Fed's Powell Says Biden Hasn't Met With Him in Two Years

Рет қаралды 63,135

19 күн бұрын

Federal Reserve Chair Jerome Powell comments on his interactions with President Joe Biden during his semiannual testimony before the US House Financial Services Committee.
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Пікірлер: 286

@matthewmark7224 17 күн бұрын

the fed should be independent.

@jacquelinemiguez1326 17 күн бұрын

Independency doesnt mean you got no meetings. Actually great independence requires meetings

@zacharyhusk4649 17 күн бұрын

No. abolish it.

@mg-by7uu 17 күн бұрын

it's a private bank founded by JPMC after most of the people against it sunk on his boat, the Titanic

@KK-pm7ud 17 күн бұрын

@@jacquelinemiguez1326 No. It doesn't require meetings. You hire someone to do the job and you let them do it.

@jacquelinemiguez1326 17 күн бұрын

@@KK-pm7ud certain things yeah but its not the same to hire someone else for top priority considerations. Great Leadership from a corp level and gov level has to meet the president to talk about national security concerns etc. you cant send someone else for these types of things.

@Mist3man4423 17 күн бұрын

The Fed is supposed to be independent of Governemnt. These people are so clueless.

@djpaperplate 14 күн бұрын

The President should be concerned and discuss with the Fed when there is record high inflation crushing Americans

@Chicago48 12 күн бұрын

Lawler isn't clueless. He's doing this for the camera. It's an election year and Lawler wants his camera time.

@luckylanno 17 күн бұрын

Props to Bloomberg for playing the full clip. A lot of organizations would have left off the second half.

@david853721 17 күн бұрын

and that still wasn't the FULL clip. Bloomberg just decided to cut at that point.

@StepcurryNgPinas 17 күн бұрын

and ur ok with that? imagine president dont know whats happening to Powell.

@Tennis214 15 күн бұрын

@@StepcurryNgPinas It’s supposed to be like that. The Federal Reserve is supposed to be independent.

@JiangBee 18 күн бұрын

I wonder if it's because the Federal Reserve Chair is supposed to be totally independent.

@theunbearablebull 18 күн бұрын

I mean that's like saying your CEO and CFO shouldn't meet lol. They should be in contact since they essentially in control of our economy

@JiangBee 18 күн бұрын

@@theunbearablebull That unfortunately is not true. Unfortunately you did not listen to Powell's response. The Federal Reserve Chair is completely independent. Powell is actually a Republican, but because Joe Biden respects the rule of law, he did not try to replace him. Anyway, thank you and I appreciate your input. Remember to vote Democrat up and down the ballot in November.

@theunbearablebull 18 күн бұрын

@@JiangBee Never will I ever vote dem lol. You have to be a little stupid to vote dem, literally got us in this mess. Now go touch kids like your president sweet boy.

@redline296 17 күн бұрын

Then why is he talking to anyone in DC?

@KK-pm7ud 17 күн бұрын

@@theunbearablebull That is the right analogy. The Fed President isn't a CFO. Biden has zero reason to meet with Powell if Powell is doing his job. The President of the US doesn't know more than the Fed Chairman about economic policy and shouldn't be interfering or wasting their time with meetings. Unless it is an emergency with a clear purpose, like the financial crisis, there is no reason Biden needs to speak with Powell. Warren Buffett doesn't tell the CEOs of this operating companies how to run their businesses. So why would Biden tell Powell how to run the Fed?

@xxPlaceboxx 18 күн бұрын

powell can handle

@janstarostka5391 17 күн бұрын

Do did Mr. Green

@salusa_secundus 17 күн бұрын

Isn’t this a good thing? Independence of the federal reserve.

@BrokeInfluencerCash 17 күн бұрын

It is, but shouldn't the chairman of one of the, if not the, most important institution in America meet with our leader? Biden should talk face to face with Powell regarding the state of reserve, inflation data, etc.

@iyoub6931 17 күн бұрын

@@BrokeInfluencerCash talk to him to what point? To influence him? The chairman is supposed to be independent, he has nothing to do with the president's words of wisdom regardless wether its Biden or Trump

@BrokeInfluencerCash 17 күн бұрын

@@iyoub6931 Okay so you don't think the leader of our country and the leader of keeping America financially stable should meet? There are a lot of things that Powell won't be aware of as he isn't in the front seat. Presidents and the Chairman have always met, they would meet regularly under Bush, Obama, and Trump. It doesn't take a genius to know that an active President and Chairman should meet in regards to briefing each other on current events.

@djpaperplate 14 күн бұрын

@@iyoub6931yeah the President should be left in the dark about the economy when there is record high inflation 🤡

@underrated-ic6py 13 күн бұрын

@@BrokeInfluencerCash no they shouldnt - isolation keeps the powers at be in our country in check

@Ahduciekwndnbbbsvvvghhhyyyyy 17 күн бұрын

It would be more concerning if the president had regular meetings. They’re supposed to be independent

@novak.olen66 16 күн бұрын

Mr Green needs to go.

@xExplosionsofAwesome 18 күн бұрын

Why would he meet with Powell? This is what Treasury Secretaries are for.

@xcelpast 17 күн бұрын

@@passiveaction Treasury is a partisan institution and can provide economic data. President also has the Council of Economic Advisers for economic information. Why would you bother the independent Fed chair when you have people by your side who could give you the same information?

@jacquelinemiguez1326 17 күн бұрын

The fact that 43 agree with this nonesense is incredible

@KaiserBlade 17 күн бұрын

Yes the president shouldn't care about the economy of the United States. Wow.

@LinuxUser123 15 күн бұрын

@@KaiserBlade you don't understand how the government structure works it's ok

@underrated-ic6py 13 күн бұрын

@@KaiserBlade do you know what ur talking about? would you meet with HR at your workplace on a regular basis?

@akpistol141 18 күн бұрын

If J Pow had some vanilla ice cream, Joe would meet with him

@MARR_2024 17 күн бұрын

So wouldn’t you.

@weho_brian 17 күн бұрын

@akpistol141 😄

@BookerT1 17 күн бұрын

or apple sauce

@quandingleberry445 17 күн бұрын

chocolate chocolate chip*

@jimbojimbo6873 17 күн бұрын

I don’t get this reference

@gareebmanus2387 17 күн бұрын

Rep. Low-Lower asked a-to put it mildly-wrong question. The Fed reports to the Congress, period. Anybody who knows ECON 101, must be aware that the monetary policy should not be interfered with by the executive (i.e., the Whitehouse).

@Kamala-4-President 17 күн бұрын

Dude from NewYork probably is filthy rich as he seems to not be aware of the high interest rates - a FRB tool at work. If the FRB is doing their jobs, Potus should leave them alone.

@user-nd3fp5fl8n 18 күн бұрын

He probably meets with Janet Yellen, Secretary of the Treasury, to coordinate policy, much as Treasury Secretaries have met with Fed Chairmen over the years.

@jo43723 18 күн бұрын

Mr Green needs to take his hand off his face

@_nik 14 күн бұрын

@@jo43723 he needs to be taken out of the room

@KK-pm7ud 17 күн бұрын

There is no reason for the Fed Chair to meet with the President. Everything is fine. Which shows that they are both doing the jobs well. Idiotic congressman.

@x-men69-96 17 күн бұрын

fine? The highest inflation in decades and you’re fine with it? Independent doesn’t mean that The Fed can do whatever they want.

@KK-pm7ud 17 күн бұрын

@@x-men69-96 You have zero understanding of what you are talking about. There was zero reason for Powell to meet with Biden because there wasn't an emergency. Powell did and is doing an excellent job given the situation. High inflation isn't a reason for the President to meet with the Fed.

@cryp0g00n4 17 күн бұрын

@@KK-pm7ud makes sense. I do wonder what are reasons for a meeting however. Inflation is one issue that might need to be managed not through the Fed but other ways

@estradaoct 17 күн бұрын

@@KK-pm7ud lol it’s called checks and balances for a reason. Doesn’t matter how skewed your perspective is. Some people think the economy isn’t doing well, some people think it’s fine. There should be concern, and just because they don’t agree with your pov doesn’t make someone an idiot

@KK-pm7ud 17 күн бұрын

@@estradaoct The checks and balances is Powell going to Congress. You need to go to school and pay attention to how it all works. If Powell is doing his job and the President doesn't see any issue with how he's managing things or there isn't an emergency or other issue requiring him to meet with the President, then there is NO reason to meet.

@newsjohnson 16 күн бұрын

I don’t know who Mr. Green is (the one who essentially protested the questioner asking a question that may harm a current running presidential candidate) but they literally just put a current candidate through 6 months of trials. How laughable is this process.

@JaZaarMercury 17 күн бұрын

Mr. Lawler is grandstanding.

@weho_brian 17 күн бұрын

J Powell DA GOAT

@apothe6 18 күн бұрын

Because the central bank is meant to be independent. Trump on the other hand tried to pressure Powell to cut.

@royprovins7037 15 күн бұрын

They tried to impeach Volcker

@jayspassion5470 14 күн бұрын

i really want to KNOW what they was talking about at 1:59.

@Golden_Rule_Truth 17 күн бұрын

Is Mr. Green in a dream haha? What is he talking about??

@Pengtropica 15 күн бұрын

I’m assuming that earlier in the session or in a previous session, someone asked a question about a policy of Trump and said it didn’t seem right, and that was objected to and sustained. He was trying to prove a point.

@miniDrew4 7 күн бұрын

Congress should be off camera.

@paulrodrigues5562 18 күн бұрын

Parasites in charge

@MARR_2024 17 күн бұрын

And then he said it’s perfectly normal for him to not meet with the president because he is an independent department. Duh 😂😂😂😂

@mg-by7uu 17 күн бұрын

why would the head of a private bank need to meet with the president. The president works for the banks, not the other way around

@cryp0g00n4 17 күн бұрын

its not a department. Federal reserve bank is a bank. Its not part of the government... yea they really fucked us with the naming

@janstarostka5391 17 күн бұрын

Mr. Lawler probably should drink less Coke Cola, I guess?

@drscopeify 18 күн бұрын

Central banks should not be meeting with leaders as the leader of a country ALWAYS has incentive to lower rates no matter the inflation or cost to support the wealthy and businesses who back the leader and his party of any country. Even in Russia or China the leaders do not meet with the head of the central bank so that is a good sign. If Trump takes office and he starts calling Powell in, you know we got big problems. It does not take much to turn a country from balanced inflation in to Argentina and once you do that damage it takes incredible pain and suffering for decades to undo the damage. Let the Central Bank/FED do their job, let them fix inflation, the moment you interfere you harm everyone except the wealthy who love inflation.

@BrokeInfluencerCash 17 күн бұрын

Shouldn't the chairman of one of the, if not the, most important institution in America meet with our leader. Biden should talk face to face with Powell regarding the state of reserve, inflation data, etc. They should always use the facts too make their final decision but they need to meet about monetary policy. Its stupid to think an insitution that maintains the stability of the US shouldnt meet with the president.

@hanznathanpo 17 күн бұрын

@@BrokeInfluencerCashthe ability for the fed to do its job relies on it being completely independent from the government. It should not be influenced by anything other than data regarding the economy in order to stay impartial about the decisions that it makes. For this reason it's completely understandable for there to be no communication between the fed chairman and the president

@BrokeInfluencerCash 17 күн бұрын

@@hanznathanpo Ofc you don't want the president to influence the feds who there must be cohesion. The president has much more information about current world fiscal affairs, foreign policy, etc that the feds don't know about. The president and chairman have always met since it doesn't take a genius to understand that the leader of our country and the man responsible for keeping our country financially stable should meet. It's like a machine with two gears, you can't have one gear move at one speed and the other a different speed. They need to move in unison.

@LinuxUser123 15 күн бұрын

@@BrokeInfluencerCashdid you not hear Powell says it's completely normal for a president to not meet with the fed for long periods of time?

@BrokeInfluencerCash 15 күн бұрын

@@LinuxUser123 The comment I replied too said it was okay for them not too meet at all. "Central banks should not be meeting with leaders". Key word not.

@Barrysautobodysiny 18 күн бұрын

The Fed should be separate from politics.

@byorce 15 күн бұрын

I think he needs to ask the question at least 5 more times 😂

@Sonofawildanimal4241 17 күн бұрын

KEEP INTEREST RATES HIGH

@nickkerr6068 16 күн бұрын

Noooo please I'm still in college looking for a job or internship 😢

@joshua_lee732 5 күн бұрын

So Trump never spoke with Powell to my understanding either.

@real_john_doe 17 күн бұрын

Good

@barryrutenschroer75 11 күн бұрын

Stupid line of questioning, dumber objections, Let Powell explain, Fed is independent no need to meet with comatose Joe.

@x-men69-96 17 күн бұрын

Biden doesn’t remember who this man is

@qasurfer 16 күн бұрын

Why would he meet with Powell? Do you have any idea? Or you just like stirring sh*t?

@STOCKmarket-fo1fh 18 күн бұрын

We need younger politicians and government officials."

@mg-by7uu 17 күн бұрын

they would still be on the payroll of the corporations that pay out billions to all politicians annually

@KK-pm7ud 17 күн бұрын

@@STOCKmarket-fo1fh Let's have competent politicians who don't spend all day dialing for donations

@medusaskull9625 15 күн бұрын

I am not offended by anything except for the fact that the gentleman who thinks asking whether the fed meets with the president is in someway election interference. How can we have people like that running our government?

@Pengtropica 15 күн бұрын

I’m assuming that earlier in the session or in a previous session, someone asked a question about a policy of Trump and said it didn’t seem right? That was probably objected to and sustained because a Republican wanted to censor anything bad about their president. Mr. Green was trying to prove a point.

@MentalIronInc 16 күн бұрын

Well it’s because we have fiscal policy and monetary policy. Sometimes they are aligned sometimes they are not. But they are supposed to be independent

@EJH783 16 күн бұрын

He’s one of the best Fed chairs in American history.

@jennetal.984 15 күн бұрын

Terribly titled video. This should be called: “Democrats give a masterclass in the abuse of language for political purposes.”

@ryancane697 17 күн бұрын

Lets get on with it .... why was it interrupted. Point of order ???? Can we stop wasting time and peoples money. Get things done !!!!!!

@youran1312 17 күн бұрын

Crazy😮

@banit1122 5 күн бұрын

Yea sure, The Fed should have the power to act independently at the end of the day, but they should be working with the government to improve the economy. Constant communication to come up with a complimentary and calibrated response to promote growth and financial stability. Right now, there is explosive fiscal spending and restrictive monetary policy. Completely out of sync.

@RogerMentol 16 күн бұрын

Wow 'Mr Green' wth

@rice_lord 4 күн бұрын

Lawler is clueless

@stantc77 14 күн бұрын

But how is it fine to not have a meeting when the economy is bad and people suffering ?

@AnotherAnon735 14 күн бұрын

Because the president shouldn't be influencing the FED at all and the FED is totally transparent with the public. What would the meeting be about?

@peaslead 16 күн бұрын

This is how it should be. Whats the issue?

@Chicago48 12 күн бұрын

Lawler trying to start stuff. He's trying to make the Fed look bad. Lawler has probably interviewed Powell several times. For the camera....that's all he's doing it for is the camera.

@erichvonmolder9310 15 күн бұрын

I'm glad Powell hasn't had a meeting with the President in the last 2 years.

@djpaperplate 14 күн бұрын

The President should be concerned about the economy when there is record high inflation.

@chickenceiling 15 күн бұрын

bro so badly wanted to make biden look bad

@kevinrca 16 күн бұрын

What good would it do anyway??

@spoders92 16 күн бұрын

Congressman Green has himself a nice manicure 😘

@newsjohnson 16 күн бұрын

Presidential meetings with the Fed can only happen early in the morning or late at night, therefore disqualifying the current sitting president who is asleep during those times.

@user-bx4yj1sd6n 14 күн бұрын

Lower the rates already!! They are too high!!!!

@davincidreams832 16 күн бұрын

Jeez its like grade school children

@user-ys5qp4bq4s 16 күн бұрын

Biden staff: Is there a Doctor in the house? Powell: Is this some sort of "Juris Doctor isn't PhD" insult?

@jameshendley1975 17 күн бұрын

Unbelievable 🤬🤬🤬🤬

@noahburke4653 16 күн бұрын

Powell doesn’t want to meet with him 😂

@KaiserBlade 17 күн бұрын

It doesn't matter. Powell may as well be speaking Japanese to joe. He has no idea how the economy works.

@user-bx4yj1sd6n 14 күн бұрын

Lower the rates already!!

@NomadJournalistNews 17 күн бұрын

Why I hate politics..

@_nik 14 күн бұрын

green needs to go

@madboyokc 17 күн бұрын

The year is *1984*

@liudizzle 16 күн бұрын

He probably just forgot

@redline296 17 күн бұрын

But he can meet with you guys every other month

@Disco_r1 16 күн бұрын

Wow

@coltonbrostuen730 18 күн бұрын

In normal circumstances I'd agree with JP but considering in the last 2 years, inflation has been the most impactful part of American lives, I would have expected the president to have at least had a conversation with JP. I mean at least a, "hey how are things going?" or "is there anything we can do to help this issue?" type of conversation. At least then maybe JP could have told him to stop throwing money at Ukraine, Israel, and student loan forgiveness.

@MrApw2011 18 күн бұрын

Most people recognize that meeting for the sake of meeting is showboating at best and wasting everyone's time and creating stress and micromanagement at worse.

@DC-fn8kh 17 күн бұрын

I agree, in this state of economy, people would think that the goverment knows and try to contact the FED like you said, if gov people have any idea about economic that is. For this Biden administration, I doubt any of them know anything about economy so they just leave all the hard work for FED people.

@user-wt4kw4cj9w 17 күн бұрын

@@DC-fn8kh A great leader will delegate tasks to their team and let them work without interference or micromanagement. Seeing as how JP has been the chair longer than Biden president AND the Fed being independent, why would the President think he can do better? A great leader doesn't need to know everything about anything, they need to know how to inspire, manage, lead and make decisions that move progress forward.

@DC-fn8kh 17 күн бұрын

@@user-wt4kw4cj9w I understand your point and that's what I agree with. Then again, the world is in a very trashy economy state in case you didn't know. Biden as the leader can just contact the FED and ask for the situation and how we are going forward 1-2 years instead of doing nothing. President's job is not managing economy that's for sure, BUT he has to know the overall of the economy as a whole, because he's LEADING it.

@DC-fn8kh 17 күн бұрын

@@user-wt4kw4cj9w The fact that Biden's team has not contact FED for 2 years also mean that they don't care about the economy or have any idea how terrible it has been for last few years, which is very concerning don't you think ?

@ozlemelih 15 күн бұрын

Brandon can't even tell the difference between common stock and live stock

@Thomas-kx4xd 18 күн бұрын

Joe is too busy sleeping or falling off stages.

@pposavids5119 18 күн бұрын

POWER NAPPING....lol

@jeanmetcalf1263 18 күн бұрын

@@pposavids5119 power napping 18 hours a day seven days a week

17 күн бұрын

old man deserve his respect

@Tw1st3rFat3 17 күн бұрын

Jet lag...

@taden2007 16 күн бұрын

Haha explains a lot😂

@MrApw2011 18 күн бұрын

"Much ado about nothing". Trying to sling mud for no purpose at all. Why don't you ask how meeting with each other would make a modicum of a difference and then maybe we could understand your question or your hidden (not so hidden) point in your question?

@georgeorwell3501 18 күн бұрын

This won’t end peacefully.

@jakamodic3456 16 күн бұрын

Left-wing politics BRAVO.👏👏👏

@48panda48 17 күн бұрын

How the hell does this Green dude have a job

@adayexpired6370 17 күн бұрын

Mr. green: yes, I’m a tool and the swamp.

@gloriajaimesa2811 18 күн бұрын

R rep is sneaky. A 5 year old boy would see the intent here.

@JTFSIX 18 күн бұрын

The fact that you are blind is not my issue - the issue is your active contribution to ignorance...The Congressman validated that FOMC Powell was not "Politically engaged", That leads to the perception that the Fed is part of the "Movement" GROW THE F*** UP" wait.....this isn't the 5yo child is it? Do you see what I did there, Corky??? Stay Safe and Prayers

@hodokwaja 17 күн бұрын

Wtf is that Green guy talking about, what point of order? What words did they say?? lol is the president king? lol wtf

@fastpistonx 18 күн бұрын

Obviously Powell considers Biden a waste of his time.

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@theunbearablebull 18 күн бұрын

Even if he would have, Biden wouldn't have remembered.

@bennguyen9847 17 күн бұрын

Just a supply/Demand issue! Econ101! He may be compromised! His job is over in NOV.

@Rightround0846 18 күн бұрын

THAT. IS. TERRIFYING. Even jerome seems shocked.. what is happening in the white house!?!? 😮

@MrApw2011 18 күн бұрын

Are you being sarcastic? He said in his reply that he would be shocked if he did meet with him because there's no purpose to them chit chatting about inflation when this sort of thing isn't something the President can do anything about.

@Rightround0846 18 күн бұрын

@MrApw2011 that's scary. What his face says and his words are 2 different things

@fupopanda 18 күн бұрын

@@Rightround0846 You should be terrified when the head of the central bank is always meeting with the president. You're just stupid if you don't know that the core government should always be very separated from the central bank.

@Rightround0846 18 күн бұрын

@@fupopanda or you're a sheep.

@Rightround0846 18 күн бұрын

@@fupopanda you're a sheep

@fabiskey4621 17 күн бұрын

Defund the Democratic Party DJT #47 2024

@CityWalksOfYouTube 14 күн бұрын

MAGA

@andrewvo8395 17 күн бұрын

I get it. The fed chair is an independent body. But you’re telling me that the president of the United States does not check in with the leader of monetary policy for the country to see how we’re battling inflation? If that’s the case, then why do we hold the president accountable for rising or dropping inflation? He absolutely should be meeting with him, not to influence but to see what factors are impacting all Americans ability to buy a tank of gas.