But he stopped short of signaling the start of a more aggressive easing campaign. Instead, the Fed chairman used a widely anticipated speech Friday to warn about the limits that monetary stimulus faced in comprehensively addressing business-confidence woes and market turbulence.
He just means that his boss is CCP's general secretary 🐻!
stimulus? more inflation?
STIMULUSMEANSRECESSION
no kidding dick tracy!!! wow what a news flash
ChosenOne MAGA ConJob
Yes, let’s provide more stimulus packages to the banks and auto industries, that worked out well. If you really want a stimulus package, reduce some student loans so people in their 20’s and 30’s don’t have to live paycheck to paycheck and can actually participate in the economy.
TRUMP, The Con-Artist & Bankruptcy King's Games are Ruining US!
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Asia set to open near flat ahead of major speech from Fed Chair PowellFed Chair Jerome Powell is set to deliver a speech at a yearly central banking symposium in Jackson Hole, Wyoming.
Source: CNBC - 🏆 12. / 72 Read more »
Powell: No 'rulebook' on trade, pledges the Fed will 'act as appropriate' to sustain the economyPowell repeated his pledge Friday to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow. “The global growth outlook has been deteriorating since the middle of last year. Trade policy uncertainty seems to be playing a role in the global slowdown and in weak manufacturing and capital spending in the United States,” Fed Chair Powell said. CNBC : Jim Stewart “the day Navarro leaves will be a big rally” , understatement of the year!
Source: CNBC - 🏆 12. / 72 Read more »
There is enough economic data for the Fed to warrant a rate cut, Jim Cramer says'The economy may be in good shape now, but if we keep getting more and more tariffs it could deteriorate,' Jim Cramer says. He is scared his portfolio will sink otherwise. These crooks care less for anything else. When the FED cuts to 2 they will signal leaning to patience and the market will drop. Powell will be satisfied. Cue the flashbacks to 2008-2010 when Cramer was warning of hyperinflation. 🤡
Source: CNBC - 🏆 12. / 72 Read more »
Loretta Mester says if economy stays like this, Fed should keep rates 'where they are'U.S. stock index futures pointed to a lower open on Friday after a report said China will slap new tariffs on U.S. goods. 'Dual mandate of keeping all asset valuations at all-time highs no matter what and getting realDonaldTrump re-elected'? Brain dead Listening to Mester is no diff than any chair. Talk BS and making it sound important. 99% are losing each day, day after day for 35 years and Meter is an Opra buff with hubby George ! No worries ! Completely ignorant to reality because they reinforce.. each other so trash
Source: CNBC - 🏆 12. / 72 Read more »
It wouldn't be surprising if the Fed cuts rates, policy expert saysPresident Trump continues to blast the Fed and Chairman Powell for not moving fast enough to lower interest rates. This comes as Fed officials get ready to gather at the annual Jackson Hole Economic Policy Symposium. Nellie Liang, senior fellow at the Brookings Institution, and Vincent Reinhart, chief economist at BNY Mellon, join 'Squawk Box' to discuss. This is mostly right but I think it still overstates the potential benefit of a rate cut. Rates are not high enough to be slowing the economy and we already proved that ZIRP and QE don't matter. And Japan and Europe prove it every day. If the economy is strong, why does it need support? Blah blah many people are saying babble babble biggest crowd ever blather blather jews love me blah blah
Source: CNBC - 🏆 12. / 72 Read more »
European stocks rise ahead of Powell speech on interest ratesGood morning. * Financial markets are waiting for Jerome Powell's speech, and stock futures are higher. * That's pretty much it. The market has no fundamentals. It's based solely on central bank policy. There is no such thing as free market capitalism. And people wonder why, in 2019, socialism is still embraced.
Source: MarketWatch - 🏆 3. / 97 Read more »