LOWER AT 3.5%, 76 $.06 AS POSSIBLY DIPLOMACY COULD RULE THE DAY. POWELL'S BIGGEST CRITIC. PRES.TRUMP: WE HAVE A STUPID PERSON AT THE FED. HE IS A POLITICAL GUY WHO'S NOT A SMART PERSON. WHAT I WILL DO, HE GETS OUT AND ABOUT NINE MONTHS.HE GETS TERMINATED. MAYBE I SHOULD GO TO THE FIT. MY ALLOWED TO APPOINT MYSELF AT THE FED.I WOULD DO A MUCH BETTER JOB. WE SHOULD BE TWO POINTS LOWER. LISA: PRESIDENT DONALD TRUMP CONTINUING HIS CRITICISM OF THE FED CHAIR, WRITING ON TRUTH SOCIAL "TOO LATE JEROME POWELL IS CO ...

I'm pleased to uh bring in uh Fed Governor Christopher Waller. Uh he is um joining us this morning from Washington. Good morning, Governor Waller. Good morning, Steve.Thanks for having me on. Uh thank thanks for joining us. Um I just want to begin um big debate and you can see it in the outlook for rates at the at at uh from the uh summer of economic projections.Where do you stand in this debate right now over how much concern we all should have over coming potential inflation from tariffs. Steve, you know, ...

We've had the decision from the MPC to keep interest rates unchanged by a margin of 6 to 3, a bit closer than some had expected. Just take us through the thinking there. So we decided to hold rates at 4.25%.Today, we have been able to cut rates four times over the last year. But given the uncertainty facing the economy, we decided to hold at this event. And one of those uncertainties, of course, are the unfolding events in the Middle East and the impact that could have on the oil price.At what point would t ...

We spoke just a few moments ago about what we were expecting. 7-2 seems to have been the consensus a little bit may be more dovish in terms of the vote split. That looks like it, Guy.Absolutely. As you say, the hold was widely expected, but all the focus as your last guest was also saying, is on whether the break down was going to be seven members of the monetary policy committee voting to to hold and to for a quarter point cut. But in fact, we've got three for a quarter point cut.And it looks like the addi ...

The President of the Swiss National Bank said the strong Swiss franc was one factor influencing the SNB's decision to cut its interest rate to zero. Martin Schlegel also said that Switzerland was ready to intervene in the FX market if necessary. Schlegel spoke with Bloomberg’s Bastian Benrath in Zurich. 00:00 - SNB interest rate decision 00:58 - Swiss franc, currency 01:52 - Oil prices, inflation, effect on economy, intervention in FX market, monetary policy 04:55 - Tariffs, trade, impact on Swiss economy 0 ...

Good afternoon. My colleagues and I remain squarely focused on achieving our dualmandate goals of maximum employment and stable prices for the benefit of the American people. Breaking news.The FOMC meeting took place today. Fed Chair Jerome Powell made an interesting announcement shortly after. The news is this.The Federal Reserve leaves interest rates unchanged. Despite elevated uncertainty, the economy is in a solid position. The unemployment rate remains low and the labor market is at or near maximum emp ...

>> THE FED REVISING HIGHER ITS INFLATION EXPECTATION, REVISING LOWER ITS ECONOMIC EXPECTATIONS BUT LEAVING A DOT PLOT IN PLACE THAT SUGGESTS TWO RATE CUTS LATER IN THE YEAR. I'M ROMAINE BOSTICK. ALIX: I'M ALIX STEEL, WOULD YOU ARE 10 MINUTES FROM THE CLOSING BELL.NOTHING IN THE MARKET. A SNOOZER IN TERMS OF MARKET REACTION, PROBABLY EXACTLY WHAT THE FED WANTED. THE TWO YEAR YIELD DOWN JUST ONE BASIS POINT.SUPER CALM HONESTLY. ROMAINE: RATES STAYING EXACTLY WHERE THEY ARE. BASICALLY WHERE THEY HAVE BEEN AT E ...

Our obligation is to keep longerterm inflation expectations well anchored and to prevent a one-time increase in the price level from becoming an ongoing inflation problem. As we act to meet that obligation, we will balance our maximum employment and price stability mandates, keeping in mind that without price stability, we cannot achieve the long periods of strong labor market conditions that benefit all Americans. We may find ourselves in the challenging scenario in which our dual mandate goals are intenti ...

The Federal Open Market Committee decided to leave our policy interest rate unchanged. We believe that the current stance of monetary policy leaves us well positioned to respond in a timely way to potential economic developments. The effects of tariffs will depend, among other things, on their ultimate level.Expectations of that level and thus of the related economic effects reached a peak in April and have since declined. Even so, increases in tariffs this year are likely to push up prices and weigh on eco ...

I was wondering if you could step back a little bit, Chair Powell. Um, you know, there's a spade of articles and a lot of op-eds now in the newspapers saying that the US economy and the global economy is going through this profound change, you know, under akin to the end of the Bretton Woods era in the 1970s. And don't you owe the American people like some sort of like explanation for what's we're going through.I mean, I I noticed earlier this month when you talked about Bretton Woods a little bit and you s ...