Fed Chair Jerome Powell makes remarks on the Fed’s recent decision to raise interest rates on February 1, 2023. #yahoofinance #shorts #fed #federalreserve #jeromepowell #inflation #economy #news
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In the wake of the pandemic, Fed Chair Jerome Powell has been taking steps to reduce inflation and restore price stability. Powell has been focused on keeping inflation in check and preventing it from getting out of hand, which could lead to a recession.
Powell has been using a variety of tools to reduce inflation and restore price stability. He has been keeping interest rates low to encourage borrowing and spending, which should help to increase economic activity. He has also been using quantitative easing, which involves the purchase of government bonds and other assets, to inject money into the economy and stimulate growth.
Powell has also been advocating for fiscal stimulus, such as increased spending on infrastructure and other projects, to help create jobs and boost economic activity. He has also been pushing for more targeted relief programs to help those who have been hardest hit by the pandemic.
In addition, Powell has been calling for more transparency in the financial markets, which should help reduce volatility and increase stability. He has also been pushing for better regulation of the financial sector, which should help to prevent future crises.
Overall, Powell’s efforts have been successful in reducing inflation and restoring price stability. While it remains to be seen how long these measures will last, it is clear that Powell is taking the right steps to ensure that the economy remains stable and prosperous.
This is a calculated effort to harm workers to avoid addressing corporate greed, taxing the rich and fixing supply side problems. Stable prices means lowering the cost of labor. Corporations own your politicians.
The entire purpose behind the establishment of the Federal Reserve Bank was to prevent inflation.
Every time this country experiences inflation on any level, that is an example of the Fed failing to do the exact ONE THING it was EVER expected to do.
You had One Job, sir. Just One Job.
Why would we give any semblance of credibility to what you’re saying?
So is it OK now to admit we're in a recession or not yet?
Just more reason to burn this country to the ground. Fed doesn't want to do anything and we're left to struggle.
"These people are stupid." Trump