White House Latest Attack On Jerome Powell: Claims Federal Reserve Renovations Are ‘Ostentatious’https://t.co/5EE7ZRicAT https://t.co/ytaeLIOEvx ...

They Former US Vice President Mike Pence taking a critical stance on President Trump's tariffs. Writing in a Wall Street Journal op ed in the past few months that since the president announced his Liberation Day tariffs, the only thing America has been liberated from is trillions of dollars in investments, a place to say the 48th vice president of the United States, Mike Pence, joins us now for more. Mr.. Vice President, good morning. Good morning. Thanks for having me on.Thank you for being here. I want to ...

Economic Resilience and Uncertainty - The American economy demonstrates resilience despite uncertainty [3] - Uncertainty has settled, influencing market reactions, but the economy is still holding [3] - A Ben Franklin close (pros and cons analysis) is relevant for decision-making [3][4] Fiscal Policy and Business Impact - Companies have certainty regarding tax rates and 100% expensing of equipment [4] - Deregulation and AI are also factors influencing the economy [4] - The budget is settled, providing certainty, despite positives and negatives [6] Tariffs and Inflation - Tariff uncertainty is a key consideration [6] - There is more certainty on the tariff side compared to April [7] - Several months of tariff revenue have amounted to $25 billion to $30 billion [7] - The pricing effect of tariffs is working its way through, but the impact on consumer behavior is not yet significant [8] - Inflationary effects remain a concern [8] - Different entities along the value chain absorb different pieces of the tariff impact [9] - Lower gas prices (under $3) are a significant positive [9] Federal Reserve (The Fed) Policy - The Fed is expected to wait on interest rate adjustments due to inflation concerns [10] - The Fed aims to avoid stagflation [10] - The Fed needs to ensure that any rate adjustments do not lead to renewed inflation [10][11] - Current data does not indicate significant inflation [11]

The newly published meeting minutes highlighted a divide over how Federal Reserve officials expect the economy to respond to President Donald Trump's tariffs. https://t.co/QTl5KiOSOC ...

You referred to the inflation risk. The White House would also like the Federal Reserve to cut interest rates. You've been in the room a few times, I'm sure, talking about this Federal Reserve.How did the president end up with a Fed chair that he disliked so much. How did that happen. Well, well, I've been watching a lot of what the president has had to say about Jay Powell lately, and he did appoint him.So that's part of the awkward aspect here. Well, first, I think the president of the United States is fu ...

Partisan political tensions in the US soared to a six-year high last month, according to a gauge published by the Federal Reserve Bank of Philadelphia https://t.co/zZEDXYXTXw ...

Exclusive: Two Republicans named Kevin are vying to be the next Federal Reserve chair: rising contender Kevin Hassett, and Kevin Warsh, an early favorite for the post https://t.co/luVmEFFxBW ...

Market Volatility and Economic Outlook - The market has become accustomed to policy twists and turns, anticipating quick reversals to more favorable conditions [2] - Volatility is currently painful, but a settling down of policy could allow positive economic forces to take over [3] - The economy is in good shape with low unemployment, steady employment, and gradually decreasing inflation [5] - Fiscal policy is stimulative, and monetary policy is increasingly accommodative, creating tailwinds for the economy and markets [6][7] - The Federal Reserve (Fed) is correct in waiting for more evidence of weakening employment or reduced inflation before cutting interest rates [8] - There is a belief that there will be a couple of interest rate cuts this year, with the probability of three cuts being greater than one [8][9] Federal Reserve and Political Influence - The market has generally received Jay Powell well, despite initial concerns about his non-traditional economist background [15] - Jay Powell has done an excellent job, especially considering the challenges of COVID-induced inflation [16][17] - Political pressure on the Fed continues, raising questions about the next Fed chair and potential for a more dovish approach [9][11][12][13] - Any future Fed chair must build consensus among the Open Market Committee members, requiring a balanced approach [14] Political and Economic Divides - The current budget and tax bill primarily benefits wealthier individuals, potentially not resonating with the broader electorate [19] - Affordability is a key issue, as many people are not benefiting from the economy's performance to the same extent as those at the top [23] - New York City needs to focus on job creation, affordable housing, education, and public safety to maintain its standing as a financial capital [26][27][28]

Let's stick with the tariffs and the impact on markets as the major indices come off their worst day since about the middle of June. Joining us here at Post 9 this morning is city's research headed global strategy Rob once again with us. Welcome back Rob.Good to see you. Thank you very much. Hi Courtney.The president says August 1 is the date. Does that introduce new uh instability for equities or not. right now.I think, you know, I think it's going to be up and down because we're in this negotiation period ...

Well, one of the investors profiled in the Big Short is not worried about the size of the budget deficit. Steve Eisman is host of the Real Eisman Playbook podcast. He's former senior portfolio manager at Newberger Burman.He joins us here on set. Um Steve, you said this before. It doesn't matter.People have been running against us for decades. 40 years. 40 years.When do you think will it. You know what I say about all this. Just stop.God's sake. You know, I'm gonna say this. Maybe it's a little too obnoxious ...