Federal Reserve Chair Jerome Powell testifies before Senate committee
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- čas přidán 8. 07. 2024
- Federal Reserve Chair Jerome Powell testified Tuesday before the Senate Banking, Housing and Urban Affairs Committee on the monetary policy report, which details the state of the economy, as inflation remains above the Fed's 2% target.
#news #senatehearing #jeromepowell
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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.
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.
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.
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.
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.
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.
Ban cell phones from the houses!!! No gov official should be on their cell phone during these meetings. .ayhe theyd pay more attention tp their actual jobs that were paying for.
No, offense, the pots can't talk about the kettles! Both political parties really don't or can't point fingers.
We don't believe you!!!
Lies
Danke Ihnen
Why he had to testify because telling the truth not lying
So who does have a seat at both tables?!
The FED needs to be done away with and do away with deficit spending from the government and we won't have no inflation
This is more lies than truth, I can not afford the food now that I was easily paying for before and during pandemic, so how that compares with 2.3 inflation, bulls!
The current rates are not sustainable,
Exactly. I have 2331 housing units right now. The numbers don't add up with the interest rate right now. If only I bought more... Daddy needs a new horse ranch in Texas...
Also my zombie company needs more cheap debt to survive.
Im still shocked i just heard "Feeling are feelings" from the gentleman from lousiana. From the F*ck your feelings party...they now care.
He may think it's better but that would be a lie! I wonder if he got this fairy tale from Grim's fairy tales
to much skin showing
Powell is great. I'd like to keep him for many years.
End the fed, inflation is a tax don't be fooled
@jarehelt Sure is, should have been fired behind the 8ball of inflation! He sucks!
@@susanrocksvold534 Trump took a huge dump on the economy before losing an election via COVID. The entire globe hasnt recovered and the USA is still doing better than the rest. I'd say he's done an excellent job!
@@susanrocksvold534 Ugh how come my comment was deleted? The fed operates as a ponzi scheme it's nothing controversial
@@susanrocksvold534 My comments keep getting deleted 😑
“The economy is doing fine” democrat Barney Frank head of finance committee, 2 months before 2008 economic collapse under democrat Obama.
Under who? Short memory or just a lie.
Dems always have to clean up Rep dirty diapers.
You seem to be confused, amigo. Bush2 Junior was President, during the "2007-2008 Financial Crisis", when the Market crashed. He spent a BILLION dollars "saving" big banks! It was a done deal, BEFORE the election. Obama wouldn't take office for months, after.
end the fed
Except it was during Bush's last year.
@@mervfer1162 well, his last TWO years, if we're being honest. And, WTF does that have to do with Obama?