Fed Chair Jerome Powell: The 2024 60 Minutes Interview

High prices are here to stay.

Marantz Rantz exposed him DD is done

The vast majority of jobs being created are low-paying and temporary, and this includes new hires. High-paying jobs requiring specific skills are dropping off the radar.

Nice job trying to mention jobs and labor but don't think so.

The federal reserve is waiting for things to get REALLY bad before bailing out the economy by cutting rates. They're not going to do it this soon or we will just return to high inflation.

It makes me feel all warm inside to know the motives of those who move the markets by reading behind the script of this "interview".

Also what I feel was missing from this video that had a very large effect on the PERCEPTION of inflation is the fact since since 2003, US inflation has been historically low, to the point that just 6 years ago at the end of the Obama administration they were worried about DEFLATION.

This guy is america s vempire vote biden out

The economy is dangerously weak. Prices will never drop. Employment numbers are a lie. Yield curve inverted. Fed was late raising fed funds rate and now has overshot. Powell is a total liar and incompetent to boot. He has to go along with his worthless cohort Yellen.

The growth rate of inflation may be slowing but those inflated prices aren’t going down anytime soon.

Inflation is tumbling 😂😂

People are live beyond their memes the bubbles going to busT

BS!!! Everything cost 3 times as much from 2 years ago!! putting us to sleep with nice words!!

I’d rather spend millions of credit card debt considering the world is gonna collapse soon.

😂😂😂😂😂😂😂😊

Cause they don’t wanna pay high interest rates on their money that they owe too so they’re gonna cut interest rates

Lets not celebrate just yet

They only care about the figures its implication to their jobs, never care about tens of millions of middle class who bear the heavy burden of mortgage payment.

Inflation may be "tumbling" but what they fail to communicate is that its the RATE that is falling, i.e. things are so much more expensive now than they were 2-3 years ago and they will NEVER go back to where they were. Prices are just growing slightly slower now 🙃 And wages have not gone up to equalize to the damage done, so we are still suffering from insane inflation despite it being "dead"

If there is one thing I learned by going through inflationary periods outside the US is that Government Officials fudge numbers.

Real inflation at the check counter and what is published , one does not corolate with the other.

Here are Americans accusing Chinese Officials to manufacture their economic stats , and yet they do the same at home.

VOX Populi, VOX Dei. Meaning the people’s voice are God’s voice.

Ease inflation by bankrupting the middle and working class. Makes perfect sense.

Good Work

biggest lie is FED care about poor people

Will the federal reserve penalize Wells Fargo for illegally opening accounts of clients, where the client didn't even know that their personal identifiable information was being used? Seems that some crimes are ok with the federal reserve.

There was a lot of "look the other way" on this interview. It's the only way Biden's massive debt causing spending spree is by the crats standards,.... excused.

Market drop because of this? Way over reaction did it not forget what he said at the last rate meeting? Nothing has changed

Why were the banks allowed to sit in public property to collude and manipulate the banking sector with forced mergers, consolidation of powers and when will we hear the true story of Silicon Valley Bank?

Trickle down economics is obsolete. Tax the wealthy. Cut spending. Stop never ending wars.

I can't stand the amount of manipulation and intervention that gives the corporation of the federal reserve undeserved powers to destroy economies, manipulate currencies and markets, and monopolize the economies of the world - they have way too much power and influence ad they have allowed big banks to defraud investors and clients while penalizing citizens. He never rescued anything - now CBS 60 minutes is doing the propaganda portion to sell the bs

Won't cut interest rates because they need to keep the value of the dollar and the need for banks to make profits. Media started telling people about inflation before inflation actually happened. To me, it was artificial. Unemployment is not the only gauge. Many have more than 1 job.

Play back the part where he said the u is on an unsustainable fiscal path. Yeah, because Biden keeps giving trillions to countries that cant pay it back.
We are not the worlds piggybank.
We need Trump back to end this idiotic stuff. The world is trying to bankrupt the citizens of the usa.
People are growing tired of knowing the hard work we do is going to the pockets if foreign countries

Blackrock, WEF and contractors run the Gov.

"...our 2% target..." - who decided that 2% inflation is a "good thing? Why not 0%? seriously. We have lost 98% of the purchasing power of the US dollar since the fed was installed (Read "the creature from Jekyll Island") in 1913. That's just wrong. In fact, given the increases in productivity brought about by technological innovations, we should have seen an increase in purchasing power. Sorry - but we've been seriously gaslighted by the government and the bankers. It's time to fix this - Bitcoin FTW.

How come No financial hosts ever talk about how badly ALL of the govt accounting books are so cooked???

It's way to late to call this coward a savior

can we get the rest of the 60?

That's BS inflation is not tumbling lol go to the grocery store and see 😉

I love him ❤ I hope he keeps his word and brings back integrity to the system.
Printing money is like stealing from people! ❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤

These boomers are useless, we need someone to help the people

The Federal Reserve has no business being in American dollars there are conglomerate Corporation of banks Kennedy was disconnecting us from the Federal Reserve so we can be in control of our own money and stimulate our own economy rather than that of stimulating their pockets overseas and 60 Minutes perfectly knows this but 60 minutes are in the pocket of the oligarchs

They have to cut. I love the guy from Chase Bank who said: Banks don't work well with 4 percent interest rates. Rates have to go low and stay low otherwise our house of cards falls apart.

Ladies and gents All is good
No crash no recession lowest unemployment in decades
Inflation down to 3% everything is great !! Keep it up feds … the problem is every single person you talk too will tel you the opposite from poor to wealthy that something stinks .. most people need two jobs to be able to pay for regular necessities cost of living went up 20-30% . Banks have trillions in loans in real estate at near zero rate now need to renew at 5.5+% one big monopoly .. they are printing money behind our backs for political reasons and then will come crashing down but for now it’s amazing …
Don’t be fooled

Our masters in Washington keep giving hundreds of billions of dollars to foreign countries for war--we will get to the $144 Trillion national debt mark referenced in this video well before 30 years from now!

Inflation still here, go to the supermarket inflation will welcome you

Anyone else see in their report that they crossed out the statement “the banking system is sound”? We are in serious trouble and it’s because our government and financial system is severely over leveraged.

He's doing the best job he can, given the circumstances.

Thank you, mr Powell

Good interviewer and nothing like hearing it from the horses mouth!

$1T more in debt in the past 11 weeks. Fiat is going to 0. That’s why stock market is up, it’s just tracking increase in money supply. Buy assets.

My grandfather in the 70's made $4.50 per hour. Had a 4 bedroom house, two nice cars, good food on the table, grandmother did not work, and we went to the movies every weekend. WTH is happening today?

If you believe that the prices only went to 9% and now are at 3% inflation, I have amazing land buy opportunities in the desert for you.

I want a job where I get to start fires then get credit for putting them out 🔥 what a scam the financial markets are.

Jerome Powell and Fed deserves the highest national honor for keeping US economy growing despite Covid and political pressure.