Markets are anticipating a Fed that would adopt an even more accommodative approach than it did during the Great Recession.
Indeed, Powell said the policy statement will be "really codifying the way we're already acting with our policies. To a large extent, we're already doing the things that are in there." Powell and his colleagues came under fire in 2018 when they enacted a series of rate increases that eventually had to be rolled back. The Fed's benchmark overnight lending rateThe Fed and other global central banks have been trying to gin up inflation for years under the reasoning that a low level of price appreciation is healthy for a growing economy.
In recent days, Fed regional presidents Robert Kaplan of Dallas and Charles Evans of Chicago have expressed varying levels of support for enhanced guidance. Evans in particular said he would like to keep rates where they are until inflation gets up around 2.5%, which it has not been for most of the past decade.
Money makes the world go round. And round and round, etc. It won't make the pandemic go away, however. And the closures.
Since he called his 3 trillion dollar qe “disinflationary”, I’ll be interested to see what’s inflationary.
Sounds like a bunch of jawboning to keep yields from going negative.
That’s a great help for people living on $600 a week
obviously a lot of readers don't understand what's going on. it's called deflation. something that attacked Japan in the early 90s and has been with it since. No growth at all. flat GDP for years.
Ramping up the cost of living. Yeah.
Brrrrrr
Live Free Or Die
MsResJudicata Stop calling it inflation. The wajts to make everything you buy cost more. They want to steal your purchasing power and harm you economical, all so they can try amd devaul the 26T in debt the government made. This is how they steal from your future.
CNBC is pushing this story 10 times a day...plz buy stonks
'commitment to ramping up inflation'? They've run out of jargon also. He means this! 🤣🤣🤣🤣🤣🤣
Pssh
Buy XRP is what you do
$Nano fixes this - instantly
marcfriedrich7
inflation for me, stagnant wages for thee
commit to these balls pressed low against your chins.
We did the math and ran the numbers. Printer goes Brrrrrrrrrr
Fed Chair Powell Has Upwards of $11.6 Million Invested with BlackRock, the Firm that Will Manage a $750 Billion Corporate Bond Bailout Program for the Fed. LOL. What are we doing here, really.
I love inflation! I can’t wait for my 1.2% raise!!!
Why in the HELL would inflation ever be seen as a good thing? Shit is already overpriced ffs.
This is a long-winded way to say megative savings rates are coming because the dollar devaluation isn’t working
LPDonovan more jawboning
I thought they already did! All the trillions they've spent on shit stocks and shit bonds and shit banks!
RIP USD
This is to save the rich
Buy Bitcoin!!!!! $btc
bitcoin BTC
They’re straight up telling you your cost of living is going to go up. Do not hold the majority of your wealth in cash. Own assets like stocks, gold, bitcoin, real estate, art to compensate for the devaluation of the dollar that is coming.
Fuk inflation
So much printing...........
Can't believe my eyes.
Thanks for keep giving us more and more reasons Bitcoin
jimcramer how does them doing this help regular people jim?
Send it
They have inflated the money supply more than 15% this year. Don’t worry Mr. Chairman. 2% won’t be tough to reach..... unless someone is manipulating the way mainstream economists measure inflation 🤔.... no that would be unethical.... never happen.
The Fed is expected to make a major commitment to ramping up cost of living soon
I hope advace realease
Ramp up inflation? Hah, That's a good one 😂
Buy bitcoin.
They can go to hell
We had inflation in the 70’s and we had jobs. We can’t pay the debt. Inflation will allow the underemployment to decrease.
amadeobrands
What? This is a headline?
Brrrrrrrrrrrrrrr motherfuckers!!
Central banks should be dismantled and their governors put in jail for crimes against humanity, and I'm being very mild here
The first $3 trillion they printed wasn't enough of a commitment to spawning inflation?
That sounds healthy and normal. END THE FED. BUY GOLD
This explains the move in Gold.
So basically he wants poor people to not to be able to afford anything. What an idea. What a joke our monetary policy is.
This is a crime. This is systematic theft. Who will stand up to the banksters !!!!
Ramping up the COST OF LIVING, you mean.
Resolve issue of Unemployment first and then talk of ramp up inflation ... Hey guys I thought we are in a recession right now?
Lol. You got it backwards. Brrrr = inflation. Buy bitcoin
Protect your wealth from these clowns. Buy Bitcoin
We don't need the central bank deliberately inflating the dollar while millions are out of work and dependent on fixed income. Reopen the economy and watch incomes rise. Weakening the dollar doesn't help. ReopentheEconomyStupid.
Buy Bitcoin
Brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr......
Why the need to make any extra efforts? Just do what the Fed is doing right now with the massive stimulus plan will just do the job of creating huge inflation and USD devaluation.
Evil so much evil
We haven't see anything yet from the Fed. The real Fed fireworks come in 2021.
And for everything else there is bitcoin
buy gold
The poor will never be able to afford to buy any asset. Thanks federalreserve
No surprises here. They printed trillions of dollars out of thing air in a super short period of time, this will be the outcome.
Come on Litecoin & bitcoin SV 😎 🤑
This bout to turn out great 😂😂
Thanks god we have a communist style committee to decide the price (interest rate) of the most important commodity in our country (money), which makes up 50% of all transactions. They've got this!
They want you worried about inflation bc they are worried about deflation
stoolpresidente bitcoin fixes this
Because we are looking at the greatest deflationary force in history. When will any person here understand the inverse logic of deflation
The Fed is expected to announce a major commitment to finally killing off the middle class completely. The true enemy of America is neither Russia or China or Democrats or Republicans. It is the criminals occupying the Marriner Eccles building. EndTheFed
Hyperinflation in living essentials!!
All this could be fixed with one war, the people against the government. Its as simple as that
😍Bitcoin $Bitcoin BTC
Just get it over with already
It's not good enough to screw over the poor, the Fed has to piss on their grave as well.
Grrrrrrrreatest economy ever !!!
Great
I believe they call this, ‘Moral Hazard’...
wilmerots Why?
They should go to a nearby grocery store and see inflation in action. Inept.
We don't need inflation right now. We need to reopen and the income that comes from reopening the economy. ReOpentheEconomyStupid
Fed flips middle finger to average americans.
“The Fed is expected to make a major commitment to ramping up cost of living soon.” Fixed it for ya.... ur welcome
Very good news for crypto and precious metal investors.
They’ve created enormous inflation already. Oh wait, asset price inflation doesn’t count and why does the FOMC believe the destruction of one’s purchasing power is a good thing? Complete lunacy and epic strategy drift.
Good luck with that..! Higher inflation from feds..? Fed Magic..?🤭 😂😂😂😂😂😂
What could go wrong here?
They bought oil back when it went negative. Didnt they?
Yeeeeih..... Wait.. What? WTF
BUY BITCOIN !!
This is going to end so badly....
Talk is cheap. We are heading to stagflation.
The people are expected to rise up and EndTheFed soon.
In what world do these pundits think actually trying to get more inflation is good for the majority of the country. It’s good for debtors. The us government being the biggest debtor of them all!
thebearablebull Xrp
thebearablebull Ramping... up? Inflation?
...market veterans and economists point to a move to “average inflation” targeting in which inflation above the central bank’s usual 2% target would be tolerated and even desired. So glad we have a command economy.
The Fed is now talking inflation up.
It's too late and useless when you print $5 trillion paper dollars in 4 months.
Not to raise rates until inflation hits '2%'. It's already higher than that bro.
Get rid of the federal reserve
Brrrrrrrrrrrrrrrrrrrrrr
Bitcoin. EndTheFed
Soon?
That's funny they've been committing to ramping up inflation for decades but still we are deflating. Could it be that the medicine is actually the disease? 😲
Looks like the guy that was always picked last and now somehow has the power to destroy the USA....nice
Dxy is falling look at the chart...
Opt out, buy Bitcoin and self custody your funds.
Haaa...
All I know crypto currency is gonna go up
Buy Physical gold silver and crypto
Inflation coming to where it hurts the most. Food.
Yes, because the source of all our problems is that we don't have raging inflation.
Lol middle class really needs now to see more inflation in food, gas etc. unbelievable
30 million he means
Good, I was worried my cost of living might go down! Make sure electronics get more expensive too, these pesky TV prices just keep dropping.
Lol, they just see gold and Bitcoin going up
They're just doing that because inflating the national debt away is the only way out of their predicament. Criminals.
They will keep real interest rates negative for the next generation. Protect yourselves from these criminals.
“This time we mean it” says increasingly nervous man for the 79th time this decade EmilKalinowski JeffSnider_AIP JamesGRickards
Mother f a.
Assholes!!
Ramp up wage growth while you are at it or you destroy the savers and the working class
So the Fed has an inflation target of 2% which they have been unsuccessful at hitting and they are clueless as to why they haven't hit it. but they want to raise the target (or allow for overshoots)!!! i cant run a 100m sprint in 15sec but let me set a goal of running it in 10!!
bitcoin allows you to opt out of the currency debasement the Fed is intent on.
I’m thinking this means negative rates on the horizon.
as opposed to their previous ten year commitment to ramp inflation back to 2.0%. Why should we care. their real commitment is to ramping up the S&P
My gold and silver are like
Time for plan ₿
theonevortex Also known as transferring all brrrrrr to the wealthy.
Somebody told gold already
TrueCrypto28 Bitcoin fixes this.
Maggers78 changes likely coming to how Fed operates. higher inflation is great, unless you're unemployed or have a job with stagnant wages. zero FFR is great, unless you're a retiree trying to generate income on your nest egg. next Congress may seek to redirect/reign in Fed actions
How is the a headline?
By issuing debt? Gluck
Wouldn’t that really be up to the treasury?
Its coming.... get real assets!
Ramping up wealth inequality* 😉
steveliesman must get all hot and sweaty when he see’s this article.
I don’t guess Powell buys food? Freaking moron is burying us
how else to pay off debt...buy property at fixed almost zero rates to beat inflation...rv ratio must be great
You'll be able to buy a 120inch 8k super duper smart tv, but that sack of groceries is out of your price range
Karmically doomed after supported stocks of unrealistic rallies!
We don't need more inflation and manipulation but that's exactly what they're going to give us. Opt out, it's time for Bitcoin
Pump itttt 🚀. Love the federalreserve Teh create da money & make u much rich
La economía va encaminada al patibulo.
Ramp up inflation? Aren’t essentials expensive enough?
No inflation in healthcare, education, or real estate 😉 - Say 42 clueless PHD’s
INFLATION IS FUCKING EVERYWHERE!!
Let's commit make things more expensive for people. Great plan
Time to buy $BTC!
So things gonna cost more
Lol CNBC, they cant control inflation now! XD Super inflation is probably what they're referring to. Which gets so out of control we need a vaccination, oops I mean a new currency. Sorry wrong narrative pump.
Free medical coverage for all U.S. citizens
Why do they think normal people want inflation?
amlivemon Wouter__VL
The Fed has never been able to do anything to even keep inflation at 2% despite blabbing about it for years.
Wishful thinking. The only way for them to get inflation if it comes in stagflation form.
Criminals.
So America has millions of people that are jobless , millions of others just barely getting by on their existing salaries, sometimes multiple salaries, yet the Fed sees the need to increase their cost of living further ? Is this some sort of cruel joke ?
That is just what unemployed people need. Thanks so much Jerome!
Economic iatrogenesis
Here we go kylefootball216 razorbackmoore
Lol yes gold at $15000 sounds about right
Wait, am I reading this right? Ramping UP inflation?!
Bitcoin fixes this.
Down with the fed!
Buy Bitcoin now!!
Financial media is a fkn scourge on society
Imprison and prosecute every member of the FED. All members' personal assets seized EndTheFed
What a fucking idiot, I’m buying more bitcoin
Lord help us
Huh? Wtf?
Unemployed will love the increase in cost of living. When do the 99% say enough?
Bitcoin
$SLV
Bitcoin 🌹
My gold and bitcoin cannot wait 😎
perfect ingredients for hyperinflation
This is why you just buy bitcoin...
It's already here
They have zero control over inflation
Not TheOnion . The Fed is making a major commitment to make the toilet paper more valuable than the dollar.
Give everyone cash
This oughta be good...
Powell doing his thing. Print, print, print. Brrrrrrrr.
TrueCrypto28 Today, the first Basic Attention Token (BAT) dividend came into my BAT_Airdrop portfolio, I recommend it! There is no point in your coins Ethereum and BAT needlessly just lying)
Send every American a check for 50k, that should do it.
TrueCrypto28 $btc
The federalreserve has done so well for the middle class. Eventually bitcoin will replace these top down manipulators of currencies. WTF_1971 RussellOkung I bet he agrees! Short the central banks and stack sats
TrueCrypto28 Get ready people a lot of things are going to change in your world very soon
The FED has made more than a century of commitments to ramping up inflation. [
$CLRB $DBVT get some
Boats and hoes for their friends. The tab for us.
The Fed can't create inflation, they have no tools to create inflation. Everything they have is distinflationary.
Powell you are insane.
Insiders are buying $GLXY to double btc's profit.
The Fed has no clue what they are doing. Are they shaking a magic 8 ball to come up with the next move? Buy bitcoin EndTheFed
Money they print never circulates the real economy.
The greatest risk in the next 5 years will be not having any Bitcoin
Central banks can raise the general price level by raising interest rates. Low rates, asset purchases, etc, do not raise inflation. It does the opposite. That's why years of low rates and trillions in QE haven't raised inflation. They just don't get it.
Go UPXAU GOLD 👀 universalprotocolalliance
translation, the banksters are taking a bath in commercial real estate and the hole must be plugged.
Time to buy bitcoin
Buckle up!
Dude, inflation is how much it costs to eat, and to live for everyone, and not how much it costs to buy an iPhone or Apple stock.
Hello Venezuela?
These guys have been wrong on inflation for the last 2 decades. Failed to account for China deflationary pressure then Tech and automation. Simply the dumbest guys in the room.
Bitcoin
Remember when they were calling for 3% EFFR at the end of 2019 in their March 2019 dot plot 'projections'....Anyone that far off just shouldn't be making projections......
I can understand no rising rates until inflation hits 2%. Commiting to not rise, untill there is a full employment, means in fact, that rates will never rise. Means hyperinflation is ahead. Means $ is screwed, so are the US bond holders.
This was on Bloomberg July 17 (Tim Duy) and in Brainard’s speech July 14. Not news.
Can they buy me a house? 3 bed 2 bath and attached garage will do.
Stock inflation? Been happening for a while. Bunch of crooks.
Don’t worry, they will get their inflation. This makes me feel even better about oil.
As a physicist, this really screws up all our theories. Nothing should go faster than the speed of light, yet the printer has brrrd far beyond that limit.
Can we just stop pretending there isnt inflation? Look at the price of virtually everything Except energy. HealthcRe os a crippling cost. Food is up, almost all goods are up. The poor are hurting morw than ever.
The only name I have for this is QUACKERY. They have been selling us sugar water for 10 years WITHOUT RESULTS. Will anyone ever tell them that enough was enough?
Hang these criminals. 0% rates plus extra price inflation will destroy the rest of the middle class and poor.
Scums of the earth.
priceoftomorrow
I am right-wing/capitalist as all hell and even I'm starting to feel sick watching my portfolio inflate given the reason why & the price working-class people will pay. Too bad the left-wing politicians who cry about income inequality rising are morons and don't understand why.
The Fed is committed to an uprising
Are they panicking?
Trillions of asset purchases, rates at 0....what else can be done? Just start buying direct ownership of homes, cars, and groceries? Maybe buy some barrels of oil?
We must be a bunch of fools and suckers for allowing this
Powell deserves a prison cell, with a roommate named bubba.
Because if it wasn't working, we must need more of it. 🤣 Declining Marginal Revenue Product Of DEBT
These disgusting people Will and are killing the economy and putting millions on poverty. They are kidding with inflation that Will fuck US up. Someone stop this
1) Great time as millions are unemployed and on the verge of homelessness. 2) How do they expect to do this? They have been saying their actions had that goal for a decade and here we are. They continue to only inflate asset prices and the prices of goods we are required to buy.
Kiss the Dollar goodbye. $DXY is a Sell!
what they are writing is a justification for QE infintiy, not something that has any scientific foundation
stockmarket biggeststockmarketcrash Sep2020 systemicflaw There is ta first catalyst for crash. Next unemployment data. Wave 2 after that. And nail in coffin wil be Q3 earnings. Stocks are going to crash by 70%, it's just a matter of time. I pity ta ones buying ta top nowadays
Main St: we can’t afford rent! Wall St: we need some inflation to wash all this debt away! the FED: fire up the printer baby!
play and play and play . Finish the game bullish
Phrasing it in such a way, so to make it seem as if they have control over inflation and are in charge of it.... That's cute.
Just when 30 million people will be going hungry/evicted. Wow FederalReserve
More cheap debt & liquidity to keep the plates spinning...they have created a monster
Of course. How else are you going to pay off that debt except screwing over the debt holders?
No shit 'The Fed is expected to make a major commitment to ramping up inflation soon '
more trillions ?
Because this is how they have always played the game. And it is a corruption game that makes only the global bankers rich, and leaves the rest of humanity footing their bill. Don't believe me? Read The Creature From Jekyll Island.
🥳
Stock pump.
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