20. Okta 7% of workforce Amazing how fast America sniffed this weeks jobs report out as complete lies due to Biden's government reporting in an election year.

@makeart5070 3 ай бұрын

It's transitory

@TATTEDGAY 3 ай бұрын

People have said that for 3 years …

@xiaoka 3 ай бұрын

It seems like a lot of republicans are angry that we haven't had a recession yet...

@gautruc 3 ай бұрын

I think it's the first time the channel turns on comment section. It's worthy.

@e5m956 3 ай бұрын

Any video that has comments disabled gets an automatic thumbs down from me. Always give videos with comments disabled thumbs down to put it down on the algorithm.

@thomasecosse 2 ай бұрын

@jacksonlucas5933 3 ай бұрын

The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.

@blessingpeter5681 3 ай бұрын

The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

@Henrydonald1 3 ай бұрын

I agree. Based on personal experience working with an investment advisor, I currently have $385k in a well-diversified portfolio that has experienced exponential growth. It’s not only about having money to invest in stocks ,but you also need to be knowledgeable,persistent,and have strong hands to back it up.

@Maryconnell256 3 ай бұрын

I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up .

@Henrydonald1 3 ай бұрын

Sure, the investment-advisor that guides me is..

@Henrydonald1 3 ай бұрын

MARY TERESE SINGH

@agrxdrowflow958 3 ай бұрын

"Fiscal policy is unsustainable...debt is growing faster than the economy." Blunt words of war in FedSpeak.

@DJ-bj8ku 3 ай бұрын

Increase taxes on top earners like Musk if you want to pay down debt.

@agrxdrowflow958 3 ай бұрын

@@DJ-bj8ku Agree 100%. The problem is his wealth is all tied up in Tesla and Space-X stock. So, we'd just be taxing those companies which are doing good work. Better to tax the Uber-Wealthy Rothschilds and Rockefellers.

@esousa486 3 ай бұрын

How LONG till the FED has to "bail out" the next group of "small" banks , Mr Powell ?????????? You KNOW it will still happen ...

@ryansatchell2302 3 ай бұрын

@@DJ-bj8kuyou can take all of musks money and leave him with a penny. And yet if the govt keeps spending the way it is, that still won’t be enough. It’s like having one parent that makes and saves a lot of money. And the other that spends more than that every check. Sure, we can just say to the breadwinner, “make more money”. Or… a more sustainable solution, we can ask the spending parent to cut back and help get the budget balanced.

@williamevans7830 3 ай бұрын

@DJ-bj8ku the us gave Ukraine more than elons net worth in a couple years

@millertoyal 3 ай бұрын

Not only are prices up, but corporations are shrinking products as well. They're doubling costs and decreasing the overall volume/ sizes.

@jsanford01 3 ай бұрын

My toilet paper roll is 1" narrower and my protein powder container is half empty 😅

@DonTrumpF2024ever 3 ай бұрын

🤣🤣 the enquirer is more believable than 60min! Powell will say anything to NOT get his BULLY (trump) elected!

@NsRhea 3 ай бұрын

They call it shrinkflation.

@Riddle-Me-This-Puzzles 3 ай бұрын

WRONG. learn how inflation is measured. What you want is DEFLATION .. where prices go down. This isnt good... do your research on deflation.

@bo2.4u6 3 ай бұрын

Tell me about it!!!! Please read my comment!

@jburdman7 2 ай бұрын

We've gone from: don't worry, it's transitory To: praise us, your milk and eggs only doubled. And hell no the price isn't going back down hahahaha

@Seanpfree 3 ай бұрын

35y/o 74 bids since 2019 on first house in middle Tennessee outbid EVERYTIME by cash investors. We've put off marriage, kids, and enjoying life until we're in a home. It's further out of reach than ever before for us in the middle class. Wages aren't holding a candle to cost of living & inflation. Powell ONLY helps asset holders, the biggest banks, and the biggest investors. Our economy has left the middle and lower class behind.

@scottallancole3635 3 ай бұрын

Spot on, but it hasn't just been Powell... Bernanke and Yellen before him as well, along with our government.

@frankperrott6048 3 ай бұрын

You are aware so you should be buying assets.

@backyardboogie5117 3 ай бұрын

Open a stock portfolio and start buying before the market takes off 🤑📈

@teeconsigliano7631 3 ай бұрын

yup, government is run by the rich for the rich. but inflation hurts everyone. have you considered down payment assistance programs and buying a condo?

@guccisasha 3 ай бұрын

You should blame who gave free money to people, during covid, and still to a certain extent. That's what started the inflation.

@Rgnotown 3 ай бұрын

I keep telling people things are not going back down. We’re stuck with these prices. Only thing that will go down are interest rates and that’s gonna take awhile

@theroldan8013 3 ай бұрын

take that putin

@jamescoppe 3 ай бұрын

It won't take long. They'll cut 2% the next 18 months.

@kayalcorn9569 3 ай бұрын

Restaurant prices won't be coming down.

@Toby-WanKenobi 3 ай бұрын

The price fixing by the corporations will never come down. Your 20 oz bag of Doritos when you grew up will now be a 8.5 oz bag, with '2% of increases a year'. Don't believe that everything macro can be fixed. Just because things grow slower don't mean that they don't still grow. And the corps know this.

@Djamonja 3 ай бұрын

@@jamescoppe That won't lower prices, just interest rates.

@bradlucass 3 ай бұрын

The Fed kept talking about bad things happening all year, and we believed them. But, surprise! Productivity actually went up to 2.6%, beating the expected growth of 1.8%. The workers did a great job. Maybe we don't need the Fed after all.

@joziewales1965 3 ай бұрын

It’s not 3%. They specifically chose a basket of goods that equaled 3%. But all of us know it’s higher than that.

@joesloan1724 3 ай бұрын

Tell my paycheck. It keeps buying less.

@kindnesslove5482 3 ай бұрын

Yes. He said aiming for 2% inflation. Not deflation. Will always be like that. Out of control like 2021 and 2022 is what needed to fight.

@pietrojenkins6901 3 ай бұрын

@@kindnesslove5482 because 2% is healthiest for the economy.

@kindnesslove5482 3 ай бұрын

@@pietrojenkins6901 Good number. Not an exact science though. Depends on many factors. Shouldn't be fixated on 2% target. They made mistake aiming for it too aggressively early 21 and way overshot.

@BrentRichards-vp1cg 3 ай бұрын

Billionaires and ultra elites do not think you really need as much stuff as you have

@pietrojenkins6901 3 ай бұрын

@@kindnesslove5482 all true.

@jimything2212 3 ай бұрын

I have two jobs and currently looking for a 3rd just to afford groceries. Best Economy Ever 😂

@katielove9932 3 ай бұрын

Either you're not making enough money on your 2 jobs or you're living beyond your means. Looking at your picture, you may be wasting money.

@101yak 3 ай бұрын

@@katielove9932 Yeah Katie, keep telling a guy who is working 2 jobs looking for a 3rd that he is not living correctly at peak labor usage of ones self... Geez, talk about being inhumane. using 100% of your time and labor and she thinks ITS YOU who is the problem, oh lawrd the right have brainwashed Americans to a fault.

@bribri6985 3 ай бұрын

@@katielove9932you could be right but you have to understand and acknowledge that there are people living paycheck to paycheck even with having 2 jobs or more

@jimything2212 3 ай бұрын

@@katielove9932 Welcome to the Party PAL

@radar0412 3 ай бұрын

Go to college. It's not too late

@brianwalker5263 3 ай бұрын

If the economy is so strong why would you lower interest rates?

@Bertinator-nm9ld 3 ай бұрын

To make it even stronger. I think that's the basic idea, anyways.

@joela.4058 3 ай бұрын

It’s a balancing act because you want it easy for people to get loans but not too easy that it creates inefficiencies and bubbles.

@twelvecatsinatrenchcoat 3 ай бұрын

Because the real estate market is collapsing. No one wants to budge if they think rates are too high.

@tohigherhighs 3 ай бұрын

Real estate and national debt interest payments

@joshchild 3 ай бұрын

To not over correct inflation into deflation. It's like adding salt to a meal. If you add too much, it destroys the dish.

@FRENCHDRAINMAN 3 ай бұрын

What an honor it is to have him as chairman. USA economy is in good hands.

@EFGAlterEgo1 3 ай бұрын

If anyone is familiar with the late 70s/early 80s where Paul Volcker was in charge and when they cut rates and inflation broke out again. That's a good reason not to be too quick on rate cuts.

@colliric 3 ай бұрын

If you wait too long the recession is far worse than it otherwise would have been. You have to time things better.

@marodint 3 ай бұрын

You are absolutely right, rates should be lowered very carefully and gradually

@jwloohou2 3 ай бұрын

@@colliricwould you say a recession is inevitable?

@F.o.s.t.e.r. 3 ай бұрын

@@jwloohou2 Yes, its just a matter of time. Thats one of the foundational points of horse and sparrow economics, boom and bust. Save during the boom and buy during the bust, thats how wealth is redistributed.

@radar0412 3 ай бұрын

That was Arthur Burns. J. Powell is using the Volcker playbook to make sure he doesn't repeat Burn's mistake

@elizabethbednar7770 3 ай бұрын

I was just told my property tax was going up 50% and my electric bill was going up 20% last week. food keeps going up and you want to tell me everything is great and inflation is better. No one can afford Anything but food and utilities and rent!

@pauldietzmann5610 3 ай бұрын

Lower interest dont stop property taxes from going up

@elizabethbednar7770 3 ай бұрын

What is your point?

@Alex-spb 3 ай бұрын

"Everything but food, utilities and rent!" It's time to live within your means, like in other countries on the planet. Many people only have enough for food and one trip abroad a year for vacation.

@elizabethbednar7770 3 ай бұрын

@@Alex-spb ok well then don’t cry when there is a recession because people couldn’t afford anything but food utilities and rent because that is what will happen

@esousa486 3 ай бұрын

EXACTY where the Top 1% want the rest of us ................. Under their TOTAL CONTROL !!!!!!

@mebootm 3 ай бұрын

Most Americans don’t understand, but the Fed has done astonishing work reducing inflation. Almost none of the other major countries accomplished such measures, their inflation is kept rising in monthly basis

@KleWdSide 3 ай бұрын

Instead... people prefer to blame Biden.

@twelvecatsinatrenchcoat 3 ай бұрын

@@KleWdSide My favorite political cartoon of all time is "What Americans THINK the president does." and it's just Obama biting his tongue, focusing real hard while he operates two giant levers in his desk that make "Gas Prices" go up or down, and "The Economy" be bad or good.

@floppydong295 3 ай бұрын

@@KleWdSideAbsolutely comical if you think he and his administration have nothing to do with it. Someday the light bulb may turn on

@rockern1000 3 ай бұрын

You don't understand that the only reason there is inflation in the first place, is because of the FED. Read "The creature from Jekyll Island" and you will see.

@dertythegrower 3 ай бұрын

@@KleWdSideGet an actual education, kido... wow

@NicholasRehm 3 ай бұрын

Inflation may be "tumbling" but what they fail to communicate is that its the RATE that is falling, i.e. things are so much more expensive now than they were 2-3 years ago and they will NEVER go back to where they were. Prices are just growing slightly slower now 🙃 And wages have not gone up to equalize to the damage done, so we are still suffering from insane inflation despite it being "dead"

@yldrmcs 3 ай бұрын

I don't think unemployment rates reflect the reality but the thing is so many people are forced to work in multiple jobs that pays pennies. This doesn't mean economy is strong.

@garysmothers3234 3 ай бұрын

Wages are now increasing more than inflation.

@MsJenniferinNYC 3 ай бұрын

EXACTLY!!!! child care and many jobs are NOT paying well at all which is why many have to take two or three jobs just to stay afloat. When is the Feds going to realize that?!?!

@htxtony80 3 ай бұрын

@@garysmothers3234nice joke

@radar0412 3 ай бұрын

Unemployment rates do reflect reality. Opinions about everyone having multiple jobs? Probably not

@stephenayriss5049 3 ай бұрын

We are losing full time jobs that have benefits and gaining part time jobs that don’t. This is not good

@user-tu2rk6nu4z 3 ай бұрын

Stop paying the higher prices for products then the supply increase forces the price to drop.

@mr.isaiah1275 3 ай бұрын

Oh wow, great idea…why didn’t every other American think of that?

@stephenshuman1 3 ай бұрын

That won’t happen. People still need to eat and live. More things need to be produced. That’s a better way to reduce prices

@mr.isaiah1275 3 ай бұрын

@@stephenshuman1 more things being produced, would require more employment. More employment “typically” means a higher rate of inflation, since more people are making money. It’s not as easy as it seems

@stephenshuman1 3 ай бұрын

@@mr.isaiah1275 not necessarily…….. supply and demand. More things being produced means that would decrease the cost of goods.

@mr.isaiah1275 3 ай бұрын

@@stephenshuman1 true, it’s a balance act

@JoeDuffy69s 3 ай бұрын

Lol what an intro. Jerome powell saved the economy 😂

@thebitcoingarden 3 ай бұрын

Pretty important one, thanks for the interview!

@mrsterling5306 3 ай бұрын

How come No financial hosts ever talk about how badly ALL of the govt accounting books are so cooked???

@ItsBobEvans 3 ай бұрын

Keep kicking the can. The music has to stop eventually

@MichaelWalker-wu2pq 3 ай бұрын

The 2017 Tax Cuts for the rich was a massive failure of the government. It added to the debt and was abs unnecessary.

@mirzaahmed6589 3 ай бұрын

The music stopped in 2008. It never started playing again.

@DaShaneo 3 ай бұрын

USD will go the way of BCC. Just a matter of time.

@MBarberfan4life 3 ай бұрын

The inflation never stops. That's true!

@amym5932 3 ай бұрын

Cbdc s next. A cashless society is what they want. Control you and everything else. Now just wait for the major event to happen before they can implement it

@oherroprease207 3 ай бұрын

Why do they need to lower rates at all? If they’re happy with growth rates, unemployment, and inflation why not just hold indefinitely. We’re always playing a game with being right on the edge of runaway inflation. Just leave it for a year then reconsider.

@Bertinator-nm9ld 3 ай бұрын

Higher rates makes it more expensive for companies and people to borrow money. If they keep rates high, companies have a more difficult time investing in new projects, and consumers have more expensive mortgages and auto loans. That's not to say that your can't still keep rates high. There's just a trade-off to be had. And the Fed has to try to balance those trade-offs.

@tiberiusalexander6339 3 ай бұрын

We're never on the edge of runaway inflation, that's silly. People have predicted runaway inflation forever and it never manifests. When we DO get inflation, it is not "runaway" in the sense that it happens due to specific policy choices, and specific policy choices can reign it in. There's not some line we cross where it is suddenly completely out of everyone's hands and there's nothing the government can possibly do. EVEN IF the government pursues recklessly inflationary policy for a long time - like in Weimar Germany, say - the moment they find the political will to get it under control, they do. In Weimar, they stopped printing money, moved to a new currency, and bam; basically overnight they went from hyperinflation to no inflation. It was the subsequent Depression and austerity, not inflation, that led to the Nazis.

@prolific1518 3 ай бұрын

@@Bertinator-nm9ld fed doesn't have to balance anything but inflation and unemployment. The numbers for both are a lie. So anything said in the news about either is a lie. Powell is a political stooge.

@accidentalchrist 3 ай бұрын

@@tiberiusalexander6339is there a book I can get this perspective?

@arigutman 3 ай бұрын

Great interview, definitely moved too slow to tackle inflation, but this is all Monday morning QB'ing... so, if we take it for what it is, we are doing great.

@mr.monitor. 3 ай бұрын

Unemployment is so low - we have people sleeping on the streets while working 3 jobs😅

@ELFKidsVideos 3 ай бұрын

It’s so refreshing to see and hear good questions and answers about serious issues. Thank you.

@networth00 3 ай бұрын

LOL

@edwardstanton3571 3 ай бұрын

What were you watching?

@andrephillips7764 2 ай бұрын

Tucker

@thomasecosse 2 ай бұрын

@nonyabuiz2023 3 ай бұрын

Would someone please tell me why interest paid on fiat currency and who collects it, any why should they collect it without collateral? These questions are on my mind and can’t find answers. Thanks!

@tailz678 3 ай бұрын

Look into Ponzi schemes. Wealth always seems to travel upward.

@RH-mk3rp 3 ай бұрын

How come prices haven't fallen? Portion sizes got smaller.

@boinknook 3 ай бұрын

Not only is congress in debt ($33T), credit card consumers are too!($1T)😂😂

@coryfoster4907 3 ай бұрын

Student loans now outweighs credit card debt which is insane. Very detrimental to society and young people's live sadly. We need to fix this.

@saadologue 3 ай бұрын

Pay your debt

@Wa954Stunna 3 ай бұрын

Lets Not forget the 150Trillion in Unfunded liabilities.

@jackmcandle6955 3 ай бұрын

Keeping up with the Jones’s with a credit card is a fools errand especially carrying a balance with high interest 🤦🏻‍♀️🙎🏼‍♀️🤦🏽

@mtradergame 3 ай бұрын

Just shows you that it’s not just the governments fault also the public is at fault for constantly. Begging for free stuff so politicians lie in order to get votes cause people hate honesty so politicians promise all this wild stuff which ends up destroying the economy

@jungleman1012 3 ай бұрын

Wow! This is inflation. Sixty minute interviews now run thirteen minutes and change.

@willritter4076 3 ай бұрын

I'd be honored if some 90s fans would take a quick listen to my acoustic piano & vocal performances of LONG DECEMBER by the Counting Crows, NAME by the GooGoo Dolls, and "1979" by the Smashing Pumpkins in tribute to 3 great standards of the 90s era. Live acoustic with no autotune or digital editing. Peace out and stay safe in the '020s.

@sirdiealot53 3 ай бұрын

the show is 60 minutes. they have more than 1 interview genius

@jungleman1012 3 ай бұрын

@@sirdiealot53 Um, joke. Inflation, Fed, monetary policy.

@themissingtile2828 3 ай бұрын

I get the metaphor but wouldn't that be deflation?

@jacobjoseph1740 3 ай бұрын

Badum tisss....

@margaretmcnamara2717 3 ай бұрын

Job numbers are way up because they count all the part-time jobs which they haven't done in the past

@clarkhenry3567 3 ай бұрын

Yep, inflating the job #'s which will be revised down again😢

@DixiecratDemocrat 3 ай бұрын

Prices out of control, Interest Rates extremely HIGH, Illegals benefitting our Tax Dollars, Severe Homelessness! But we are at an ALL time unemployment LOW! I hear you but I don't see ANY of it HAPPENING!

@Anthony-dj4nd 3 ай бұрын

This is like the ultimate gas lighting 😂

@robertogutierrez2897 3 ай бұрын

"Integrity is priceless. And at the end, that's all you have."

@AbelardoLopezIII 3 ай бұрын

Yup

@randywr1 Ай бұрын

Jerome Powel said he wouldn't wait for 2% inflation before he would cut rates in the 60 Minutes interview. I just rewatched it.

@Kat-lq8sp 3 ай бұрын

Thank you for taking one for the team. 2 hours😮

@kshitijgupta3272 3 ай бұрын

The best thing about Powell is he accepts he does not know things. There are too many economists too sure of things who are often wrong.

@dr.michaellittle5611 3 ай бұрын

Economics is not perfect clairvoyance, so I think you’re wrong. Btw, Powell,’s view is aligned with that of Nobel economist Paul Krugman.

@kshitijgupta3272 3 ай бұрын

lol. Have seen overconfident PK is, time after time being wrong?

@dr.michaellittle5611 3 ай бұрын

@@kshitijgupta3272 Krugman, unlike random fingers on internet keyboards, knows his stuff. Over the long run, he’s right on most things. Try and find an economist who has never made a mistake-there isn’t one.

@franklinbowen1228 3 ай бұрын

We live in a country where big business and convenience is much more valuable than its own people’s well being.

@LadyLeda2 3 ай бұрын

My daughter lives in Korea. In that country, people come first, above anything else. Sometimes I just cry silent tears for the way the US treats its people. I am happy that my daughter lives in such a country.

@yldrmcs 3 ай бұрын

@@LadyLeda2 Good for your daughter but I wouldn't want to live next to crazy country(s)

@sten260 3 ай бұрын

nah I think government doing things because they think they are "helping" people is exactly why we have these problems. Just look at Biden and student debt forgiveness, that is just a recipe for inflation lol and they don't even realize it and people don't either. If they just did absolutely nothing then we would have way better economy

@juannevindez6969 3 ай бұрын

@@yldrmcsMexico is not crazy?

@leoh2502 3 ай бұрын

Wait until you get Trump back in office. He will probably cut taxes for big business and rich people again!

@Whitemink32 3 ай бұрын

Good interview. Thanks

@joelhurni9821 3 ай бұрын

Respect! Good answers, good questions.

@immortaljoe6468 3 ай бұрын

The prices are still too high

@michelangelobuonarroti916 3 ай бұрын

Wages are also higher.

@mirzaahmed6589 3 ай бұрын

@@michelangelobuonarroti916 no, they are not. What rock are you living under?

@nro9450 3 ай бұрын

@@mirzaahmed6589statistically speaking, they are. Unless or course you have a ton of data points you’d like to enlighten us with

@nro9450 3 ай бұрын

They’re never going to get lower, they’re just increasing slower again

@MBarberfan4life 3 ай бұрын

@@nro9450that's been happening for over a century. Why do we need the Fed when they are hurting us? "Take the abuse, spoiled citizens!"

@bdml77 3 ай бұрын

People don't seem to understand that inflation is not going down. it is just going up less rapidly. that does not mean that prices are as low as they were before inflation rocketed up. Inflation is still extremely high

@SimonAndersen21 3 ай бұрын

the definition of inflation is the rate of increase in prices over a given period of time. Prices are up, but inflation IS down

@michelangelobuonarroti916 3 ай бұрын

You are confusing past inflation with current inflation. You could have 0% inflation and bread will still cost more than it did in 1950.

@SoFloCo-ne4rk 3 ай бұрын

Inflation the is rate of increase. Lower inflation doesn't mean prices go down.

@TL-qr3ii 3 ай бұрын

your comment only reveals you know nothing about this topic. geez.

@jimnorton4520 3 ай бұрын

Economics 101 I took means spend more money than bring in is recipe for disaster and prices keep going up because all money we are printing.

@samnater 3 ай бұрын

"Integrity is priceless. And in the end that was transitory for me."

@gotraderpros 2 ай бұрын

This is the most a reporter got out of Jerome, he still talking in circle but great job over all Scott!

@Itsme-jv4cd 3 ай бұрын

Many of the groceries I buy every week have gone up by 50% since 2020 . My real estate taxes has gone up over $100 a month , my home insurance and auto insurance has gone up , my utilities have gone up ,my basic cable has gone up ,and my Medicare insurance has gone up. I'm getting a little more from SS but it sure does not make up for the increased prices. I'm retired. I can't make anymore money.

@DJ-bj8ku 3 ай бұрын

It’s a hot economy. Prices go up when demand for things increase.

@Unwavering137 3 ай бұрын

You could always become a greeter at Walmart. They love paying them low wages. Something is better than nothing right?

@samlloyd672 3 ай бұрын

The cost of the worthless and pointless lockdowns. Vote Kennedy

@TheSnoopy1750 3 ай бұрын

You realize your social security is indexed to inflation, right? SS was raised 8.7% in 2023 to make up for inflation of 8.0% in 2022. SS raised 3.2% in 2024 to make up for 4.1% inflation experienced in 2023 so you were made essentially whole for the inflation in 2022-2023. BTW, the U.S. inflation in 2023 was below most industrialized nations. Sorry to burst your delusional bubble.

@film1201 3 ай бұрын

I feel you. Retired, seeming to be living check to check. Having to start a business just so I can build savings. This was supposed to be the easy days after a life of work. Due to what the Fed did with interest rates, a I’ve lost hundreds of thousands of dollars.

@loupasternak 3 ай бұрын

The blessings of old age is ..... all this kicking the can down the road will be someone else's headache

@lynnhauenstein4136 3 ай бұрын

What year was this?

@danielkurkowski3279 3 ай бұрын

I am an industry that was one of the most affected by high interest rates, but the whole time I think JP has been handling this extremely well, all the while dealing with pressure from politicians that lack even a cursory understanding of economics. Well done sir.

@andrewclark6618 3 ай бұрын

So for anyone watching, pay off credit card debt, save as much as you can, live within your means, and by all means DO NOT get a loan until 2025

@seether07x 3 ай бұрын

My man forgot about refinancing.

@SherryBittermann-hf1ok 3 ай бұрын

Good advice, but not complete...the obiden administration, (obama's 3rd term), is already trialing central digital currency. When the government forces the Central Digital Currency on all of US 🇺🇸 they will dictate what you can buy, when you can buy, and how much you can buy. They have every intention of enforcing the WEF's statement, "by 2030, you will own nothing and you will be happy"!

@EP-yc2gu 3 ай бұрын

@@seether07x So, spend all your money on a high interest loan for a year of two in hopes that interest rates will magically drop. Then you can set thousands more on fire with refinancing fees…. Don’t quit your day job, sweetheart.

@seether07x 3 ай бұрын

@@EP-yc2guassets are cheaper when interest rates are higher. Less buyers. Less competition. Not only cheaper asset but other terms are more favorable to the buyer. Historically when it’s “tough” to buy in retrospect it was the best time to buy because of the opportunities. No need to make it personal bud. Just discussing.

@PDTRUMP 3 ай бұрын

Bi go!

@QWEEKEN73 3 ай бұрын

You can tell this is being phrased in a positive light by the opening statement alone; saying that Powell raised interest rates 11 times, as apposed to saying that he raised it back to the 50 year average of 5.5

@Thebt7 3 ай бұрын

The great reset. For 20 years we had cheap debt. Cheap growth. It's time to see which companies, which CEOs have been doing their jobs and which ones have been swimming naked with other people's money.

@JM-fo1te 3 ай бұрын

*opposed

@paulkormann1569 3 ай бұрын

Financial Propaganda

@firstlast-wm3li 3 ай бұрын

Opposed*

@QWEEKEN73 3 ай бұрын

@@firstlast-wm3li thanks grammar nazis

@David_Williamson 3 ай бұрын

The guy who edited the video forgot to add loud music over the already 2 people talking over each other. Great job👍

@derekfike1770 3 ай бұрын

Anyone else see in their report that they crossed out the statement “the banking system is sound”? We are in serious trouble and it’s because our government and financial system is severely over leveraged.

@WillpowerCinema 3 ай бұрын

They literally crossed it out! Oopsie doopsie! :X

@PraORedd 3 ай бұрын

😂 DEBT IS GROWING RATHER THAN Economy

@gerrypeet4861 3 ай бұрын

This statement makes no sense.

@antoniolyons2881 3 ай бұрын

We don't need to worry about government debt in a country where the government has legal authority of the currency that debt is issued. It can just create the cash needed to pay the interest.

@gerrypeet4861 3 ай бұрын

@@antoniolyons2881 Debt growing faster than economy still makes zero sense.

@TheCnattu 3 ай бұрын

"Integrity is priceless"...wow! what an amazing quote to remember!

@andrewgeissinger5242 3 ай бұрын

Sounds like hyperinflation has hit integrity then.

@Thebt7 3 ай бұрын

Hyperinflation is only when prices inflate out of control in a short amount of time. Not natural price inflation over several decades. If you want your money to no inflate then buy BTC and hold it in cold storage. Or if your a caveman then buy physical gold bars and bury it back into the earth so someone else can dig it back up again 😂

@georgemcnaughton7839 3 ай бұрын

Tegrity Matters

@flag_bearertruth6257 3 ай бұрын

the interviewer does not ask wht he and hos peers use this method of printing money and not used austrain method. they will print again and the gold to $ was removed since 1971, this means we are in massive debt, so this means there is no way to improve the economy or control the inflation, what they can do probably is to print again to prolong the ression, but techniccaly we are in recession anyways but is lagging, so the interviweee seems to be on their side, they wont let alex joen es interview him and expose, so no integrity, just lies, they will print again during election, "there is no integrity" he fooled you the cnattu - oops

@twelvecatsinatrenchcoat 3 ай бұрын

I immediately imagined him trying to say that to Trump. "Everything has a price Jeremy, I have the best prices, just ask anyone, I'll name your price, just watch me, I named Ron Desantis' price and he bowed out, he bowed out like a little boy Jeremy, because he couldn't take it, meatball ron, he couldn't take the price of my integrity, Jeremy."

@CJ-vz5bl 3 ай бұрын

Great interview, rare to see that nowadays

@jeffreycheng5984 3 ай бұрын

"The Federal Reserve System is not Federal; it has no reserves, and is not even a system at all. But rather an international criminal syndicate. "- Eustace Mullins.

@Chessmapling 3 ай бұрын

The white supremacist Eustance Mullins? That one?

@Whyaretaxespayingforcorr-cc8sr 3 ай бұрын

weird part is, it has 2 boards

@robertopalomino4604 3 ай бұрын

@@Chessmapling That's what I was thinking 🤔

@dr.michaellittle5611 3 ай бұрын

What drivel you have quoted.

@jeffreycheng5984 3 ай бұрын

Sheep are allergic to truth. Read The Secrets Of The Federal Reserve by Eustace Mullins.

@chriss2352 3 ай бұрын

Good, tough, yet thoughtful and respectful questions.

@WiredForFishing 3 ай бұрын

As a business owner I can tell you, our economy is horrible.

@LittleCutiePodcast 3 ай бұрын

Pablo Escobar never would have sold cocaine if he had a money printer

@andrewgeissinger5242 3 ай бұрын

Pablo could have printed money. It's called counterfeiting. The difference is that when Pablo does it, it would be illegal, but when the government (or the government's proxy, the Federal Reserve) does it, it's perfectly acceptable. Morally, it's the same thing in both cases.

@cockyhemi-123 3 ай бұрын

He had a money printer. The Federal Reserve by way of the CIA.

@ross5480 3 ай бұрын

💯👏👏👏

@jaybird7534 3 ай бұрын

Powell did what he was ordered to do, freeze economy in an inflated price environment. He said it himself, prices won't come down unless there's a bad event, a Deflationary Depression.

@mpgski9598 3 ай бұрын

I would have liked to know more about the chairman's thoughts when the former president publicly pressured the Fed which other president's never had. Can you imagine if the chairman had capitulated with maintaining lower rates at the time as pressured? Experts aren't always right but amateurs less so.

@joeb1522 3 ай бұрын

Elizabeth Warren is currently pressuring Jerome Powell to lower rates. Many politicians have done it. Not just the prior president.

@jackstonehenge 3 ай бұрын

I feel like this was a puff piece. What are the metrics? Home ownership out of reach? Record credit debt. Skyrocket rent. Car loan delinquencies? No mention of what role the stimulus checks played?

@DJ-bj8ku 3 ай бұрын

Stimulus checks issued by Trump and Bush contributed to inflation but remember Covid was still running rampant and that money went to help businesses meet payroll and families to meet rent.

@LadyLeda2 3 ай бұрын

Don"t forget the cost of food.

@ricomajestic 3 ай бұрын

@@DJ-bj8ku I think you meant Trump and Biden!

@MG-bf1zi 3 ай бұрын

The stimulus checks were NOTHING compared to all the PPP people got. You got a measly few thousand dollars. The owner of the small business I work for got $300k in PPP that was forgiven even though the company was doing even better during covid than before. Froget the stimulus checks, that's child's play

@davidr4523 3 ай бұрын

Agreed. The media is a complete mouthpiece for the Democratic party. I do not know why the hate the Republicans so much.

@rob-time 3 ай бұрын

Inflation does not mean that prices will go down. It means that they won't go up (as fast). So, income levels need to go up to balance the increase in market prices.

@marsacox 3 ай бұрын

In theory prices go down if income levels don't go up as overall demand decreases. Problem is there is too much money on the market distributed unevenly

@MrPigpiggiepigs 3 ай бұрын

Income levels have gone up, and they went up faster than inflation this past year.

@lrich65184 3 ай бұрын

No it is this central bank manipulating everything. That is how the government controls folks.. money

@MsJenniferinNYC 3 ай бұрын

It is SUPPLY and DEMAND

@jerryhello 3 ай бұрын

@@marsacox Prices going down is a bad, bad sign and honestly, they won't be. Wages rising to meet them is much more likely.

@julietteober 3 ай бұрын

Jerome Powell is a decent, honest man. Our country owes him a huge debt of gratitude. Thank you Mr. Powell and happy birthday!

@FlyingMonet 3 ай бұрын

Hmmm is that right? 12:32 just about disputes that claim. Do you really think it’s a coincidence that the Fed will begin cutting rates causing the stock market to go up RIGHT BEFORE THE ELECTION???! In what ways is that not a coincidence??? It’s quite clear that they had this agenda planned out starting in late 2020/early 2021 before they even started raising rates! This is gaslighting at its finest & quite frankly reminds me of the way the media gaslighted millions of Americans in 2020.

@honestbusiness1371 3 ай бұрын

Corporation price gauging accounts for 53% of the price increases. Why would they lower their profits.

@ludda42 3 ай бұрын

Correct. Initial inflation was caused by supply shocks from COVID, then driven by an increase in demand for goods, then a war, then demand spiked for services, now its being driven by corporations price gouging

@bradyvanhoof51 3 ай бұрын

Gas Lighting at its finest…. The dude lied in the first 60 seconds of a 60 minute show

@keto6789 3 ай бұрын

"It's a BIG club .... and YOU ain't in it!!" George Carlin

@pizza123425 3 ай бұрын

Actually you're in the club but at the bottom

@2wheel_freedom 3 ай бұрын

@@pizza123425 We are the janitors 😂😝

@peterdangelo5882 3 ай бұрын

Absolutely - miss him. He always said, just wait they will come and take your social security - its too expensive and we can't afford it. Hope he was wrong.

@keto6789 3 ай бұрын

@@peterdangelo5882 ... "and now they're coming for your social security.... they want it BACK ..... and they'll get it too.... they always get what they want ! ...." George Carlin.

@07truth 3 ай бұрын

In other words: “The middle class kept working so let’s keep sticking it to them a little longer until they start quitting”

@bryancjacobs 2 ай бұрын

I prefer the complete interview unedited. TV is not ideal for long format interviews.

@maxwellcrocker20 3 ай бұрын

I'm really curious what Jerome Powell said from 1:53 to 2:03.

@twelvecatsinatrenchcoat 3 ай бұрын

From the interview transcript: "We just wanna see better numbers going forward this quarter, aliens are real and Epstein was an inside job. Once figures have shown a consistent pattern moving in the right direction we can feel more comfortable adjusting rates."

@randyrodriguez1445 3 ай бұрын

Smart observation

@joshh.510 3 ай бұрын

The economy is only “strong” due to part time jobs and government jobs funded by debt. The USD is in major trouble with a softball interview like this…

@dr.michaellittle5611 3 ай бұрын

The USD drives global commerce and is very strong. Get your facts before you make such a statement.

@zzUnoHoozz 3 ай бұрын

We've put ourselves on a unsustainable path of debt for politics but we don't meddle in politics....

@gwjaconst11 3 ай бұрын

Integrity is PRICELESS. And we plan on keeping ours.

@cyberhype5495 3 ай бұрын

Pretending this economy is currently good for the citizens... its absolute Madness... "strong economy" ??? WTF!!?

@SoFloCo-ne4rk 3 ай бұрын

Unemployment is at a 50 year low. Consumer spending is very strong, but in a way that's bad because when everybody is spending like crazy, it keeps the prices up. In a sense, the problem is that the economy is too good.

@rrssmooth6643 3 ай бұрын

This guy will be still ringing the christmas bells when everything has collapsed around him.

@wisdomweb1 3 ай бұрын

@@SoFloCo-ne4rkcorrect but will not stay that way, consumers about to get crushed over this year and the fed gonna break something, and be forced to cut only too late tho and the music stops

@good8072 3 ай бұрын

"By the numbers: 63% of Americans rate their current financial situation as being "good," including 19% of us who say it's "very good.""

@cyberhype5495 3 ай бұрын

@@good8072 Most Americans were doing much better 5-10 years ago... since then the value of their USD currency has been undercut & slashed by inflation... Credit Card debt is also higher than ever.... a higher % Americans were "Doing good" before this decade began.... and thats just Facts 🤷‍♂️

@thedonkeyinvestor 3 ай бұрын

if the economy is so good why we need to cut rates ?

@SoFloCo-ne4rk 3 ай бұрын

To get back to the neutral rate so the economy can be even better.

@thedonkeyinvestor 3 ай бұрын

go back in history find a time where 0% is neutral rate ,@@SoFloCo-ne4rk

@bubba6989 3 ай бұрын

@@SoFloCo-ne4rk cutting rates in a good economy is foolish. It can reheat the market to possibly overheat it (ie inflation again) and it leaves little room to spur growth

@DJ-bj8ku 3 ай бұрын

@@bubba6989At least you admit we have a hot economy. Rates would be cut in anticipation of a slowdown.

@SoFloCo-ne4rk 3 ай бұрын

Right. That's why the Fed isn't going to cut rates until they're sure inflation is fully under control.@@bubba6989

@richardbeggson4839 3 ай бұрын

The delivery of this content is a reminder that you should spend your needs, not your wants and save, save,invest, save .

@UnknownASMR_ 3 ай бұрын

Let the whole thing play don’t just pick on certain statements, because you basically just take clips and then change the narrative.

@MBarberfan4life 3 ай бұрын

100+ years of reduced purchasing power. What a disaster

@mebinici 3 ай бұрын

Bitcoin fixes the dying fiat...

@theroldan8013 3 ай бұрын

capitalism baby dont cry

@networth00 3 ай бұрын

@@theroldan8013 Capitalism is not printing $33 trillion and sending billions to Ukraine. Capitalism is not hiring 85k new IRS agents. Capitalism is not student loan forgiveness. I could go on and on.

@theroldan8013 3 ай бұрын

sooo who is to blame.... putin? fidel castro ghost... please tell me@@networth00

@onomatopoeia162003 3 ай бұрын

@@networth00 From what I just looked up. We owe ourselves around 5T. And for the bonds that other countries buy, that adds up to around 7.4T. The rest I would have to look up.

@realLoganMoody 3 ай бұрын

I will revisit this in 6 months. Jury is still out and Fed's policies have a lagging effect, anywhere from 1-2 years!

@andrewgeissinger5242 3 ай бұрын

It seems that even the Fed forgets that there is a lag.

@jefft6038 3 ай бұрын

3 years is the average time it takes to see unemployment really tic up and credit events to start....that puts us at around Feb-March 2025. no way we get out of this without major pain

@wiseguysmith6519 3 ай бұрын

agreed, the yield curve hasn't even un-inverted yet, and that is when things get ugly

@FlyingMonet 3 ай бұрын

Remind me! 😂

@LemonySnicket-EUC 3 ай бұрын

The new jobs are actually mostly old jobs that people finally came back too.

@jucedcustoms2274 3 ай бұрын

Great interview!

@datsChris1088 3 ай бұрын

What happened to inflation averaging of 2%? Why doesn’t he keep rates steady or even higher for years to reach the inflation average of 2%? Jerome Powell used to talk about this all the time yet it doesn’t even matter anymore.

@jackbannon5526 3 ай бұрын

Very timely clear cut, comprehensive newscast KUDOS!!!

@stephenmcloughlin1965 3 ай бұрын

Unemployment is a lagging indicator. Give the layoffs time .

@mirzaahmed6589 3 ай бұрын

Yup

@tboughnou 3 ай бұрын

All the data they use is lagging... by definition data is backward looking. Thats why the FED is always "late" moving up or down on rates!

@chova1123 3 ай бұрын

Right, keep your eye on weekly jobless claims

@AR-rn8ok 3 ай бұрын

Powell is the epitome of being reactive and not proactive. Expect him to lower rates too late.

@randyrodriguez1445 3 ай бұрын

What a great, reasoned, calm confident show of leadership in a non partisan way.

@kenmammel7748 3 ай бұрын

Within the first thirty seconds of this video, I'm saying to myself, "I don't think so." ... and not listening to the rest.

@user-ju1tp5bm2u 3 ай бұрын

Inflation is tumbling? I went to the grocery store yesterday and walked out with 3 small bags for $87 dollars.

@TL-qr3ii 3 ай бұрын

miss the part that explained prices are not the same as inflation?

@fupopanda 3 ай бұрын

Price and inflation aren't the same thing. Inflation is the rate of price increase. You can have inflation going down and prices still going up. Inflation declined from 9% in 2022 to 3.5% now, but that just means prices are increasing by 3.5% now. It really isn't that hard to understand, but for some reason many people hate to learn, or maybe they just can't.

@garymcmillan6943 3 ай бұрын

So why haven't you learned the terms, 'Disinflation' and 'Deflation'. Do you hate to learn? Cause both of those terms should have been used in your brilliant explanation.@@fupopanda

@networth00 3 ай бұрын

@@TL-qr3ii Everyone knows that dipshid.

@Longtermalwayswins 3 ай бұрын

Do you guys understand inflation?? When inflation dips , prices DO NOT. It just means it slows down INCREASING. whatever have increased is PERMANENT. Dipping inflation means prices are no longer increasing. Inflation made damaged is NOT reversible.

@MaxMax-hm1dj 3 ай бұрын

inflation is compounding, unless it is 0%, the price of things will always go up year over year. the problem is money printing.

@diabeticonboard6459 3 ай бұрын

Fiscal policy is not complicated: don’t spend more than you make. The Fed made it complicated. Probably intentionally.

@warriors6565 3 ай бұрын

2% - 3% inflation means nothing when prices have gone up close to 100% in the last 4 years. Prices are still out of control, and they will remain that way, completely ruining every averages families purchasing power for good.