Transcript
Shopify Salesperson (0:00)
What would you do if your online store converted 36% more shoppers? You could take 36% more vacation.
Jerome Powell (0:05)
Another pina colada?
Shopify Salesperson (0:07)
Yes, please. Open a new retail location with 36% more square feet.
Jerome Powell (0:11)
Fantastic.
Shopify Salesperson (0:12)
Hire 36% more help.
Jerome Powell (0:14)
You're hired and you're hired.
Shopify Salesperson (0:15)
Shopify has the world's best converting checkout up to 36% better than other e commerce platforms. What you do with those extra sales is up to you. Switch to Shopify today@shopify.com setup and get a $1 trial shopify.com setup when people
Orderly Meds Advertiser (0:29)
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Ron Filipkowski (2:00)
Donald Trump was just hit with nightmare news as the Federal Reserve Chairman Jerome Powell just went nuclear on him. The announcement today was Jerome Powell's last address regarding the interest rates and whether they would be cut or not. The Fed ultimately decided to leave interest rates unchanged, but a statement that came out from the Fed is very telling. Whereas previously the way inflation was described was somewhat elevated, right now inflation is being described as actually elevated and then When Federal Reserve Chairman Jerome Powell spoke, he said a number of things demonstrating just how catastrophic Donald Trump has been for the economy, making the dual mandate of the Federal Reserve virtually impossible as Trump has created essentially a stagflation environment. Notably, Federal Reserve Chairman Jerome Powell also stated that the legal action and the attacks on the Federal Reserve by the Trump regime are unprecedented, unprecedented in the institution's history. And Jerome Powell says that he fears for the independence of the Fed. Powerful words indeed. And Chairman Powell also said that when his term ends in May, as it's about to end and a new Federal Reserve chairman, it's going to be that guy Wash who was hanging out with Epstein. He's in the Epstein files when he becomes the new chairman of the Federal Reserve. Powell said, I'm not leaving. This is the first time that the Chairman of the Federal Reserve has not left since 1948 after filling their fulfilling their term as the Chairman of the Federal Reserve. Oftentimes you go into retirement and you don't just stay on as a Federal Reserve governor. But he goes, no, I'm gonna stay on, I'm gonna do my job quietly. Because he fears for the independence of the Fed. And he also knows that if he leaves, Donald Trump is likely going to continue to attack him. So he goes, nope, I'm gonna stay and I'm gonna see this out. I wanna show you specifically what Federal Reserve Chairman Jerome PO address regarding interest rate cuts where he said no interest rate cuts. Also, it certainly doesn't seem that there's going to be interest rate cuts anytime this year. I can't even imagine next year. I think if anything interest rates will likely be raised next year. And if you're saying, well Ben, isn't Donald Trump picking his guy to be the chairman and aren't they going to all then lower the interest rates? They really don't have the votes for that overall, especially if Jerome Powell is staying on, which he's doing cuz he doesn't trust the Trump regime. And when you look at PCE inflation right now it's at 3.5% year over year in March with core PCE at 3.2% with near term inflation expectations having moved higher, While long term expectations do remain consistent with a 2% target. But that target keeps getting moved back and back and back and back as Donald Trump keeps on engaging in conduct that's causing inflation. Here's what Jerome Powell said during his press conference where he goes. Energy prices haven't even come close to peaking yet here, let's play this clip
