When do you expect to make your announcement about the new Fed chair, sir. Before the end of the year, what what what do you think >> over the next couple of weeks. ...

With the skepticism surrounding the inflation data, what should you do with your money. Do you go all in on stocks. Do you proceed with some more caution.Let's ask Rebecca Patterson, independent director at Vanguard and the former chief investment strategist at Bridgewwater. Great to see you first of all. >> Good to see you.>> Do do you I hate to put it quite this way. Do you care about the the vagaries of whether this report is reliable or not. Can you can you wait it out.Do you look to the market reaction ...

President Trump said he was interviewing “three or four” candidates for Federal Reserve chair and expected to have a decision pretty quickly https://t.co/GW1MolrViX ...

Inflation Overview - November year-over-year inflation rose by 27%, lower than economists' expectation of 31% [1][5] - The Bureau of Labor Statistics did not collect October data due to government shutdown [2][6][14][15][16] - The Federal Reserve ideally prefers inflation to be closer to 2% [7] Consumer Spending & Prices - Food prices increased by 26% year-over-year, lower than the previous reading of 31% [9] - Energy costs increased by 42% year-over-year, with electricity costs up by approximately 7% [10] - Shelter costs increased by 3% year-over-year, slower than the previous reading of 32% or 36% [11] - Apparel costs were essentially flat, up by two-tenths of a percent year-over-year [12] Federal Reserve & Interest Rates - There is approximately a 25% chance the Federal Reserve will cut interest rates at the January 28th meeting [12] - The Federal Reserve may cut rates once or twice in 2026, depending on the labor market [12][13] - Weaker jobs data could lead the Federal Reserve to cut rates more than once in 2026, potentially triggering some inflation [13]

Inflation Data Summary - Inflation pressures eased more than expected in November, with the Consumer Price Index (CPI) rising 2.7% year-over-year, lower than the anticipated 3.1% increase [1] - On a core basis, which excludes food and energy costs, prices increased by 2.6% year-over-year, also below the expected 3.1% [2] - The November report is significant as it is the first inflation reading since October's report was canceled due to a government shutdown, providing no month-on-month comparisons for consumer prices [2][3] Economic Context - In September, the last month with available inflation data, both headline and core CPI measures rose by 3% compared to the same month the previous year [3] - The November jobs report indicated more job creation than expected, but the unemployment rate reached a four-year high [4] - The Federal Reserve aims for a 2% inflation target, as measured by the core personal consumption expenditures (PCE) index, which showed a 2.8% increase year-over-year in the latest data [4] Market Expectations - Economists at Bank of America predict that goods inflation will remain "sticky" due to tariffs, while services inflation may soften, influenced by health insurance costs [5] - This mixed inflation dynamic is likely to keep the Federal Reserve from making rate cuts at the end of its January meeting, with a current market expectation of a 25% chance of a rate cut next month [5] - The Fed's forecasts indicate it may only cut rates one more time in 2026 after a series of cuts in late 2025 [6]

Economic Outlook & Inflation - Vanguard expects a mixed CPI picture with some components trending down, but pressures remain due to tariffs and food prices [2] - Tariffs and a less restrictive Fed than perceived could keep inflation above 2% [10] - The focus for 2026 is expected to shift from inflation to growth [11] Labor Market - The US labor market has effectively stalled and is in a holding pattern due to supply and demand factors [5][6] - Acceleration in retirements and slowed immigration have pushed down the break-even rate [7] - Job growth is strong in occupations with high AI exposure [7] - Younger worker job growth is at historical levels, contradicting some narratives [8] Investment & Growth - AI-related investment will be the ultimate factor influencing the US economy, particularly in the back half of the year, posing an upside risk [4][5] - Investment spending and business confidence will determine the risk to the economy in 2026 [9] - Higher productivity and innovation rates could lead to higher growth without higher rates, similar to the late 1990s [12][13] - A 4% 10-year Treasury yield is possible with stable inflation and a 2.5-3% GDP growth due to increased capacity, not just demand [13][14]

🇺🇸 JUST IN: President Trump says he will soon announce the next chairman of the Federal Reserve, “someone who believes in lower interest rates by a lot.” https://t.co/8jQrEuCuwG ...

What do you make of the criticisms that you are too close to the president to be independent enough to be considered the next Fed chair. >> Well, well, it's true that I'm close to the president, we've worked together closely since 2017. I think that the idea that uh being close to the president and serving uh the president well uh disqualifies someone for any job.It just doesn't make any sense to me. The job of the Federal Reserve chair is to run the Federal Reserve independently. Uh it's also the job of th ...

“Does he become a technocrat again, or act like an agent of Trump?” On “The Intelligence” @currhenry analyses the frontrunner for the next head of America’s Federal Reserve https://t.co/8h4DUVT44N ...

Crypto prices experienced a rare spike higher just after U.S. stocks opened for trade on Wednesday, taking bitcoin (BTC) back above the $90,000 level for the first time since last weekend. Among possible bullish catalysts were continued big gains in metals prices, with silver ahead about 5% to a new record above $66 per ounce. Gold and copper were also each higher by more than 1%. Now leading in prediction markets to be the next chairman of the Federal Reserve, current Fed Governor Chris Waller was on t ...