Jerome Powell says Fed has made 'quite a bit of progress' on inflation
CNBC's Sara Eisen moderates a discussion with three central bankers, European Central Bank President Christine Lagarde, Federal Reserve System Board of Governors Chair Jerome Powell and Banco Central do Brasil Governor Roberto Campos Neto, during the ECB Forum on Central Banking in Sintra, Portugal on Tuesday. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
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Пікірлер: 114
He allowed inflation raised to 9% and now taking the credit for lowering inflation?
@azza4793
18 күн бұрын
Wouldn’t say he is responsible for the supply issues that happened through Covid.
@petewilliam4295
18 күн бұрын
Too slow to raise rates Likely too slow to drop rates
@snwbm
18 күн бұрын
The Federal Reserve has limited tools that slowly help to nudge the economy in the right direction. They aren't gods with unlimited power. They are also only the Reserve of 1 country. There are currently 216 different Central Bank organizations in the world. And the majority of the world faced higher than average inflation due to shortages.
@mlindenigumede7598
12 күн бұрын
It's all a game
@theboringchannel2027
12 күн бұрын
@@petewilliam4295 FED is always behind or following the market, been that way forever.
Labor market is good because people need two jobs to get by.
@erichvonmolder9310
18 күн бұрын
If that is the case, that's good then.
@lmankj
18 күн бұрын
@@erichvonmolder9310no, it’s not. Kids suffer and the middle class is destroyed.
@erichvonmolder9310
18 күн бұрын
@@lmankj , rather dramatic.
Sara Eisen doing a great job 👏🏻 👍🏼❤
@method341
18 күн бұрын
Lagarde hated every second and Sara made her squirm!
Like we believe him
@erichvonmolder9310
18 күн бұрын
Why not? You can't fight him and you can always get out of the market or get into something very safe.
Inflation can go up at any time, so 2 readings of lower inflation does not mean anything.
Even though I plan to stick with it, inflation is wasting my money and my portfolio is losing gains every day, so I need a cure right away. My main concern is how to raise the value of my cash reserve because it has been lying there for a very long time with little to no increases and inflation is currently about 3.4%.
@mikeharry96
18 күн бұрын
I know what I want to do now that the market is in decline, but I'm not sure which stocks to buy, which investments would generate the best returns, etc. Due to the risk, the possible benefit is larger, and experts are better at drafting such precise contracts.
@ethancharles362
18 күн бұрын
In fact, despite having no experience or prior knowledge when I began investing in 2018, by the end of 2019 I had made a profit of over $750k. I had merely been adhering to the advice that my financial counselor had given me. This demonstrates that all you really need is an expert to assist you; you don't even need to be a great investor or put in a lot of work.
@pauledwin
18 күн бұрын
That's amazing! Given my failing portfolio, I could really use this manager's abilities. Who exactly has authority over you?
@ethancharles362
18 күн бұрын
Yes, Sharon Ann Meny made headlines in 2020, but I'm not sure if I can bring her up in this context. She manages my portfolio and acts as a counselor for me.
@andrewlogan7737
18 күн бұрын
Insightful... I was curious after reading what you shared, so I Googled her name. I came across her webpage.
He obviously hasn’t tried to buy a house, car or go out to eat at a restaurant lately.
2:30 lol 😆
@jackinsonpablanes760
13 күн бұрын
2:55 recession is on the way
Yeah your "transitory inflation" has done a ton for the top 1%
Yes of course- Gas prices are down because they dumped out the US strategic oil reserves - too bad they can't do all the time - like drill more wells and build pipe lines? Even so the Dollar store is $1.25; coke is up from $1 for 2 liters to $1.75; my favorite resturaunt is up 50% so I cut back, same as others are cutting back on buying from me so sure fixing wasted spending and oil reductions on the backs of citizens ; electricity and natural gas; all up. Some companies have had to cut prices because of inflation/higher interest - like most car makers; that means lower or no profits. Oh but we can pay Ukraines pensions and spend there like there was some chance to win there. A giant waste of money.
@SpaceLion87
18 күн бұрын
They don't need to build more oil pipelines. They simply can destroy others and blame Russia.
The maniacal government spending is a leading cause of inflationary pressures.
2:53 unnecessarily undermine the recession.
@LonesomeDrifter186
18 күн бұрын
Yep that's what I heard too...😂
@joefuentes2977
18 күн бұрын
Whoopsie 😂
@jackinsonpablanes760
13 күн бұрын
they caused it on purpose he know a recession is under way
Yeah I question their narrative on “progress”. Have you noticed anything get cheaper? I haven’t. At all.
@drscopeify
18 күн бұрын
Used and new cars are down, home rent and prices are at least leveling off if not falling in places like Austin Texas and all kinds of areas in the country, food price has leveled off, only thing really going up is insurance but that is always the last shoe to drop, it is always the last one so pretty normal. I was actually able to bring my home insurance down from 980 to 900 a year but I am in WA state so no natural disasters here so insurance is pretty low for the most part.
@stanleyarnold3484
16 күн бұрын
He is lying
Guess what everything is still 20-30% more expensive than 3-4 years ago. And wages haven’t increased at all.
@snwbm
18 күн бұрын
Wages certainly have increased and are currently outpacing inflation.
@413bassheads
13 күн бұрын
@@snwbmwhere?
Is this the meeting of the deranged?
This guy isn't going to cut until the s&p goes into a 10% correction 😂
Oil prices have climbed substantially since last month's favorable inflation data risking an increase in inflation.
strong labor market, suggesting everyone participating in gig and part time jobs? lol
Impeach Him
@gasdorficmuncher9943
13 күн бұрын
i think the fed did this to get trump back in
No cut??? 😮 BOJ will be forced to intervene to avoid a free fall to usd:yen 1:300 !!!
2:53 They think we don’t know what’s up ahead. It feels like 2006 all over again…
@shines22
15 күн бұрын
2006 on steroids
Sara is HAWT ❤
Transitory
@gasdorficmuncher9943
13 күн бұрын
food is smaller and more expensive you gotta eat
Plaster Boi! His nose is falling off cuz of all those dirty lies he blabbers into the abyss!
Interest rate higher for longer.... Man I wish i hadnt Dated the Rate
no cuts till 2026
@erichvonmolder9310
18 күн бұрын
We have another expert here. Thanks
Given the bond reductions, it could require an easing next few months or get hit with lag effect and recession
Didn't Charlie Munger predict that interest rates are going to remain high for the next 40 years, or something like that?
@drscopeify
18 күн бұрын
No that would be Peter Zeihan but we are not on that path. That would only happen if China and the USA stop trading but until that happens it could be 1 day or 50 years or never. It's all up in the air.
Criminals...
@BrunoHeggli-zp3nl
18 күн бұрын
You are a criminal!
@erichvonmolder9310
18 күн бұрын
Criminals, then what? What are you going to do about it. Nothing. Look what the Supreme Court just did to the so-called co-equal branches of the US Govt, which transcends whether you are a Trump or Biden fan.
@drscopeify
18 күн бұрын
Since when is someone doing their job called a criminal? Do you call your local grocery store workers criminals too?
@reychatillon7431
18 күн бұрын
@@drscopeifythat comment went over your head
The s and p 500 is incredibly overvalued right now, all due to AI and not the actual market. The fed should keep rates where they are for the remainder of the year with how high stocks are to help give a correction that is now due.
2:36 September it is
Since you disabled comments on that joe biden video ill leave one here. F.J.B. that is all
@prettypenny2353
18 күн бұрын
Good job 😂
@IsraelZavala
18 күн бұрын
Do you charge JB rent or does he live rent free in your head?
@rcjabroniyup4959
18 күн бұрын
@@IsraelZavala Haha nice one 👍
Right.. and I am Warren Buffet
Why not retire are you corrupt watching the money ovious
Powell: We just have not loss enough jobs yet 😮
Undermine the recession?
J. Powell saves the day🦸
Her wants to be confident that more and more people are forced to take on more and more poorly paid jobs to get by. This will keep the labour market strong.
Welcome to Bidenflation
Little honest slip there about recession
Are we buying GBPUSD
Good morning 🚀
patch on his face looks beautiful
Lowering interest rate make a Happy Country. TRUMP understands and will lower the RATES.
not sure which dimension of the US does he live in....
@shines22
15 күн бұрын
1%
$265,000 per taxpayer. You owe that. So much for Dave Ramsey’s “debt free”.
Yes, Inflation is now exactly at 2.64872% I did the math and the math is mathing...
@danielkame8455
18 күн бұрын
2.6% on top of the 40% to 60% on top of what we are already paying over the last few years. Prices didn't come down a bit. They are just not going up as fast
@erichvonmolder9310
18 күн бұрын
not 2.74593?
GME
@michelep9477
18 күн бұрын
nah
He's stuttering when he talking about inflation being low. He's lying. This economy is horrible.
because you cant sell US bonds and want to remain Dollar stay high
This message is to jerome powell.. I'm sorry, but you are completely wrong about the american people and how people are doing and the working class.. Wall Street is a whole nother Country Club. Then of course, they love the see.. The layoffs, because the stocks will pay better because there's no workers to pay.. If I was in the office to help the people as the president, I would freeze prices and also forgive everyone's debt in america.. And let's do . a do over. And give everyone a chance to have.. The american dream... A job.. A home .. A family.. Normal stuff.. My name is sam harkinson and I wrote this message for the american people..
Bitcoin to 🚀
Go broke why he babbles
Mr. Powell and his fellow voting members have been doing a great job.
did jp have a skin biopsy on his nose?...basal cell?...i want to know
@egeb
16 күн бұрын
He cut his nose instead of rates.