Fed Governor Stephen Miran said his decision to dissent from fellow policymakers’ interest-rate move this week was driven by his view that Trump’s tariffs policies have had no material impact on inflation https://t.co/NokIMGgIjf ...

there could be some uh erosion of the belief in the Fed's commitment to the 2% target. Um h how much should we worry that uh you guys are cutting rates while you're away from your target. And not only that, for don't forecast you hit your target until 2028.>> Well, Steve, I don't see the erosion yet. Thankfully, it's not there in the data, but it's something that we need to work extra hard to explain to the public why we're making the actions that we're making, why we're cutting rates right now in light of ...

The last word with Lawrence O'Donnell starts right now. Hey, Lawrence. >> Hey, Jen. Uh, you remember the blue wave election of 2018 in which the Democrats won back the House of Representatives. Uh, two women elected that year, Abigail Spanberger and Mikey Cheryl. They uh, one from New Jersey and from Virginia. They, as you know, became roommates, as members of Congress sometimes do because it's expensive uh to have to have a place in Washington and a place back in your state. They became roommates and you'l ...

President Donald Trump has been threatening for months to mount a new economic pressure campaign against Vladimir Putin by slapping tariffs on countries that buy Russia’s crude but the follow through has been incomplete https://t.co/EhlfCY5Kgh ...

Economic Situation & Monetary Policy - The current economic situation is highly unusual due to conflicting inflation and unemployment risks, potentially unprecedented [1][2][3] - Supply shocks push up prices and reduce purchasing power, creating a dilemma for monetary policy [3][4] - The Fed's consensus views tariffs as a one-time price hit, but its impact on inflation expectations is uncertain [4][5][6][7] - There's a risk of losing contact with the 2% inflation target and developing an inflation psychology [9] - The industry believes the Fed needs to be more proactive in demonstrating its commitment to the inflation target, especially given political pressures [10] Tariffs & Inflation - Tariffs lead to a permanent increase in the price of goods, unlike temporary supply shocks [6] - The key concern is whether tariffs will fuel inflation expectations, leading to a wage-price spiral [7] - The long-term inflation impact of tariffs is uncertain, and humility is warranted [8][9] Fed & Politics - It's unprecedented for a member of the administration on leave to be a governor of the Fed [2] - It's unusual for a president to try to remove a Fed member on what many consider a pretext [2] - It's also unusual for a Fed chair to operate when the president has publicly criticized them [2]

It's great to have you on. Thanks for joining. >> Have you been killing it the last couple years. It's been so long since you've been on.Have you would you say you have been >> able to repeat your great success again and again and again. You've been killing it. >> Well, first I do want to congratulate you guys on 30 years.And uh Mike's here instead of Andrew. He looks like kind of like a buffed Andrew. So make pretend like that.>> And Becky's not here. So >> that's actually my social media handle. >> You lo ...

It is time now for money power politics and the reason I'm in DC today. Today the Federal Reserve delivered its first interest rate cut of the year. The central bank only lowered rates by a quarter point this time, but officials also signaled two more cuts are coming this year. That might sound like good news, but all of this hints at something that until now still seemed avoidable. An economic slowdown. And it comes as Trump's Treasury Secretary Scott Besson calls for an independent review of the entire Fe ...

JUST IN: 🇺🇸 Fed Chair Jerome Powell says tariffs are being paid by US importers. ...

分组1 - The current state of the US economy is characterized by confusion regarding the labor market and the impact of tariffs, leading to a wide dispersion in views among Federal Reserve members [2][3][28] - The Federal Reserve's decision-making process reflects a strong emphasis on maintaining independence, as evidenced by the lack of dissent among members regarding rate cuts, which is seen as a positive sign for market stability [4][19][29] - The Phillips curve framework suggests that rising unemployment may keep wage inflation low, allowing the Fed to overlook current inflation rates and potentially cut rates in the future [6][7][34] 分组2 - Small-cap stocks are showing significant movement, with the SML small cap 600 index up 2%, indicating that domestic companies are likely to benefit later in the rate cut cycle [10][11] - The bond market remains relatively stable, with the 10-year yield at 4%, suggesting that mortgage rates may not decrease significantly despite expectations of rate cuts [12][14] - The ongoing capital expenditure (capex) cycle driven by AI infrastructure investment is expected to enhance productivity and profit margins, positively impacting equity markets [22][25][26]

Fed expected to cut rates for the first time this year later this afternoon. Here with us now at Post 9 is former Goldman Sachs president, current IBM vice chair Gary Conn. Gary also served as the director of the National Economic Council during President Trump's first term.Welcome back. Thanks for having great to have you, especially on a day like today. Is there scope for the market to be disappointed if if Powell isn't dovish enough to meet all their great expectations of more cuts.Look, there's there's ...