Federal Reserve Chair Jerome Powell offers his ideas on inflation dangers, the economic system, the timeline for reducing charges, the well being of the nation’s banks and extra. Scott Pelley experiences.
#information #economic system #federalreserve
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I shall be filing a formal police complaint (at Tallahassee Police Dept Florida USA) requesting an investigation into the alleged criminal act perpeterated by US Dept of Justice, Attorney General of USA Office
The criminal act is helping criminal individual get a fake USA passport
US Dept of Homeland Security is also involved
Fed Chair doesnt know anything about it. An innocent man
12:50 it would only lead to bett-… To worse… 🤔
Flexible, Dynamic, Adaptable + Altruistic Crusader
Fed Chair Jerome Powell seems determined to destroy the US economy. His "textbook" idea to bring inflation down is: "Because higher interest rates mean higher borrowing costs, people will eventually start spending less. The demand for goods and services will then drop, which will cause inflation to fall." That theory is a level of idiocy that defies comprehension. Obviously, clearly, beyond any and all doubt – this will not decrease the demand for food, nor bring the prices/inflation of food down. Household expenditures on food are higher than ever – the policy in no way changes that. Americans with any type of loans: cars, homes, credit cards will see their expense on interest soar along with food and everything else. The higher rates are devastating to Americans, and in no way bring inflation down because an incredible fool like Powell thinks demand will decrease. In Texas, ERCOT is poised to have rolling black outs due to insufficient power generation capacity. Companies that invest in power generation: natural gas, coal, solar, and wind are facing higher rates that impede them from expanding capacity to meet needs, and also creating jobs. This directly correlates to higher energy costs for Texan's – all at Powell's behest. This catastrophe is the result of Jerome Powell's flawed theory that high rates bring down demand; therefore, prices/inflation go down. It's the exact opposite – his policy is causing every American's cost of living to spiral out of control. This policy will increase defaults and cause many banks into insolvency, and he KNOWS IT. How is that a good thing??? Powell's idiocy has blocked huge numbers of American's from getting homes – they are renting, and getting no equity! He has destroyed the American dream of home ownership. How is this guy an economist???? Families are forced to put off buying a new vehicle, and keep older ones that end up costing a fortune in repairs. Additionally, higher rates will mean lower profits for the auto industry, and that's good for the economy? The Fed is a giant wrecking ball – bent on destroying America, and it's time that legal action be taken to get injunctive relief from them causing anymore harm, and that Powell be held accountable for his incomprehensible negligence causing harm to millions of Americans.