Ep. 2695 The Federal Reserve REFUSES to Support WHAT??
Turley Talks
podcast@turleytalks.com
4.8 • 1.3K Ratings
🗓️ 19 July 2024
⏱️ 19 minutes
🧾️ Download transcript
Summary
The Federal Reserve’s most recent report is attempting to claim their distance from either political party. Troy Noonan, the Backpack Trader, is on to discuss what these recent moves mean for the stock market and how you can leave the 9-5 and achieve financial freedom while building generational wealth through trading.
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Transcript
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| 0:00.0 | Are we seeing the revitalization of conservative civilization? |
| 0:05.0 | All over the world has been a massive backlash against globalization, its leftist leadership, |
| 0:11.0 | and its anti-cultural liberal values. |
| 0:14.5 | And it's just the beginning. |
| 0:16.7 | I'm Dr. Steve Turling. |
| 0:18.1 | I believe the liberal globalist world is at its brink and a new conservative age is rising. |
| 0:24.0 | Join me every day as we examine these worldwide trends, |
| 0:28.0 | discover answers to today's toughest challenges, |
| 0:31.0 | and together learn to live in the present in life of even better things to come. |
| 0:36.4 | This is Turley Talks. |
| 0:39.8 | Hey Gang, uncertainty has prevailed in the economy for years now under Biden and the Federal |
| 0:46.0 | Reserve hasn't done much to quell the worries of Americans during their time either. |
| 0:52.0 | Now the Fed just released during their |
| 0:55.0 | twice yearly reports last Friday. |
| 0:58.0 | And generally speaking, these reports are just typically dry documents |
| 1:02.0 | that include an analysis of job growth and inflation |
| 1:05.2 | interest rates and stuff like that. |
| 1:07.8 | But this one was interesting, this latest one. |
| 1:10.6 | It had a special section in it entitled monetary policy independence transparency and accountability and |
| 1:19.7 | This is where they affirmed the need for the Fed to operate independent of political pressure. |
| 1:27.0 | And many are seeing this as a nod not to just Biden's imploding poll numbers but also to Trump surge and Trump of course has been a major critic of the fed of light throughout this campaign now whether they want to distance themselves or not from the presidential candidates. |
| 1:44.3 | Obviously the economy is still struggling and with each month of high rates the |
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