, down from the 14.7% peak in April but well above the 3.5% pre-pandemic level in February.
To fulfill both pledges, the Fed will need to commit to keeping rates anchored near zero until the goals are met. Where the move to what it calls the "zero lower bound" had been previously considered unusual, it now will become standard practice at least until the Fed meets its mandate. "Considering what the market's doing, and as each day goes by that we are getting closer to an effective vaccine and effective therapeutic, the Fed should be focusing more on taking steps back from what they've done rather than continuing with the pedal to the metal," said Peter Boockvar, chief investment officer at Bleakley Advisory Group.
Why Jackson Hole?
Put powell in jail for all debt created for 5 next génération just to create record high in wallstreet
🎵 I need a hero 🎵
harshmadhusudan Healthy level 🤣🤣🤣
Hopefully he encourages market uptrend to continue and not try to derail realDonaldTrump work in providing liquidity and relief to the economy. This has helped everyone’s 401k. Provides $ to American’s to spend and confidence.
BurggrabenH 😂😂😂 As if the Fed can do anything about inflation
Why do we need inflation?
CNBC Finally have the money to buy a home saved up, was waiting in anticipation of vacancies brought by defaults, but nope, they're going to crank up interest rates again! We are so screwed.
CNBC So everything is gonna get more expensive while ppl have less and less money. From now on, I'm just gonna assume that everything is going to be the opposite of helpful.
CNBC Financial repression. The only way to pay down our nations Debt.
CNBC Gold standard baby
Like this?🤔
CNBC He better have 4 because the RNC2020 killed it.
CNBC Problem is Fed policy at this point fucks everything
AndrewYang warned us that GDP would take us off a cliff and that inflation needed to be attached to wages and not the other way around . JoeBiden needs to put laws in place preventing out of control inflation and tie it to wage growth. YangIsTheFuture YangGang
The fed should be doing so much more. Prop it up. Let’s do it
Trust math, not people. bitcoin
Gold this week..
ogkrb Can't have inflation during a recession, Comrade...
bitcoin doesn’t give speeches. It never has to.
He’s going to say he was kidding before - he really is a fan of negative rates
SwanBitcoin
Bitcoin 👀
SwanBitcoin High inflation and negative interest rates here we come! Dump your dollars for Bitcoin ASAP or you’ll be sorry. I don’t want to have to say I told you so a year from now when it takes a wheelbarrow full of fiat dollars to buy a loaf of bread!
👀Buy Bitcoin. 💸
If you’re reading this tweet... you don’t own enough bitcoin..
If you don’t get your bitcoins now you’re gonna have a bad time
Lol. “How the Fed views inflation” is ultimately irrelevant. Like their opinion matters. Inflation of the USD will cause a rush to bitcoin. Bring it.
I dont like a ze word profound in my Financials. If dont mind fucking off.
Can’t wait!
'profoundly consequential' in the direction of more ... Buy bitcoin which can't be printed by these chump.
Lol just like the repo market wasn’t. Trouble in the market smh..
Who already bought gold ?
At this point it's irresponsible to not have a small percentage of your assets in bitcoin
Ummm we added 30% new money into the market and we are going to act like the incoming inflation is planned... Bitcoin will save you.
What you think? stoolpresidente
Profoundly consequential would be his resignation! Especially if the others joined him; in addition to the repeal of the Federal Reserve Act... now that would be profound & consequential to our financial well being. I'm from the Fed & here to help; just say no-thanks 🙄
FUFED
Bitcoin fixes this
DOW 25,000
When society breaks down because the middle class is destroyed through the Fed’s inflation pumping, I hope you take solace in the fact that you were their greatest accomplice. Shameful. 🤦🏼♂️
Trump cuts taxes, Powell raises them. Left arm holding the Right. At least we got a full year of benefits from the initial Tax cuts. (Only to get destroyed when the economy shut down and inflation sky rocketed). Powell handing out pay reductions for all!
I guess these guys know nothing about food prices and everything else going up in price...
Profoundly consequential for and from a lawyer
This speech will be a game changer for Bitcoin novogratz
Can all you really smart people boil this down for a stupid person by answering a simple Q? Does this mean the market will go up or down after this “profoundly, consequential speech”?
GSX the Biggest Chinese fraud ever !!! a fraudulent online education company worth 25 Billion dollars with no students and false financials.. to be delisted soon and going to $0
Working class folks $spy GOPConvention DNC2020
Ask him if buying aapl bonds changed his view of inflation
Sounds like we’re about to go to negative rates territory based off the article
Good luck with it. BOJ has been looking to reflate Japan's economy for the past 20 years.
What does that mean? He's giving Wall Street more trillions of dollars while screwing Main Street?
“He is expected to outline what could be the central bank’s most active efforts ever to spur inflation back to a healthy level.” A healthy level is zero.
I wonder what happen to bond if he really gonna announce inflation index targeting🤔
Correction: «Powell set to deliver 'profoundly consequential' speech, changing how the Fed views Money printing
has reported on this extensively for more than two months. The only subscription I have, fifty cents per day, and worth it. No Netflix, no cable, no TV, AC on “Bake Me” and I buy Craig Hemke’s service. Why? Profound for PM's. IT PAYS.
'Haha money printer go brrrrrrrrrrr'
Overshoot.
Wow...Buy JNUG!!!!
A thrilling time to have precious metals in my holdings
Our system predicated on exponential growth is driving all of us towards a precipice. A economy based on $ created from debt compels society into a “grow or die” situation. We encourage people to consume for the health of “the economy” This is absurd & I think most people know it
Inflation can be spurred along with higher wages, but Powell and the hedge fund crowd wants the middle class to bid up prices with borrowed money, not higher wages.
this just in: put options canceled indefinitely.
EddyElfenbein This is a big deal. And inflation is set to pick up with covid stimulus.
bitcoin
“Yes, we are broke but luckily we can print our own money, unlike say, Argentina.”
CEOTechnician All the giddy goldbugs and bitcoiners will be hella annoyed at 10,000 dollar utility bills and 175.00 Whoppers
Let me guess, Powell won't stop current course until the 1% own EVERYTHING
Sounds like gold
Good for another 50 SPX handles. And its no change. Feds luv inflation.
Inflation is ok as long as it’s stocks that keep going up. That is the policy.
STOCKS HAVE NOT RECOVERD THE PRE PANDEMIC LEVELS. FAR FROM IT. 7 STOCKS HAVE AND GOME WAY BEYOND! THE MAJORITY OF STOCKS IS STILL IN THE GUTTER!
Howelse do you all expect all these debts to be paid off?! Inflating-away has always been the plan, the only plan.
Jerome, how you gonna get inflation with 10% unemployment and likely millions more on the way as more and more businesses shut down?
Want to know how many shares of Apple, Tesla that the FED bought....haha! Keep buying and send the markets to the moon or infinity and beyond!
In simple terms, buy Gold and Silver.
Aka - buy gold and bitcoin as we proactively and purposely make the US dollar worthless.
Like learning how to calculate it in the first place before they turn us into the Weimar Republic?
brett_colbert Suddenly inflation=bad? Time for bitcoin and PlanB. Deflation=good.
Got precious metals?!
How is this consequential if they can't create inflation?
EddyElfenbein The government should send money to the common person again then. That did way more to spur the economy this summer than anything they've done the last 10 years.
Ah, we don't like these rules so we're gonna change them. Imagine a market without the bullshit FED manipulation. And of course the market reaction will be positive. DOW 29,000 right around the corner. 😉😉
Once inflation kicks in they have no way to stop it!!🤦
EddyElfenbein Is it still the speed of money + money supply chasing goods?
The end is near
🤡🤡🤡
Perhaps he realized that over a decade of making capital cheaper than labor is the reason they never hit their “inflation target”
Let’s do the same thing over and over and expect a different result! Sound good ya’all?
He just wants to gtfo and liquidate his massive long position. Been propping his own holdings all along
Wants to push S&P to 4000
“we are going to help you-the average american-by raising your cost of living while boosting the prices of assets you do not own. on top of that, we’re going to ensure that saving money is not possible by keeping interest rates lower than mandated inflation”
Biohazard3737 Can’t wait to hear the latest crackpot theory.
Does Powell fell shame about himself just for a second?
Fantastic. My gold positions will go higher much sooner than I thought.
Inflation has always been much higher than meassured by Fed's CPI. Imagine the destruction of consumers buying power with Fed spurring inflation to 'healthy' levels. It's additional, hidden tax, but do the tax payers know that?
CPI is not inflation when you’re the global reserve currency
I love it. If you're gonna destroy free markets may as well move the goalposts for inflation. Look at the inflation in the markets already. Insanity.
Biohazard3737 Inflation is good. The more the better.
Biohazard3737 KKublai5 looks like the word inflation is going to be cancelled. PeterSchiff
Why is this page so biased. By saying “profoundly consequential” you are already creating a narrative
Biohazard3737 Let's make the poors suffer more!
The current low output and low ( albeit rising) inflation is not the result of the lack of demand. Supply and consumption is constrained by non economic factors. People would happily spend the extra $1500 billion on their accounts if they are allowed to do so.
With wages still stagnant they honestly think the economy can survive runaway inflation? Jerome is done here man that’s absolutely ridiculous if he doesn’t pull he market back he’s going to be the next Andrew melon
When you read this garbage, you kind of understand why the poor are burning the cities.... you bunch of F$%&S
Interpretation: WE'RE going to f%$ the little guy to pay back everything they've stole since the 80s...
Who cares? He will be the last Chairman of FED as he bankrupted FED and US financial system.
interpretation: FED doesn't care about inflation anymore.
Powell is going to spout untruths that are just the opposite of reality.
Translation: “we plan on propping the markets up until after the election”
'Average inflation” targeting means the Fed will allow inflation to run higher than normal for a period of time.
Let me guess - they’re going to tell us inflation isn’t a bad thing as they continue printing money and pointing the middle finger at the American people. Inflation is a tax on those who save (I.e. the poor and middle class). EndTheFed
So we are going up 10% by Friday...
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »
Source: Reuters - 🏆 2. / 97 Read more »
Source: NBCNews - 🏆 10. / 86 Read more »
Source: USATODAY - 🏆 100. / 63 Read more »
Source: ABC - 🏆 471. / 51 Read more »