PBD Podcast Jerome Powell Increasing The Rates To New Highs | Ep. 245 | Part 1
Mar 9, 2023
Dive into the complexities of Jerome Powell's interest rate hikes and their impact on the economy! Discover the rising debate over the four-day workweek and its potential effects on work-life balance. Explore the migration trends as people flock to Florida, seeking better opportunities. Hear critiques on Ron DeSantis's new book and thoughts on modern economic challenges compared to past presidencies. Enjoy humor intertwined with serious discussions, making financial topics more engaging and relatable!
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Interest Rate Hikes
- The Federal Reserve's interest rate hikes aim to curb inflation and cool the economy.
- These rate increases will affect mortgages, car loans, and the overall market.
Powell-Kennedy Exchange
- Jerome Powell's exchange with Senator Kennedy revealed a straightforward acknowledgment of rising unemployment.
- Powell confirmed that raising interest rates is intended to realign supply and demand, potentially increasing unemployment.
Preparing for Economic Downturn
- Maintain sufficient cash reserves to avoid making desperate decisions during economic downturns.
- Prepare for potential challenges in the real estate and mortgage markets.