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Trump on Powell: 'I'd love him to resign'
CNBC Television· 2025-06-30 13:19
I'd love him to resign if he wanted to. He's done lousy job. Look, uh, if you were there, you'd say, well, you know, the United States is doing well.They have no inflation, and if they do get inflation in a year or two, we'll put we'll start raising the rates. We'll get rid of the inflation, you know, and do other things. Uh, Biden had the worst inflation in the history of our country, 19%, but I think it was much higher than that.Frankly, they say 19%, they say. I think it's a lot higher than that. And we ...
X @Bloomberg
Bloomberg· 2025-06-29 07:25
Any measures to ease inflation in Japan must be speedy and shouldn’t impede the government’s ability to fund social services, Japan’s Prime Minister Shigeru Ishiba said https://t.co/aYQJ7rOrTY ...
Wouldn't cut rates at this point, says former Fed Governor Daniel Tarullo
CNBC Television· 2025-06-27 13:25
he's a very stupid person, actually. >> Well, President Trump's battle with Fed Chair Jay Powell taking another turn this week or another leg down. I suppose those attacks coming as the Wall Street Journal reported this week that the president may announce Powell's replacement by early this fall.The white House yesterday denying that the president is close to announcing Powell's successor. And joining us right now is former Federal Reserve Governor Daniel Tarullo. He led the central bank's regulatory reform ...
X @Bloomberg
Bloomberg· 2025-06-27 12:13
Interest Rate Outlook - Federal Reserve Bank of Minneapolis President Neel Kashkari anticipates two interest-rate cuts as likely this year [1] Inflation Risk - Tariffs could potentially have a delayed impact on inflation [1]
Top vie candidates vie for President's attention as Trump considers Powell's replacement
CNBC Television· 2025-06-27 11:50
I guarantee you threequarters of the country doesn't know what the hell the Fed is. So you do not have all eyes on the Fed. Well, on that note, Fed Chair Jay Pal has been under extreme pressure to cut interest rates from within and outside the Fed.Senior economics reporter Steve Leeman is here. He takes a look at where it's coming from and where it's going to. Just kidding.And possible motives. Welcome, Steve. Thank you, Becky.The pressure on Powell to cut rates comes from the president, some in Congress, a ...
Sen. Elizabeth Warren: I want to see interest rates come down
CNBC Television· 2025-06-26 13:02
Fed Chair Jay Pal faced two days of grilling on Capitol Hill. Yesterday, Senator Elizabeth Warren asked why the Fed's inflation forecast is now higher than it was just six months ago. Senator Warren joins us this morning. She's the lead Democrat on the banking committee. And Senator, thank you for being with us this morning. Happy to be with you. Why don't we get at your line of question from yesterday? Um, you were really getting at this idea of where inflation targets for the Fed are headed. What What's u ...
Powell: If we make a mistake, 'people will pay the cost for a long time'
CNBC Television· 2025-06-25 16:30
Federal Reserve Chair Jerome Powell on Wednesday emphasized the central bank’s commitment to keeping inflation in check, saying he expects policymakers to stay on hold until they have a better handle on the impact tariffs will have on prices. He noted that inflation is still above the Fed’s 2% target, with the impact that President Donald Trump’s tariffs will have still unclear. The cautious tones could further antagonize Trump, who has ramped up his long-standing criticism of Powell. ...
Wharton's Siegel Sees a Lot of Positives for Stocks
Bloomberg Television· 2025-06-25 11:41
Is the pain trade now to the up or to the downside. I think the tendency is definitely up that the trend is up. I mean, the you know, if the ceasefire holds, it looks good now.That's a that's a tremendous plus for the markets. I think, you know, all time highs for the S&P are virtually a foregone conclusion now and and further highs after after that. I mean, Powell was flexible.Clearly, Congress wants interest rates to go down and a number of Fed officials do. That could be a positive. I think they should g ...
Fed Chair Powell: The best thing we can do for housing is restore price stability
CNBC Television· 2025-06-24 15:12
Thank you so much, Mr. . Chairman. Um, Chair Pal, last month there was research published um in the Journal of Urban Health that found that more than half of black women of reproductive age, that's the term they use, in the counties that I represent that had experienced some sort of eviction during their lifetime.Um, so that's like 50% of black women in the two two largest county, Wayne County and Oakland County and Michigan. Um, and these numbers are horrific. Um, as you know, were you aware of that.No, I ...
Fed Chair Powell: Rate decision depends on path of the economy, highly uncertain
CNBC Television· 2025-06-24 14:58
branch. What's your thought about her. Quote.>> I personally think that's a very reasonable way to think about it. >> Thank you very much. I yield back.The gentleman from New York is recognized for five minutes. >> Thank you, Mr. . Chairman.Good morning, Mr. . Chair. Chair Powell, and thank you for being here.Last week, the FOMC decided to maintain the target range for the federal funds rate at four and a quarter to 4.5%. While I was not surprised by the decision to hold rates steady, I was surprised by the ...