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WATCH LIVE: Fed Chair Jerome Powell Holds Press Conference

Published 12/15/2021, 01:52 PM
Updated 12/15/2021, 01:54 PM
© Reuters.

Investing.com -- Federal Reserve Chairman Jerome Powell answers reporters' questions following the FOMC's decision on interest rates.-- Dec. 15, 2021

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The only entity that benefits from high inflation is the federal government. Its a tax on the poor and middle class.
The problem of inflation comes from the following  factors, 1) The supply chain is broken due to the fact the product from overseas can not be shipped to the market from the port , which is the supply side problem in US 2) The import tax 25% was all paid by the US consumers 3) Money printing .  1)  are the policy mistake and should be fixed easily 2) Due to mismanagement 3) does not necessary cause inflation, just look dollar index and the gold price       What will happen if FED raise rate ? 1) Raising rate will not fix problem 1) and 2) but will kill the economy , which US will have an economy which is shrinking and high inflation and very high unemployment
  So , the recent inflation is a fake just look at the dollar index and the gold price, why we print so much money which will not necessary cause inflation ? The inflation is a result of total money in the market to chase product and the supply of goods . Money printed in the saving account of rich people will not cause inflation and only the money flow in the market chasing goods and service will induce inflation , fortunately over 5 T printed, most of them will stay in the saving account of the rich will never flow in the market chasing goods and service and that is why the dollar even goes up while the value of gold did not go up  .  What the FED should do is keep the rate low and give the economy sometime to heal by itself slowly , and in the mean time slow down the printing process to slow down the growth of debt and and reduce the future burden of interest to sustain the debt , as the economy slowly grows , the real debt burden will eventually be reduced as the total size grow
 Raising rate actually is a process of transfering money from the treasury to the rich who hold the printed money in the form of notes , and regular pay for it in the form of raisinng tax rate
Maximum emeployment..?? There is work out nobody want to come back to work coz of free money inbalncing supply ans demand..
Can't see the fed because of youtube
Funny how YouTube is not working
I didn't hear him apologize to the poor and low income for the massive inflation and exploding wealth gap.  A lot of kids won't have as good a Christmas thanks to him and Biden.
what maximum employment you talk about? the demand is huge while people don't want to come back to work
Barnes Powell knows that about Biden .. wait until Trump gets into office... 🐂 and 🐻 will wrestle..🇺🇲🇺🇲🇺🇲💯
Trump is nothing more than a marketer promoting his brand. Der. Wake up.
That could be true!
Powell is directly responsible for market instability. Biden should muzzle him.
waiting
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