Tomorrow, a Federal Reserve committee will meet to talk over a possible interest rate cut. But the big question is, will Lisa Cook join her fellow Fed governors for that meeting. For now, Cook remains on the board after a federal judge blocked President Trump's dismissal.And tonight, the Senate is expected to confirm Trump's latest appointment to the Fed board, Steven Myron. If the vote goes as expected, Myron will join the board in time for this week's meeting. He will not be replacing Cook though, in case ...

8 September 2025 | 4:25PM EDT Global Views: Still Softening 1. The August employment report confirms that the US labor market has softened materially. Nonfarm payroll growth slowed to just 22k, although our broader estimate of underlying trend job growth—which is based on moving averages of both the establishment and household survey—edged up to 41k because of stronger household employment. We are penciling in an upward revision to the August payroll estimate next month, as seen in 12 of the past 15 Septemb ...

Okay, this may come as a small surprise to many of you. Donald Trump's economy is apparently struggling. Today's weak job numbers report shows only 22,000 jobs were added in August.That's well below the expected 75,000 jobs. The unemployment rate also ticked up to 4.3%, the highest it's been in nearly four years. Now, none of this is good news for the president, who was already facing pretty steep backlash for his economic policies.Quinnipic's latest poll shows 57% of Americans don't approve of Trump's hand ...

Well, let's stay on the market, bring in unlimited CEO and CIO Bob Elliot, the gold bug I mentioned before, but let's start with the Fed and what's going on there. You think Powell's caving. >> Well, I I think basically when you look at the change in his statement at Jackson Hole versus where he was just a few weeks before in the presser, it seems like there was a pretty material shift in the positioning uh particularly getting to a a focus on the labor market.I don't know how many times in the last presser ...

Federal Reserve Independence & Governance - The Federal Reserve's independence is crucial for maintaining low inflation and economic/financial stability, shielding long-term decisions from short-term political pressures [4][5][6] - The structure of the Federal Reserve is designed to ensure independent policy makers make decisions affecting the economy over the longer term [5] - Central bank independence has proven valuable worldwide, leading to better outcomes for countries [6] Economic Outlook - GDP growth slowed to approximately 125% (one and a quarter percent) at an annual rate in the first half of the year, compared to around 250% (two and a half percent) the previous year [9] - The economy is undergoing an adjustment process, partly due to post-pandemic factors and policy changes, including trade policy [10] - The economy is expected to continue growing at an annual rate of 100% to 150% (one to one and a half percent) for the year as a whole, slower than the previous year but still with positive momentum [11] Labor Market Analysis - The labor market is currently solid, with an unemployment rate of 42% (four and two-tenths percent), which is historically low [13] - There has been a slowdown in the pace of hiring and payroll growth, partly due to a slower labor supply caused by reduced immigration [14] - Wage growth remains consistent with a solid labor market and inflation trending towards the 2% goal [19]

Monetary Policy & Interest Rates - The market anticipates a potential rate cut in September, influenced by Chairman Powell's recent statements [1] - The Federal Reserve (Fed) is increasingly concerned about rising unemployment rates, potentially triggered by changes in immigration policies and other factors [2] - The Fed's emphasis on employment over inflation, despite inflation being at 3% (above the 2% target), raises questions about its policy bias [6] - There's debate on whether current policies are "modestly restrictive," with arguments suggesting real rates are closer to neutral at 150 basis points (15%) [7] Economic Trends & Labor Market - The economy is experiencing a slowdown in both supply and demand, creating a "curious" situation [3] - Global demographic shifts, including declining fertility rates, are impacting the labor market [4] - Monthly job growth of 40,000 to 50,000 may not be a negative outcome, considering the evolving dynamics of the labor market [4] - Recent labor reports and revisions were not favorable, contributing to the Fed's openness to a September rate cut [5] Fed Independence & Political Pressure - There are concerns about the Fed's independence due to significant and direct political pressure, reminiscent of the Johnson and Nixon eras [12][13] - The Fed is under pressure from the administration, potentially affecting the reappointment of board members [12] - Chairman Powell is navigating differing views within the Federal Open Market Committee (FOMC) and attempting to build consensus [9][10] - The Fed's decisions are heavily data-dependent, closely monitoring upcoming inflation and employment reports before their September meeting [11]

Let's dig deeper into how the markets are processing all these headlines from Chair Powell's speech. Joining us with his takeaways is Rosenberg Research founder and president David Rosenberg. Were Were you surprised to hear Powell much more open today to the policy pivot and the September cut.Well, if you would have asked me uh a few days ago, uh I would have been surprised. But then I gave a a good second look at the FOMC minutes uh that had come out from the last meeting. And what was really important uh ...

Monetary Policy Stance - Monetary policy is not on a preset course, decisions are based on data assessment and its implications for the economic outlook and balance of risks [3] - The policy rate is now 100 basis points closer to neutral than a year ago [2] - With policy in restrictive territory, the shifting balance of risks may warrant adjusting the policy stance [3] Economic Outlook & Risks - Risks to inflation are tilted to the upside and risks to employment to the downside [1] - The stability of the unemployment rate and other labor market measures allows for careful consideration of policy changes [2]

All right, let's officially now bring in David Zervos, chief market strategist at Jeffre, as well as a CNBC contributor, also on the not so short list of 11 candidates who may replace J. Pal. Welcome.That was that was a long introduction, Melissa. It was I mean, there's so many mantles which you carry these days. And a frequent guest here, which is how we know him.We don't really care about the stuff. What did you make of the number today. I don't make a lot of it. I I Steve said it's a very volatile number ...

Jerome Powell sees a historically low unemployment rate and above-target inflation; while the dissenters note that households are spending less and private job creation is soft. Yet markets seem to be following the Fed chair’s lead https://t.co/tHTqABzKzO ...