Video yükleniyor...

Video Yüklenemedi

Ana Sayfaya Dön

This is why central bank credibility matters.⁣ ⁣ If the Fed cuts rates because politicians want it to, people may start expecting more inflation. And inflation is a lot harder to beat once those expectations become entrenched.

JustinWolfers's profile picture

Justin Wolfers

350,445 subscribers

24,982 görüntüleme • 2 ay önce •via X (Twitter)

LIVE

Anya Rossi• Live Now

Private livecam show

0 Yorum

Yorum bulunmuyor

Orijinal gönderinin yorumları burada görünecek

Benzer Videolar

Undermining the Fed to get lower rates now is like ripping the batteries out of your smoke alarm because it’s beeping. It’s quiet for a bit. Then your house burns down. Credibility anchors expectations; expectations anchor inflation.
1:44

Undermining the Fed to get lower rates now is like ripping the batteries out of your smoke alarm because it’s beeping. It’s quiet for a bit. Then your house burns down. Credibility anchors expectations; expectations anchor inflation.

Justin Wolfers

215,787 görüntüleme • 1 yıl önce

Everyone wants the Fed to cut rates, but inflation is still north of 3%. That’s a hidden tax on every American. If we push the Fed to lower rates while inflation is rising, we risk a policy disaster. The Fed must stay independent—that’s why global investors trust America. Politicians bashing the Fed is nothing new, but it’s dangerous when it shapes policy.
1:25

Everyone wants the Fed to cut rates, but inflation is still north of 3%. That’s a hidden tax on every American. If we push the Fed to lower rates while inflation is rising, we risk a policy disaster. The Fed must stay independent—that’s why global investors trust America. Politicians bashing the Fed is nothing new, but it’s dangerous when it shapes policy.

Kevin O'Leary aka Mr. Wonderful

124,114 görüntüleme • 8 ay önce

🚨 Stagflation is back! The Fed said more cuts might be ahead, but this chart shows that higher consumer price inflation expectations may be ahead. Get fresh insights - Free: #inflation #stagflation #recession #stockmarket
1:28

🚨 Stagflation is back! The Fed said more cuts might be ahead, but this chart shows that higher consumer price inflation expectations may be ahead. Get fresh insights - Free: #inflation #stagflation #recession #stockmarket

Elliott Wave International

16,355 görüntüleme • 11 ay önce

Bank of Canada ADMITS Oil Prices causes Inflation This comes after the Liberals for YEARS said Carbon Taxes causes ZERO increases to inflation This is a massive BLOW the Liberal Credibility If oil prices stay elevated, BOC will increase rates more than one, consecutive increases
1:45

Bank of Canada ADMITS Oil Prices causes Inflation This comes after the Liberals for YEARS said Carbon Taxes causes ZERO increases to inflation This is a massive BLOW the Liberal Credibility If oil prices stay elevated, BOC will increase rates more than one, consecutive increases

Marc Nixon

73,018 görüntüleme • 4 ay önce

A lot of central banks are raising interest rates to combat inflation. But many people don't understand what inflation truly is. Here's the legendary economist Milton Friedman explaining it (and its dangers) in a minute or so. Enjoy.
1:08

A lot of central banks are raising interest rates to combat inflation. But many people don't understand what inflation truly is. Here's the legendary economist Milton Friedman explaining it (and its dangers) in a minute or so. Enjoy.

Antonio Reza

373,780 görüntüleme • 3 yıl önce

Federal Reserve chair Kevin Warsh has signalled the central bank is prepared to raise rates if inflation does not fall soon, as he warned that persistently high price growth had become 'more concerning'.
1:37

Federal Reserve chair Kevin Warsh has signalled the central bank is prepared to raise rates if inflation does not fall soon, as he warned that persistently high price growth had become 'more concerning'.

Financial Times

48,960 görüntüleme • 2 gün önce

"The notion that there's this lever the Federal Reserve has, they raise rates to cut inflation, empirically that's just not true" Dave on why raising rates doesn't fix inflation when it's driven by government spending "It's very important to understand the mechanism rates have toward controlling inflation. It's to stop inflationary expectations, to stop labor unions from demanding more, or to bring down aggregate demand if it's demand led inflation. But if inflation is happening because we're printing money, because of the government deficit and crowding out effects, and because of oil shocks, it doesn't do anything" "Moreover, inflation will actually increase the deficit by causing the US to have to pay more. They're borrowing on the short end these days, so rates directly impact what we're spending. It has potentially the opposite effect" "So the notion that there's this lever the Federal Reserve has, they raise rates to cut inflation, empirically that's just not true"
0:52

"The notion that there's this lever the Federal Reserve has, they raise rates to cut inflation, empirically that's just not true" Dave on why raising rates doesn't fix inflation when it's driven by government spending "It's very important to understand the mechanism rates have toward controlling inflation. It's to stop inflationary expectations, to stop labor unions from demanding more, or to bring down aggregate demand if it's demand led inflation. But if inflation is happening because we're printing money, because of the government deficit and crowding out effects, and because of oil shocks, it doesn't do anything" "Moreover, inflation will actually increase the deficit by causing the US to have to pay more. They're borrowing on the short end these days, so rates directly impact what we're spending. It has potentially the opposite effect" "So the notion that there's this lever the Federal Reserve has, they raise rates to cut inflation, empirically that's just not true"

The Wolf Of All Streets

33,289 görüntüleme • 20 gün önce

🇺🇸 THE FED IS EXPECTED TO HIKE RATES And this is bad for markets. Just a few months ago, everyone was convinced rate cuts were coming. That “flippening” in expectations has completely shifted the liquidity narrative. The next FOMC meeting on June 17th is also the first under new Fed Chair Kevin Warsh. Markets don’t yet have full clarity on how he will prioritize growth vs inflation. The reason for a possible hike is simple: the U.S. economy remains stronger than expected. Job growth is holding up, consumer demand is resilient, and inflation is still running above the Fed’s target. For the Fed, persistent inflation means less urgency to cut rates, and more reason to keep financial conditions tight. Higher rates make borrowing more expensive, slow spending, increase costs for businesses, and pressure stock valuations. Markets thrive on liquidity. A Fed focused on fighting inflation becomes a clear headwind for risk assets. Follow and turn on notifications to stay up to date.
0:29

🇺🇸 THE FED IS EXPECTED TO HIKE RATES And this is bad for markets. Just a few months ago, everyone was convinced rate cuts were coming. That “flippening” in expectations has completely shifted the liquidity narrative. The next FOMC meeting on June 17th is also the first under new Fed Chair Kevin Warsh. Markets don’t yet have full clarity on how he will prioritize growth vs inflation. The reason for a possible hike is simple: the U.S. economy remains stronger than expected. Job growth is holding up, consumer demand is resilient, and inflation is still running above the Fed’s target. For the Fed, persistent inflation means less urgency to cut rates, and more reason to keep financial conditions tight. Higher rates make borrowing more expensive, slow spending, increase costs for businesses, and pressure stock valuations. Markets thrive on liquidity. A Fed focused on fighting inflation becomes a clear headwind for risk assets. Follow and turn on notifications to stay up to date.

CryptoGoos

42,378 görüntüleme • 2 ay önce

"A VERY GOOD NUMBER": The latest inflation data shattered expectations once again, with core inflation — often called the best measure of inflation — at its lowest since March 2021. More progress. Inflation is down, gas is down, wages are up — and the best is yet to come.
0:55

"A VERY GOOD NUMBER": The latest inflation data shattered expectations once again, with core inflation — often called the best measure of inflation — at its lowest since March 2021. More progress. Inflation is down, gas is down, wages are up — and the best is yet to come.

Rapid Response 47

306,863 görüntüleme • 8 ay önce

Great to speak with Richardquest on CNN yesterday. It is getting harder for central banks to just 'wait and see' as 2-year inflation expectations drift up.
6:22

Great to speak with Richardquest on CNN yesterday. It is getting harder for central banks to just 'wait and see' as 2-year inflation expectations drift up.

Gita Gopinath

40,424 görüntüleme • 3 ay önce

The Fed is trying to slow the economy, hoping that fewer jobs & lower wages will curb inflation as a side effect. But since I released this video, inflation has slowed — and more analysts admit corporate greed is largely to blame for inflation. Why must the Fed punish workers?
3:09

The Fed is trying to slow the economy, hoping that fewer jobs & lower wages will curb inflation as a side effect. But since I released this video, inflation has slowed — and more analysts admit corporate greed is largely to blame for inflation. Why must the Fed punish workers?

Robert Reich

64,344 görüntüleme • 3 yıl önce

Normally a weaker economy might lead the Fed to cut rates. But if inflation is also rising, rate cuts risk adding fuel to the price problem. Two goals, one instrument, lousy trade-off.
1:23

Normally a weaker economy might lead the Fed to cut rates. But if inflation is also rising, rate cuts risk adding fuel to the price problem. Two goals, one instrument, lousy trade-off.

Justin Wolfers

18,304 görüntüleme • 4 ay önce

Case study: Erdogan replaced technocrats with loyalists and kept rates low when they needed to rise. Inflation soared to 86%, and is still painfully high. That’s the playbook Trump's floating. Keep the Fed independent if you want low inflation without the drama.
1:54

Case study: Erdogan replaced technocrats with loyalists and kept rates low when they needed to rise. Inflation soared to 86%, and is still painfully high. That’s the playbook Trump's floating. Keep the Fed independent if you want low inflation without the drama.

Justin Wolfers

40,672 görüntüleme • 1 yıl önce

Hassett on why he thinks the Fed should cuts rates: "If I were a Fed governor, I would be saying that an increase in the oil price that's related to disruption in the Middle East is something that we've seen over and over again, and it doesn't cause an increase in inflation."
1:04

Hassett on why he thinks the Fed should cuts rates: "If I were a Fed governor, I would be saying that an increase in the oil price that's related to disruption in the Middle East is something that we've seen over and over again, and it doesn't cause an increase in inflation."

Aaron Rupar

25,074 görüntüleme • 4 ay önce

As the #Fed cuts rates, central banks will resort to aggressive QE, flooding the market with cheap money and inflation, making the rise of a new global #currency inevitable, that's why you secure your wealth with #gold and #XRP
0:20

As the #Fed cuts rates, central banks will resort to aggressive QE, flooding the market with cheap money and inflation, making the rise of a new global #currency inevitable, that's why you secure your wealth with #gold and #XRP

Black Swan Capitalist

50,181 görüntüleme • 1 yıl önce

🚨 BREAKING THE FED JUST PAUSED RATE CUTS UNTIL 2027. INFLATION IS HEATING UP FAST, AND THE NEW CHAIR IS PREPARING TO RAISE RATES. THIS IS THE WORST CASE FOR ALL ASSETS. THIS WILL HURT ALL MARKETS.
0:25

🚨 BREAKING THE FED JUST PAUSED RATE CUTS UNTIL 2027. INFLATION IS HEATING UP FAST, AND THE NEW CHAIR IS PREPARING TO RAISE RATES. THIS IS THE WORST CASE FOR ALL ASSETS. THIS WILL HURT ALL MARKETS.

Rekt Fencer

36,047 görüntüleme • 2 ay önce

Something Positive For Once: Fixed Mortgage Rates Start To Come Down Who knows if the War in the Middle East is really over but one thing is certain: Oil prices are down = lower Inflation expectations = lower Canada Bond Yields = Lower Fixed Mortgage Rates Let's break it down:
2:59

Something Positive For Once: Fixed Mortgage Rates Start To Come Down Who knows if the War in the Middle East is really over but one thing is certain: Oil prices are down = lower Inflation expectations = lower Canada Bond Yields = Lower Fixed Mortgage Rates Let's break it down:

Ron Butler

31,951 görüntüleme • 2 ay önce