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Fed chairman says interest rates will stay low

Fed chairman says interest rates will stay low

Federal Reserve Chairman Powell said Thursday that he expects some inflationary pressures going ahead but they likely won’t be enough to spur the central bank to hike interest rates. Following Powell’s comments, stocks slid while the Treasury yields jumped. Powell said the outlook for the economy has improved after three months of weak job growth. He, however, advised caution on over optimism.

Clara
Clara
chris
chris 1 months

Reopening economy creates inflation? I'd have thought the feds massive printing press would be the culprit.

Jack
Jack 1 months

Oh, its our fault for reopening the economy, thats why there will be inflation. Here i was thinking that it was the unprecedented amount of printing that was going to cause the inflation, how dumb of me.

Hollowhammer
Hollowhammer 1 months

Of course they will. If you raised them even a full pt the whole house of cards will come crashing down.

Bryan_with_a_why
Bryan_with_a_why 1 months

They'll never raise rates, not until the dollar's value collapses and there's a real financial reset. They can't afford to pay interest on the $30+ trillion debt. Every 1% they raise it means another $300 billion in debt payments. 10% raise means literally more money going to the banks to pay the debt than the US federal government collects ALL year in taxes. Every percent increase just quickens the collapse.

Nickel
Nickel 1 months

I remember back in the days when interest rate for housing was about 18% how do you like that one youngsters and then of course as interest rates started to drop there is a big refinancing boom Going On

Indo
Indo 1 months

We know when and why it goes up n down. Only way our economies will see movements.

Fareem
Fareem 1 months

End the Fed. Now. Today.

Julian
Julian 1 months

Criminals rule our country

Central Scrutinizer
Central Scrutinizer 1 months

Just like the price of fuel, or the availability of electricity during a freeze in Texas.

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