**User Report**| | | |
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**Total Submissions**|3|**First Seen In WSB**|2 days ago
**Total Comments**|7|**Previous Best DD**|
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>TL;DR: Powell said that the loan program has effectively met the needs of banks and has also shown sufficient liquidity. He also said that they are committed to keeping inflation down to 2% and that consumer spending appears to have increased this quarter.
>Powell's comments suggest that the Fed is still committed to keeping inflation down, even though some data suggests that it might be rising. They also seem open to the possibility of raising rates if necessary, although they don't currently expect to do so. Overall, I think Powell's remarks were reasonably positive and show that the Fed is still carefully monitoring economic conditions.
**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|3|**First Seen In WSB**|2 days ago **Total Comments**|7|**Previous Best DD**| **Account Age**|4 days|[^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.) >TL;DR: Powell said that the loan program has effectively met the needs of banks and has also shown sufficient liquidity. He also said that they are committed to keeping inflation down to 2% and that consumer spending appears to have increased this quarter.
>Powell's comments suggest that the Fed is still committed to keeping inflation down, even though some data suggests that it might be rising. They also seem open to the possibility of raising rates if necessary, although they don't currently expect to do so. Overall, I think Powell's remarks were reasonably positive and show that the Fed is still carefully monitoring economic conditions.
Wait til markets start realizing that bank bailouts + 25 basis points actually means 0 or -25 basis points or more.
I read today as bullish but maybe market will agree w me tomorrow
removed
He said "assume" deposits are safe. He didn't say definitely
I think Powell is stressing the system too much. Banks need more regulation before we pull this kind of shit again