Fed Chair Jerome Powell Remains Unfazed by Economic Worries Despite Calls to Act Immediately on Rate Cuts - video Dailymotion

4 months ago

Growing concerns about the economy pressure Federal Reserve Chair Jerome Powell to act quickly, yet he remains unalarmed. Despite an unexpected rise in unemployment, the Fed sees no immediate need for action, with inflation nearly tamed. Critics like Sen. Elizabeth Warren demand rate cuts to save the labor market, fearing recession amid the election season. Powell dismisses political influence, hinting at possible rate cuts in September.

Category

Transcript

Display full video transcript

00:00It's Benzinga, and here's what's on the block.

00:02Growing concerns about the economy are putting pressure on Federal Reserve Chair Jerome Powell

00:07to act quickly, yet he remains unalarmed.

00:10Despite an expected rise in unemployment, the Fed sees no immediate need for action,

00:15with inflation nearly tamed.

00:16Critics like Senator Elizabeth Warren demand rate cuts to save the labor market, fearing

00:21recession amid the election season.

00:23Powell dismisses political influence, hinting at possible rate cuts in September.

00:27For all things money, visit Benzinga.com.

00:30For more information visit www.benzinga.com

Recommended

Fed Chair Jerome Powell Sees No Rush for Rate Cuts as Economy Remains Resilient, Advocates Caution

Trump’s Election Won't Shift Fed's Near-Term Path, Says Fed Chair Jerome Powell

Fed Chair Jerome Powell Hints at Possible Interest Rate Cut in September

Fed Chair Powell Pushes Back on Inflation Tolerance Claims, Reiterates Commitment to 2%

Fed Chair Powell Stresses Caution on Interest Rate Cuts, Stresses Need for Confidence in Inflation Trend Before Rate Cuts

Fed Chair Powell: Rate Cut in March "Not Likely" Based on Today's Meeting

Powell’s Recalibration Buzzword Marks New Fed Policy Direction as Fed Makes 50 Basis Point Rate Cut to Adjust Policy

GOP Senator Tim Scott Says He Spoke To Jerome Powell And Fed Chair Foresees Inflation Coming Down: 'Prospect Of Rate Cuts...Are Going Up'

Mohamed El-Erian Criticizes Fed Chair Powell's Interview Performance: 'He Struggled With Some Of The Smart Questions'

Fed Expected to Keep Interest Rates High as Optimism Remains High for September Rate Cuts

Fed Chair Powell Hints That Interest Rates May Be Cut Before Inflation Hits 2%, Says 'Hard Landing' Unlikely for US Economy

US Adds 253,000 Jobs in April

Wibbitz Top Stories

Fed's Goolsbee Signals Multiple Rate Cuts Ahead, Cites Recession Warning Signs As Unemployment Rises

Treasury Secretary Janet Yellen Says U.S. Economy 'Solid' and 'Deep Into Recovery' Despite Weak Job Data

Trump Isn't Happy With Jerome Powell's 50 Bps Rate Cut Maneuver, Suggests the Economy Is 'Very Bad' and That the Fed Chair Is 'Playing Politics'

Druckenmiller Wary of Fed's Overdoing Rate Cuts After Jobs Data. Payrolls Increase, Lower Unemployment Shift Fed Expectations.

Fed cuts rate by 0.25% for first time since 2008: Analysis from New York Thomson Reuters Angela Moon

Fed Chair Jerome Powell Set To Speak As Economists Raise Concerns Over Risks Arising From Potential Policy Missteps And 2024 Election

U.S. Adds 254,000 Jobs In September As Economists Note Signs Of A 'Soft Landing'

Federal Reserve Chair Jerome Powell’s Jackson Hole Symposium Speech

Janet Yellen Predicts 'Soft Landing' For US Economy Despite Job Growth Concerns: 'We're Not Seeing Meaningful Layoffs'

Fed Chair Jerome Powell Confident Fed Independence Will Endure Under Trump Administration

Citi Economist Predicts 'Hard Landing' for U.S. Economy, Expects Four Rate Cuts

Fed Must Be Free of 'Political Control' to Curb Inflation, Powell Says

Wibbitz Top Stories

Federal Reserve head Janet Yellen hints at US interest rate hike in December

euronews (in English)