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MSNBC Loan Wolves June 4, 2024 04:30:00

And for what it s worth, tuition, as you well know, is triple what it was back then, but wages have stagnated. does that interest you at all? - yes, but not convincingly. - look, these people are paying their loans well into their 20s, 30s, and 40s, often even into their 50s right now. they re not buying homes as a result. they re buying cars later. they re starting families later. and powell, the fed reserve chair said there could be some macroeconomic problems that occur as a result of that. so do you think it s working? - i think it s yeah. i mean, you ve got 44 million borrowers. [inquisitive music] and so i think it works. - i had met the man behind the bankruptcy rule, and he was not backing down. - i still believe that the the right incentive is to say, there s a safeguard here. but you have a major responsibility to repay your loan. - for the next hour, he offered a range of opinions to support his position. - my daughter paid off her entire student loan. ....

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MSNBC Loan Wolves June 4, 2024 04:30:00

But they still aren t terribly high, and - i think sorry to interject, but i think it is possible for someone to have a tremendous amount of debt, not default, and still be struggling as a result of that. and for what it s worth, tuition, as you well know, is triple what it was back then, but wages have stagnated. does that interest you at all? - yes, but not convincingly. - look, these people are paying their loans well into their 20s, 30s, and 40s, often even into their 50s right now. they re not buying homes as a result. they re buying cars later. they re starting families later. and powell, the fed reserve chair said there could be some macroeconomic problems that occur as a result of that. so do you think it s working? - i think it s yeah. i mean, you ve got 44 million borrowers. [inquisitive music] and so i think it works. - i had met the man behind the bankruptcy rule, and he was not backing down. - i still believe that the the right incentive is to say, ....

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CNN CNN This Morning Weekend June 4, 2024 12:21:00

Still low by historical standards. we saw the most job gains in health care. manufacturing, and professional and technical services which includes positions in architecture, engineering and advertising. the trend of job creation is beginning to slow. but there is still underlying strength in the labor market which remains resilient, despite growing fears by many economists about a possible recession and efforts by the federal reserve to tamp down the pace of economic growth, as a way of fighting stubborn inflation. fed reserve chair jay powell has warned that the economy may need to shed jobs in order to bring price pressures under control. but so far the fed s string of large interest rate hikes hasn t stopped employers from working for more help. wages, a key metric the fed is also focusing on, that also continued to climb in october. though at a slower pace. higher wages can create inflationary pressure because ....

Health Care , Job Gains , Historical Standards , Labor Market , Job Creation , Federal Reserve , Price Pressures , Jay Powell , Fed Reserve Chair , Interest Rate Hikes ,

MSNBC Katy Tur Reports June 4, 2024 18:16:00

Of course over global inflation and surging interest rates. and the fed reserve chair jerome powell announcing earlier on this week, he is once again raising those interest rates by a substantial three quarters of a point. christina is joining us now, my gosh, it has been quite a week. obviously, like christina, folks are pretty scared. what he is happening? the sentiment is negative and you re seeing that reflected in the market. the dow hit a new nearly low. i m at the nasdaq. we re seeing a lot offal isoff with the tech spots. you mentioned the inflation. and we were concerned about inflation because it is so high. and now a lot of investors are concerned how aggressive our central bank will be going forward. you mentioned the increased interest rates by 75 basis points. and the thought process from what we just heard in their meeting is that they are going to do the same thing come november at the next meeting and that s what is concerning, because when you interest ....

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