Powell Reasserts “Tighter for Longer”

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 7 February 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

In today’s session at the Economic Club of Washington, chairman Jay Powell said the ‘disinflationary process’ had begun, but the Fed will likely need to continue raising interest rates to bring inflation down further. Powell’s comments sent risk assets swinging this afternoon, but overall markets remain relatively flat. Dale Pinkert, head of trader development at TradeGateHub, joins Maggie Lake to dissect the price action and discuss what’s happening in currencies and commodities.Plus, we’ll hear a clip from investor Harris Kupperman on why he thinks failing is all part of the game. Watch that entire interview here: https://rvtv.io/3I5e4EB Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hey everyone, if you like this podcast, go behind the paywall to get privileged access
0:06.7	to the smartest minds in finance.
0:08.8	Visit ReelVision.com slash RVPod and use the promo code podcast10 at podcast10 to get
0:16.1	10% off our essential membership for the first year.
0:19.0	Join the ReelVision community and learn how to become a better investor by now to the top
0:22.9	analysis of today's markets.
0:31.8	Our investors reading too much into the Fed.
0:33.9	Hi everyone.
0:34.9	Welcome to the ReelVision deli briefing with me today as Dale Pinkard, head of trader development
0:39.8	at trade view markets.
0:40.9	Hi, Dale.
0:41.9	Hi, how are you making nice to talk to you again?
0:44.9	Same here.
0:45.9	I'm fine.
0:46.9	My voice is crap.
0:47.9	Um, as I said yesterday, I'm struggling with a cold and it was fine earlier and of
0:51.4	course, just as we come to air, I now sound like more Simpson's sister, but that doesn't
0:55.5	matter.
0:56.5	I sound worse than I feel.
0:57.5	So we're going to, we're going to push ahead by apologize to everybody.
1:00.1	So everyone today was glued to Fed Chairman Jay Powell.
1:04.0	He could have come out and said something super hawkish.
	...

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