Jerome powell here in york, pennsylvania last year, some relief. Shes Been paying a higher rate on the Credit Card she uses to fund her Business. My Interest Rates have gone up, so my monthly payments have increased tremendously, so i would like to see the Interest Rates come Back down. Whenjerome powell visited this market, the Federal Reserve was watching closely to see if its Big Interest Rate hikes really were cooling inflation, even though it was tough and small Businesses. Thats aBout to change. Mr powell and his colleagues are set to Interest Rates. In york, the arrival of autumn marks a change. After raising Interest Rates 11 times, americas Central Bank is all But certain to unwind that, But how quickly they go down from here is still up for graBs. Perfectly like this on your porch, and then we price it less than picking up the pumpkins themselves. At this farm shop, the reBirth of the economy, as inflation falls closer to the feds official target of 2 , is yet another moment
we need to find a way to end this, because our priorities for national security, of course, the border, which we talked about, and people like nikki haley care more about ukraine s border than she does about our own southern border, which is wrong. but we also have to look at what is the top threat to this country, it s the chinese communist party. we are not doing what we need to do to have adequate hard power in the indo-pacific. and here s the thing. we don t have enough resources, being 35 trillion dollars in debt, to continue doing hundreds of billions of dollars. we have to focus on our issues here at home. and we have to deal with the top threat we face, china. and then i wonder why you raise the debt when you are in congress. because we are all paying for that. this is a lie they re telling the american people over and over. again it is so wrong to say. this, they re saying you have to choose between ukraine or israel, or israel and securing the border. supporting ukraine is
your fellow house republicans, as you mentioned, you have already passed a bill that calls for 4. 5 trillion dollars in spending cuts over a decade. how much running room are you willing to give speaker mccarthy to give a deal? look. the speaker speaks for all of us, we passed legislation that is responsible for, like i said before, and i m getting him all the rope he needs to go over there and get a deal got done for us. but all within the structures of what we passed that we ve agreed upon. again, we are the ones who sent something over. he shouldn t be negotiating against us, the president needs to come down and sit at the table with a counter. look the president wants to extend this two years into 2025. if the president wants that he has to come we could offer, both of. we go, our path to hope for speaker mccarthy, it works for us in broad section of the conference, and we s prized a lot of people in this town and centered over or not a senate in the white house need to act. ye
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they needed to shore up capital, they wanted to sell those bonds, they weren t worth what they paid for them, now we ve got a situation where mid sized banks, regional banks are facing an issue, and they need liquidity, and unfortunately, you re in such a tenuous situation because all of the reckless spending by the biden administration, you re talking about 5 trillion dollars plus in borrowing, now we re facing a debt ceiling debate, and we re at a crisis because we ve got to raise the debt ceiling, all of this has just compounded the situation, and now we are seeing very nervous markets. the federal reserve and all the central banks of the world are facing off a real dilemma right now. do i stay on track and continue to try to stomp out inflation, by raising interest rates? or do i pivot, stop the raising of interest rates, and then try to focus on financial stability? that will be the focus this tuesday and wednesday when the federal reserve has its meeting. we re expecting another