Live Breaking News & Updates on Basis Points Hikes
Stay updated with breaking news from Basis points hikes. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
powell tries to force down inflation. let s get right to it. joining me now is full disclosure host, robin, have we gotten the number yet? lass it come out? or are we still waiting? still waiting for it to come out. we re waiting, all right. another 75. 75 basis points. what is that going to mean? i got it tell you, i got a song in my heart, special thanks to the bee gees. because we re dealing with the cpi that s still high and the fed will have to hike which we just won t like la la, la, la. and did i just destroy my career? i loved every moment of it. oh, the title is called how deep is this inflation? i really want to know. and that s the question on everybody s mind. are we going to go to 5%? 6, 7%? how deep is the buying power and consumer demand in this economy that we have to snuff out and i don t think mr. powell knows. we have it official. three quarters of a point. 75 basis points. i was talking to steve retner today about when the bottom is a ....
i am velshi, it is the last time hurt in the january six committee. the committee is set to resume the hearings this week, laying out more findings from its year long investigation of the insurrection at the capitol. donald trump is desperate and illegal attempt to cling to power. the next hearing assad for this coming wednesday september 28th. that s one of the afternoon. over the last few days, members of the committee a participated in something called the texas tribune festival in, austin texas. they make comments about their investigation, given hints of what might be to come. here s with the democratic congressman of maryland said during his appearance. bannon said the night before tomorrow, all hell is going to break loose. it s not going to go down the way that anyone thinks it s going to go down. there are clearly people who understood the preparations that were taking place. if you think you almost knock over the government of the united states spontaneo ....
Blame them from from ppp and enhanced unemployment insurance? in hindsight the benefit of 2020, there was way too much stimulus crammed down the system and the fed remained at zero for way too long and it is now belatedly, with 75 basis points hikes, that is emergency takeback and it may betrayed the fact that the fed is maybe not necessarily ahead of the curve and maybe they don t know what they re doing. how long does it take to cycle these things, to see the effects? i don t know what normal is. i don t know. i m not sure that we fully felt the four or five that have been crammed down the system so far. certainly housing has with mortgages above 7%. certainly we feel headline inflation at the grocery store, things that are up 20, 30, 35%. you feel it all the time with gas and housing prices, and everything. but these things do have a lag, and now i think the risk might be i m balanced toward overshooting. what if you hike too much, are you going to have to announce a ....
The this concept that concept that this inflation inflation was was transitory. now it is so now it is slamming on the brakes. slamming on the we have brakes. we ve never had never had three successive three successive 75 basis 75 basis points hikes that point hikes as we ve we ve had this year. had this year. the fed so the fed has no has no choice, unfortunately choice, unfortunately. , but to raise aggressively. because it is but too because it s late. and late. therefore there will be there will be collateral collateral damage. i agree damage. and i agree with with lori, it s very lori. it s very disturbing to disturbing to people to people read that the that you people you trust trust to who deliver deliver good good economic outcomes are telling economic are you, i m going to raise telling you i m gonna raise unemployment. unemployment. people people can t compete can t compute. that that. what do you what do you mean? you re mean? you re supposed supposed to be guiding us ....
Mistake or he is not fit for the job. he is not an economist. that s for sure. 100 basis points hikes, the dollar goes up by 8%. and it s going to cost half a point of growth or more and hundreds of thousands of jobs. that s not goods for the american people. i think he s got the message. wall street huss given him the messages. his member of the board of governors have given the message. the president has given the the message. he has dovish today. do you think part of the problem is the sanctions on the trade war that you all have the talk that you ve been doing caused the economy to weaken and caused powell to have to move the other way. so the economy has not weakened. would you consider that that s the way it s going. there is nothing to suggest that the economy has weakened. we had record numbers on the unemployment rate. but what i like to do is as wayne gretsky said is skate where the public is going to be. i worry when the fed raises ....