Federal Reserve Governor Lisa Cook urged the U.S. Supreme Court on Thursday to reject President Donald Trump's unprecedented attempt to oust her from the central bank's board. ...

People tend to have amnesia when it comes to financial markets. It was only just a few months ago that max fear it was spreading like wildfire all across Wall Street. They swore on their life that tariffs would bring sky-high inflation to American consumers.That hasn't happened. You don't have to believe me either. Federal Reserve Chairman Jerome Powell, the boss, he said it himself yesterday.We're now collecting a good bit of revenue. The federal government collecting a good chunk of revenue, three or 400 ...

Core Viewpoint - The Federal Reserve Bank of Dallas President Lorie Logan advocates for modernizing the management of money market conditions to better achieve monetary policy objectives, suggesting a shift from targeting the federal funds lending market to managing liquidity to control the tri-party general collateral rate (TGCR) [1][2][3] Group 1: Proposed Changes - Logan emphasizes the need for the Federal Open Market Committee to prepare to target a different short-term interest rate, specifically the TGCR, which is more active and manageable with existing tools [2][3] - The current practice of targeting the federal funds rate is deemed fragile, with potential risks that could disrupt monetary conditions, prompting the need for reform [3] Group 2: Current Monetary Conditions - The Federal Reserve's current federal funds rate is set between 4% and 4.25% following a recent quarter percentage point cut, with the rate influenced by two other rates that manage bank reserves and money market funds [6] - The federal funds market has become less active due to the Fed's extensive provision of reserves during the financial crisis and the COVID-19 pandemic, complicating the management of monetary policy [7] Group 3: Future Challenges - The Fed is expected to face challenges in maintaining its interest rate target as liquidity conditions may tighten, leading to increased cash flow into Fed liquidity facilities [4] - The ongoing reduction of the Fed's balance sheet could introduce unexpected volatility in money markets, further complicating the monetary landscape [5]

Core Viewpoint - The Federal Reserve is set to introduce a more industry-friendly version of the "Basel III Endgame" capital rules by the end of 2025 or early 2026, responding to banking industry concerns about previous proposals that significantly increased capital requirements [1][2][3]. Group 1: Regulatory Changes - The Federal Reserve, along with the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, is actively working on a re-proposal of capital rules that align with global standards for risk measurement and capital assignment [2]. - The previous attempt under the Biden administration to increase capital requirements for large banks faced strong opposition and was ultimately abandoned [3]. - Current regulators, appointed by President Trump, are aiming to create a rule that addresses industry concerns and is expected to have a lighter capital impact on banks [4]. Group 2: Reconsideration of Capital Requirements - Regulators are considering "rightsizing" capital requirements imposed on larger banks following the 2008 financial crisis, suggesting that the post-crisis framework needs reevaluation [4]. - The effort led by the Fed Vice Chair for Supervision is framed as a reconsideration of existing requirements to enhance their effectiveness and efficiency, rather than a weakening of regulations [5]. - The intention is not to reduce the number of requirements or capital levels but to ensure that all regulations work cohesively and transparently [5][6].

Interest Rate Trends - In the fall of 2024, the Federal Reserve lowered the Fed funds rate by 100 basis points [1] - Contrary to expectations, the 10-year Treasury yield increased from 36% to 47% during the same period [2] - As of September 17th, the Fed has restarted its rate cutting cycle [3] - Before the cut, the 10-year Treasury yield was at 405%, and it slightly increased to 413% over the next 5 days [4] Inflation and Market Reaction - Analysts suggested the initial rate cuts were premature due to persistent inflation [2] - Headline inflation remains above the Fed's 2% target [2] - The modest increase in yield after the recent rate cut may indicate a market rotation into equities [4] - The bond market's inflation perception could change based on upcoming PCE and CPI data [5] Economic Concerns - Rising yields may be due to inflation concerns or the increasing amount of debt needing to be rolled over [5] - Reduced demand from China could impact the US [5]

Federal Reserve Governor Michelle Bowman says inflation is close enough to the central bank's target to justify more interest rate cuts at a Psaros Center for Financial Markets and Policy event at Georgetown University. ...

Monetary Policy - Federal Reserve 的 Michelle Bowman 表示通货膨胀接近目标，足以支持进一步降息 [1] - 劳动力市场正在走弱 [1]

Federal Reserve Bank of Kansas City President Jeff Schmid signaled the US central bank may not need to lower interest rates again soon, citing the need to keep bringing down inflation https://t.co/CxrBEMgCY4 ...

Federal Reserve Governor Stephen Miran says the US central bank risks damage to the economy by not moving rapidly to lower rates https://t.co/Wkgkx7uAc4 ...

Hello everyone. The Federal Reserve has finally admitted tariffs have not been inflationary. We're going to discuss whether the Fed should be replaced by artificial intelligence. I'm going to share my theory on why gold is surging higher. And John Narian is going to join us to dissect the current state of financial markets. We're live today from the desk of Anthony Pompiano. [Music] Before we get into today's show, I need your help. My goal is to get to 1 million subscribers on YouTube, but we only have 25, ...