followed all the twists and turns for us today and got us up to speed with where we are. I mean, what a day. Grasso I'm just going to going to start right there.Do you think that this I know we're not all policy experts here but was this at all sort of strategic and attempt to like lob out the idea how markets reacted. Yeah. And then take it from there.>> He's done that before I think I think he he is good at doing that. That's part of his strategy I don't think that he the term is up in May 2026. So I don' ...

Federal Reserve & Monetary Policy - The independence of the Federal Reserve is crucial for the stability of the U.S financial system [2][3][6] - Political interference with the Fed, such as attempts to fire the chair, could destabilize markets and damage U.S credibility [2][4][6] - The appointment of a Fed chair should prioritize independence and economic expertise over loyalty to the president [5][9][10] - The market reacted negatively when there were indications of political interference with the Fed [2][3] Cryptocurrency Regulation - Strong crypto regulation is needed, but the proposed Stablecoin bill and Clarity Act are considered weak and industry-written [12] - Concerns exist that current crypto legislation lacks sufficient safeguards for consumer protection and could be exploited by illicit actors [13] - The Clarity Act contains a provision that could allow companies to opt out of SEC regulation by digitizing themselves on the blockchain, potentially harming the New York Stock Exchange [13][14][15] Government Spending & Appropriations - Republicans are attempting to retract previously agreed-upon budget allocations, specifically targeting U.S aid programs [16][17] - Proposed cuts to U.S aid include reductions in food aid and assistance for countries dealing with AIDS epidemics [17] - These cuts are viewed as detrimental to global health and potentially harmful to U.S interests [18]

Let's bring in Pollson Perspectives author Jim Paulson. Jim, good to see you. So, does the market think an attempted Powell firing isn't going to happen or it just doesn't matter if it does.I I don't think anyone really believes that's going to happen, John. I I think that what happened today with Trump to me fits Trump's MMO uh and how he negotiates and how he how he deals with adversaries or what he perceives as adversary. He delivers threats.He his idea of negotiation is to drop a concussion bomb inside ...

And joining me now is New York Republican Congresswoman Nicole Miley Takis. Congresswoman, thank you so much for joining us here on Meet the Press. Now, thank you.So, Congresswoman, Vice President Vance is on the road today selling that so-called one big beautiful bill. Now, this does come as a new CNN poll has a majority of respondents opposing uh the bill. So, public opinion on the legislation could be vital in next year's elections.How do Republicans sell it. Well, I think as people see the benefits kick ...

Do you have plans uh or if you're back considering firing Jerome Powell. Um and what's your justification if if you're thinking about this to do this. Too late. He's always been too late, hence his nickname, too late.Uh he should have cut interest rates a long time ago. The country's become so successful that it doesn't have a big impact. But it does hurt people wanting to get a mortgage. Uh people want to buy a house.He's a terrible he's a terrible Fed chair. I was surprised he was appointed. I was surpris ...

Do you have plans uh or if you're back considering firing Jerome Powell. Um and what's your justification if if you're thinking about this to do this. He's too late. He's always been too late, hence his nickname, too late.Uh he should have cut interest rates a long time ago. Europe has cut him 10 times in the short period of time, and we cut him none. Uh the only time he cut him was just before the election to try and help uh Kamla or Biden, whoever the hell it was, because nobody really knew.Uh obviously t ...

we're gathering more information. But I hope you saw yesterday, ambassador. >> You're not watching the.>> Halftime report. That was just video of the president at the. >> White House taking questions.>> After a report crossed that saying that Trump will likely fire Fed Chair Jerome Powell. >> Quote, unquote. >> Soon, according to a white House official.The president. >> Now saying. >> That is highly unlikely when you get over to our Megan Cassella live in D.C. With much more on this story. >> Megan.>> Hey. ...

Do you have plans uh or if you're back considering firing Jerome Powell? Um and what's your justification if if you're thinking about this to do this? Too late. He's always been too late, hence his nickname, too late. Uh he should have cut interest rates a long time ago. Europe has cut him 10 times in the short period of time, and we cut him none. The only time he cut him was just before the election to try and help uh Kamala or Biden, whoever the hell it was, because nobody really knew. Uh obviously that d ...

Inflation and Tariffs - Tariffs haven't materially increased inflation yet, but the situation is still evolving [2] - The impact of tariffs on pricing power and margins remains uncertain as companies assess demand elasticity [14][15] - The US has collected $266 billion in tariffs, surprisingly without sparking inflation [12] Monetary Policy and Economic Outlook - The Fed is waiting for clearer signs of labor market weakening before making further moves, influenced by political pressure [3] - A stable inflation rate of 25% to 3% and growth around 15% are considered acceptable [4] - Fiscal stimulus is driving demand, but supply-side productivity enhancements are crucial [5] Productivity and Innovation - There's significant potential for productivity growth driven by AI, life sciences, and robotics [6] - Increased productivity could raise the economy's speed limit [7] Risks and Challenges - Potential threats include the bond market's ability to absorb new issuance, the ultimate tariff regime, and Fed policy [7][8] - A too-tight Fed policy could negatively impact the economy [8] Bond Market and Interest Rates - The next big move for the 10-year Treasury yield is expected to be higher [9] - Even with Fed cuts, the yield curve is expected to steepen due to fiscal policy [10] - A 10-year Treasury yield between 45% and 5% and a 30-year yield above 5% are anticipated [10] Global Considerations - The US is less sensitive to interest rate moves compared to Japan, where rising rates could force institutional investors to sell foreign bond holdings [11][12]

Why is UK inflation so tough to bring down? And what does it mean for interest rates? https://t.co/hlnCfCPibx ...