Monetary Policy - Fed President Raphael Bostic favors keeping rates steady until it is clear the central bank is on track to reach its 2% inflation goal [1] Economic Outlook - Inflation remains the greater risk to the economy [1]

Our next guest is going to give us his insights on the economy, the Fed's rate path, and so much more. Joining us at the table, PIMCO's global economic adviser, Richard Clarah. He's uh former uh Fed vice chairman.Good morning to you. We got I normally I'd say, what do you think of the data, but we don't really have data. Or maybe we do.What What data are you looking at right now. Actually, >> you know, you get things like ADP on the labor market. There's something up in Boston that scrapes prices from Amazo ...

🇺🇸 LATEST: Fed Governor Stephen Miran says growing stablecoin demand could push down interest rates, predicting the market could hit $3 trillion in the next 5 years. https://t.co/TercUihJE3 ...

Fed Governor Miran calls stablecoins 'a force to be reckoned with' that could put downward pressure on interest rates https://t.co/t774DS4485 ...

Steve Leeman, our senior economics correspondent, joining us with that. What do we know here, Steve. >> Uh, interesting comments from Steven Myron, the new Fed governor who is on a leave of absence from the administration about stable coins and the potential effect on monetary policy.He calls stable coins could be the multi-mill trillion dollar elephant in the room for central banks. Stable coins, he says, uh, could reach 1 to3 trillion dollars by the end of the decade, the uptake of it that is. and stable ...

BlackRock executive Rick Rieder, who is among those being considered to succeed Federal Reserve Chair Jerome Powell, said the labor market is softening and interest rates should be lowered to 3% https://t.co/nE18duphUa ...

Federal Reserve Vice Chair Philip Jefferson said the US central bank should move cautiously given that interest rates had been lowered closer to a neutral level https://t.co/I7lbAVH4Fc ...

In a normal world, we would get the October jobs report tomorrow. We would find out how many people were hired, laid off, and out of work. This is crucial information for the Federal Reserve as it weighs what to do with interest rates, but also for everyday Americans who are looking for work, for businesses who are trying to plan ahead.But with a government shutdown, we are flying blind without any official government hard data. and it has led us to rely on reports from private firms like Challenger. It est ...

Fed Independence & Political Influence - The president believes in Fed independence but will express his opinions freely [1] - Every president likely desires lower interest rates, even if higher rates benefit the long-term economy, due to potential negative impacts on the next election [2] Potential Future Actions - The market is waiting to see who the president will pick as Fed chair [1]

Tariffs and Trade - The administration believes the president has the authority to decide what constitutes a foreign policy emergency and implement tariffs [2][3] - Tariffs are considered a key tool to address trade deficits and enhance national security, interwoven with economic security [7] - Nearly $200 billion in tariff revenue has been collected as of September 30th [10] - Reversing or watering down the tariff policy could damage financial markets and confidence [12] - Contingency plans exist to implement tariffs through other avenues if the court rules against the administration [16] Economic Impact and Policy - The administration views tariffs as a centerpiece of the economic agenda, crucial for re-industrialization and attracting foreign capital [8] - A negative court ruling on tariffs could cause unnecessary economic pain and hardship [8] - The government shutdown could lead to a loss of up to $15 billion a week, potentially reducing GDP by half a percentage point [20][21] - The Treasury increased bill issuance to rebuild its balance, with bill issuance around 20% of total issuance, aligning with the historical average [24] - The administration believes interest rates are too high and hopes the Federal Reserve will lower rates, which would help the housing sector [24][25]