Federal Reserve preparing to issue more interest rate hikes l ABCNL

ABC News Washington correspondent Alex Presha discusses how the White House is addressing concerns the U.S. could be heading toward a recession.

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22 thoughts on “Federal Reserve preparing to issue more interest rate hikes l ABCNL

  1. Biden, the Biden crime family, and the FascoMarxist Democrat Woke Cult Hate America and Americans.

  2. Amazing!!All this tax payer money in "BILLIONS" went to Moderna, Pfizer, Abbott & etc. To find a vaccine, let alone distribute vaccine but did Americans know that the Moderna CEO had a $900+ golden parachute he got for this which means so did all CEOs of Pfizer & other CEOs!!Here we are Americans homeless, rent/mortgages skyrocketing, can't afford gas or food & Seniors/Disabled/Vets on Medicare losing QMB Medicaid due to being $5-200 over poverty limit guidelines because FEDS i.e. POWELL forgot to raise fed poverty guidelines for SENIORS so now SENIORS/DISABLED/VETS going bankrupt/committing suicide due to skyrocketing medical & medicine costs, unable to afford food & rent & gas!!Sounds wonky to me HOW ABOUT YOU?

  3. EVERYTHING that comes out of corrupt Fed Presidents' mouths is lies. The Fed has ZERO credibility yet the economically illiterate SCAMerica govt. and the world's most pathetic SCAMerican media lets them get away with it. It's DISGUSTING. The #Fed can either bring #inflation down to 2%, by raising rates another 7%-10% and cause a financial crisis, bank failures, stock, real estate, and bond market crashes with 99% losses, the U.S. government to default on Treasury debt and slash Social Security and other benefits, while #unemployment soars, OR it can cave and tolerate high inflation- which it WILL do without a doubt despite criminal Jerome Powell and Patrick Harker and all the other incompetent Fed Presidents' infinite LIES! For years Jerome Powell said there would be no high inflation. WRONG. Then, once that lie was obvious – he changed it to "Inflation is TRANSITORY…" WRONG! Then he changed to "we are now at "PEAK INFLATION." WRONG! He said there will be NO RECESSION. WRONG! We are likely ALREADY in a recession (if they don't manipulate the next GDP which they will). Now he says- any recession will be weak, and the landing will be soft- WRONG. A recession will only make inflation WORSE! He said the Fraud Fed would start reducing their monstrous, record nearly $9 trillion balance sheet on June 1st. Yet the Fed Balance sheet has only continued to increase in June. It would take 10 years just to reduce the balance sheet to where it was before COVID and that's still a record high- and it would contribute to the destruction of the biggest, fattest, ugliest equity and housing bubble IT created and IT expanded for 14 years with the stupidest monetary policy of all time. So, NO reduction. ONLY LIES LIES LIES LIES LIES and MORE LIES from criminal #JeromePowell– Yet the economic illiterate bozos of SCAMerica's Congress never called him out on his infinite lies. Instead, they constantly KISS HIS ASS- when they should KICK HIS ASS into PRISON for LIFE. SCAMerica is BY FAR the stupidest country on Earth. By letting Jerome Powell and the Fraud Fed continue to be in charge- it's like handing the controls of the plane to the world's most drunk pilot who has already crashed the plane twice this century and is already the cause of ALL the damage in the air, on the ground- EVERYWHERE. #ENDTHEFED. SCAMerica: Land of the FRAUD/Home of the BRAINLESS!

  4. These two reporters spinning the gas tax brake as if it’s going to make any difference at all in America’s wallets . The average driver will save a whole $2 per WEEK. Whoopi doo!
    and she is taking like will be a “ RELIEF” to all .
    Give me a break !

    It's time to take our country back from the socialist Democrats. XXXXX

  6. If demand for gas going down leads to lower gas prices, would the gas tax holiday, if it could be felt or be impactful at all, technically not serve to maintain or increase demand and thus gas prices. Is this simply a choice the WH is making…between addressing inflation and temporarily appeasing the public? What if gas prices goes up by the same amount the gas tax holiday is to save on average? Would the holiday then be extended to election time or indefinitely? Since when has giving free money been a good thing? We're in this very mess because of free money getting dolled out while the FED was trying to save / preserve the economy during COVID with low borrowing cost. Does this not reflect how the administration views us…as Pavlov saw his dog…giving us the same treat every time it whined…regardless of the cause of the symptom?

  7. STOP HEDGE FUND INVESTORS FROM BUYING UP THOUSANDS OF HOMES. They are paying cash site unseen with robo offers online. They then rent them at top dollar or flip them. THEY reduce inventory for the "real' buyers looking for a nice place for their family. Let the buyer that will live in the home get the first chance to buy BEFORE wall street investors swoop in a cause prices to skyrocket for middle class and first time buyers. This would slow demand and stabilize prices. One investment company bought 88,000 homes last year alone.

  8. LP reacted d ryt way, she is vom.monster need of over drama, or over consider ations. She don't deserve *considerationsu. Lp പറഞ്ഞ പോലെ,, ജീവിതം തുടങ്ങിയല്ലേ ഉള്ളു, പഠിക്കട്ടെ.

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