Powell Said Interest Rates To Stay At 2 Decade High Until Inflation Drops To 2%

[Economy 52,850]

https://www.bnnbloomberg.ca/federal-reserve-says-interest-rates-will-stay-at-two-decade-high-until-inflation-further-cools-1.2067630

 

Jerome Powell said in todays rate decision that rates wont be lowered until inflation gets closer to 2%.

 

Rates have been at 5.25% for almost a year now

 

The US Fed has stressed avoiding the mistakes of the 1970s and early 1980s is critical where everytime inflation improved they lowered rates before job was done only to have inflation come back immediately worse than it was before

 

At its peak the Fed raised rates to nearly 20% and inflation remain stuck in the double digits for years

[StarstruckIllusion 53,564]

Explain in pop terms 

[SlayMeToVenus 3,290]

8 minutes ago, StarstruckIllusion said:

Explain in pop terms 

America sucks. 

[ActualPatient 2,512]

1 hour ago, StarstruckIllusion said:

Explain in pop terms 

ChatGPT said the following:

 

So, picture this: Jerome Powell just dropped the hottest news during today's rate decision, and it's got us all shook like a Beyoncé performance. He straight-up said, "Listen up, fam! We're keeping those rates on lock until inflation decides to get cozy around 2%." Translation: Ain't no rate drops happening anytime soon, honey!

And can we talk about how rates have been stuck at a solid 5.25% for, like, an eternity? That's longer than Adele's hiatus, y'all!

But wait, there's more drama: The US Fed is freaking out big time about not repeating the epic fails of the past. Remember the '70s and early '80s? It was like a Katy Perry song gone wrong—every time inflation tried to behave, they'd be like, "Let's drop those rates, baby!" But guess what? The job wasn't done, and boom! Inflation came back harder than Lady Gaga's outfit changes at the VMAs.

It got so wild that at one point, the Fed was flexing with rates skyrocketing to nearly 20%! And guess what? Inflation was partying in the double digits for years, like it was hosting the Met Gala or something!

So, Powell's basically saying, "We're not falling for that mess again, honey." They're keeping rates steady until inflation learns some manners and starts acting more like Queen Bey and less like a rebellious teenager.

[Economy 52,850]

42 minutes ago, chuck said:

ChatGPT said the following:

 

So, picture this: Jerome Powell just dropped the hottest news during today's rate decision, and it's got us all shook like a Beyoncé performance. He straight-up said, "Listen up, fam! We're keeping those rates on lock until inflation decides to get cozy around 2%." Translation: Ain't no rate drops happening anytime soon, honey!

And can we talk about how rates have been stuck at a solid 5.25% for, like, an eternity? That's longer than Adele's hiatus, y'all!

But wait, there's more drama: The US Fed is freaking out big time about not repeating the epic fails of the past. Remember the '70s and early '80s? It was like a Katy Perry song gone wrong—every time inflation tried to behave, they'd be like, "Let's drop those rates, baby!" But guess what? The job wasn't done, and boom! Inflation came back harder than Lady Gaga's outfit changes at the VMAs.

It got so wild that at one point, the Fed was flexing with rates skyrocketing to nearly 20%! And guess what? Inflation was partying in the double digits for years, like it was hosting the Met Gala or something!

So, Powell's basically saying, "We're not falling for that mess again, honey." They're keeping rates steady until inflation learns some manners and starts acting more like Queen Bey and less like a rebellious teenager.

I couldnt have said it better myself

[BLACKOUTbritney 22,369]

1 hour ago, StarstruckIllusion said:

Explain in pop terms 

Spotify releases scathing tweet and drags the 00s pop girlies! Promises to keep monthly subscription pricing at an all time high until Gaga, Katy, And Rihanna all release albums in the same calendar year like the good old days in 2011 

[Ronk 14,930]

21 minutes ago, BLACKOUTbritney said:

 Gaga, Katy, And Rihanna all release albums in the same calendar year like the good old days in 2011 

Those were the days, my friend
We thought they'd never end
We'd sing and dance forever and a day
We'd live the life we choose
We'd fight and never lose
Those were the days, oh yes, those were the days

[PunkTheFunk 125,703]

8 hours ago, StarstruckIllusion said:

Explain in pop terms 

Powell = Gaga

Interest rates = new album

Inflation = gays

Gaga is not dropping her new album until the gays calm tf down.