White House National Economic Council Director Kevin Hassett shares the challenges Kevin Warsh will face as Federal Reserve chair on ‘Maria Bartiromo’s Wall Street.’ #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #mariabartiromoswallstreet #economy #markets #federalreserve #fed #interestrates #monetarypolicy #finance #wallstreet #centralbank #kevinwarsh #kevinhassett #economicpolicy
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44 Comments
Hassett is living in absolute dreamland if he thinks "hopes and prayers" can override hard math. The NY Fed data is crystal clear: U.S. companies and consumers are footing 90% of the bill while manufacturing jobs actually dropped by 100k+ last year. Claiming this is a win for wages while ignoring the fact that inflation is eating every cent of growth. It is just Voodoo Economics 2.0. You can’t tax your way to prosperity or "reshore" an entire supply chain overnight just because you wish it were so. There is zero empirical data to support his contention, just political spin, to cover for the fact that the check has arrived and the American taxpayer is the one paying it.
Robots will level the manufacturing slave trade market. For America China will not be able to cheat on labor because robots will produce everything we were buying from Chinese workers. Now robots are the Chinese slave labor in America china loses big time! And Elon musk becomes trillionaire again
Federal Reserve Board packing their bags with billions because party is over
A man walks into a bank in Manhattan and asks for a $5,000 loan because he is going to Europe for two weeks.
The banker asks for collateral, so the man hands over the keys to his brand-new Rolls Royce parked right outside. Everything is in order, and the bank accepts the car as a guarantee for the loan.
Two weeks later, the man returns and repays the $5,000 plus $15.41 in interest.
The banker, feeling curious, says: 'Sir, we found out that you are a billionaire. Why on earth did you need to borrow $5,000?'
The man smiles and replies: 'Where else in New York City can I park my Rolls Royce for two weeks for only 15 dollars and expect it to be in perfect condition when I get back?'
😐 This is a joke…
A demand deposit is a custody contract. If the bank lends that money, it commits embezzlement because the depositor believes their money is available at all times. Having clarified the obvious:
As modern bank deposit is a contract of immediate availability. The client does not want their physical banknote kept in a safe, but rather the right to withdraw the equivalent value at any time. If the bank manages its liquidity properly, the contract is perfectly legitimate and transparent.
The solution is not to impose a 100% reserve requirement (though it would be a good first step). Fractional reserve banking is not the sole cause of economic cycles and legal fraud. The problem is not merely credit expansion itself, but rather maturity mismatching and liquidity risk when there is no real savings backing those investments.
A 100% reserve system is excessively rigid in the face of variations in money demand. If the demand for cash increases in an inelastic supply system (such as a pure gold standard with 100% reserves), it would trigger a deflationary spending contraction that is not always beneficial and will cause disruptions in the real economy.
For instance, in a free—non-Soviet—economy, individuals should be able to voluntarily decide whether to deposit their money in a bank that maintains a 100% reserve (paying for the custodial service) or in one that lends part of those funds (assuming a risk in exchange for lower fees or interest). In such a Free Banking system, the absence of central banks would force banks to act as a natural disciplinary mechanism, limiting credit expansion without the need for rigid legal prohibitions.
• Only credit expansion that distorts interest rates below their natural level causes economic cycles
Former Minister of Justice Han Dong-hoon, who tried to eliminate Coupang's early morning delivery service in Korea, allegedly received orders from Lee Jae-myung and, after less than a week of experiencing Coupang's delivery service, declared that early morning delivery should be abolished. Following this, the Democratic Party immediately attempted to create legislation to ban Coupang's early morning delivery service. Han Dong-hoon is a traitor and a betrayer who spearheaded the impeachment of President Yoon and accused him of treason.
Notice how Hassett claims inflation is not a problem, that AI will solve it and may be deflationary. The great lie continues! Inflation is still here, and that genie is not going back in the bottle. Do not believe these talking heads. Prices everywhere are up, up and away.
Don't tell me he is another C.E.O. out to receive more more kick back . You watch. Our whole government is a scam ! No matter who is office.America government is a scam. Just filling their gaspr
Get rid of the Fed and IRFn S tarriffs more tarriffs
😂😂😂 he has no clue what’s he’s talking about 😂😂😂
I can’t wait for him to take over so they can set they money on fire too 😂😂
Well folks it happened, we’re now a banana republic without an independent Fed
They’ll find new jobs? Riiiight Hassett.
He sounds like a woman.
Why should I believe a PAID contributor / social influencer on Faux News?
Kevin we prefer you to stay in the administration we want you close to the president
After Mr. Hassett made his presentation of how in 2017 he showed that Obama had nothing to do with the improvement of the US economy at the beginning of Mr. Trump's 1st term.
First rule of getting ahead: Never make yourself indispensable.
Kevin is popping up a lot lately. Oh that's right in the Epstein files. Tom Tillis will look into. Thanks Tom!
Demand side growth*
Ai is a humongous bubble.
Trumpy picked another yes boss.
the clown show takes down America …………………………and you schmucks deserve it
bring down the rate, lower taxes, I just I want to be free and rich. dont really care what happens to the country thereafter.
Im curious about the effect on the trust in the economy knowing the president loved to party so hard with jeffrey epstein
Epstein is mentioned in the 'Trump files' 😂😂😂
This fraudulent Republican party has no solutions to the mess they have created, they have no idea how to stop the rot , so they throw mud and hope something sticks, they are failing the American people with their incompetence, now not an independent Treasury will only make matters worse, 6 bankruptcies and the big final bankruptcy heading our way
That reptile and and Trump bum chum Bezos is hoovering the wealth out of Middle America. It's killing small business Luckily the base is waking up to it and Fox's role.
Markets/gold fall after new pick for FED, says it all, Fox can spin it all they like but it’s bad news.
Trump knows lowering the rate is a horrible idea in this economy. The dollar will lose so much value that it far outweighs the benefit of lower interest. The value of the dollar plummeted Trumps first term and even more the past 12 months. But, using Trump’s metrics losing 25 cents on the dollar isn’t inflation. And we are losing world currency status which will lower it more. It takes an income of $185,000 to live like the middle class did 12 years ago. Trump’s annual deficits DOUBLE the deficits under Biden. GDP goes down under Trump bc we export far less. Trump is turning the Republican Party into an Authoritarian Liberal Party on all issues other than immigration. GOP leaders play along bc MAGA is too dumb to notice. He talks about his income tax cut while increasing American taxes by tariffs at a rate not seen in 92 years. And, for every cut in spending he brags about on tv, he signs legislation to double that spending on his preferred agendas. Education must be improved!
Fy Kudlow
The unemployment rate is driven by the chaotic policies of Trump not AI
Other places headlines read Trump appoints his billionaire friends son in law. so Bobs your uncle.
The FED must be independent. That's why Trump got rid of Powell who is a fraud and Democrat hack.
The radicals really don't deserve our great President and his pro America policies. Sometimes I wish the safer country, upcoming lower interest rate, lower taxes, Trump account and a lot more don't benefit the violent nasty anti America, anti freedom, anti Capitalism, pro socialist, pro communist extreme left radicals.
What a dodge. “If you lose your job to AI, just get a new one.”
Never mind that people were told—by the government—to go to school, learn to code, take out massive student loans, and build their lives around an industry that’s now being automated out of existence. Over a few years, jobs that took a lifetime to build will be wiped out.
And that’s just one job category. There will be tens of thousands more, if not millions. There’s no real plan—just bend over backwards to feed the monster until it eats everyone.
Remember the “essential hero” truck drivers during COVID? Yeah, like me. Autonomous trucks are right around the corner. After 20 years of building a career in trucking, the answer is just “meh, find a new job,” even though you already started from the bottom and clawed your way up the right way to earn a decent living.
Meanwhile, I hand over ~30% of my paycheck every week to subsidize my own replacement through tax breaks for the richest companies on Earth—like NVIDIA. Brilliant.
the consensus on Warsh seems to be mixed which is probably a good thing.
👀👀👀👀👀🗣️🗣️🗣️🗣️🗣️THE AMERICAN PEOPLE WANT TO HEAR DIRECTLY FROM PAM BONDI ON WHETHER CHARGES SHOULD BE FILED AGAINST TRUMP IN THE FUTURE SINCE HIS NAME APPEARS IN THE JEFFREY EPSTEIN FILED SEVERAL TIMES ⁉️⁉️⁉️⁉️
TIC TAC TIC TAC than end Powell .
Powelll needs to step down now.
Aren't you people suppose to be watching a film/documentary now?
..or at least shamelessly plugging it?
Can't get any kickback services nowadays…….
That kid you make a lot of prediction in the past nothing was correct Kevin Walsh
Notice he didn’t say anything about the American people. He said this is the best choice for him and for the president.
Thats what devil says
🤍
Don Lemon was arrested cause he WASN'T in the EPSTIEN FILES