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Fed Chair Powell: Not our job to comment on tariff policy
CNBC Television· 2025-06-24 14:54
going to have time for that. We're going to have to get to the Q&A. Maybe next time.Steven. Thank you. >> Here's a fed chair before a House Financial Services Committee.>> Into a recession. Chairman Powell, the latest FOMC statement described the economic activity have to continue to expand at a solid pace. And you just reiterated that in your testimony this morning.In your view, is the term recession and the economy growing at a solid pace. Are those synonymous with each other. I would say no.And you note ...
LIVE: Federal Reserve Chair Powell testifies before House committee on U.S. monetary policy—6/24/25
CNBC Television· 2025-06-24 13:26
Federal Reserve Chairman Jerome Powell delivers the Fed's semi-annual monetary policy report to the House Financial Services Committee on Tuesday. Powell on Tuesday 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. In remarks to be delivered to two congressional committees this week, Powell characterized economic growth as strong and the labor market to be around fu ...
NEC Director Kevin Hassett: 'Highly confident' we'll pass Pres. Trump's tax bill by July 4
CNBC Television· 2025-06-23 13:34
Following the strike uh on Iran, President Trump quickly turned his attention back uh to his um economic agenda, writing on Truth Social, great unity uh in the Republican party, perhaps unity uh like we've never seen before. Now, let's get the great big beautiful uh bill done. Our country is doing great.MAGA joining us now uh White House National Economic Council Director Kevin Hasset. And because of the the news over the weekend, uh Kevin, I I guess I before we we talk about the big beautiful uh bill in a ...
'Fast Money' traders talk the impact of tariffs on Fed policy
CNBC Television· 2025-06-20 21:46
Okay, we're gonna pass from Steve to Steve. So, Steve Graass, so I'm going to kick it off with you just because the name was top of mind. Nice.Uh, have Steve Leeman on more. Well, listen, two big interviews today. Waller made comments.I just don't know if anybody has any visibility, including Jay Pal on down about where things are going to be given we don't know what oil prices are going to do, inflation's going to do, tariffs are going to do. So, you know, when you look at uh the Treasury Secretary uh Bess ...
House GOP tax bill would add $2.8 trillion to U.S. deficit, CBO says: What it means for the economy
CNBC Television· 2025-06-20 19:09
[Music] The problem we have is we're on an unsustainable path in terms of the deficit and the debt and the bill that's working its way through Congress makes it much worse. Um, you know, you can have a debate as to whether you're adding three or$6 trillion dollars to the debt. Whichever end you're at, it's too much.I don't think that the notion that was done in 2017 should be in place for all time is correct. I understand the concern people have that this wouldn't be a great time to raise taxes. It's not a ...
Fed Chair Powell: It is possible that we will see higher energy prices
CNBC Television· 2025-06-18 19:55
Thank you. Uh, Chair Powell, Matt Egan from CNN. Relatively low gas prices this year have helped drive down inflation in recent reports, but that trend is starting to reverse given the crisis in the Middle East.How are you thinking about how the Israel Iran conflict will impact the economy especially inflation and what lessons were learned during the 2022 period when another conflict the Russia Ukraine war sent oil and gas prices skyrocketing. So of course we're watching like everybody else is uh what's goi ...
Fed Chair Powell: The best thing we can do for the public is to restore price stability
CNBC Television· 2025-06-18 19:25
Thanks, Chair Powell. Uh, Kelly O'Grady, CBS News. You're famously known as the guy that makes decision based on data instead of speculation.You've said today in the inflation data is in a good place. We don't know how tariffs are going to impact prices going forward. That's uncertain, but I've got to go back to the last time that you cut rates in December, and there was still the what if of tariffs.So what made you feel comfortable cutting then when inflation was higher than where it is today and you didn' ...
Fed Chair Powell: We do see price increases in a few categories due to tariffs
CNBC Television· 2025-06-18 19:10
what extent has the more limited impact from tariffs at this stage on inflation changed your view on what the ultimate economic fallout will be from these policies and the timing of when um they will materialize in the data. So um uh we've had three months of of u favorable inflation readings since the high readings of January and February and that's of course highly welcome news. Uh part of that just is that uh services core services uh both housing services and non-housing services have really been grindi ...
Fed made right move by doing nothing, says former Fed president Loretta Mester
CNBC Television· 2025-06-18 18:58
Joining us now to talk about it all, Loretta Mester, former Cleveland Fed president, now adjunct professor of finance at the University of Wharton, also a CNBC contra contributor. And we are darn glad that you are here, Loretta. If you were still on the Fed, what would your decision and expectation for rate cuts be? Yeah, I would have probably already been at one cut as opposed to two. So I may not have changed my SEP. Remember the SEP, the one that we had before was in March and that was before the April 2 ...
Trump says 'stupid' Powell 'probably won't cut' rates when Fed meeting ends Wednesday
CNBC Television· 2025-06-18 14:41
Krishna Guha and former Fed vice chair Alan Blinder. Also President Trump just speaking about the fed chair, what he'd like to see moments ago. Have a look.>> Reappointed him. I don't know why that is, but I guess maybe he was a Democrat. You know I got great advice from Mnuchin on this one a great advice.But he's done a poor job. So we have no inflation. We have only success.And I'd like to see interest rates get down now. Biden did a lot of very short term debt. So we have short term debt coming due.And b ...