This is not been. This is not a new idea. Scott Bessen brought it up during the campaign.The idea of a shadow Fed chair appointed early and I've talked with a couple of the people who are on the quote unquote list who say that they've heard that the president could do that. But everybody cautions the same thing. It's Donald Trump.So you have no idea what he's starting with. Alan Meltzer and Carl Bruner in the Fresh Water School from Rochester down to Virginia. There was a shadow said of more conservative mo ...

But your next guest says a power struggle at the Fed could actually boost stocks. Joining us now is the aforementioned David Zervos who has mysteriously taken the chair of Christina Parsons. That was quick. We just It's amazing how that happens in television. Two Greeks though, I think, right? One Greek for another. That's fantastic. No, no judgment. You're both equally great. Uh, thanks for joining us, David. Always a pleasure. Why would a fight at the Fed be good for stocks? I don't think there's a fight. ...

Chicago Fair President Austin Goulby joins us now exclusively here on CNBC. Austin, you heard the data and I don't need you to comment on the details of the data unless of course you want to, but the everything looks like it's doing a little better. You know, the desert island indicator jobless claims it just really fails to go up and maybe it's it it it's green going to yellow, but it's just barely.So, what's your take on this data. I mean, I thought two things. One, I gotta go I gotta get Rick over to the ...

Fed Chair Jerome Powell testifies before the The Senate Banking, Housing, and Urban Affairs Committee on “The Semiannual Monetary Policy Report to the Congress.” ...

You look back and you're teaching a history class. What what would you blame that increase in prices on back in that time period. So I'll start with the fact that it was extremely global.So we saw that there were literally was a point at which not a single country in the world had inflation 2% or below. So it was everywhere. So you have to look to common factors.And I would say that the pandemic and the closing of the global economy and then the reopening of it in all cases with some support, that's that's ...

The Investment Committee react to Fed Chairman Powell's testimony at the House Hearing on Monetary Policy in Washington. CNBC’s Steve Liesman joins us with the latest. ...

Walk on the street. I'm Steve Leeman. The big Fed news of the morning, of course, is Fed Chair Powell in his testimony before Congress pushing back against the possibility of a July rate cut from two of his committee members.More on that in just a second. But first, we have new comments from Cleveland President Beth Hammock adding to the chair's view that rates should remain on hold. She says she does not see economic weakening that would merit rate cuts.The risk to maintaining current policy, she says, app ...

Fed Chair Jay Pal is out with some comments on the economy. This happened just moments ago and our Steve Leeman joins us right now with more. Steve, Becky, thank you.Fed Chair Jay Powell in testimony before Congress today will maintain his views on the economy uh policy and tariffs in his uh press conference last week saying the Fed is well positioned to learn more about the course of the economy before adjusting policy. The Fed, he says, needs to prevent a one-time price increase from tariffs from becoming ...

Federal Reserve Chair Jerome Powell testifies before the House Financial Services Committee on “The Federal Reserve’s Semi-Annual Monetary Policy Report.” ...

Investment Rating - The report maintains a base case view that oil prices will drift lower, with forecasts of US$66 per barrel for 2025 and US$58 per barrel for 2026 [3][18]. Core Insights - The recent spike in crude oil prices, rising over 15% to approximately US$75 per barrel, is attributed to geopolitical tensions, particularly fears of conflict between Israel and Iran [2]. - The report suggests that the inflationary impact of a sustained US$10 per barrel increase in oil prices will be limited across Asia, with an average CPI impact of 0.2 percentage points [5][12]. - The analysis indicates that the impact on GDP growth from rising oil prices is marginal, estimated at an average drag of 0.1 percentage points [16]. - Major energy importers in Asia, such as Thailand and Korea, are expected to bear the brunt of higher oil prices, with trade balances negatively affected [17][21]. Summary by Sections Oil Price Impact - A sustained increase in oil prices could lead to a surge in prices to US$120-130 per barrel in extreme geopolitical scenarios [3]. - The report highlights that the initial inflationary impact from a US$10 per barrel increase is manageable, with economies like the Philippines and Thailand experiencing more noticeable effects due to efficient pass-through mechanisms [5][6]. Inflation and Monetary Policy - The report concludes that the current oil price increase will not significantly disrupt the rate cut cycle in Asia, as inflation is expected to remain within target ranges for most economies [18][20]. - For economies like Korea, Malaysia, Indonesia, and Singapore, oil prices in the range of US$75-90 per barrel could complicate monetary policy responses [12][20]. Trade Balance and External Accounts - The report notes that the impact on trade balances varies across the region, with major energy importers facing a higher burden from increased oil prices [16][21]. - The report emphasizes that the current external accounts are stronger compared to previous periods of energy price shocks, which should help mitigate some negative effects [17].