The Fed Wants to Bankrupt Households and Crash the Markets

Federal Reserve Jerome Powell spoke at today at Jackson Hole during their annual retreat. By the way, it is so nice for them that they get a nice retreat in Jackson Hole Wyoming every single year despite the economic hardships that other Americans are going through, good for them right!?

He gave a speech that gave strong indications of the near future concerning monetary policy. If we look at directly what he said while looking in between the lines, we can see clearly what they plan to do. Bankrupting households and crashing the market!

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Timecodes
0:00 Video Overview
0:37 Intro
0:44 Restoring Price Stability Requires Policy Stance
1:30 Historical Record Against Loosening Policy
2:32 Restoring Inflation Is the Central Banks Focus
3:45 Increase in The Lending Rate Could Be Appropriate
4:42 Restoring Price Stability Will Take Time
5:47 Price Stability Needs Trend Growth and Weaker Labor Market
7:05 Bringing Down Inflation Will Bring Pain to Households and Businesses
8:27 Constant Improvement Can Guarantee Decrease in Inflation
11:34 Outro

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#JacksonHole #FedSpeech #JeromePowell