When asked about job creation being just over 100,000 per month for the last three months, Powell noted that immigration into the US plays a part in job growth.
'Job creation depends on inflows,' said Powell. 'So if you're having millions of people come into the labor force and you're creating 100,000 jobs, you're going to see unemployment go up.
'So it really depends on what's the trend underlying the volatility of people coming into the country,' he continued.
'We understand there's been quite an influx across the borders, and that's been one of the things that has allowed the unemployment rate to rise.
'And the other thing is just the slower hiring rate which is something we also watch carefully. So it does depend on what is happening on the supply side.'
Maybe someone should inform Kamala about this
It means inflation is back?
16 years ago, the Fed had to repeatedly cut interest rates to avoid an economic depression after the “too big to fail” banks and investment firms had to be bailed out by GWB - the president who said he proudly said, “I’ve abandoned free-market principles to save the free-market system,” Bush told CNN television, saying he had made the decision “to make sure the economy doesn’t collapse.”
The Fed raised interest rates 11 times in ‘22 and ‘23 to prevent the inflation everyone worried about after C0vid-19 hit our economy.
It’s long past time for a cut.
It is totalitarian that interest rates can be set arbitrarily by a government cartel. Interest rates should be market driven by risk and reward as perceived by the lender.
Blatant election interference.
So if I wanted to lease a new car would my interest payments be lower?
Twitter thread…
Last 2 times the Fed’s first cut was 50+ bps:
🔸Jan 3, 2001
- S&P 500 fell ~39% next 448 days
- Unemployment rose another 2.1%
- Recession
🔸Sep 18, 2007
- S&P 500 fell ~54% next 372 days
- Unemployment rose another 5.3%
- Recession
What it means?, that I’m glad I locked in 5.35% CD’s in the last two weeks.
What it means is that if you are granny or anyone then you have no secure way for your savings to keep up with inflation. You Lose!
Another indicator that democrats are getting more and more desperate as we get closer to the election.
So, take the pressure off your wallet by borrowing more money…
PANIC!
Not good news- inflation will take off, Gold will rise. Watch the USD closely.
Because interests rates have little to do with the high costs in this economy, nothing. They didn’t do a thing.
Sounds to me like if you create 100,000 jobs, then out of that X millions coming into the labor force, then you have also created multiple x times UNEMPLOYED 100,000's. Where am I going wrong?
stagflation /stăg-flā′shən/ noun
Sluggish economic growth coupled with a high rate of inflation and unemployment. Inflation accompanied by stagnant growth, unemployment or recession. A period of slow economic growth and high unemployment (stagnation) while prices rise (inflation).
“Influx of immigrants has impacted unemployment rate, Powell says
When asked about job creation being just over 100,000 per month for the last three months, Powell noted that immigration into the US plays a part in job growth.
‘Job creation depends on inflows,’ said Powell. ‘So if you’re having millions of people come into the labor force and you’re creating 100,000 jobs, you’re going to see unemployment go up.
‘So it really depends on what’s the trend underlying the volatility of people coming into the country,’ he continued.
‘We understand there’s been quite an influx across the borders, and that’s been one of the things that has allowed the unemployment rate to rise.”
Influx of immigrants has impacted unemployment rate, Powell says
When asked about job creation being just over 100,000 per month for the last three months, Powell noted that immigration into the US plays a part in job growth.
‘Job creation depends on inflows,’ said Powell. ‘So if you’re having millions of people come into the labor force and you’re creating 100,000 jobs, you’re going to see unemployment go up.
‘So it really depends on what’s the trend underlying the volatility of people coming into the country,’ he continued.
‘We understand there’s been quite an influx across the borders, and that’s been one of the things that has allowed the unemployment rate to rise.
The Planned Destruction of America
Above link, previous post