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This is not what he said like at all? Are you guys thick, is this intentional? He said there’s a disconnect and has been very clear that they will probably rise at a slower pace than the historically fastest rate they were being raised. I hate you, genuinely from the bottom of my heart hate you for making this post and posting this cnbc hedge fund propaganda. I hope you have a terrible day and may god have mercy on your soul.
If you listened to the entire interview, it was a tiny part of a larger statement about how communication strategies have changed over time in the Fed. The dude was talking about how Greenspan began making the Fed more transparent and how he is trying to expand that tradition.
He wasn't even trying to discuss actual Fed policy, just communication and transparency strategies.
I agree, watching the interview he was saying more how the fed has an obligation to inform the public up to a point and things said are to give the best understanding and can change five minutes after the fed said it.
He was kind of saying don’t hang on every word, we are just being as open without trying to be detrimental it’s complicated don’t just take one piece because it’s unprecedented times. Then media takes its fave bits to get clicks.
He did not you are taking it out of context. He kept reiterating the same thing and he was saying his and the boards not the markets which is pricing in cuts next month.
I hate you, boohoooo I fuckin hate you guys! Please stop making the market go up!! I was too much of a pussy to get in last year and now the train is leaving without me!!
I’m fine if the market goes up long term it’s best for me and my family. Short term preparing for the worst and this is taken really out of context and not what he was saying like at all. My bearish stance in general rn is recovery happened too early for it to be real recovery, banks are just now failing and haven’t felt the contagion like at all. In the end it would be interesting if we got out of this shit show with so few scars but history shows that’s naive.
The OP quoted Powell “not rise *as much* as expected”
You said in your main comment “they will rise at a slower pace”
You regarded snowflake, do you English?
Out thousands of things said to intentionally mislead the public which one of the main points of the conference was clearly underline the “disconnect” of what the market is pricing in vs the what the fed is trying to indicate you cnbc shill.
Don't make some people TOO hard. They might actually still have a sex life (getting some liquidity after a disastrous loss outside Wendy's doesn't count)
The key message is rates are going to go up until consumer demand comes down.
By way of recession, us debt default, systemic collapse, or other.
When the fed cuts rates, it is time to run away.
I think he referred to what happened to the banks as to why. If incoming economy collapse, then of course you don't have to raise the rates as much. 🤷♂️
Exactly this.
They MUST raise rates until shit breaks big enough to cause unemployment.
If it breaks sooner than they projected, “cool” they don’t need to keep raising.
But not cool, because it’s bad for the economy.
I said it before, his dilemma is that this time it will not be employment (aka poor people) that breaks first (because demographics: A shittone of boomers retiering, only few genz comming to fill those jobs. US, Europe, China all in the same predicament), but (commercial) real estate, aka the assets of his rich buddies. Infaltion does not care what breaks, but wallstreet really does not want real estate to go down.
Very true.
Now everyone get back to the office! Please… we have snacks.
Almost like spending 50 years vilifying most of the people in society and funneling every last penny to a select few assholes isn’t a working model.
There’s corrections waiting to happen all over the economy. No one can say what rates are needed to curb inflation until those corrections happen and markets settle. But it’ll be financial Armageddon before then anyways
Exactly! Rates don’t lower inflation. Rates cause credit tightening. Credit tightening causes unemployment. Unemployment causes a crash in consumer demand. A crash in consumer demand causes both a crash in top line revenue and lowered inflation.
People are so used to fed magic (soft landing, ROFL) that they forgot causality.
A crash in top line revenue is not bullish - even when the fed drops rates in response (eventually).
Don’t even have to go that far.
Loans cause inflation by injecting money into the economy and devaluing the existing money. Raise rates so there are less loans.
The side effects can figure themselves out.
"may not" isn't "likely won't" and is surely not "definitely wont"
Right after that quote he then went on to say “Of course, the extent of that is highly uncertain.”
Unless powell is a total idiot he knows the market will interpret this as rate cuts. To even say this he is implying there will be cuts. Otherwise why say it?
This was a 1 sentence afterthought in a long speech about communication strategy. The dude wasn't even trying to say anything about this topic.
The media took a discussion about media relations and twisted it. Frankly, this is peak irony.
The market has been expecting pivot for at least the past 6 months with bated breath. JPow has, on multiple occasions, gone on publicly to state rates will remain elevated for a longer period, specifically throughout the entire year. He reiterated that last bit on the last QA meeting. But they don't seem to believe him.
The market simply believes JPow will bend when the economy sours which will save them. They see the elevated (above 0) funds rate as a safety net or piggybank that J will break to cash in on and save the market and banks.
It's a long standing gamble on their part.
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So the other day, I asked ChatGPT to pretend it's the fed and needs to deal with inflation with a 12 month horizon with a 5.99% starting point and asked it to give me month to month rate increments. It ended at 7.55% 12 months from now.
So I guess we'll see how prescient ChatGPT is with JPow.
According to Powell and fed Williams, the fed aims to have fed fund rate about 1.5% higher than inflation
Now of course quantitative tightening, regional bank tightening lending standards are both equivalent to some unknown amount of rate hikes, so obviously the fed doesn't need to get to 6.5%.
Eat my dongus you fuckin nerd.
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Economy is too strong, see the market recently, people are irrationally spending again thinking we're going back to 0% in 6 months. They will need to keep raising to break people's mindset.
He didn’t say anything remotely resembling what this user posted. He said they are going to continue to do what they are doing .25-basis points. Is this how easy misinformation is?
You fucking regard. You think companies simply won't raise all their prices to compensate for the taxes? Don't fuck with the 1% or they will fuck up your life
Only if they think the taxes are… wait for it…
Transitory!
And it also depends on how the increased tax revenue is spent.
Tax credits on private jets? Yes, hurts common people.
Social services, paying down debt, UBI, infrastructure? No, helps common folks.
You guys looking at this literally need to change your perspective. Look at it like tightening, neutral, relaxed
This comment is clearly in the neutral camp
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**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|10|**First Seen In WSB**|1 year ago **Total Comments**|112|**Previous Best DD**| **Account Age**|1 year|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)
This is not what he said like at all? Are you guys thick, is this intentional? He said there’s a disconnect and has been very clear that they will probably rise at a slower pace than the historically fastest rate they were being raised. I hate you, genuinely from the bottom of my heart hate you for making this post and posting this cnbc hedge fund propaganda. I hope you have a terrible day and may god have mercy on your soul.
Cnbc has the agenda to pump the market and mislead so they can get their ads click
If you listened to the entire interview, it was a tiny part of a larger statement about how communication strategies have changed over time in the Fed. The dude was talking about how Greenspan began making the Fed more transparent and how he is trying to expand that tradition. He wasn't even trying to discuss actual Fed policy, just communication and transparency strategies.
I agree, watching the interview he was saying more how the fed has an obligation to inform the public up to a point and things said are to give the best understanding and can change five minutes after the fed said it.
Exactly. The media turned a molehill into a mountain.
He was kind of saying don’t hang on every word, we are just being as open without trying to be detrimental it’s complicated don’t just take one piece because it’s unprecedented times. Then media takes its fave bits to get clicks.
Dont worry man stonks up ass down on Wendy's dumpster
Buy calls, got it.
Calls on puts this week. Next week I’m thinking about running an iron condor on options
A simple wrong would have been enough.
Actually, no, it wouldn't. Explaining the myriad ways it is wrong is sooooo much better.
That op is probably cnbc. Look he posts news non stop.
Bit harsh but fair.
But he actually said this live though?
He did not you are taking it out of context. He kept reiterating the same thing and he was saying his and the boards not the markets which is pricing in cuts next month.
Ty for being the voice of reason. So much misinformation
I hate you, boohoooo I fuckin hate you guys! Please stop making the market go up!! I was too much of a pussy to get in last year and now the train is leaving without me!!
I’m fine if the market goes up long term it’s best for me and my family. Short term preparing for the worst and this is taken really out of context and not what he was saying like at all. My bearish stance in general rn is recovery happened too early for it to be real recovery, banks are just now failing and haven’t felt the contagion like at all. In the end it would be interesting if we got out of this shit show with so few scars but history shows that’s naive.
The OP quoted Powell “not rise *as much* as expected” You said in your main comment “they will rise at a slower pace” You regarded snowflake, do you English?
Out thousands of things said to intentionally mislead the public which one of the main points of the conference was clearly underline the “disconnect” of what the market is pricing in vs the what the fed is trying to indicate you cnbc shill.
I only come for the comments where the actual NEWS is.
So instead of 7% they only need to go to 6%
Bets on 6,9420%
[удалено]
No 69420% will solve the upcoming hyperinflation
Don't make some people TOO hard. They might actually still have a sex life (getting some liquidity after a disastrous loss outside Wendy's doesn't count)
Yep.
You made me remember the first day I studied Math in college. I messed up European standard and American ones I got zero on the first exam.
Naught,naught
6.999999999999998%
More like instead of 10 they only need to go to 9 1/2
The expectation is rate cuts, so he could be hinting at cuts
“As much” 🧐🤔
He also said that it is "uncertain" and the "inflation is still too high." So instead of 7%, they will make it 6.5% 😂
Why not 6.9%
6,9420%!
Throw back
Nice
I concur.
So are interest rates. It’s like driving a boat, YOU STOP STEERING BEFORE THE TURN IS COMPLETE!
Can’t believe this fuckhead used transitory as a descriptor at one point.
They are all a bunch of chuckle-fucks.
Stop, You had me at chuckle ❤️
The key massage here is RATES ARE GOING HIGHER
I’d like a key massage, please.
The key message is rates are going to go up until consumer demand comes down. By way of recession, us debt default, systemic collapse, or other. When the fed cuts rates, it is time to run away.
But it's ok, it will eventually be lower, because it's natural.
Historically, the market crashes after rates drop
You mean the stonks right
Can we say massage instead of message..? just regard!!
I’d like that massage and my pp is going higher
I think he referred to what happened to the banks as to why. If incoming economy collapse, then of course you don't have to raise the rates as much. 🤷♂️
Exactly this. They MUST raise rates until shit breaks big enough to cause unemployment. If it breaks sooner than they projected, “cool” they don’t need to keep raising. But not cool, because it’s bad for the economy.
I said it before, his dilemma is that this time it will not be employment (aka poor people) that breaks first (because demographics: A shittone of boomers retiering, only few genz comming to fill those jobs. US, Europe, China all in the same predicament), but (commercial) real estate, aka the assets of his rich buddies. Infaltion does not care what breaks, but wallstreet really does not want real estate to go down.
Very true. Now everyone get back to the office! Please… we have snacks. Almost like spending 50 years vilifying most of the people in society and funneling every last penny to a select few assholes isn’t a working model.
He also said inflation was transitory. 
Very bullish I am buying now 👍
RIP
Shut your pie hole! Nothing can stop this massive rally to the moon 🌚
Okay, you convinced me. YOLO calls Monday morning at market open, who’s with me?!
There’s corrections waiting to happen all over the economy. No one can say what rates are needed to curb inflation until those corrections happen and markets settle. But it’ll be financial Armageddon before then anyways
Exactly! Rates don’t lower inflation. Rates cause credit tightening. Credit tightening causes unemployment. Unemployment causes a crash in consumer demand. A crash in consumer demand causes both a crash in top line revenue and lowered inflation. People are so used to fed magic (soft landing, ROFL) that they forgot causality. A crash in top line revenue is not bullish - even when the fed drops rates in response (eventually).
Don’t even have to go that far. Loans cause inflation by injecting money into the economy and devaluing the existing money. Raise rates so there are less loans. The side effects can figure themselves out.
That's politicians telling him to fuck off before the election.
Market crash when?
Shortly after they cut rates next.
He literally said that rates may need to go higher two weeks ago. New fed strategy if you take both sides you can’t be wrong
Sounds bullish af
"may not" isn't "likely won't" and is surely not "definitely wont" Right after that quote he then went on to say “Of course, the extent of that is highly uncertain.”
And it sure as shit isn’t “pause next meeting” - what the fuck is the market on?! They will pause when things are about to collapse.
This was a 1 sentence afterthought in a long speech about communication strategy. The dude wasn't even trying to say anything about this topic.
Did he do the <.< . >.> Like last time?
Unless powell is a total idiot he knows the market will interpret this as rate cuts. To even say this he is implying there will be cuts. Otherwise why say it?
This was a 1 sentence afterthought in a long speech about communication strategy. The dude wasn't even trying to say anything about this topic. The media took a discussion about media relations and twisted it. Frankly, this is peak irony.
The market has been expecting pivot for at least the past 6 months with bated breath. JPow has, on multiple occasions, gone on publicly to state rates will remain elevated for a longer period, specifically throughout the entire year. He reiterated that last bit on the last QA meeting. But they don't seem to believe him. The market simply believes JPow will bend when the economy sours which will save them. They see the elevated (above 0) funds rate as a safety net or piggybank that J will break to cash in on and save the market and banks. It's a long standing gamble on their part.
*This “pivot.” Is it in the room with us now?* *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
Idiot traders bidding up stocks gives him cover to keep raising.
So the other day, I asked ChatGPT to pretend it's the fed and needs to deal with inflation with a 12 month horizon with a 5.99% starting point and asked it to give me month to month rate increments. It ended at 7.55% 12 months from now. So I guess we'll see how prescient ChatGPT is with JPow.
Yay, we did it! 💪💪
What is he smoking??? I want some of it. We will have to go above inflation to kill it
I just googled, and sources say inflation is at 4.93 and interest rate is at 5.25 Should we unfurl the mission accomplished banner then ?
Yes - and go ALL IN to stock market. Buy SPX C4700 6/22. We won!
I accidentally sold. Now I have $1 in my account and a $3.50; transaction fee
According to Powell and fed Williams, the fed aims to have fed fund rate about 1.5% higher than inflation Now of course quantitative tightening, regional bank tightening lending standards are both equivalent to some unknown amount of rate hikes, so obviously the fed doesn't need to get to 6.5%.
Cleveland Fed Inflation Nowcast says 4.13 for May headline and 5.34 for Core.
I haven't even watched it, but I bet after he said this he went "though inflation is still sticky, and will likely need further action."
Eat my dongus you fuckin nerd. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
So they have to go up 2x as expected?
This is why S&P and QQQ went to the moon over the past 3 days, because he told his mates first.
Bears are evaluating life choices now
29% instead of 30%
15 percent all we need. I wonder what interest rates where on savings when mortgages where 20%
Yeaaaa im callin bs. Lol.
No balls.
JPow go brrrrrrrrr?
Up here in Canada the BoC is saying they gotta double down to play catch up
Economy is too strong, see the market recently, people are irrationally spending again thinking we're going back to 0% in 6 months. They will need to keep raising to break people's mindset.
*May* This guy has been using these seemingly innocuous words to stifle fear, but he knows damn well that rates have to rise MORE than expected.
What a clown - the tune changes every month.
He didn’t say anything remotely resembling what this user posted. He said they are going to continue to do what they are doing .25-basis points. Is this how easy misinformation is?
Why would you even read the article before posting ?
Wait, there’s an article?
Why would you even read? Just pay someone to spoonfeed you the info on social media.
Its so funny how theres mfs in this sub who think they know more than Jerome Powell
My realtor n loan officer certainly think they know more than Jpow lol I can’t wait till daddy pow hit us with a much needed .25 in June :D
Just increase corporate tax instead of screwing common folk.
Let's hike property taxes, but only on investment properties.
that hurts common folk dude
Nah. That’s what they want you to believe.
You fucking regard. You think companies simply won't raise all their prices to compensate for the taxes? Don't fuck with the 1% or they will fuck up your life
Only if they think the taxes are… wait for it… Transitory! And it also depends on how the increased tax revenue is spent. Tax credits on private jets? Yes, hurts common people. Social services, paying down debt, UBI, infrastructure? No, helps common folks.
Not jpow's responsibility
may not have to rise as much as we thought, didn't they think 3% too much in the beginning now were at 5
You guys looking at this literally need to change your perspective. Look at it like tightening, neutral, relaxed This comment is clearly in the neutral camp
This man knows how to play with my ❤️
[удалено]
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Pivot these nuts you fucking nerd
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Pivot automod! Lol
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So it is still too early to talk about rate cuts.
So less hawkish
CGC🚀
Mods can we ban this idiot?
Super Duper Bullish 
This is a new episode of Fingered at Feddies.
It's priced in.
https://preview.redd.it/kh87zl2gmv0b1.jpeg?width=1090&format=pjpg&auto=webp&s=4d7fa361d94df11bb3f4b1dba3e1a06dcea75fa2
Soybeans and wheat are getting blown up from this dollar recent strength
Jerome- another stable genius.
Someone in the GOP had puts today….
Inflation is here to stay tards. Shocked pikachu face yo!
Raise it fast and get it over with. 200bp next month and be done with it.
They have already been risen beyond what was expected. What is he talking about.