Jerome Powell - Chairman of The Federal Reserve - just announced his thoughts on the economy, the stimulus package and the outlook moving forward - enjoy! Add me on Instagram: GPStephan
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For anyone not aware, The Federal reserve is the almighty power that influences some MAJOR aspects of our economy:
-First, they monitor and manage the inflation of our currency
-Second, the Federal Reserve also regulates banking activities, and ensures that they operate within a strict set of guidelines.
-Third, they’ll provide banking services and other policies to ensure financial stability within the markets.
The Federal Reserve Chairman, Jerome Powell, said that interest rates will remain UNCHANGED, near ZERO, and will employ its “full range of tools" to support the US economy as the illness continues to wreak havoc on the US.
https://www.cnn.com/2020/04/29/economy/federal-reserve-april-meeting/index.html
They also said that they’ll “keeping buying Treasury and mortgage bonds to help keep rates low and ensure that companies can continue to lend easily.”
https://www.1011now.com/content/news/Fed-signals-it-will-likely-hold-interest-rates-near-zero-for-months-570047581.html
In other words…all that means is this: The Federal Reserve has made it clear that they will do EVERYTHING they can to make sure our economy doesn’t completely fall apart, and they’ll ensure that things won’t get too bad. After all, at least in the short term - it would be a LOT more devastating if people didn’t have any money, they were shut down, they weren’t working, they lost their house, banks stopped lending, businesses couldn’t stay open, and that - in turn - causes a massive spiral downwards.
And given that, though…it does bring up the eventual concern about INFLATION or DEFLATION - because, if so much money is pouring into our economy all at once, while people are losing jobs, EVENTUALLY…that money has to come from somewhere, right?
Now, even though this concern was addressed by a reporter during their press release, and Jerome Powell responded by saying that they’re closely monitoring the situation and will aim to do everything in their power to maintain a steady 2% inflation rate…EVENTUALLY, in my own opinion as some guy on the internet…something has to change.
Until then, I’d say DEFLATION is likely going to be the biggest concern - my video here: https://youtu.be/GRcRmmqByjc
During the press release, it was also brought up that The Federal Reserve is essentially “propping up the stock market” with these fiscal policies…and to that, Jerome Powell responded by saying that (Paraphrased) “That’s not the main concern, and right now - it’s more important to make sure businesses are able to stay afloat and keep people employed, than worry about the stock market becoming disconnected by reality.”
Only time will tell how this plays out…but, they’ve made it very apparent that their number one concern is: make sure everything is okay, FIRST…and then, once all of this blows over…we can address potential inflation, paying down the debt, and picking up the pieces…LATER.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1400): https://act.webull.com/k/Vowbik9Tm5he/main
NEW: JOIN THE WEEKLY MENTORSHIP - https://the-real-estate-agent-academy.teachable.com/p/graham-stephan-mentorship-program/
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
For anyone not aware, The Federal reserve is the almighty power that influences some MAJOR aspects of our economy:
-First, they monitor and manage the inflation of our currency
-Second, the Federal Reserve also regulates banking activities, and ensures that they operate within a strict set of guidelines.
-Third, they’ll provide banking services and other policies to ensure financial stability within the markets.
The Federal Reserve Chairman, Jerome Powell, said that interest rates will remain UNCHANGED, near ZERO, and will employ its “full range of tools" to support the US economy as the illness continues to wreak havoc on the US.
https://www.cnn.com/2020/04/29/economy/federal-reserve-april-meeting/index.html
They also said that they’ll “keeping buying Treasury and mortgage bonds to help keep rates low and ensure that companies can continue to lend easily.”
https://www.1011now.com/content/news/Fed-signals-it-will-likely-hold-interest-rates-near-zero-for-months-570047581.html
In other words…all that means is this: The Federal Reserve has made it clear that they will do EVERYTHING they can to make sure our economy doesn’t completely fall apart, and they’ll ensure that things won’t get too bad. After all, at least in the short term - it would be a LOT more devastating if people didn’t have any money, they were shut down, they weren’t working, they lost their house, banks stopped lending, businesses couldn’t stay open, and that - in turn - causes a massive spiral downwards.
And given that, though…it does bring up the eventual concern about INFLATION or DEFLATION - because, if so much money is pouring into our economy all at once, while people are losing jobs, EVENTUALLY…that money has to come from somewhere, right?
Now, even though this concern was addressed by a reporter during their press release, and Jerome Powell responded by saying that they’re closely monitoring the situation and will aim to do everything in their power to maintain a steady 2% inflation rate…EVENTUALLY, in my own opinion as some guy on the internet…something has to change.
Until then, I’d say DEFLATION is likely going to be the biggest concern - my video here: https://youtu.be/GRcRmmqByjc
During the press release, it was also brought up that The Federal Reserve is essentially “propping up the stock market” with these fiscal policies…and to that, Jerome Powell responded by saying that (Paraphrased) “That’s not the main concern, and right now - it’s more important to make sure businesses are able to stay afloat and keep people employed, than worry about the stock market becoming disconnected by reality.”
Only time will tell how this plays out…but, they’ve made it very apparent that their number one concern is: make sure everything is okay, FIRST…and then, once all of this blows over…we can address potential inflation, paying down the debt, and picking up the pieces…LATER.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Do a quick google search for ECOM BAZZOID someone posted your courses Graham
Do a quick google search for ECOM BAZZOID someone posted your courses Graham
Awesome perspective to be ahead of the curve explaining the possible problems of inflations will cause in the future . Also , great analogies being used in your stories to explain the business vernacular. Always on point with the proactive analysis also , I can’t say enough .. great content + deflation , inflation , vs Interest rate high & low!
Welcome to banana republic.
Show some love to my new video!
HULK SMASH BUTTON!!!!
the Fed is stealing from the world. US dollars need to be dethroned.
You remind me of that kid that got an A in class and obnoxiously crowed about it. Great video!
Got enough Ads on your 10 minute vid????
Just when I get the account set up the rate drops.
Graham, you really need to have Matt Cox on your channel. He has been on the "Koncrete" youtube channel (they used to cover Ben Mallah). Matt is mortguage fraud con artist but he is a very interesting person to listen to. I think it would be a great opportunity to create some new content. Viewers of the Koncrete channel can't get enough of Matt Cox
I might have to start diversifying some of my money now, I heard the Japanese yen is pretty good.
Once they put the money to the everyday people who actually need it, it will by definition create inflation and the fed could easily lose control. It has happened in the 70’s and could very easily happen again. This round of spending is so large that it is hard to even get ones mind around it, that while not looking to stop anytime soon. If the Federal Reserve (which is a PRIVATE institution of banks, not a government agency) could not control it in the past at a much much much lower amount, how can they stop it now, especially with how short sighted they are looking?
Why banking with Wells Fargo is not a good idea?
When they are printing so much money, at some point interest rates have to go up and we will end up paying more in tax or other consequences such as reduction in Ss benefits. Would like to hear ur thoughts on what happens when debt to gdp ratio shoots up beyond 150%
Why is this in my notifications 4 days late XD
How did you do that Tony Robbins voiceover? That was the greatest thing I’ve ever seen in a YouTube video.
Love the videos, but I am getting 3 ad blocks for a 10 min video. YouTube needs to relax the ads for this channel!
Sooooo you’re on vladtv now?
Another Youtuber talking about stimulus check. Next please 😠😠😠😠 redundant
Yeah falling prices is terrible for the economy. I hate it when I can buy cheap things from the shops, it's supper annoying.
There is no drink?
What happens when people wake up and don’t buy US Treasuries. Fed has to print. The printing money is not a cure all. If it was, Zimbabwe would rule the world. The covid will turn out to be no worse than a bad flu
Central banking is central planning. And not capitalism
Screw USA now It’s FWO #1. The Federal World Order is going to keep the world secured and running they have won. Soon you will have 5G and UBI your just another Number and they will do the Math and Lump sum you Owe them due to government spending habits wether you like it or not. The Spice must flow or your Ships shall Sink.
They're not going to continue stimulus checks if pandemic restrictions are lifted… there's simply no reason to. Maybe everyone is forgetting that?
What the Hell does this guy know? self declared financial advisor/ educator? Classic
WHY AREN'T ANY GOVERNMENT WORKERS BEING LAID-OFF?!
Pretty much what Europe have been doing for over 12 years now
Graham the Fed is killing the economy. And the decisions they made will hurt us more than help us. This is why anything economy wise I go to the likes of Peter Schiff and other.
Theft theft theft theft theft theft theft.
Talk is cheap. Time for heads to roll!
OK, wait a minute, what happens when mom and dad give you money that has no value. They eventually end up in jail.