Loading ...MEANWHILE : FED CHAIRMAN POWELL DOES AN UNUSUAL AND UNPRECEDENTED INTERVIEW ON 60 MINUTES TONIGHT
Chartsmaster or anybody please watch this and summarize for us. There are NOT enough hours in the day to keep up with everything. This is all overwhelming now
sheesh
If you are NOT in the USA you need to use a VPN set on an American IP Address to view this
OK I watched it
Powell was Impressive
So much so that i have a new found respect for the man.
He admitted mistakes . He reassured that the Banks are mostly fine …no 2008 scenario
He is holding rates until mid year.
He has Brought inflation down from 9% to 3% but is not yet satisfied it is sustainable
The economy is strong . Unemployment is at historical lows ..BUt many people are still struggling because the jump in prices for the basics has increased a lot and it’s NOT going back down..thus people are blaming the Biden admin for their struggles.
He was asked if Politics plays a role in his decisions and he said that NO it does not…Integrity is the most precious Commodity and he values that above all.
He does not forsee a recession
He is not concerned about the banking System as a whole ..not even because of the Commercial Real Estate Situation
Basically he has saved the Country and the world because of his strong swift actions .
He acknowledges it would have been better to start sooner as they missed the embedded Inflation signals
Am I being nieve ?
He was humble and calm and clear and concise.
MUCH more articlate and believable than any of his predicessors…Greenspan Bernanke and Yellen ..who were all disgusting Creeps
Maybe just maybe he is the real deal.
I am impressed
He’s as full of shit as his predecessors. He will begin cutting when the fake stats are no longer believable to the masses. He most certainly is not raising rates because he knows the worlds economy is tanking. Does anyone think big money gives a tinker’s damn whether he cuts in March or May? They know cuts are coming, and they are prepared. The Fed is a fucking PR firm!
“He has Brought inflation down from 9% to 3% but is not yet satisfied it is sustainable” WE ARE GETTING POORER SLOWER – YAY !!!
Basically “our goal is that you will never see last year’s prices ever again and you should be glad because the erosion of your buying power is slowing although we will never let it go to zero”
The number one rule for a parasite’s survival is DON’T KILL THE HOST !
Comments 2 & 3 are correct. It was a BS nothing burger. Repeat of his statement & presser designed for the 90% of population that don’t follow FOMC meetings.
Oh…well then yes…I am nieve
But he is a good liar …everyone who watched this will like him