Krystal and Saagar scrutinize the comments by Fed Chair Jerome Powell where he conceded that some pain would be coming due to the Fed’s fight against inflation causing a recession
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I won't be losing my job.
Exacerbating the recession we're already in would be more accurate. Raising interest rates during a recession is unheard of and contrary to economics, but it's par for the course for Powell et al.
If they want to have the voting public feel some pain,then the voting public needs to let the government feel that same pain.
Shouldn't we protest at the Fed? I mean are we actually just gonna let them kill us?? Our founders would be dissapointed in us.
No she's not absolutely right saagar, what does she propose to stop inflation? Printing money and artificially low interest rates are largely to blame. Krystal's solution is more gov power universal health care. Don't take economic advise from Krystal.
Krystal, perhaps the USG could give another $10k in student debt forgiveness. Maybe it will help with the pain.
Would you prefer they let hyperinflation happen? You still lost your job and your money is worthless.
Congress needs to get their budget under control and Biden needs to end the war and lift the sanctions if you really want to fix the issue. They won't so the Fed is doing all they can do.
This is the fed cleaning up the democrats/Republicans reckless spending.
Thank you Jerome Powell… with your manipulations to break American families while pampering the corporations and the wealthy, you gave me even greater reason to feel totally estranged from this damn government and economic system. The issue is not about GOP vs Democrats, or Right vs Left. It is all about — and only ever about — TOP vs BOTTOM. Baste, Roast and Eat the Damn Rich!
Pray for the vaccinated
Why did you remove the NASA clip?
Can the us government buy back cash and destroy it? Is that possible? Wouldn’t that help increase the value of the dollar?
IS there some reason why the fed has to use such blunt weapons? Are there no economists that can give the fed a better way to target, say consumer spending without killing business. Do you have to have large unemployment to lower inflation or are there other reasons for this approach?
Wish people would stop lying and say the truth! We have been in a recession for almost a year, and they are actually worried about causing a depression.
So they force historic inflation, then force a recession. Why do we have a federal reserve again?
The student bailout is popular what bullshit pole said that. Really you guys need to get out more.
RAISING INTEREST RATES DOES NOT EFFEFT M2 FFS – The Fed needs to reduce the money supply. We printed 6 Trillion dollars. This is simple econ 101.
They should say the student loan forgiveness is actually very popular among the kids that will benefit from it lol
And the masses of people hurting will still vote democrat.