Podcast appearances and mentions of Jerome Powell

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American central banker, and 16th Chairman of the Federal Reserve in the United States

  • 903PODCASTS
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  • Jun 26, 2022LATEST
Jerome Powell

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Best podcasts about Jerome Powell

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Latest podcast episodes about Jerome Powell

Face the Nation on the Radio
SCOTUS Abortion Ruling, Jan 6 Hearings, Recession Concerns

Face the Nation on the Radio

Play Episode Listen Later Jun 26, 2022 45:36


This week on “Face the Nation with Margaret Brennan,” we discuss what would a federal ban on abortion look like? Marc Short, former chief of staff to former Vice President Mike Pence, tells us he believes the former VP “has always accepted exceptions for rape and incest.” Jan. 6 committee member Rep. Pete Aguilar (D-CA) discusses why the panel plans to continue holding public hearings this summer. World Bank Group President David Malpass says if he were Fed Chair Jerome Powell, he would focus less on interest rates and more on regulatory policy to “let the banks lend more."See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Marketplace All-in-One
Reproductive rights and the economic divide

Marketplace All-in-One

Play Episode Listen Later Jun 24, 2022 27:18


The Supreme Court’s decision to overturn Roe v. Wade won’t just make abortions more expensive and difficult to access; it’s also expected to exacerbate economic disparities between people who can afford access to reproductive services and those who can’t. Today, a look at the ruling’s impact. Plus, a recap of Fed Chair Jerome Powell’s trip to Capitol Hill and companies’ evaluation of hybrid work. Your donation powers the journalism you rely on. Give today to support Marketplace.

Marketplace with Kai Ryssdal
Reproductive rights and the economic divide

Marketplace with Kai Ryssdal

Play Episode Listen Later Jun 24, 2022 27:18


The Supreme Court’s decision to overturn Roe v. Wade won’t just make abortions more expensive and difficult to access; it’s also expected to exacerbate economic disparities between people who can afford access to reproductive services and those who can’t. Today, a look at the ruling’s impact. Plus, a recap of Fed Chair Jerome Powell’s trip to Capitol Hill and companies’ evaluation of hybrid work. Your donation powers the journalism you rely on. Give today to support Marketplace.

The Rebel Capitalist Show
News: Jerome Powell Makes Bold Statement On Recession Risks

The Rebel Capitalist Show

Play Episode Listen Later Jun 24, 2022 18:45


The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.

Politicology
‘The Republic is in Danger' — The Weekly Roundup

Politicology

Play Episode Listen Later Jun 24, 2022 62:35


Matt Bennett (Executive Vice President for Public Affairs at Third Way) and Catherine Sanderson (Poler Family Professor of Psychology and Chair of Psychology at Amherst College) join host Ron Steslow to unpack some of the most important stories of the week: (02:32) The Senate clears the first hurdle to passing the most significant gun legislation of the 21st century  (13:15) The January 6th committee outlining Trump's involvement in the plot to steal the 2020 election (26:01) Fed Chair Jerome Powell's testimony before congress, the stock market strain hitting retirement accounts, and Biden's push for a temporary end to federal gas taxes [Politicology+ Members Only] The New York Times's latest “America in Focus” focus group  // To get your private, ad-free Politicology+ podcast feed with extra episodes, go to politicology.com/plus or subscribe in Apple Podcasts. Are you learning from Politicology? Help us expand by pitching in now: https://politicology.com/donate Follow this week's panel on Twitter: https://twitter.com/RonSteslow https://twitter.com/ThirdWayMattB https://twitter.com/SandersonSpeaks Learn more about your ad choices. Visit megaphone.fm/adchoices

The Bitboy Crypto Podcast
BEST CRYPTO Major In The Country! (XRP Goes GLOBAL!!)

The Bitboy Crypto Podcast

Play Episode Listen Later Jun 24, 2022 6:36


In your nightly crypto news wrap-up, we bring you the top crypto stories. Fed Chair, Jerome Powell, weighs in on Bitcoin, Crypto education takes legitimate steps forward and XRP continues to expand on and off the racetrack!

Money Metals' Weekly Market Wrap on iTunes
Fed Chairman Admits Missteps but Not Fundamental Flaws

Money Metals' Weekly Market Wrap on iTunes

Play Episode Listen Later Jun 24, 2022 7:26


As Congress sought answers from Federal Reserve chairman Jerome Powell this week, investors are seeking buying opportunities in oversold markets. | Do you own precious metals you would rather not sell, but need access to cash? Get Started Here: https://www.moneymetals.com/gold-loan

Squawk Pod
Oil Squeeze, Price Pain and Summer Travel Woes 6/24/22

Squawk Pod

Play Episode Listen Later Jun 24, 2022 35:57


Fresh reporting from Becky Quick on what happened inside the room with leading executives from the U.S. oil industry and Energy Secretary Jennifer Granholm.  Inflation continues to run hot. Federal Reserve Chairman Jerome Powell says that the Fed is committed to fighting inflation “unconditionally” in a testimony to the House Financial Services Committee. Member of the committee, and Problem Solvers Caucus Co-Chair, Rep. Josh Gottheimer (D-NJ) wants to act aggressively to solve the problems of surging gas prices, expensive food costs, and fight inflation. Also, United Airlines says they are cutting dozens of flights in the Northeast due to staffing issues. Association of Flight Attendants International President Sara Nelson joins to address the massive amount of flight cancellations, rising ticket prices, and how to navigate the potentially messy summer travel season. In this episode: Rep. Josh Gottheimer, @RepJoshGSara Nelson, @FlyingWithSaraJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @AndrewrsorkinKatie Kramer, @Kramer_Katie

Marketplace Minute
The Supreme Court overturns Roe v. Wade - Marketplace Minute - June 24, 2022

Marketplace Minute

Play Episode Listen Later Jun 24, 2022 1:50


Fed Chair Jerome Powell tells Congress the Fed is “strongly committed” to bringing down inflation; FedEx earnings match analysts' predictions with upbeat expectations for the future; Netflix cuts about 300 employees. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Emprendeduros
EP. #119 | Tiktok te esta espiando!

Emprendeduros

Play Episode Listen Later Jun 24, 2022 21:19


¡Emprendeduros! En el episodio de hoy Rodrigo nos da una actualización de mercado donde discute la reciente volatilidad de mercado, las declaraciones de Jerome Powell y la crisis de energia. Después habla de como el FDA acaba de prohibir los cigarros electrónicos Juul. Tambien habla de China, donde via TikTok te están espiando y se sus ofertas iniciales. Brevemente menciona el nuevo sindicato de Apple y finalmente nos da la actualización de Cryptos donde habla de FTX actuando como banco central de cryptos y de la fundación de estandarización de metaversos.

Rich Zeoli
Supreme Court Affirms We Are Individuals With Inalienable Rights to Defend Ourselves

Rich Zeoli

Play Episode Listen Later Jun 24, 2022 193:25


6:02-NEWS 6:08-Supreme Court strikes down New York gun law 6:38-Amazon's Alexa has a new feature that will speak in your dead relatives' voices 6:43-An ex-neo Nazi prisoner is fast tracked by the Bureau  of Prisons to get his gender confimration surgeries  6:47-Nike ending business in Russia but not in China 6:52-Keith Olbermann calls on States to ignore the Supreme Court after New York gun ruling  7:03-NEWS 7:08-Governor Phil Murphy "reviewing" the Supreme Court decision on gun rights and how it affects their requirements for legal gun ownership 7:15-Biden's note cards with instructions on what he should be doing  7:30-Red flag laws would likely not hold up in the courts  745-CUT SHEET | Senator Elizabeth Warren says there is no evidence inflation would get worse canceling student loans | Warren blames price gouging for high gas prices | Jerome Powell says they did underestimate the risk of inflation | More "putin gas tax" blame by Biden officials | Fauci recovers from his one day battle with COVID symptoms | Preschool teacher. comes out as transgender to their 4 and 5 year-old students 8:07-President Biden is expanding Title IX for transgender athletes  8:14-WHO now believe the lab-leak theory of COVID is the most likely cause of the pandemic 8:22-NEWS 8:35-Comedian Kevin Downey Jr. joined Rich to discuss New York officials reaction to the Supreme Court ruling on gun control laws in their state and the expansion of Title IX under Biden 8:50-The efficacy of vaccines for children between 6 months and 5 years of age 9:02-NEWS 9:05-John Toomey, father of murder victim Sean Toomey in Philadelphia, joined Rich to discuss the arrest of 2 suspects in his son's murder and the confidence they have in finally finding justice in their son's tragic death.  9:10- The racists roots in gun control legislation dating back to slavery.  9:39-FDA bans JUUL cigarettes  9:42-CUT SHEET | Governor Kathy Hochul slams the Supreme Court's decision on New York gun case | Governor Eric Adams fears NYC will now become the Wild West | NBC News fears more people will now be killed with gun violence after this ruling | South Carolina Democrat Joe Cunningham says Biden should not run for re-election | Colbert welcome Beto O'Rourke to the Late Show 9:55-Final Thoughts 

Rich Zeoli
The 2nd Amendment is Not The Lesser Amendment

Rich Zeoli

Play Episode Listen Later Jun 24, 2022 56:35


7:03-NEWS 7:08-Governor Phil Murphy "reviewing" the Supreme Court decision on gun rights and how it affects their requirements for legal gun ownership 7:15-Biden's note cards with instructions on what he should be doing  7:30-Red flag laws would likely not hold up in the courts  745-CUT SHEET | Senator Elizabeth Warren says there is no evidence inflation would get worse canceling student loans | Warren blames price gouging for high gas prices | Jerome Powell says they did underestimate the risk of inflation | More "putin gas tax" blame by Biden officials | Fauci recovers from his one day battle with COVID symptoms | Preschool teacher. comes out as transgender to their 4 and 5 year-old students

Yahoo Finance Daily
Stocks rise after day two of Powell testimony: June 24

Yahoo Finance Daily

Play Episode Listen Later Jun 24, 2022 3:22


U.S. stocks closed higher in a choppy session Thursday following Federal Reserve Chair Jerome Powell's second day of testimony on Capitol Hill.

Off the Chain
#1019 Darius Dale On How We Get To Deflation

Off the Chain

Play Episode Listen Later Jun 24, 2022 34:20


Darius Dale is the Founder & CEO of 42 Macro, the leading macro risk manager adviser. In this conversation, we discuss the macro economy, how Jerome Powell is starting to tell the truth about inflation, we we get to a deflationary environment, if stagflation is near, if the 60/40 portfolio is no longer valuable, and how Bitcoin is the only free market currently. Darius joins us every Thursday on "The Best Business Show." To see the video with the corresponding charts that Darius references throughout the interview, go to "The Best Business Show: LIVE" YouTube Channel ======================= BCB Group is the leading payment services partner for the digital assets industry. BCB Group provides payment services in 30+ currencies, FX, cryptocurrency liquidity, digital asset custody and BLINC, which is BCB's free, instant settlements network for the BCB client ecosystem. Find out more by visiting bcbgroup.com/pomp ======================= Exodus is leading the world out of the traditional financial system by building beautiful and user-friendly blockchain products. With its focus on design and user experience, Exodus has become one of the most popular and loved cryptocurrency apps. It's supported on both desktop and mobile, allowing you to sync your wallet across multiple devices so you can have access to your funds anywhere. You can instantly exchange around 100 different cryptocurrencies straight from your wallet. Interactive charts let you view an asset's price history and your portfolio's performance over time. And maybe the best part, Exodus is integrated with the Trezor hardware wallet - making advanced security easy for everyone.  Visit exodus.com/pomp for your free download or search Exodus on the App Store or Playstore. ======================= Today's episode is brought to you by Coinbase Wallet, your key to the world of crypto. Crypto wasn't made to just buy, sell, and hodl. With Coinbase Wallet, you can do so much more: Collect more NFTs, earn more with DeFi, and trade more than 4,000 tokens. Whether you're looking to play, stake, spend, or just explore a trending new protocol — Coinbase Wallet is your key to more. Long-time HODLers already know that wallets are a must-have if you want complete control of your crypto. That's why Coinbase Wallet makes self-custody simple, while providing the safety and security of the most trusted name in crypto. Visit http://coinbase.com/wallet to learn more. =======================

Squawk Box Europe Express
SQUAWK BOX, FRIDAY 24TH JUNE, 2022

Squawk Box Europe Express

Play Episode Listen Later Jun 24, 2022 30:06


U.S. Federal Reserve chairman Jerome Powell faces the House Financial Services Committee and admits that he had underestimated inflation. Lawmakers pressed the central bank chief on how he would respond should his aggressive rate hikes push the U.S. economy into a recession. Wall Street is set to break a three-week losing streak later today as a very volatile H1 comes to a close. EU leaders unanimously approve candidate status for Ukraine but European Commission President Ursula Von Der Leyen insists the process will not be rushed through. Inflation in Japan exceeds the BoJ's expectations for the second consecutive month. Softbank CEO Masayoshi Son leads the investment titan's AGM. He says that, despite pressure from London, chip maker ARM is most likely to list on the Nasdaq. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Mission to the Moon Podcast
เผยเบื้องหลังทำไมญี่ปุ่นปล่อยค่าเงินเยนร่วง | Mission Daily Report 24 มิถุนายน 2022

Mission to the Moon Podcast

Play Episode Listen Later Jun 24, 2022 81:25


Mission Daily Report June 24,2022 1. อัปเดตตัวเลขผู้ที่ได้รับการฉีดวัคซีน Covid-19 ในประเทศไทย 2. ราคาดัชนีตลาดหลักทรัพย์ / ราคาหุ้นต่างประเทศ / ราคาน้ำมันดิบ / ราคาทองคำ / ราคา Cryptocurrency 3. นอร์เวย์ประกาศขึ้นอัตราดอกเบี้ย 4. EU มีมติรับรอง “ยูเครนและมอลโดวา” เป็นแคนดิเดตการเข้าร่วมสมาชิก 5. กลุ่มการค้าบริกส์จัดการประชุมทางไกล “สีจิ้นผิง” ส่งสัญญาณถึงสหรัฐฯ 6. จีนเพิ่มปริมาณการนำเข้าน้ำมันจากรัสเซียแซงหน้าซาอุฯ 7. Jerome Powell ออกแถลงในสภาคองเกรสเป็นวันที่สอง 8. เพราะอะไรญี่ปุ่นถึงปล่อยให้ค่าเงินเยนร่วง 9. สถานการณ์ค่าเงินบาทมีแนวโน้มในอนาคตอย่างไร 10. สนใจเทรนด์ Metaverse เริ่มตรงไหนดี by Token X และ Techsauce 11. ประวัติ “Charles M.SchultZ” ผู้เขียนการ์ตูน Peanuts 12. ประเด็นร้อน “พิมรี่พาย” ขายตั๋ว “แมนยู-ลิเวอร์พูล” ได้ทานข้าวกับ “แจ็คสัน หวัง”

Long Reads Live
Powell Finally Talks Recession

Long Reads Live

Play Episode Listen Later Jun 24, 2022 16:10


This episode is sponsored by Nexo.io, NEAR and FTX US.  For the past two days, Federal Reserve Chairman Jerome Powell has been testifying on the Hill before both committees in the Senate and House. One of the most pointed discussions has been around the possibility that the Fed's rapid about-face on interest rates and other market support might have the unintended consequence of dropping the economy into a recession.  - Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC. - NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Win McNamee/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Real Vision Presents...
It's Time to Talk About Slowing Growth

Real Vision Presents...

Play Episode Listen Later Jun 24, 2022 40:09


The Federal Reserve's commitment to cooling inflation remains “unconditional,” said Jerome Powell in a second day of congressional testimony, even as evidence from overseas indicates we're heading for a slowdown. “Growth down, inflation expectations down, cracks start to appear in commodity momentum,” tweeted Andreas Steno Larsen. S&P Global's preliminary Eurozone composite purchasing managers index fell to a 16-month low in June on slower demand growth. “We know that the manufacturing cycle is weakening fast,” Andreas noted, “but the service sector was anticipated to have a strong summer. This is now debatable.” Andreas joins Weston Nakamura to talk about Europe, while Weston provides an update on what's happening in Asia. More broadly, they talk about whether the narrative focus is changing from “inflation” to “recession.” We also hear from Tian Yang about long-term constraints on commodity supplies. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3bohJiR. Watch the full conversation featuring Tian Yang here: https://rvtv.io/3xHghji. Learn more about your ad choices. Visit megaphone.fm/adchoices

The John Batchelor Show
#Markets: Jerome Powell testifies to the Fed's uncertainty. Veronique deRugy, Mercatus

The John Batchelor Show

Play Episode Listen Later Jun 24, 2022 9:45


Photo: #Markets: Jerome Powell testifies to the Fed's uncertainty. Veronique deRugy, Mercatus https://www.msn.com/en-ca/news/other/conrad-black-fresh-blood-needed-to-forge-a-competitive-conservative-party/ar-AAYBI1h Veronique de Rugy, @veroderugy,  @GeorgeMasonU, @Mercatus Center, Senior Research Fellow, Mercatus Center, George Mason University & NRO Online

Late Confirmation by CoinDesk
BREAKDOWN: Powell Finally Talks Recession

Late Confirmation by CoinDesk

Play Episode Listen Later Jun 23, 2022 16:09


In testimony on the Hill, the Fed chairman is grilled about whether interest rate increases are going to cause an economic decline. This episode is sponsored by Nexo.io, NEAR and FTX US. For the past two days, Federal Reserve Chairman Jerome Powell has been testifying on the Hill before both committees in the Senate and House. One of the most pointed discussions has been around the possibility that the Fed's rapid about-face on interest rates and other market support might have the unintended consequence of dropping the economy into a recession. -Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.-NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.-FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.-“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Win McNamee/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Liberty Advisor Show W/ Tim Picciott
END Of The Dollar! - Fed Announces GREAT RESET Plan! - Digital World Currency Imminent!

The Liberty Advisor Show W/ Tim Picciott

Play Episode Listen Later Jun 23, 2022 26:53


ALL links can be found in the link tree: https://linktr.ee/TheLibertyAdvisor Join Tim's eMail list: https://forms.aweber.com/form/52/137208552.htm Join Tim's telegram chat: https://t.me/+GO3z458eqmAzMmNh Get the show on iTunes: https://bit.ly/libertyadvisor Podcasts: https://libertarianadvisor.podbean.com/ Livestreams: https://flote.app/TheLibertyadvisor You can find us on other content platforms by following the link below https://thelibertyadvisorshow.com/showlinks/ Learn more about Tim's services: www.thelibertyadvisor.com Free 15 min Investing Consultation www.bit.ly/booktimp Subscribe to our emergency text list and receive a free ebook “How it's Rigged – The Economy” Text LibertyAdvisor (one word, no spaces) to 71441 GET HEIRLOOM SEEDS & SURVIVAL RESOURCES HERE: https://heavensharvest.com/ USE Code WAM to get FREE shipping in the United States! STOCK UP ON STOREABLE FOODS HERE: http://wamsurvival.com/ OUR GOGETFUNDING CAMPAIGN: https://gogetfunding.com/help-keep-wam-alive/ Josh Sigurdson talks with Tim Picciott, The Liberty Advisor about the coming digital world order as Jerome Powell admits that the US dollar is at risk of losing its standing as the world reserve currency. An absolutely earth shattering revelation that we all knew was coming, but to hear the Federal Reserve chair admit such a thing is massive. Meanwhile, Powell noted that they're looking into CBDCs extensively at the moment. A central bank digital currency tied to a global centralized system would be the exact plan of the Great Reset agenda. This would lead to a global enslavement system tied to social credit, carbon credits and more. In this video, Tim Picciott breaks down what this means for the global economy and why it's time to get out of the collapsing system. Stay tuned for more from WAM! GET YOUR APRICOT SEEDS at the life-saving Richardson Nutritional Center HERE: https://rncstore.com/r?id=bg8qc1 OUR PODBEAN CHANNEL: https://worldaltmedia.podbean.com/ Or SPOTIFY: https://open.spotify.com/show/5JWtlXypfL8iR8gGMg9MME FIND US on Rokfin HERE: https://rokfin.com/worldalternativemedia FIND US on SOVREN HERE: https://sovren.media/u/wam/ FIND US on Gettr HERE: https://www.gettr.com/user/worldaltmedia See our EPICFUNDME HERE: https://epicfundme.com/251-world-alternative-media JOIN OUR NEWSLETTER HERE: https://www.iambanned.com/ JOIN our Telegram Group HERE: https://t.me/worldalternativemedia JOIN US On BitChute: https://www.bitchute.com/channel/gzFCj8AuSWgp/ JOIN US On Flote: https://flote.app/JoshSigurdson JOIN US On Odysee (formerly LBRY) HERE: https://odysee.com/@WAM:0 BUY WAM NFTs HERE: https://rarible.com/worldalternativemedia JOIN US on Rumble Here: https://rumble.com/c/c-312314 FIND WAM MERCHANDISE HERE: https://teespring.com/stores/world-alternative-media FIND OUR CoinTree page here: https://cointr.ee/joshsigurdson JOIN US on SubscribeStar here: https://www.subscribestar.com/world-alternative-media We will soon be doing subscriber only content! Follow us on Twitter here: https://twitter.com/WorldAltMedia DONATE PAYPAL HERE: ziggy33@mail.com Help keep independent media alive! Pledge here! Just a dollar a month can help us alive! https://www.patreon.com/user?u=2652072&ty=h&u=2652072 BITCOIN ADDRESS: 18d1WEnYYhBRgZVbeyLr6UfiJhrQygcgNU World Alternative Media 2022

NAB Morning Call
Unconditional commitment, come what may

NAB Morning Call

Play Episode Listen Later Jun 23, 2022 14:47


Friday 24th June 2022 There have been big movements in bond yields overnight. NAB's Ken Crompton says there's been a reaction to weak PMI data from Europe and the US. There were promising signs, though, particularly in Europe were rising inventory numbers suggest demand is softening and prices are weakening, which could lessen the need for aggressive hikes by the ECB. Nothing, it seems, will stop the Fed though, with Jerome Powell renewing his unconditional commitment to reducing inflation.

The Peter Schiff Show Podcast
Recession Rears Uglier Head Than Inflation – Ep 821

The Peter Schiff Show Podcast

Play Episode Listen Later Jun 23, 2022 65:53


· Dow Jones just did something it hasn't done since the great depression. · Rates in the UK and Japan headed higher. · Weakness and volatility in crypto markets. · Government moves to ban Juul vapes. · Jerome Powell uses politics as an excuse. Free $75 credit to boost your post at https://indeed.com/peter. Plus earn up to $500 extra in sponsored job credits with Indeed's Virtual Interviews.Terms and conditions apply. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff

The Breitbart News Daily Podcast
Doo Doo Economics: Biden's Gas Tax Holiday Is a Sham; Guests Dr. Tom Williams on Pope's Health, Brave Books CEO Trent Talbot

The Breitbart News Daily Podcast

Play Episode Listen Later Jun 23, 2022 76:42


On today's show we begin with an explanation of why Biden's proposed gas tax holiday is Doo Doo Economics. That's right, you heard it here first. It is a defacto handout to the the oil and gas industry that Biden is fond of scolding and it won't make a difference to your family's personal finances. It also reveals he has no more tricks up his sleeve, aside from more drilling, which he won't do.Then we get into more economic headlines, including that Biden and Fed Chair Jerome Powell blatantly contradicting each other, before we shift focus to John Cornyn and his gun-grabbing agenda. Now the Republican TX Senator says he was joking about pushing an amnesty bill. Who jokes about this? Out of touch GOP establishment elites, apparently. Of course we have our Woke Update, where we focus on branches of the U.S. armed forces that continue to pander to the gender non-binary and two-spirit communities. I'm sure our enemies are quaking in their boots. Then we round up some political headlines, including that Ron DeSantis has actually caught Donald Trump in a New Hampshire GOP primary poll.All that and more in the opening. We have two guests today. The first is Trent Talbot, CEO of Brave Books, which is making literature for children with conservative and Christian values. Then we speak to Breitbart News Rome Bureau Chief about whether the Pope is going to resign anytime soon, then we get his take on the purported Catholic Joe Biden's radical trans agenda.

TechCheck
Federal Reserve Chair Jerome Powell Testifies Before the House Financial Services Committee 06/23/22

TechCheck

Play Episode Listen Later Jun 23, 2022 60:37


We spend today's show covering Federal Reserve Chairman Jerome Powell's live testimony on monetary policy before the House Financial Services Committee, discussing inflation, quantitative tightening, unemployment and more.

The Ben Shapiro Show
Ep. 1521 - Joe Biden's Gas Problem

The Ben Shapiro Show

Play Episode Listen Later Jun 23, 2022 48:32


Joe Biden tries to push a gas tax holiday to combat high prices at the pump, but even some Democrats aren't biting; Fed Chair Jerome Powell admits a recession may be on the way; and The New York Times completely botches the data on how mass shooters are stopped. Watch our Summer blockbuster “Terror on the Prairie” with Gina Carano: https://utm.io/ueFOe     Watch Matt Walsh's new Daily Wire original documentary “What Is A Woman?” at whatisawoman.com, and pick up your copy of the “What Is A Woman?” book here: https://utm.io/ueFMe   Join us for Backstage Live At The Ryman on June 29th. Get your tickets now: https://utm.io/uezFr     — Today's Sponsors: Protect your online privacy with ExpressVPN. Visit EXPRESSVPN.com/BEN for 3 Months FREE. With an Alto Crypto IRA, you can trade crypto like Bitcoin, and avoid or defer the taxes. Open your Alto CryptoIRA account for as little as $10 at altoIRA.com/BEN. Helix Mattresses are made to match your unique sleep preferences. Go to HelixSleep.com/BEN and get up to $200 OFF + 2 FREE pillows with all mattress orders! Stop funding woke corporate agendas. Switch to PureTalk instead. Go to puretalk.com and enter code "SHAPIRO" for 50% off your first month. ZipRecruiter makes hiring so much easier because they do the work for you. Try it for FREE at ziprecruiter.com/dailywire. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Lance Roberts' Real Investment Hour
Fighting Elizabeth Warren

Lance Roberts' Real Investment Hour

Play Episode Listen Later Jun 23, 2022 47:52


(6/23/22) The end of June--and end of the Quarter looms: Can markets continue to rally despite a defined downtrend? Political Season is coming; populace votes according to pocketbook; solution to high energy prices is in the need for creating an environment more conducive to oil production: Stop villainizing oil companies. Houston Heat & Landscape; Jerome Powell vs Elizabeth Warren; difference between recession & depression; running the economy over a cliff; a bear market will make you want to get out of the market; the importance of exposure to equities all the time. Risk management vs risk aversion. SEG-1: Market Potential for Rally, Remain in Defined Downtrend SEG-2: Oil Prices & Politics SEG-3: Jerome Powell's Battle w Inflation & Elizabeth Warren SEG-4: What Bear markets Make You Want to Do RIA Advisors Chief Investment Strategist Lance Roberts, CIO -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=fhjGYdhEm9U&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2590s -------- Our Latest "Three Minutes on Markets & Money: Have Markets Priced-in Recession?" is here: https://www.youtube.com/watch?v=3oh5QfrxQuc&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1 -------- Our previous show, "Who Sets the Price for Gasoline You Pay?" is here: https://www.youtube.com/watch?v=Zm24yVS5eG8&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #Inflation #Jerome Powell #FederalReserve #ElizabethWarren #Recession #Markets #Money #Investing

The Real Investment Show Podcast
Fighting Elizabeth Warren

The Real Investment Show Podcast

Play Episode Listen Later Jun 23, 2022 47:53


(6/23/22) The end of June--and end of the Quarter looms: Can markets continue to rally despite a defined downtrend? Political Season is coming; populace votes according to pocketbook; solution to high energy prices is in the need for creating an environment more conducive to oil production: Stop villainizing oil companies. Houston Heat & Landscape; Jerome Powell vs Elizabeth Warren; difference between recession & depression; running the economy over a cliff; a bear market will make you want to get out of the market; the importance of exposure to equities all the time. Risk management vs risk aversion. SEG-1: Market Potential for Rally, Remain in Defined Downtrend SEG-2: Oil Prices & Politics SEG-3: Jerome Powell's Battle w Inflation & Elizabeth Warren SEG-4: What Bear markets Make You Want to Do RIA Advisors Chief Investment Strategist Lance Roberts, CIO -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=fhjGYdhEm9U&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2590s -------- Our Latest "Three Minutes on Markets & Money: Have Markets Priced-in Recession?" is here: https://www.youtube.com/watch?v=3oh5QfrxQuc&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1 -------- Our previous show, "Who Sets the Price for Gasoline You Pay?" is here: https://www.youtube.com/watch?v=Zm24yVS5eG8&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #Inflation #Jerome Powell #FederalReserve #ElizabethWarren #Recession #Markets #Money #Investing

Rich Zeoli
Biden Remains in Denial Over Inflation As Fed Chair Breaks From His Talking Point (Full Zeoli Show 06-23-22)

Rich Zeoli

Play Episode Listen Later Jun 23, 2022 197:44


6:03-NEWS 6:08-Supporters come out in force for Martin's Potato Rolls  6:37-Work advantages thanks to remote work 6:50-Biden says we have to be prepared for the "next pandemic"  7:01-NEWS 7:08-How to prevent the spread of monkeypox  7:32-New gun law reinforces unconstitutional  red flag laws  7:45- CUT SHEET | Biden blames individual gas station owners for the high gas prices | Biden says it is nonsense Republicans are saying he's preventing the production of oil and blaming him for high gas prices | Western PA gas station drops gas prices to $2.38/gallon | Flashback to when Obama said eliminating the gas tax is a gimmick |  8:13-New Jersey wants to raise the age of purchasing a firearm  8:25-NEWS 8:47-Former Star Wars star Gena Carano is not letting her career get canceled.  8:54-Washington Commanders' owner Dan Snyder did his own shadow investigation into sexual harassments claims at the franchise.  9:02-NEWS 9:05-President of the Save LBI Bob Stern, joined Rich to discuss the installation of windmills along the New Jersey shore that would disrupt the area including fisheries and wildlife areas.  9:17-New Jersey shore is having trouble having trouble finding housing for international workers  9:40- CUT SHEET | Senator Bob Menendez only questions Fed Chair Jerome Powell on the diversity of bank leadership instead of rising inflation | Fed Chair Jerome Powell then breaks from Biden talking point on blaming Putin for inflation | Senator Elizabeth Warren asks Jerome Powell if food prices will go down with a rise in interest rates | Back to the future: The Musical  9:55-Final Thoughts Photo by: Win McNamee / Staff

Rich Zeoli
Fed Chair Powell Breaks From Biden on Blaming Putin for Inflation

Rich Zeoli

Play Episode Listen Later Jun 23, 2022 51:09


9:02-NEWS 9:05-President of the Save LBI Bob Stern, joined Rich to discuss the installation of windmills along the New Jersey shore that would disrupt the area including fisheries and wildlife areas.  9:17-New Jersey shore is having trouble having trouble finding housing for international workers  9:40- CUT SHEET | Senator Bob Menendez only questions Fed Chair Jerome Powell on the diversity of bank leadership instead of rising inflation | Fed Chair Jerome Powell then breaks from Biden talking point on blaming Putin for inflation | Senator Elizabeth Warren asks Jerome Powell if food prices will go down with a rise in interest rates | Back to the future: The Musical  9:55-Final Thoughts Photo by: Win McNamee / Staff

Tony Katz + The Morning News
Popcorn Moment: Fed Chair Jerome Powell Admits Inflation Was High Before Ukraine Invasion

Tony Katz + The Morning News

Play Episode Listen Later Jun 23, 2022 6:24


See omnystudio.com/listener for privacy information.

The Real Investment Show Podcast
Have Markets Priced-in Recession?

The Real Investment Show Podcast

Play Episode Listen Later Jun 23, 2022 4:17


(6/23/22) Fed Chair Jerome Powell's testimony Wednesday that he might have to create a recession to contain inflation roiled markets, and he's set for a second round today. Futures have been reversing early losses, and the question now is whether markets can keep it up. We contend that any rally should be sold-in to; selling pressure continues to appear in these rallies because of so many investors feeling trapped, looking for any relief. We're looking for markets to rally back to the 20-DMA and 50DMA, somewhere between 3,950 and 4,000. Markets continue to price-in what's going on economically, but have not yet priced-in a recession, nor the decline in earnings estimates that has to occur as the economy slows. In turn, prices will have to decline as adjustments are made for lower earnings. Similarly, yields have not yet priced-in a recession; we're looking for interest rates to fall sharply to 2-1/2%. Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ -------- Watch the video version of this report by subscribing to our YouTube channel: https://www.youtube.com/watch?v=3oh5QfrxQuc&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1 ------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #Recession #Inflation #InterestRates #OilPrices #MarketRally #Markets #Money #Investing

NewsWare‘s Trade Talk
NewsWare's Trade Talk: Thursday, June 23

NewsWare‘s Trade Talk

Play Episode Listen Later Jun 23, 2022 17:02


S&P Futures are positive this morning in the pre-market as stocks in the technology sector are moving higher. Oil prices remain weak as the CEO's of the major oil companies are headed to the White House for talks on oil prices. Fed Chairman Jerome Powell is scheduled to meet with Congressional leaders today. Also this morning we have the weekly jobless claims report being released. The weekly report from the EIA on oil stockpiles is being delayed due to system problems.

Marketplace All-in-One
Inflation and recession loom over Fed Chair Powell’s trip to Congress

Marketplace All-in-One

Play Episode Listen Later Jun 23, 2022 7:49


Fed Chair Jerome Powell told the Senate Banking Committee on Wednesday that recession is possible, and he’s expected to testify before the House Financial Services Committee today as part of his twice-a-year report to Congress on monetary policy. The Oscar-nominated documentary “Ascension” examines the concept of the Chinese dream through the lens of several people woven into its shifting economy. China correspondent Jennifer Pak discusses how Chinese society is actively manifesting that dream. Your donation powers the journalism you rely on. Give today to support Marketplace Morning Report.

Marketplace Morning Report
Inflation and recession loom over Fed Chair Powell’s trip to Congress

Marketplace Morning Report

Play Episode Listen Later Jun 23, 2022 7:49


Fed Chair Jerome Powell told the Senate Banking Committee on Wednesday that recession is possible, and he’s expected to testify before the House Financial Services Committee today as part of his twice-a-year report to Congress on monetary policy. The Oscar-nominated documentary “Ascension” examines the concept of the Chinese dream through the lens of several people woven into its shifting economy. China correspondent Jennifer Pak discusses how Chinese society is actively manifesting that dream. Your donation powers the journalism you rely on. Give today to support Marketplace Morning Report.

Red Eye Radio
Red Eye Radio 6/23/22 Part 1

Red Eye Radio

Play Episode Listen Later Jun 23, 2022 108:33


Fed Chair Jerome Powell says most inflation happened pre-Ukraine; Who the democrats want to run in 2024; Washington Post columnist: Stop whining, you have your savings; President Biden claims "second pandemic coming." See omnystudio.com/listener for privacy information.

Rambling Mind
Jerome Powell vs Congress, Gas Tax Holiday

Rambling Mind

Play Episode Listen Later Jun 23, 2022 27:28


Topics Discussed: Reverse Reverse - The EU turns coal plants back on Overlearning Lessons - The Energy Crisis is caused by the Recession of 2008 Apple's First Union Texas Boot Stats for the Week $19 million $51 million $408,000 2024 Find me on more platforms: beacons.ai/kelechiwuaba If you have questions email me at kelechi@ramblingmindshow.com Join the Discord: discord.gg/4Qj2pQ4 --- Send in a voice message: https://anchor.fm/ramblingmind/message

Daily Signal News
How Operation Warp Speed Got Vaccines Out in Less Than a Year

Daily Signal News

Play Episode Listen Later Jun 23, 2022 23:39


Operation Warp Speed was an unprecedented fusion of government and private industry to create a vaccine against COVID-19. What normally would take four or five years to accomplish was done in less than one.Paul Mango, then deputy chief of staff for the Department of Health and Human Services, was there to make sure everything happened according to plan. Under President Donald Trump, Mango was the liaison to Operation Warp Speed.Mango joins "The Daily Signal Podcast" to detail how the vaccines were developed and to discuss his new book “Warp Speed: Inside the Operation That Beat COVID, the Critics, and the Odds.”We also cover these stories:Two top House Republicans say they won't support the Senate's new legislation restricting gun ownership.Federal Reserve Chair Jerome Powell admits that raising interest rates could trigger a recession, but says “it is essential that we bring inflation down.”President Joe Biden calls on Congress to suspend the federal gas tax for three months. See acast.com/privacy for privacy and opt-out information.

Public News Service
2022Talks - June 23, 2022

Public News Service

Play Episode Listen Later Jun 23, 2022 3:00


President Biden calls for a three-month suspension of the federal gas tax, Fed chair Jerome Powell says a recession is a possibility, and Sen. Mitch McConnell expresses his support for the bipartisan gun bill.

FT News Briefing
Can all of Africa get access to electricity?

FT News Briefing

Play Episode Listen Later Jun 23, 2022 8:43


US stocks stay fairly flat after Fed Chair Jerome Powell testifies in Congress, a Ukrainian-made drone hits an oil refinery in Russia, and the International Energy Agency says investing $25 billion annually could lead to universal electricity access in Africa by the end of the decade. Mentioned in this podcast:Jay Powell warns US recession is ‘certainly a possibility'‘Kamikaze' drone strike hits oil refinery in southern RussiaAfrica needs $25bn a year of investment to boost energy provision, says IEA chiefThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show's editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show's theme song is by Metaphor Music. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley.Read a transcript of this episode on FT.com See acast.com/privacy for privacy and opt-out information.

Make Me Smart with Kai and Molly
Are recessions normal?

Make Me Smart with Kai and Molly

Play Episode Listen Later Jun 23, 2022 22:22


Recessions are on lots of people’s minds these days, including Jerome Powell’s. The Federal Reserve chief told Congress on Wednesday that a recession is a “possibility” as the Fed tries to tame inflation. So today, a listener wonders whether recessions are inevitable in our modern economy. We’ll break it down. Plus, we take more of your questions about the effectiveness of gas boycotts, why the Sunshine State — Florida — isn’t leading on solar energy and Kimberly’s favorite cocktail ingredient, bitters! Here’s everything we talked about today: FAQs on recessions from the National Bureau of Economic Research “Odds of a recession rising but vary widely” from Marketplace “Why isn’t the Sunshine State the leader in using solar power?” from The Sun-Sentinel “Would a Gas Boycott Actually Lower Prices at the Pump?” from Money magazine “

Marketplace All-in-One
Are recessions normal?

Marketplace All-in-One

Play Episode Listen Later Jun 23, 2022 22:22


Recessions are on lots of people’s minds these days, including Jerome Powell’s. The Federal Reserve chief told Congress on Wednesday that a recession is a “possibility” as the Fed tries to tame inflation. So today, a listener wonders whether recessions are inevitable in our modern economy. We’ll break it down. Plus, we take more of your questions about the effectiveness of gas boycotts, why the Sunshine State — Florida — isn’t leading on solar energy and Kimberly’s favorite cocktail ingredient, bitters! Here’s everything we talked about today: FAQs on recessions from the National Bureau of Economic Research “Odds of a recession rising but vary widely” from Marketplace “Why isn’t the Sunshine State the leader in using solar power?” from The Sun-Sentinel “Would a Gas Boycott Actually Lower Prices at the Pump?” from Money magazine “

The Indicator from Planet Money
What took the Fed so long?

The Indicator from Planet Money

Play Episode Listen Later Jun 23, 2022 9:38


What took the Fed so long to address high inflation? Today on the show, we're exploring six reasons behind the Fed's hesitancy to hike interest rates, according to Bill Nelson, who spent two decades working for the Federal Reserve. For more background, check out our episode last week, Jerome Powell's ghosts.

Real Vision Presents...
The Reality Is Higher Rates Slow Growth

Real Vision Presents...

Play Episode Listen Later Jun 22, 2022 34:10


Federal Reserve Chair Jerome Powell, testifying before Congress on Wednesday, said the central bank is “strongly committed” to bringing down inflation and can do so with its monetary policy tools. He also acknowledged that engineering a “soft landing” will be “very challenging.” Indeed, Bill Dudley, a former Fed governor, wrote today that “a recession is inevitable within the next 12 to 18 months.” Meanwhile, West Texas Intermediate crude oil declined, as President Joe Biden floated a three-month federal gasoline tax holiday. The three major U.S. indexes held modest gains approaching the closing bell, as investors saw room in Powell's words for a sooner-than-expected dovish turn. Darius Dale, founder and CEO of 42 Macro, joins Real Vision's Maggie Lake to talk about the effort to control inflation without constraining growth and the market's reaction to Powell's testimony. We also hear from Tian Yang about the issue of the Fed's credibility. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3Ndy8Eh. And be on the lookout for Thursday's release of the full Expert View session featuring Tian Yang. Learn more about your ad choices. Visit megaphone.fm/adchoices

PBS NewsHour - Segments
News Wrap: Fed Chair Powell defends aggressive rate hikes, admits recession is possible

PBS NewsHour - Segments

Play Episode Listen Later Jun 22, 2022 3:23


In our news wrap Wednesday, Federal Reserve Chair Jerome Powell pledged to raise interest rates enough to douse inflation without sparking a recession, Russian artillery battered Kharkiv in Ukraine's northeast, Sri Lanka's prime minister declared his nation's economy is in complete collapse and asked for foreign assistance, and Yellowstone National Park partially reopened after record flooding. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders

CNN News Briefing
5 PM ET: Gas tax suspension, murder conviction overturned, Kraft Mac & more

CNN News Briefing

Play Episode Listen Later Jun 22, 2022 4:18


We start with President Joe Biden's plan to lower gas prices in the US. Plus, senators grilled Fed Chairman Jerome Powell over the central bank's interest rate hikes. A state supreme court overturned the murder conviction of a man whose son died in a hot car. Then, we'll hear from a woman who survived a deadly earthquake in Afghanistan. Lastly, Kraft Macaroni & Cheese is rebranding a household staple. To learn more about how CNN protects listener privacy, visit cnn.com/privacy

CNN News Briefing
12 PM ET: Gas tax holiday downsides, Powell on inflation, US tackles tobacco & more

CNN News Briefing

Play Episode Listen Later Jun 22, 2022 4:18


Amid high US gas prices, President Joe Biden is expected to ask Congress to approve a three-month gas tax holiday – we'll tell you what that could mean for you and why it might cause more harm than good. Federal Reserve Chairman Jerome Powell is testifying before a Senate Committee today on inflation. Afghanistan was hit by a deadly earthquake – we'll tell you what other regions saw devastation today too. Brooklyn Center, Minnesota will pay a settlement to the family of a Black man who was shot and killed by a former police officer. Plus, the Biden administration is planning on taking on Big Tobacco. To learn more about how CNN protects listener privacy, visit cnn.com/privacy

The Ricochet Audio Network Superfeed
Daily Signal Podcast: Inflation Continues to Clobber Us. Can the Fed Help?

The Ricochet Audio Network Superfeed

Play Episode Listen Later Jun 22, 2022


Americans continue to suffer from sky-high inflation. In an attempt to avert some of the worst consequences, Federal Reserve Chair Jerome Powell raised interest rates by .75%. But is this enough? And what else can the Biden administration be doing to curb inflation? Dave Brat, dean at the Liberty University School of Business and a […]

Daily Signal News
Inflation Continues to Clobber Us. Can the Fed Help?

Daily Signal News

Play Episode Listen Later Jun 22, 2022 27:56


Americans continue to suffer from sky-high inflation. In an attempt to avert some of the worst consequences, Federal Reserve Chair Jerome Powell raised interest rates by .75%.But is this enough? And what else can the Biden administration be doing to curb inflation?Dave Brat, dean at the Liberty University School of Business and a former Virginia congressman, thinks this is a good start, but that officials must do more. Brat, whose doctorate is in economics, also says it's mostly the Fed's fault anyway for getting us into this situation in the first place."The Fed's had 0% interest rate for 10 years and created this everything bubble," Brat says. "So now it's not just real estate, it's stocks, bonds, commodities. Everything's overvalued and it's going to pop. And that's a disaster. So the Fed's walking a tight rope."Brat joins "The Daily Signal Podcast" to discuss the intricate workings of the U.S. economy and what the Fed and the Biden administration can be doing to fix it.We also cover these stories:The director of the Texas Department of Public Safety tells state senators that law enforcement's response to the Uvalde school shooting was an "abject failure."Supreme Court Justice Sonia Sotomayor accuses the court's conservative members of eroding the barrier between church and state.Twitter's board recommends to shareholders that they go ahead with selling the company to entrepreneur Elon Musk for $44 billion. See acast.com/privacy for privacy and opt-out information.

Real Estate News: Real Estate Investing Podcast
Real Estate News Brief: Supersized Rate Hike, Mortgage Sticker Shock, Home Equity Bonanza

Real Estate News: Real Estate Investing Podcast

Play Episode Listen Later Jun 22, 2022 6:09


In this Real Estate News Brief for the week ending June 18th, 2022... the Fed's supersized rate hike, mortgage rate sticker shock, and the home equity bonanza.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.Economic NewsWe begin with economic news from this past week, and the Fed's biggest rate hike in three decades. The central bank hiked the federal funds rate by three-quarters of a percent which puts it between 1.5% and 1.75%. If inflation doesn't show signs of slowing by next month, Fed Chief Jerome Powell said they might hike it by another three-quarters of a percent. He doesn't expect that to be a common practice, but he said the Fed is determined to get inflation back down to 2%. (1)The rate hike came after two more hot inflation reports. The Consumer Price Index shows that inflation hit an annual rate of 8.6% in May, while wholesale prices came in at 10.8%. Economists are now looking ahead to the CPI report for June as they anticipate the size of the next rate hike and whether higher rates will tip the economy into a recession. As reported by MarketWatch, the Fed has backed off the idea of a “soft landing” and is running the risk of a recession to get inflation under control. (2)The Fed is currently expecting the economy to slow to 1.7% over the next year-and-a-half with inflation running at 5.2% by the end of this year and 2.6% by the end of next year. It anticipates a slight rise in unemployment, but expects the job market to remain strong.Right now, jobless claims are low while job openings are high. There have been some reports of layoffs, which is contributing to recession anxiety. Last week, real estate companies Redfin and Compass announced layoffs, in response to a slower housing market. Redfin is cutting 8% of its staff, and Compass is cutting 10% because fewer people are buying homes. Many can't afford the high price of the home combined with a more expensive mortgage. (3)The housing slowdown is also impacting residential construction. The Commerce Department says that housing starts dropped 14.4% in May to an annual rate of 1.55 million. That's the biggest decline since April of last year. Multi-family starts dropped the most - by 26.8%. Single-family starts were down 9.2%. Permits also fell but only by 7%. (4)Mortgage RatesMortgage rates bolted higher last week, for the largest one-week increase since 1987. Freddie Mac says the average 30-year fixed-rate mortgage rose 55 basis points to 5.78%. The 15-year was up 43 points to 4.81%. On a positive note, higher mortgage rates will help control the crazy home price growth we've seen lately. (5)In other news making headlines…Mortgage Rate Sticker ShockThe rapid rise in mortgage rates is giving some homebuyers sticker shock. Even though mortgage rates are nowhere as high as they were decades ago, they are at their highest level since about 2008. And that's cutting into homebuyer budgets. (6)The National Association of Realtors says that higher interest rates have chopped about 25% off the homebuyer's budget since the beginning of the year. As an example, NAR says that the typical buyer could afford a $360,000 home with a $1,400 monthly mortgage payment in January. Now, with higher interest rates, that buyer will have to shop for a $270,000 home if they want to maintain a $1,400 a month payment because a larger portion of the mortgage will go toward interest.Homebuyers Are Embracing ARMsOne way that homebuyers are dealing with the cost of the loan, is by choosing an adjustable rate mortgage or what's known as an ARM. The Mortgage Bankers Association says that the number of ARMs doubled in May, to help keep initial payments lower. They were as much as a full point lower on the MAXEX exchange. (7)According to the loan-trading platform, MAXEX is a network of 320 banks and nonbank originators, as well as 20 “high-profile investors.” It says these lenders have been seeing explosive growth in ARMs and it expects the trend to continue.Big Equity Gains for HomeownersWhile price appreciation makes it tough to buy a home, most homeowners are feeling a whole lot richer. According to a CoreLogic report, 62% of all U.S. properties rose in value with an average gain of about $64,000. (8)The states with the highest amount of appreciation were California and Hawaii with an average of about $140,000. Other red-hot states were Washington, Arizona, Utah, Colorado, and Nevada. The states with the lowest amount of average appreciation were Iowa at $17,000 and North Dakota at $19,000. That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review!I'd also like to recommend a new book called “The Wise Investor” by RealWealth co-founder Rich Fettke. He wrote the book as an entertaining way to share what he's learned about creating wealth both financially and personally. The protagonist is a man who realizes his life is nothing like he had planned and sets off to change that. The reader is swept along for the ride. It's a quick read, and is currently available as a Kindle book on Amazon. The hard cover and audio versions are coming out in August but you can pre-order them now. You can also read more about the book here. (at realwealth.com/grow)Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.marketwatch.com/story/fed-lifts-rates-by-most-in-three-decades-anticipates-policy-rate-rising-to-3-8-by-end-of-2023-11655316254?mod=mw_latestnews2 -https://www.marketwatch.com/story/as-fed-aggressively-raises-rates-here-are-4-takeaways-from-jerome-powells-press-conference-11655340311?mod=economy-politics3 -https://www.cnn.com/2022/06/17/investing/premarket-stocks-trading/index.html4 -https://www.marketwatch.com/story/u-s-housing-starts-plunge-in-may-11655383118?mod=u.s.-economic-calendar5 -https://www.freddiemac.com/pmms6 -https://magazine.realtor/daily-news/2022/06/17/surging-mortgage-rates-spook-house-hunters7 -https://www.housingwire.com/articles/maxex-report-shows-arms-doubled-in-may/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_medium=email&_hsmi=216674568&_hsenc=p2ANqtz--7Is5ehx6QK5u6f15i-lFl9EfIiIrNoDk029qwgACHkfo3hZfA7lCOZovmqBlflCXrRa7iSat3Dq_i5TwJHWqKqwqWlQ&utm_content=216674568&utm_source=hs_email8 -https://magazine.realtor/daily-news/2022/06/10/homeowners-see-12-month-equity-gain-of-64k