Joining us now, the former chair of the National Economic Council of Adviserss under President Biden, Jared Bernstein. Welcome back, Jared. It's always good to see you.So, let's start with what the Commerce Secretary was talking about there and this kind of whiplash in the markets last week to news that Trump considered firing Federal Reserve Chair Jerome Powell. Markets then dropped, but Trump backed off, saying it was highly unlikely, but he doesn't rule it out. So, the Wall Street Journal reports Treasur ...

If President Trump succeeds in forcing out Fed Chair Jerome Powell, the Federal Reserve would no longer be an independent check on inflation, @greg_ip writes https://t.co/wyR2zcifvd ...

Donald Trump's attacks on the Fed are not just about its chairman, Jerome Powell. In fact, they're not really about Jerome Powell at all. The attacks are about whether we still believe America's central bank should be insulated from political interference.It's about turning one of the most trusted financial institutions in the world into a partisan weapon. And it's understandable if you don't think that much about the Fed at all. But the consequences of Trump's relentless attacks on Powell are more dangerou ...

specifically and this is also the most common or most natural thing people are are thinking about here is it will improve forecasting and I think this is sort of where everybody's interested how are interest rates going how does the economy develop going forward how is inflation going forward so here we're going to see a lot already happening in terms of AI and I think here there's also a lot to learn going forward is it likely to make forecasting more accurate do you think I think definitely so I think one ...

Federal Reserve Governor Christopher Waller said worries about hiring in the private sector have driven his call for the central bank to cut rates this month https://t.co/12Wo7vgCjS ...

Does President Trump have the authority to fire Federal Reserve Chairman Jerome Powell? https://t.co/boCT9en1Ez ...

Maybe you hate JPAL. Maybe you love him. Maybe you have no idea who he is.Regardless, what you need to know is that he's in charge of the Federal Reserve. So, he controls what's known as short rates. That means the short-term interest rates there are are like the ones you borrowed today and pay me back to bar.The president appoints the head of the Federal Reserve, and in this case, it was President Trump who hired Pal during his first term. Trump now thinks Pal's doing a terrible job because he won't cut in ...

Monetary Policy & Federal Reserve - The speaker suggests the US economy is at a transformational moment and could be entering a golden age with the right policies [5][6] - The speaker expresses concern that the Federal Reserve (Fed) is using outdated models and governance, potentially hindering recognition of a productivity boom [7] - The speaker advocates for "regime change" at the Fed, criticizing the current monetary policy approach and lack of credibility [13] - The speaker points out the Fed's inconsistent actions, such as emergency rate cuts followed by a hawkish stance, questioning the institution's stability [14] - The speaker emphasizes the need for more robust discussion and diverse ideas within the Fed, rather than groupthink based on outdated models [18] - The speaker proposes a new theory of inflation, suggesting it's driven by excessive government spending and money printing, which is not adequately considered by the Fed [19] - The speaker stresses the importance of independent operation in monetary policy, but criticizes the Fed for venturing into areas outside its expertise, such as climate change and diversity, equity, and inclusion [22][23] - The speaker accuses the Fed of blaming external factors like Vladimir Putin and pandemic supply chains for inflation, rather than taking responsibility for its own policy choices [26][27] Leadership & Independence - The speaker believes the next Fed chairman should be independent and act according to what they believe is right, regardless of White House advice [21] - The speaker references Paul Volcker's era as an example of a Fed chairman who brought about regime change and reestablished credibility [17]

Federal Reserve Independence - JPMorgan's Ilan Benhamou认为美联储不受政治压力影响的观点是“无稽之谈”[1]

President Trump says he's not planning to fire Federal Reserve Chair Jerome Powell. I I don't rule out anything, but I think it's highly unlikely. But in recent days, the Trump administration has been ramping up its pressure on the Fed chair over a $2.5% billion renovation of the central bank's office buildings overlooking the National Mall in Washington. People are taking seriously this is a credible threat to possibly try to remove the Fed chair. He should have cut interest rates a long time ago. Donald T ...