Fed Expected To Make 3rd Rate Cut Since July | Velshi & Ruhle | MSNBC

Fed Expected To Make 3rd Rate Cut Since July | Velshi & Ruhle | MSNBC


>>>OKAY, LET’S TALK ABOUT>>>OKAY, LET’S TALK ABOUT PRESIDENT TRUMP AND HIS DIRECTOR PRESIDENT TRUMP AND HIS DIRECTOR OF THE NATIONAL ECONOMIC COUNCIL OF THE NATIONAL ECONOMIC COUNCIL HAVE OFTEN SAID JUDY P. IS GOING HAVE OFTEN SAID JUDY P. IS GOING TO GO TO 4, 5, 6%. TO GO TO 4, 5, 6%. THAT’S WILDLY OPTIMISTIC WHEN THAT’S WILDLY OPTIMISTIC WHEN YOU LOOK AT ECONOMIC GROWTH. YOU LOOK AT ECONOMIC GROWTH. LET’S LISTEN TO WHAT THE LET’S LISTEN TO WHAT THE PRESIDENT HAD TO SAY ABOUT IT. PRESIDENT HAD TO SAY ABOUT IT.>>WHAT WILL HAPPEN IS AT THE>>WHAT WILL HAPPEN IS AT THE END, WHICHEVER THE END, WHICHEVER THE ADMINISTRATION IS IN YEARS FROM ADMINISTRATION IS IN YEARS FROM NOW, THEY’LL MAKE IT AND MAYBE NOW, THEY’LL MAKE IT AND MAYBE CAN EVEN MAKE IT MORE GENEROUS CAN EVEN MAKE IT MORE GENEROUS IF WE CAN GET THE ECONOMY LIKE IF WE CAN GET THE ECONOMY LIKE IT SHOULD BE. IT SHOULD BE. THE ECONOMY NOW IS AT 3%. THE ECONOMY NOW IS AT 3%. NO ONE THOUGHT IT WOULD BE NO ONE THOUGHT IT WOULD BE ANYWHERE CLOSE. ANYWHERE CLOSE. I THINK WE COULD GO TO 4, 5 AND I THINK WE COULD GO TO 4, 5 AND MAYBE EVEN 6% ULTIMATELY. MAYBE EVEN 6% ULTIMATELY.>>WE ARE GETTING 3 AND IT MAY>>WE ARE GETTING 3 AND IT MAY BE 4 FOR A QUARTER OR TWO. BE 4 FOR A QUARTER OR TWO. IT MAY BE PLUS, I DON’T KNOW, IT MAY BE PLUS, I DON’T KNOW, BUT THAT’S ALSO GOOD. BUT THAT’S ALSO GOOD.>>THAT’S NOT REALLY TRUE.>>THAT’S NOT REALLY TRUE. LET’S BRING IN OUR FRIEND CALEB LET’S BRING IN OUR FRIEND CALEB SILVER WHO IS INVESTOPEDIA’S SILVER WHO IS INVESTOPEDIA’S CHIEF. CHIEF. GDP IS THE GROWTH OF ALL THE GDP IS THE GROWTH OF ALL THE GOODS AND SERVICES. GOODS AND SERVICES. IT’S THE BROADEST CHECK WE HAVE. IT’S THE BROADEST CHECK WE HAVE. IN 2009, THAT’S A NEGATIVE GDP. IN 2009, THAT’S A NEGATIVE GDP. IF IT’S ABOVE THE LINE, WE’RE IF IT’S ABOVE THE LINE, WE’RE NOT IN A RECESSION, IF IT’S NOT IN A RECESSION, IF IT’S BELOW THE LINE, WE’RE IN A BELOW THE LINE, WE’RE IN A RECESSION. RECESSION. THE NEW BAR HERE SAYS 1.9. THE NEW BAR HERE SAYS 1.9. THERE HASN’T BEEN A 4 SINCE THE THERE HASN’T BEEN A 4 SINCE THE YEAR 2000. YEAR 2000.>>RIGHT.>>RIGHT. YOU CAN SEE GROWING ECONOMIES AT YOU CAN SEE GROWING ECONOMIES AT 4, 5, 6%, BUT THIS HAS BEEN THE 4, 5, 6%, BUT THIS HAS BEEN THE LONGEST ECONOMIC EXPANSION IN LONGEST ECONOMIC EXPANSION IN U.S. HISTORY. U.S. HISTORY. WHEN WE’RE AT 2%, WE CALL IT WHEN WE’RE AT 2%, WE CALL IT BASH BASH BARBECUE GROWTH, NOT REALLY BARBECUE GROWTH, NOT REALLY BLAZING BUT NOT GROWING. BLAZING BUT NOT GROWING.>>UTBUT NOT A RECESSION.>>UTBUT NOT A RECESSION.>>BUT NOT A RECESSION, AND>>BUT NOT A RECESSION, AND WEREN’T THE NUMBERS BETTER THAN WEREN’T THE NUMBERS BETTER THAN EXPECTED? EXPECTED?>>BETTER THAN EXPECTED, BUT NOT>>BETTER THAN EXPECTED, BUT NOT ON FIRE. ON FIRE. AROUND THE WORLD IS NOT VERY AROUND THE WORLD IS NOT VERY HEALTHY. HEALTHY. BUT THE ECONOMY IS GROWING, BUT THE ECONOMY IS GROWING, UNEMPLOYMENT IS LOW. UNEMPLOYMENT IS LOW. YOU HAVEN’T SEEN THIS TYPE OF YOU HAVEN’T SEEN THIS TYPE OF UNEMPLOYMENT IN A LONG TIME. UNEMPLOYMENT IN A LONG TIME. SO THE ECONOMY IS NOT IN A SO THE ECONOMY IS NOT IN A RECESSION. RECESSION. AT THE SAME TIME BUSINESS AT THE SAME TIME BUSINESS SPENDING, MANUFACTURING, THAT IS SPENDING, MANUFACTURING, THAT IS FLOORING AND ING FLOORING AND ING SOARING AND CONSUMERS HAVE BEEN SOARING AND CONSUMERS HAVE BEEN SPENDING A LOT. SPENDING A LOT.>>THIS IS THE INTEREST RATE>>THIS IS THE INTEREST RATE THAT BANKS CHARGE OTHER BANKS TO THAT BANKS CHARGE OTHER BANKS TO LEND THEM MONEY ON AN OVERNIGHT LEND THEM MONEY ON AN OVERNIGHT BASIS. BASIS. THIS IS BASICALLY BENCHMARK THIS IS BASICALLY BENCHMARK RATE. RATE. LET’S LOOK AT THE CHART OF LET’S LOOK AT THE CHART OF INTEREST RATES. INTEREST RATES. WE WERE CLOSE TO ZERO FROM 2008 WE WERE CLOSE TO ZERO FROM 2008 TO 2015. TO 2015. WE WERE GOING UP ALL THE WAY WE WERE GOING UP ALL THE WAY SINCE 2015. SINCE 2015. WE’VE BEEN GOING DOWN NOW. WE’VE BEEN GOING DOWN NOW.>>WE ARE ABOUT TO HAVE OUR>>WE ARE ABOUT TO HAVE OUR THIRD RATE CUT SINCE JUNE. THIRD RATE CUT SINCE JUNE. THE FEDERAL RESERVE IS PROBABLY THE FEDERAL RESERVE IS PROBABLY GOING TO CUT RATES AROUND 2:00 GOING TO CUT RATES AROUND 2:00 RIGHT NOW, WHICH MEANS THE RIGHT NOW, WHICH MEANS THE FEDERAL FUNDS WILL GO LOWER AND FEDERAL FUNDS WILL GO LOWER AND THAT’S REALLY THE RATE CREDIT THAT’S REALLY THE RATE CREDIT CARDS ARE BASED ON, CAR LOANS. CARDS ARE BASED ON, CAR LOANS. SO WE’VE SEEN THE RATE ZIP DOWN, SO WE’VE SEEN THE RATE ZIP DOWN, BUT THE CUT RATES HAVE MORE BUT THE CUT RATES HAVE MORE SPENDING, COULD LEAD TO MORE SPENDING, COULD LEAD TO MORE EXPANSION, MORE HIRING, AND THE EXPANSION, MORE HIRING, AND THE CONSUMER SPENDING HELPS PROP UP CONSUMER SPENDING HELPS PROP UP THE ECONOMY. THE ECONOMY. THE PROBLEM IS THIS HAS BEEN THE PROBLEM IS THIS HAS BEEN HAPPENING NOW — THIS WILL BE HAPPENING NOW — THIS WILL BE THE THIRD RATE CUT. THE THIRD RATE CUT.>>LET’S PUT ALL THAT SIDE.>>LET’S PUT ALL THAT SIDE. LOOK AT THE STOCK MARKET. LOOK AT THE STOCK MARKET. THIS IS A HUGE RISE IN THE STOCK THIS IS A HUGE RISE IN THE STOCK MARKET. MARKET. THE PRESIDENT CONNECTS HIS THE PRESIDENT CONNECTS HIS SUCCESS WITH THE STOCK MARKET. SUCCESS WITH THE STOCK MARKET. THEY’RE NOT JUST RICH WALL THEY’RE NOT JUST RICH WALL STREET GUYS, THERE ARE 401(k)s, STREET GUYS, THERE ARE 401(k)s, RETIREMENT ACCOUNTS. RETIREMENT ACCOUNTS. PEOPLE LOOK AT THE STOCK MARKET PEOPLE LOOK AT THE STOCK MARKET AND FEEL GREAT ABOUT IT. AND FEEL GREAT ABOUT IT.>>STOCKS IN THE ECONOMY ARE>>STOCKS IN THE ECONOMY ARE VERY DIFFERENT, THOUGH, AND I VERY DIFFERENT, THOUGH, AND I KNOW YOU GUYS KNOW THAT. KNOW YOU GUYS KNOW THAT. BUT NOT EVERYBODY IS INVESTED. BUT NOT EVERYBODY IS INVESTED. ABOUT 45% OF THE COUNTRY IS ABOUT 45% OF THE COUNTRY IS INVESTED. INVESTED. SOME ARE INVESTED THROUGH SOME ARE INVESTED THROUGH 401(k)s. 401(k)s. IT’S A GREAT TIME TO BE INVESTED

80 Comments

  1. AT the end? Look at who is saying this crap. EVAN they have trouble saying this with a straight face. VOTE BLUE TO MAKE AMERICA GREAT AGAIN

  2. It will not work the FED only feeds the bubble and makes it larger. There is only one way to stop the comming disaster. Balance the books, the solidity of the banks have been undermined by the Obama rules being taken away by Trump and the Republican party, feeding the bubble is the wurst thing the FED can do.

  3. If you lose your job or work part time but run up your credit cards living the life yeah, you would look like you are balling. Deficit?

  4. 1.9% growth, with that humongous tax cut? And were only borrowing a trillion a year? Yes, give me 4 more years of this, whoopie!!!!

  5. They keep saying the economy is great but for who? Under paid jobs with people living under the poverty line, or having to work 2 jobs just to stay current. Not to mention the average American don’t have $1,000 bucks in their bank account…the government loves lying or miss leading its citizens..not to mention we have a homeless epidemic in this country and what do our fine Republicans do? Give a giant tax cut to the rich and give the middle class pennies on the dollar. Sad

  6. Shout out to President Barack Obama and his very savvy advisors for giving us a strong economy when he handed it to Trumpty Dumbty.

  7. Thank you President Trump and Republicans for the amazin' economy.
    Please Congress put your silly stuff aside and approve USMCA for the sake of our country. Teachers depend on our markets for their retirement.
    China deal incoming.

  8. Twitter just banned political ads.

    THANK GOODNESS, now the Trump administration can’t make any more false advertising claiming things that never really happened. On Twitter, at least.

  9. So how to judge unemployment…is that because most of the middle and low income works are really working 2 or 3 jobs because you're not eligible to collect unemployment on part time work ( well SOME could, but the headache is not worth it). All this reassures is WALL STREET

  10. the issue is he can not cut rates unless its from millitary and education. also businesses have reverted to treating employees like crap with no rights, mantitory arbitration, may be fired without warning or reason given, and raises are considered heretical. all the fun stuff that was considered inhumane and why workers rights is not something that can be denied using forced arbitration.

  11. Hey MSNBC why haven't you posted the clip from Nicolle's show yesterday when she called Laura Ingram and her panelists "Chickenshit"????

  12. 45* is so incompetent, especially in business, that he is tanking the robust Obama economy that he inherited (it's actually been slowing down for years under 45*).

  13. This is frustrating. Working Americans, taxpaying Americans, follow the laws, while these rich SOBs rob us blind! Why am I bothering to pay my taxes? I'm sick of being the one expected to have ethics, while the rich trample all over us!

  14. Oh so the Isis video must come out today because trump needs to change the news! Well he did the crimes & he can't stand zero Senate Republicans standing up for him. They can not risk their future on this lying sneak. Rudy will get charged & every support will fall away. But trump brought this on himself.

  15. Rate cutting means the economy has slowed down. 3 in one year is not good. The question to ask Trump is what happened to the strong economy he inherited. FYI China is not paying the tarrifs. We are.

  16. The USA and Trump are doing fantastic. Economy booming, record low unemployment and he's got the feds under watch. Great to see. Cheers from Toronto

  17. The economy is great unless you're a farmer, a factory worker, a coal miner, and/or a member of the growing lower middle class – about half of us.

  18. Booming Economy..? Why the ENDLESS 'MASSIVE' QE BANK BAILOUTS..? (Printing money out of thin air.) Why is 'the Fed' BUYING STOCKS..?

  19. They lie about the economy doing good, employees watch as your boss is not around and now you got a dead end job . All the money in off shore accounts, 401k stolen by your boss .haha trumps America

  20. This country is booming 💥💥💥💥
    JOBS 💥
    Stock market 💥
    Unemployment 💥
    Consumer confidence 💥💥💥💥💥💥💥💥
    Trade 💥
    Tax cuts 💥
    NATO finally paying 💥
    Thank you president Trump
    For the democrats 🎣🎣🎣🎣🎣🎣🎣🎣🎣🎣🎣🎣🎣🎣🎣🎣🎣🎣 good luck on another fishing expedition. Hahahaha
    😭😭🤯🤯🤬🤬😤😤
    You have to feel sorry for these people. 🤪🤪

  21. They got laid off during Bush, worked part-time during Obama, & went homeless during Trump. Yep, Trump does a great job keeping Americans irrelevant & off the charts.

  22. Total B$, there is one and ONLY one reason for any business to hire more employees, WHEN THEY HAVE TO! Don't need to but can afford to = PROFIT!!!!!

  23. the Stock Market is all a confidence system…literally anyone can do what trump did… do away with all regulations, give a big tax break so companies can buy back their own stock, have the fed pumping billions into the the system to the tune of 30 billion a day… sure the stock market will do good …. but it is all artificially inflated …when the bubble pops it will be bad … real bad…..

  24. I keep hoping the pressure gets to dump and he just has a fing heart attack and dies. I prefer a much slooooower death for dump but at this point I hate the thought of sharing air with the pos.

  25. How come no videos about the pentagon releasing the Baghdadi footage?
    Would that make your previous 2-3 day news cycle invalid?
    Lmao
    You people just eat up all the BS

  26. Hold on a sec. Are you telling me that t'rump told us something would be "the best ever" when in fact it may not be? 🤔
    *clutches fainting couch as I collapse on my pearls* 😆😅

  27. Steph…it bothers me when you say "look at the stock market". I love ya…but MOST of us normal people look at our groceries and other bills. My money buys me 6 fewer bags of groceries this month than it did 6 months ago. TALK to the people on the street NOT the people playing the stock market!!!

  28. The real 1% knows the markets and understand finances. Your 1% controlled orange puppet drumpf, just babbles B.S. to get the peasant to follow their lords & masters; as they dismantle and destroy our Democracy.

  29. This will be the 3rd cut, July, September, and this one. They lie so much b/c we are going to fall big, period. They are just prolonging it for trump's election.

  30. unemployment is not Rock Bottom low! if you want a more accurate assessment then you might want to start factoring in the homeless population.

  31. Donnie on Obama's economy : It's “headed the wrong way”
    With a slowing economy and a recession looming, I guess it's job well done for a guy who loves to declare bankruptcy. He's always been great at turning a large fortune into a small one

  32. The USA, land of the "alternative fact". Land of lies, land of dishonesty, of cowards, of scam artists, crooks, cheats and con men. You were founded on genocide and land theft, you were built on the backs of 240 years of slavery. You are backward, corrupt, and have no moral values. Trump is simply a product of his culture.

  33. Fed will continue cut rate in DEC. Do not be cheat by FED and wall street. They keep telling you FED is independent. But actually they will continue to support DEC. Rate cut since Powell want to be next chairman and other person want to next nomination. Trump will keep pushing them to cut rate until 0.

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