Federal Reserve Chair Powell testifies before House financial services panel

Federal Reserve Chair Powell testifies before House financial services panel - 7/10/24

Рет қаралды 150,535

28 күн бұрын

Federal Reserve Chair Jerome Powell testifies on Capitol Hill before the U.S. House Financial Services Committee on Wednesday.
The appearance comes after Powell appeared before the Senate Committee on Banking, Housing, and Urban Affairs on Tuesday. There, Powell said U.S. economic growth is still solid but acknowledged that the central bank now sees the economy as having the two-sided risk of rising unemployment and inflation that is still above its 2% target.
"Reducing policy restraint too late or too little could unduly weaken economic activity and employment," Powell said Tuesday.
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Federal Reserve Chair Powell testifies before House financial services panel - 7/10/24

Пікірлер: 158

@Stevierockie 25 күн бұрын

Fed Chair Powell just testified before the House, and the stock prices plummeted. It's incredible how much influence one person can have over the entire economy. As the head of the Federal Reserve, Powell's words can send shockwaves through the market.

@Stephenrogzyyy 25 күн бұрын

Absolutely, his testimony can affect interest rates, inflation expectations, and overall market confidence. If the market perceives his statements as negative or indicating tougher times ahead, it reacts almost instantly.

@JimRex-sf8bt 25 күн бұрын

That's why having a good financial advisor is so crucial. They can help you navigate these turbulent times and make informed decisions. I remember last year when Powell hinted at interest rate hikes. My advisor, Desiree Ruth Hoffman, had already warned me and adjusted my portfolio accordingly. It saved me from a lot of potential losses.

@pengily_emi 25 күн бұрын

Desiree Ruth Hoffman? I've heard a lot about her recently. People say she has an uncanny ability to predict market movements. With everything going on, it's reassuring to have someone who can give you a heads-up on what's to come.

@Stevierockie 25 күн бұрын

Yeah, she’s been fantastic for my investments too. When Powell's testimony today hinted at a possible economic slowdown, she had already positioned my assets in more defensive stocks and bonds. It's about being proactive rather than reactive.

@Stephenrogzyyy 25 күн бұрын

It’s not just about reacting to the market; it’s about being prepared for different scenarios. A financial advisor like Desiree can provide that foresight. When Powell speaks, he’s essentially providing a roadmap for where the Fed thinks the economy is heading. Understanding and acting on that information can make all the difference in your financial health.

@dogegamer3288 26 күн бұрын

So basically almost nobody from Congress gives a rats about attending this critical meeting. The place is empty. Shameful.

@tiamat_023 26 күн бұрын

It’s a committee meeting, keep your pants on. 🙄

@Dr.Weed8 26 күн бұрын

Yeah they’re too busy trading NVDA stock to care.

@cjgazerro622 25 күн бұрын

There’s a vote on the house floor I’m not defending them I’m just saying, I know there’s a vote going on

@marzv888 26 күн бұрын

Powell deserves a raise, he has one of the hardest jobs trying to satisfy the poor, corporate greed, greedy banks and investors, middle class, rich, and slimy over spending geriatric politicians! Don't get how they're grilling him when these house people are spending like a teenage girl with a AMEX black card. Powell is trying to tell you that jobs are still strong and we're still spending ridiculously. He keeps giving us clues but we're just not listening, we love plastics and just junk.. Merica

@larrybuller4707 26 күн бұрын

Look at the Jobs report, most are part time jobs or government jobs…at least do some research and not just spew the Democrats lies to Americans…

@1996ivang 26 күн бұрын

If Ms Waters ever has a problem in public office, she will be able to take up a job as a comedian. That'd be a better use of her talents

@tortreform9478 26 күн бұрын

Listening to that lady talk makes me wanna go buy one of those 25 year shelf life emergency food kits from Costco.

@0monroy 25 күн бұрын

I believe it's important to consider the age of individuals serving in the Senate and in Congress. Perhaps we should explore implementing term limits to ensure that representatives and senators can bring new perspectives and ideas to the table.

@tortreform9478 25 күн бұрын

@@0monroy Term limits would be tough but I think everyone can get behind an age cut off. It could be that you cannot serve of you hit the us life expectancy of 77. A good comedic irony would be that you cannot serve if you meet the set age for full social security retirement benefits.

@0monroy 25 күн бұрын

I agree, but the cutoff should be 60. We need a younger influence to challenge our administration and remove the stalwarts of authority.

@tortreform9478 25 күн бұрын

@@0monroy Yeah younger would be better but i just think the number has to be derived from somewhere for it to be argued properly. 67 being the retirement age for Americans seems hard to argue against. 30% of the senate are older then 67 and about 15% of the house are older then 67. That 30% and 15% are probably the ones calling the shots realistically.

@sucim 26 күн бұрын

54:00 LOOL "So eliminating the FED is best for promoting economic stability?" "YES"

@realestatemindset 26 күн бұрын

I'm on it 🎉

@kylephipps1078 26 күн бұрын

Yeah, the MO rep didn't know what JPOW was saying and apparently JPOW didn't know what the MO rep was saying lol

@pootsplasencia4846 26 күн бұрын

@@realestatemindsetbrooo you are everywhere

@miamianz 26 күн бұрын

At this point yes ive been through 6 economic collapses

@Lombardi54 26 күн бұрын

I had to listen to it twice to catch it 😂. Nobody heard anything clearly on the last part. It was like Mr. Magoo interviewing Mr. Magoo. I respect those two well meaningful men but that glib was my favorite!

@mickeyslaven 26 күн бұрын

I couldn’t even make it through yesterday’s. They keep saying the dumbest stuff imaginable just for the camera. Not even asking him legitimate questions.

@bjnowak 26 күн бұрын

This is the first time I’ve ever watched one of these. How in the world does anything get done?

@stevenbeenaware 26 күн бұрын

These people are corrupt. The Fed needs to be abolished. They have never been audited.

@mickeyslaven 25 күн бұрын

@@bjnowak welcome to the club, nothing does get done lol.

@shawncanon9028 26 күн бұрын

I’m just confused how they get to walk out during a meeting.. Any other job you would get fired how is this allowed

@amansyed9552 26 күн бұрын

wait what happened, reference?

@stevenbeenaware 26 күн бұрын

Don't be confused my friend. It happens because they are corrupt

@user-jz8bv7dh7k 26 күн бұрын

What a waste of salaries

@loveline7305 26 күн бұрын

A crowd full of goofies asking idiotic questions....God bless America

@bjnowak 26 күн бұрын

Who votes these people in?

@jwb4bb 24 күн бұрын

53:38 - Powell agrees that eliminating the Federal Reserve would promote economic stability.

@marzv888 26 күн бұрын

Ms Waters LOL

@slasherfreek 26 күн бұрын

Mr. Green is such a hater.

@ytrabbithole6893 26 күн бұрын

Yes, the economy is doing great, average young American can't afford a house anymore...

@larrybuller4707 26 күн бұрын

Who votes these people into office…

@bjnowak 26 күн бұрын

Wondering the same thing

@stevenbeenaware 26 күн бұрын

Corruption at the highest levels of government

@jackie-sd6lc 26 күн бұрын

this is what happen in real world: A student interviewed by C student, like all the time in job market

@lsmitty8839 26 күн бұрын

😅 inflation up well over 40 % not sure what world they are living in FJB , morg rates have tripled in 3 years !!!!

@mohamedyusuf3400 26 күн бұрын

F$$$ Joe Biden. Worst economy for a teenager such as myself to prosper in

@dmtd2388 26 күн бұрын

Jerome is accumulating new printers for the new presidency for the last 4 years hes hobbies are printers

@larrybuller4707 26 күн бұрын

We dont need a law or DEI..Hire the best people regardless of there background, or color..

@RobertRituaRealEstateGuide 26 күн бұрын

Mss Waters, the Fed raise and lower interest rates to control inflation, has nothing to do with Diversity and Inclusion. The monetary policy does not discriminate. Money does not discriminate. If a business need to downsize, in a recession, they will need to lay off some of their workforce for the business to survive in those challenging times. Diversity and Inclusion in this case will bring the the company down if you're going to mandate the company to keep their workforce in those challenging times. If the company closes, they all will be unemployed. The monetary policy is a balancing act the Fed needs to deal with.

@chaunceyhart1346 26 күн бұрын

Where’s Ron Paul when you need him! These people don’t have a clue about anything.

@momof2souls614 25 күн бұрын

WHY WASN'T HE SWORN IN?!?! It's hard to have and keep anyone accountable without being UNDER OATH!!! WHAT THW CRAP!?!?!?

@zenx28 26 күн бұрын

2:08:45 is all you need to know on why the economy is in the trash

@0monroy 26 күн бұрын

Ms. Waters always seems to seek out policy in the midst of the fed. Why os she even discussing Project 2025. Whaat was her point? Bravo Jerome Powell.

@rajhansraj4423 3 күн бұрын

Second day stocks getting hammered!! New leadership is needed moving forward before this guy drives the country into a recession

@Richard_Martin 26 күн бұрын

Chair should have ruled on the point of order, in general this is really sad to see they have no idea what they're talking about

@MrXceller 26 күн бұрын

what does this have to do with economics?

@user-ol7tl1vf5m 24 күн бұрын

If money ceased to exist, human ingenuity and drive to build and innovate would persist. Throughout history, innovation and progress have often stemmed from necessity, curiosity, and the desire to improve our lives, not solely from financial incentives. Communities would likely find new ways to exchange value and resources, ensuring that creativity and development continue to thrive.

@ATLFUNKCARTEL 26 күн бұрын

You can’t just “wipe out” student loan debt. You just increased our deficit by that much.

@edwardloomis887 25 күн бұрын

I salute Ranking Member Waters in her first committee hearing as head of the Whig Party.

@marzv888 26 күн бұрын

Min 51-54 please skip it's just another one that's to old and should retire already..

@JahBreed 19 күн бұрын

Its what the people want.

@taranjitsingh2714 26 күн бұрын

Buy gold stocks…look for Q2 blockbuster earnings with high gold prices…gold stocks will skyrocket and not to mention interest rates coming down further fueling prices!!

@miamianz 26 күн бұрын

Everyone os goverment should be making minimum wage so they understand how trickle down economu works. Im moddle class and i can tell you the pop hit the fam 2 yrs ago the upper class is about to be the middle class in another 6 months. But lets not kod ourselves this ia the plan to keep us finacial slaves and banka to keep all of us renters.

@larrybuller4707 26 күн бұрын

It’s about the best Talent.. This women is crazy…and doesn’t know anything about the economy

@mohamadborzoie3384 26 күн бұрын

Mr Green Are You?

@Spacedecorator1 25 күн бұрын

Done with both democrat and Republican BS of blaming each other for inflation but doing nothing at all.

@garymcmillan6943 26 күн бұрын

What normal people would say after both sides opening arguments would be : You both just lied and you are completely absurd.

@CarlitoswayDR 26 күн бұрын

Mr Donalds was the best here today

@stevenchen8933 26 күн бұрын

Ms Watters makes me sick!!!

@christophfrei9578 26 күн бұрын

Stagflation!

@0monroy 26 күн бұрын

Mr Green: Was ridiculous in his motion.

@bjnowak 26 күн бұрын

Why did get cut early?

@Scorch428 19 күн бұрын

my God that camera woman behind Powell in the first half is gorgeous...

@larrybuller4707 26 күн бұрын

More free money…I worked two jobs, making 8.00 an hour…I didnt get any free money…

@hubaermi 26 күн бұрын

5 minutes seems not enough....

@stevenbeenaware 26 күн бұрын

Exactly. Its BS. And all one big show.. it's corruption at the highest levels of governments. This so called leaders make rules for us, all while. They get richer and many get poorer.

@GailKaasa 25 күн бұрын

There is a bunch of Republican BS

@Doomtasticness 26 күн бұрын

bruh

@abgzulkifli 26 күн бұрын

Free pizza for everyone

@MoneyyManFX 26 күн бұрын

That camera girl behind powell is fine 😍😍

@RedguardSpy 26 күн бұрын

B b bruh

@eduardosimoes5877 26 күн бұрын

What happened?

@mohamadborzoie3384 26 күн бұрын

What happened? !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

@Miyo_Kun 26 күн бұрын

yoooooooooooooo

@anam.caballerowilson9421 26 күн бұрын

Ha ha ha empty seats like emptying the Feds

@larrybuller4707 26 күн бұрын

Who is this guy….

@westmassdave7354 26 күн бұрын

Your All overpaid And i want my money back! All of it.

@Denis_Lamy-f5k 26 күн бұрын

@romek5523 26 күн бұрын

🏦😈🏦

@davidjonburke2729 26 күн бұрын

What a bunch of losers

@johnmarkston4883 26 күн бұрын

lizard people 🦎

@lilboogie6106 26 күн бұрын

Biden is finished

@samuelpanning764 26 күн бұрын

Chair Powell is an honorable leader with a good balance of empathy, pragmatism, and perseverance

@stevenbeenaware 26 күн бұрын

The federal reserve is corrupt. They never have even been audited. He is a part of the problem

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