Federal Reserve Chairman Jerome Powell seems earlier than the Home Monetary Providers Committee to current the semiannual financial coverage report and talk about the state of the U.S. economic system.
Powell nonetheless sees rate of interest hikes coming, however famous Wednesday that the Russia-Ukraine warfare has injected uncertainty into the outlook.
In remarks ready for twin appearances this week earlier than Home and Senate committees in Congress, the central financial institution chief acknowledged the “large hardship” the Russian invasion of Ukraine is inflicting.
“The implications for the U.S. economic system are extremely unsure, and we can be monitoring the scenario carefully,” Powell stated.
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Fed Chair Jerome Powell testifies earlier than Congress on financial coverage and economic system — 3/2/22
source
Congressman French Hill AR wins the moment.
jump to 2:30 :00 mark
the democRAT'S are going to go home
1/4 pt with inflation over 7%…..WHY BOTHER?
pff.. lier.. temporarily events.. yeah ofcours. every 6 month a temporarily event bring inflation high over a long period.
this whole admin is a joke and a FRAUD…traitors
The crypto market has been unfavorable in the past weeks, I’ve lost a lot of money already and I'm most certainly impatient right now,How can i ever make a profit in cryptocurrency.
Once again, smart Senator Warren didn't realized that Democrats economic policy on shutting down Keystone pipeline was the reason of the gas price hike and embolden Putin to invade Ukraine. Three percent of our oil import was from Russia.
One thing that is not uncertain is that Powell wants inflation.
He quickly dropped rates without any concern over impact on inflation but now when the resulting inflation occurs he’s hesitant to raise rates and stop the big steal
The gentleman in Illinois was trying to say, Florida is going to flood all over, people please stop moving to Florida due to POLITICAL!!!! like he's scaring ghost to little kids; with that said, he proved that there is article done research for that matter. Telling you that who done the research and who wrote the article? even covid scientific also can be created if not can make up papers and research including MEDIA feeds into articles so $$$ into vaccines (ofcourse after crime covid) and PPE supplies can be profit as well as political!!!! THIS IS THE DEMS STYLE, FED PEOPLE WITH PREPARED EVIDENCES AND MEDIA HARRASMENT TO SICK PEOPLE OUT FOR CONTROLING POWER!!!!
Mr. Scott speech is history.
Haha only thing that can stop 🛑 all this is BITCOIN idk 🤷🏾♂️ why these old people can’t figure it out!
Powell knows nothing about money and economy. He is a puppet taking order from his master.
Korea 정권바뀌면모조리다 패서조질것 ㅡ뿌리.제제거할것ㅡok 사헝집행ㅡ
One morning we will wake up and learn via breaking news that Jerome Powell is an escaped lunatic posing as a banker and spent all the money on tesla and bitcoin. Then all this will make sense.
Lies…lies…lies.
Jerome will go down in history as The one who turn America into part of Africa.
Feels more and more like Zimbabwe!
The job gains numbers cited were nearly all below monthly expectations, in contrast to the prior administrations exceeding monthly expectations in its last 12 month covid era. Moreover, the Congress Women cites in the first 2min the nominal wage increases, while skillfully sidestepping that Real wage growth (nominal – inflation) was negative.
“We’re not slowing down the printer”
How about first changing the regulation of building only single family houses in America. Switch it to more of a Europe center format to multilevel homes .
Whoa, red flag… Did Jerome just say that tax avoidance was criminal behavior? I hope he meant tax evasion… Since that is actually illegal, whereas tax avoidance is legal…
Jerome Powell 🤘🏼
If inflation is a TAX, and the Fed promotes INFLATION (even at 2%), that essentially is a TAXATION.
Only Congress may tax, for Congress must answer to voters, and only Congress possesses the Constitutional power.
The Fed is promoting a taxation without representation…for who has representation on the Fed?
And the definition of "stable" as in "stable prices" is not a constant increase of 2%, as promoted by the Fed, which aggregates and compounds.
The Fed is ROGUE, it has been hijacked.
empty suit can kicker
It seems to sink in with Mr. Davidson, that the Dollar is a giant ponzi scheme
This race bateing greedy liar should not be in control of anything! What a sick lying bi_<<h
Can you name one thing anywhere in the world that is cheaper today than it was 3 months ago? The largest price increases are from water and energy; the two things we need to grow our food and transport it. Having said that, this is likely (and sadly) the best time to trade in a lifetime. Use an algo though, no human is as fast as this market is moving.
Ms Waters is not wrong but she’s not seeing the bigger picture, that it’s the easy money of the fed that is causing these market distortions
this guy is a liar and they have failed the people….
Everyone keeps ignoring the elephant in the room that the labor shortages are largely due to the anti-science "vaccine" mandates. So many people have lost their work or had to leave their jobs due to these mandates. And, these people for the most part do not show up in the Unemployment numbers because they are not permitted to file for unemployment if their loss of work is due to the mandates. The vaccines do nothing to curb infection or spread, & the clinical trials did not even study the "vaccines" for these purposes. The "vaccines" were simply studied to see if they reduced symptomatic infection – which itself was poorly studied & required people to self-report symptomatic infection within a narrow time frame. No proactive testing or study to see who had acquired symptomatic infection took place. End the anti-science mandates now!
I didn’t think it was possible to get a more clueless chairperson at the Fed than the last two …. I was wrong !
EMBARGO RUSSINA OIL? CRASH CRASH CRASH
Blah blah blah, when are you going to increase rates high enough to bring down inflation….that's your job.
Hard questions no answers but feds have a answer they already started.
Is there a transcript of this speech?
Do they realize RENTS are going UP $$400 a month for a BASIC studio apartments LESS than 500 square FT !!!!! HELP US !!! IT IS YOUR JOB !!
Do they realize RENTS are going UP $$400 a month for a BASIC studio apartments LESS than 500 square FT !!!!! HELP US !!! IT IS YOUR JOB !!
Can someone please pass a memo to Powell that Americans are ALREADY ENTRENCHED in inflation?
😂 😂 bipartisan plutocrats will bankrupt the US economy and blame “woke”,immigrants and CRT🤣🤣the manipulated self deceived masses will blame ole Hillary Clinton ✅😁🍿🍿
Cryptocurrency miner will diversify their revenue stream and business models from one another this year , according to the compass posit of Dr Elwin Emersen a crypto miner ' The cryptocurrency research firm estimate the Global hash rate will rise to 327 exhausts per second by the end of 2022 – a nearly 60% year – over – year by the end increase while we believe our hash rate growth estimate is relatively aggressive compared to consensus , we see it as a more conservative approach given that miner revenues and per- approach given that miner revenues and per BTC cost are directly related to Global hash rate share , potentially suggesting upside to our estimates if growth is lower than expected .the Hash rate of Bitcoin is measured in hashes per seconds (H/S).Miners need a high hash rate to mine successfully .Both the diffcult and hash are very large number expresses in a bits , so for the operation numbers to be profitable for miners , the calculation simply requires the hash tone lower than the difficulty . As a crypto miner and investors I will advice all investors to Engage into mining and grown more profits due the recent flotation of the crypto market price . I have been able to make a profits of more than 10 BTC in 6 weeks of investing into mining using Dr Elwin Emersen Mining formula.he can be contacted via what's app : +447-3605-17510 and Telegram Elwin_Emersen in any crypto related issues.
Cryptocurrency miner will diversify their revenue stream and business models from one another this year , according to the compass posit of Dr Elwin Emersen a crypto miner ' The cryptocurrency research firm estimate the Global hash rate will rise to 327 exhausts per second by the end of 2022 – a nearly 60% year – over – year by the end increase while we believe our hash rate growth estimate is relatively aggressive compared to consensus , we see it as a more conservative approach given that miner revenues and per- approach given that miner revenues and per BTC cost are directly related to Global hash rate share , potentially suggesting upside to our estimates if growth is lower than expected .the Hash rate of Bitcoin is measured in hashes per seconds (H/S).Miners need a high hash rate to mine successfully .Both the difficult and hash are very large number expresses in a bits , so for the operation numbers to be profitable for miners , the calculation simply requires the hash tone lower than the difficulty . As a crypto miner and investors I will advice all investors to Engage into mining and grown more profits due the recent flotation of the crypto market price . I have been able to make a profits of more than 10 BTC in 6 weeks of investing into mining using Dr Elwin Emersen Mining formula.he can be contacted via what's app : +447-3605-17510 and Telegram Elwin_Emersen in any crypto related issues.
Yellen, Bernanke,Greenspan. Wow what a financial legacy. Wait till Ukraine can’t plant their wheat! In the next 2-3 weeks. Food crisis coming. Hyperinflation cus no one since Volker has the guts to give the millennials a wake up call in history. They want what it all now house,big trucks,skidoos,boats,toys,toys instead what used to take SAVING money it’s all borrowed. Repo man is going to be busy.
Takeaway: Feds job isn't to prevent a stock market crash
Its job is to
Control inflation
Maximum employment
With this team, the days of the $ are counted
Digital currencies with no backing are not a store a value, theyre a speculation, like gold 😂. Jerome Powell just placed crypto and gold in the same basket.
The number of 5 minutes slots used up to hear themselves talk or live out some power-speech fantasy, could be taken out to get this hearing below an hour.
Thankfully there were a handful of constructive questions that made some interesting points.
Ash Wednesday hearing…..
you'd think a huge media network with 2 million subscribers could add timestamps to a 3 hour video… abysmal amount of effort from a giant company, but thanks for the upload anyways I suppose.
Companies are paying 16 to 19 an hour due to inflation cost of everything has gone up.
Next companies will pay 25 per hour because inflation is going to keep rising.
When will the government reduce inflation so that it goes away?
Instead they think that inflation will magically peak and then come back down.
Graphs go up and down but over all they go up and congress focuses on the downward parts.
Did they stop the printing presses and inflationary regulations? Or does the US dollar have to collapse before they make changes?
World War III Has Begun; How It Unfolds Depends on Us
We think of the Russia-Ukraine war as a local conflict, but it is much more than that; it is a global war on multiple fronts. The war is not only a military conflict; it is also an economic war of attrition. With skyrocketing gas prices and shortage of staples, people all over the world are feeling the consequences of the war.
This war is transforming the entire modus operandi of humanity. Since the dawn of time, we have been accustomed to living by the motto, “survival of the fittest.” By and large, the rule was that the strong determined the rules, and the rules were often abusive toward the weak. Now, it seems like a new mindset has set in: Wanting something and being strong enough to take it does not mean that the world will accept it.
The war, therefore, is being fought on the inside no less, and perhaps more than on the outside. Our very makeup is changing from abusive to cooperative, from narcissistic to altruistic.
It hurts, and it will not happen without a struggle, but it is irreversible. This is the path of our evolution toward the purpose of our creation—to encompass within us all of creation. To do that, we must come to care for it, just as a mother encompasses her child through her maternal love.
The struggle to transition from our current uncaring and mean approach to all creations but ourselves, into wise and compassionate beings is called “the war of Gog and Magog” or Armageddon.
Since the war is about our inner makeup, we can fight it within us. If we object to struggling with ourselves over who will rule—the ego or love—the physical reality will force us to choose love nonetheless. However, it will do so by hurting us in a very physical way.
The war in Eastern Europe is nothing compared to what we might have to endure if we resist the process. The horrific descriptions of our sages and prophets hint at it, and we would not want to live through it.
Alternatively, we can fight this war within us without firing a single bullet. The choice is in our hands. All we need is to continue in the same direction that nature is already leading us: toward connection. If we make an effort to care for one another, even though initially we don’t, then we are moving in the right direction. If we try to resolve conflicts not with guns or even legal battles, but by strengthening the care and friendship between us, then we are saving lives and sparing torments from countless people.
In conclusion, let us try to rise above the hatred and see the human on the other side, who suffers too. Let us think that this war was given to us so we would think about each other more than we have so far. After all, were it not for this war, we would not notice one another. Now that it is here, we are no longer indifferent. Although our feelings our currently negative, now that we are aware of them, we can work on them together and turn them around. These are the wars of the Messiah who moshech [Hebrew: pulls] us out of the ego, and into mutual love.
Inflation is unfair to hard working families that work overtime to find prices of goods and services increase and the value of the dollar they use diminish.