#MrMarket: Do the markets believe Powell will stay the course of tightening? Brett Arends, Marketwatch

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🗓️ 4 February 2023

⏱️ 9 minutes

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#MrMarket: Do the markets believe Powell will stay the course of tightening? Brett Arends, Marketwatch
https://www.wsj.com/articles/january-jobs-report-unemployment-rate-economy-growth-2023-11675374490

Transcript

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0:00.0	This is CBS Eye on the World.
0:08.0	Here's John Batchler.
0:11.0	The American economy, Wall Street Journal, strong hiring across industries
0:16.0	fuels robust jobs growth.
0:18.0	Payroll rise by 517,000.
0:21.0	Jobless rate is the lowest since 1969.
0:24.0	I welcome Brett Arons of Market Watch.
0:27.0	Here to help me solve or at least begin to solve the mystery of the markets.
0:33.0	Everything is off.
0:35.0	Everything is off.
0:36.0	Except jobs.
0:37.0	Jobs are up.
0:38.0	American people are working.
0:39.0	And we're told the recession is imminent if it's not already here.
0:43.0	However, Brett, a very good evening tube.
0:46.0	Jerome Powell, chairman of the Federal Reserve in these last hours,
0:50.0	came to the audience with sober face and read a document in which he said
0:55.0	we're going to stay the course.
0:57.0	I copied it down.
0:58.0	That's a quote.
0:59.0	Stay the course.
1:00.0	He's talking about continuing to raise rates to establish price stability,
	...

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