The Fed hasn't done enough to 'kill' the consumer in inflation fight, says Stifel's Lindsey Piegza

Lindsey Piegza, Stifel chief economist, joins 'Squawk Box' to discuss the Fed's decision to hold rates steady, Fed Chair Powell's comments on the lack of progress on fighting inflation, whether a rate hike will be needed at some point this year, and more.

Пікірлер: 46

  • @chimpspecialist
    @chimpspecialistАй бұрын

    No pain, no gain. Powell has to man up and raise rates.

  • @Fear.of.the.Dark.

    @Fear.of.the.Dark.

    Ай бұрын

    lol he doesn’t want to raise rates. You guys still don’t get it don’t you?

  • @wadej769

    @wadej769

    Ай бұрын

    Raise rates for what? The only remaining inflation is based on GOVT SPENDING. Most companies besides maybe AI / Tech are in full blown declines. Raising rates will only hurt low to middle incomes where as the wealthy are spending even more making 5% + off of savings that use to earn zero. Fed can't do anything at this point but hope Biden gets kicked out and stay where they are. Folks are clueless how the economy really works....

  • @marcuscook5145

    @marcuscook5145

    Ай бұрын

    ​@@Fear.of.the.Dark. He definitely doesn't want to, but the only way to fix this will be to pop the debt bubble. The fact that inflation ticked up while GDP growth slowed to 1.6% should be sending alarm bells through the economy. Unfortunately, they have every incentive to try to print away the debt and send us into an inflationary spiral.

  • @Fear.of.the.Dark.

    @Fear.of.the.Dark.

    Ай бұрын

    @@marcuscook5145 again he doesn't want to fix inflation. They clearly don't care for it. It is all hogwash. They are reducing QT from June onwards now with all the recent inflation prints. Why? Because they are dovish at heart and yes they will rather devalue dollar and debase the US federal debt. That is all part of their plan and they are exactly executing their plan openly.

  • @ryann8348

    @ryann8348

    Ай бұрын

    @@marcuscook5145 The 1.6% GDP is inflation-adjusted, btw, so nominal GDP would be (inflation * 101.6%)

  • @babakd9892
    @babakd9892Ай бұрын

    Now everyone is betting inflation will be sticky it’ll probably plummet 😂

  • @jhull5870
    @jhull5870Ай бұрын

    Lindsey is right on. If the FED really wanted to bring down inflation to their target they should have increased rates months ago. Powell and the rest are hoping and betting that inflation will go down further. If their track record is any indication, they will or already have screw things up. The markets are leading the FED. Period.

  • @sanchitsingh9699

    @sanchitsingh9699

    Ай бұрын

    how will raising rates reduce housing inflation? when most people have mortgage around 3%

  • @wa210

    @wa210

    Ай бұрын

    🎯🎯🎯 the FED is ruled by Wall Street. Got to keep the charade that stocks are going to the moon forever.

  • @ExcitedIsoscelesTriangle-ot4rk

    @ExcitedIsoscelesTriangle-ot4rk

    27 күн бұрын

    @@sanchitsingh9699 artificially low rates caused the problem

  • @surgicalcapscom
    @surgicalcapscomАй бұрын

    remember transitory ?

  • @paulmiller9547
    @paulmiller9547Ай бұрын

    She doesn't mention cutting federal spending as a factor to reduce inflation.

  • @LumenMichaelOne

    @LumenMichaelOne

    Ай бұрын

    Sure didn't.

  • @illegalsmirf

    @illegalsmirf

    Ай бұрын

    Are you aware that tax cut giveaways to the rich (Bush, Trump) and ruinous foreign wars (Iraq, Afghanistan, Ukraine) have the same effect as increasing federal spending on social programs?

  • @jeremyh2728

    @jeremyh2728

    Ай бұрын

    @@illegalsmirf Yes but those are things the Masters want, so its all good!

  • @MarekKolenda-cr8vr

    @MarekKolenda-cr8vr

    Ай бұрын

    Powell and Fed pumps 1/2 trillion $ into banking system before collapse

  • @davidgrisco1939

    @davidgrisco1939

    Ай бұрын

    That horse already left the barn long ago...

  • @illegalsmirf
    @illegalsmirfАй бұрын

    Sell in May and go away.

  • @dougmanzo9648
    @dougmanzo9648Ай бұрын

    There’s unspent stimulus and the infrastructure spending hasn’t even started. Of course inflation is not going to go down

  • @billmoyer3254
    @billmoyer3254Ай бұрын

    so the folks that destroyed the value of our money now must take us to the mat. more please!

  • @Walkingloser
    @WalkingloserАй бұрын

    Becky smartest in the room. Rate hike would be smart. And why worry, if it works problem solved if it breaks you switch course right now were barely stagnant possibly still inflationary

  • @1962underdog
    @1962underdog26 күн бұрын

    Than you Sir, may I have another.

  • @michaeladdison4461
    @michaeladdison446129 күн бұрын

    Don't forget it not inflation it price gauging. Look at the avg fast food franchise. Making a profit of 5 million a yr in profit and still raising price while cutting workers pay.

  • @harrychu650
    @harrychu650Ай бұрын

    The FOMC has succeed in reducing consumer spending on the working and middle classes. Good luck reducing spending on the top 20%. Overall, it is unlikely to happen.

  • @rickhayes-oh2zm
    @rickhayes-oh2zmАй бұрын

    it is transitory like powell said we don't have stagflation

  • @ExcitedIsoscelesTriangle-ot4rk
    @ExcitedIsoscelesTriangle-ot4rk27 күн бұрын

    rates should be over 10 percent ... but since they keep monetizing debt it still will continue to get worse

  • @teebone2157
    @teebone2157Ай бұрын

    The consumer is certainly slowed. problem is you put the rich people spending in with the rest of the country which skews numbers

  • @Alpharizzchad

    @Alpharizzchad

    Ай бұрын

    What you didn't make a business today. Your u tube deal fell through. 😅

  • @ScottFranklin-of3nz
    @ScottFranklin-of3nz27 күн бұрын

    Not considering the rights these companies do not have their legal representations may be difficult get what do they have to prove as an example leaving it up to the distributors makes law more incontempt its not all established in growing technology

  • @engineered-mind
    @engineered-mind28 күн бұрын

    If they continue this your going to see a lot more homeless people even from white collar America

  • @ScottFranklin-of3nz
    @ScottFranklin-of3nz27 күн бұрын

    I mean it's bad for the technology to create a false alias name with little establishment of policy and law

  • @markwilliams7091
    @markwilliams7091Ай бұрын

    Inflation is always and everywhere a monetary phenomenon.

  • @ScottFranklin-of3nz
    @ScottFranklin-of3nz27 күн бұрын

    Other routine patterns of analytics through technology and positions proposed to government officials that don't govern of ideas but the routines and how to successfully in a jurisdiction these bar graphs are embarrassing and do not entertain me but useful for examples the terminology are all of significant to software developers these shows on public broadcasting like cspan and waiting cspan for admitting these circumstances publications and discriminated processes

  • @sbar39
    @sbar39Ай бұрын

    I'm waiting for the Biden speech that says people we have a problem😅

  • @teckmenglee8060

    @teckmenglee8060

    Ай бұрын

    That will not happen, until after the US election

  • @YesCivic-R
    @YesCivic-RАй бұрын

    Inflation casues by insurance premium, borrowing costs, house living costs are doing the job for the fed, cutting disposal income by 30%, and worrying the supply of commodity which further doing the job for the fed to curtial spending.

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