Monetary Policy & Central Banking - The Austrian central bank's incoming Governor Martin Kocher suggests that Donald Trump's criticism of the Federal Reserve's independence could jeopardize price stability [1]

I want to start with this data and maybe we can spend some time on a palace intrigue later on. Jobless claims, initial claims lower than expected, continuing claims higher than expected and creeping higher over the past few months. From your vantage point, president title, how much weight would you put on one versus the other.And what's the labour market picture look like in your point of view, your opinion. Well, the labor market is shaping up to be solid and the data today confirmed that. Now, continuing ...

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 ...

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 ...

Inflation & Monetary Policy - The Federal Reserve's decisions are based on data, not speculation [1] - The forecast for inflation in December was 25% core PCE for 2025 [2] - Tariffs are expected to be substantially larger than previously anticipated, leading to higher inflation [3] - Inflation forecasts have increased from 25% in December to 28% in March and 31% currently for 2025, a 60 basis point increase [4] - The Federal Reserve aims to restore price stability, targeting 2% inflation on a durable and sustainable basis, alongside maximum employment [7] - Current monetary policy is considered modestly restrictive [8] - Confidence that inflation is coming down is crucial for future policy adjustments, but tariffs create uncertainty [9] - The Federal Reserve is taking time to assess the size of the effects of tariffs before reacting [10] Economic Outlook - The unemployment rate is 42% [10] - Headline inflation is 23% over a 12-month basis [11] - Real wages are increasing at a healthy pace [11] - The economy is described as good and solid, with decent growth [11]