Powell: Fed can maintain higher rates for "as long as needed"

[OffwhiteBrah]

SUMMARY OF FED CHAIR POWELL'S COMMENTS (4/16/24):

1. Recent data "shows lack of further progress on inflation"

2. Inflation has "introduced new uncertainty" on whether the Fed can cut rates later this year

3. Fed can maintain higher rates for "as long as needed"

4. Recent data has not given greater confidence on inflation

5. Restrictive Fed policy needs more time to work

Also, the average 30-year fixed mortgage rate jumped to 7.50% today. A new 2024 high!

[BalognaNbeans]

[MarioMiami305]

They can't keep rates this high ( they aren't even high historically) because there are a bunch of companies and banks that are loaded with debt and will be wiped out. Thats the reason he's planning rate cuts when inflation has risen 3 months in a row.

Imagine raising rates to the highest theyve been in over a decade and it not putting a dent on inflation.

Brutal federal reserve L.

[OffwhiteBrah]

They can't keep rates this high ( they aren't even high historically) because there are a bunch of companies and banks that are loaded with debt and will be wiped out. Thats the reason he's planning rate cuts when inflation has risen 3 months in a row.

Imagine raising rates to the highest theyve been in over a decade and it not putting a dent on inflation.

Brutal federal reserve L.

fuk off from my thread queer

[4g64fiero]

They can't keep rates this high ( they aren't even high historically) because there are a bunch of companies and banks that are loaded with debt and will be wiped out. Thats the reason he's planning rate cuts when inflation has risen 3 months in a row.

Imagine raising rates to the highest theyve been in over a decade and it not putting a dent on inflation.

Brutal federal reserve L.

Those are zombie companies that deserve to dissolve. They are not a product of a capitalist system but of extravagant overreach.

The rates need to go up high enough to stifle development. If anything, the FED is dragging their feet on this hard. Rates should be two points higher by now.

[backinbusiness]

we've peaked stock market boys as of last week, heard it here. 20% correction over the next 60 days

[MarioMiami305]

Those are zombie companies that deserve to dissolve. They are not a product of a capitalist system but of extravagant overreach.

The rates need to go up high enough to stifle development. If anything, the FED is dragging their feet on this hard. Rates should be two points higher by now.

There are a ton of banks that are loaded with debt that are insolvent

Just remember if we get a financial crisis, we won't be able to bail these banks out again. We already have an inflation problem, the Fed gonna print more money for bailouts?

Were literally headed for a huge financial crisis and the rise in gold proves this.

Game over for the fed.

[SaltyDog920]

We're building back better, boyos!

[4g64fiero]

There are a ton of banks that are loaded with debt that are insolvent

Just remember if we get a financial crisis, we won't be able to bail these banks out again. We already have an inflation problem, the Fed gonna print more money for bailouts?

Were literally headed for a huge financial crisis and the rise in gold proves this.

Game over for the fed.

Hopefully the fed doesn't and they fail. We all know that will never happen, but the closer we get there, the better.

[Komytea]

Sad!

[OffwhiteBrah]

Could be a decade before we ever see sub 4% mortgage rates again for all we know, it's literally fkn over for rent-cels as they will need to be renters forever

[claudio_snchz]

Our economy is a massive house of cards. What will be the first card pulled out that triggers the entire fall? I've been racking my brain trying to figure out what it could be, because there is always a "linchpin" that gets pulled out, something that triggers it.

[Destor]

Even when they do cut the Fed Funds rate it’ll probably only be to like 4%, and treasury yields probably won’t come down at the same pace

[theraskal]

Boom/Bust Economic Cycles. It's a thing. Peaks and Valleys. Upper-Middle-to-High-Income Jonsers living the paycheck-to-paycheck LifeStyle-Inflation BiggerHouse, More Expensive Automobile than needed, and MORE TOYS will always get caught in the rain without an umbrella when the BUST happens again......

[havoc00]

Buy gold morons

[TKDbrah]

Our economy is a massive house of cards. What will be the first card pulled out that triggers the entire fall? I've been racking my brain trying to figure out what it could be, because there is always a "linchpin" that gets pulled out, something that triggers it.

commercial real estate and whatever jew machinations were used to finance it

[ChewYourFood]

Just lmao at people who talk about rate cuts....

The economy is being held together with string and boogers. What they need to do will crash the economy. Just trying to drag it out past this next election...

[InPhase]

Inflation won't drop if Biden and his cronies keep the money printer on wide open throttle. Continually pumping money into the system is what is causing this.

[ThatGuy950]

Inflation won't drop if Biden and his cronies keep the money printer on wide open throttle. Continually pumping money into the system is what is causing this.

“Trump” also printed like crazy and advocated for negative interest rates at one point.

Doesn’t make any difference who’s president, they are simply a meme at this point and all touched the wall, so none are on our side

[4g64fiero]

Inflation won't drop if Biden and his cronies keep the money printer on wide open throttle. Continually pumping money into the system is what is causing this.

What is the mechanism in which they're doing this right now? They were buying MBS and holding interest rates low. I believe we are in quantitative tightening right now. Is that not the case?

[OliverHeldens]

They can't keep rates this high ( they aren't even high historically) because there are a bunch of companies and banks that are loaded with debt and will be wiped out. Thats the reason he's planning rate cuts when inflation has risen 3 months in a row.

Imagine raising rates to the highest theyve been in over a decade and it not putting a dent on inflation.

Brutal federal reserve L.

Yeah that’s the point. They are forcing these companies to operate cheaper.

This process has like 4 years left. I lot needs to change.