Ernest HoffmanErnest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX. He has a Bachelor's degree Specialization in ...

Core Viewpoint - The Federal Open Market Committee (FOMC) is experiencing significant shifts in its stance, with members oscillating between hawkish and dovish positions, leading to confusion about monetary policy direction [1][2]. Economic Indicators - Inflation is reportedly decreasing, and the unemployment rate is also declining, with GDP growth surprising analysts by rising from 1.8% to 2.3% [2][3]. Labor Market - There is optimism regarding the cessation of layoffs, which is viewed positively as it aligns with the goal of stabilizing the labor market [3]. Bond Market Dynamics - Despite economic data suggesting a robust economy, bond yields have not reacted as expected, indicating that large investors may be influencing market conditions [4][5]. Political Influence on Monetary Policy - The relationship between the Federal Reserve and the White House is perceived to be increasingly political, with concerns that this may affect the independence of monetary policy decisions [9][10]. Leadership and Governance - There is a call for a change in leadership within the FOMC, emphasizing that the committee has the authority to elect its chair, which could differ from the president's nomination [6][7][8].

🇺🇸 BIG: The Federal Reserve says it will begin Treasury bill purchases on December 12, planning to buy $40 billion over the next 30 days. ...

LIVE: Fed Chair Jerome Powell FOMC Press Conferencehttps://t.co/P9hbUrIJAB ...

RT Bloomberg Opinion (@opinion)@Claudia_Sahm @AllisonSchrager What would the dynamic between Kevin Hassett and the rest of the Fed chairs be?Tune in for Fed Day with @JonathanJLevin, @Claudia_Sahm and @AllisonSchrager 🎥https://t.co/UP7Z2yblcu ...

RT Watcher.Guru (@WatcherGuru)JUST IN: 🇺🇸 Federal Reserve to buy $40 billion worth of treasury bills over the next 30 days. ...

Monetary Policy & Interest Rates - A rate cut is expected, but there may be dissent from some members [1] - The market anticipates a rate cut, but the speaker expects a hawkish press conference signaling a higher bar for future cuts [2] - The speaker believes the Federal Reserve has an inflation problem at 3% compared to the 2% target, while the labor market is in balance [3] - The speaker acknowledges arguments for a softening labor market based on unemployment rate and quits rate [6] Labor Market Analysis - The current labor market is considered healthy with unemployment well below 5% [3] - There's a debate about whether the bigger problem is inflation or the labor market, with concerns about potential disruptions in the labor market [4][5] - The speaker notes a market with less churn, fewer separations, and less hiring [7] Future Uncertainty - Predicting the next year is exceptionally hard due to uncertainty around monetary policy and the transition in the chairmanship of the Federal Reserve [8] - There's uncertainty about how the expected new chairman will approach monetary policy [9]

President Trump is planning to start his final round of interviews in the coming days with candidates to be the next Federal Reserve chair https://t.co/mjQ9OHSgyj ...

President Donald Trump has suggested he could seek to oust Federal Reserve governors appointed by President Joe Biden if their commissions were signed by autopen, in his latest bid to exert control over the central bank https://t.co/VDe89DkrB4 ...

Kevin Hassett said during a Wall Street Journal CEO Council event that he would rely on his own judgment and not bow to political pressure to decide whether to cut interest rates if he becomes the next chairman of the Federal Reserve https://t.co/YyOn9q4bxE ...