Central Bank Independence - Central bank independence is critical to the well-functioning of the US economy [2] - The speaker has researched the value of central bank independence for 20 years and data shows lack of independence is not a good thing [3] - Maintaining central bank independence allows for non-political decision-making [3][5] Criticism and the Role of the Chair - Criticism from markets, Fed watchers, and average consumers is part of the job of the chair [4] - The next chair will need to continue the tradition of central bank independence [5] - The president is free to express opinions, but the focus should remain on data and the job itself [1][2]

Wall Street strategists are sounding alarms that the US economy is drifting toward stagflation as the impact of trade tariffs start to show up, potentially restricting the ability of the Fed to slash interest-rates https://t.co/l3qrVXM50s ...

In terms of the BLS, I think that this was long overdue. I mean, the mistake that they made last week was a five to six standard deviation mistake. This is like if you got on a plane in Miami, thought you were going to New York, and landed in Denver.The other thing I can tell you is that like there's something wrong here because on Wednesday, the Federal Reserve voted not to cut rates. On Friday, the BLS had this massive down revision. One of these is mistaken in government.We have settled for so much medio ...

Tariff Policy & Economic Impact - The market has largely priced in the volatility stemming from current tariff policies [2] - Uncertainty surrounding tariff policies persists, hindering clarity for US companies and consumers [3] - Tariffs can be effective when their purpose and cost-benefit analysis are clear [3] - The Trump administration is employing tariffs in novel ways, the economic consequences of which remain uncertain [4][5] - A Yale University study suggests that existing tariffs could cost the average American family an additional $2,500 per year [8] Trade Negotiations & Agreements - The threat of high tariffs has prompted key trading partners like the EU, Japan, and Korea to engage in negotiations [10] - Agreements reached are currently frameworks, lacking specific details and enforcement mechanisms [11][12] - It remains uncertain whether these trade actions will lead to positive global trade outcomes [13] - The administration's dual aim of using tariffs as a negotiating tool and revenue source presents a challenge [14] Geopolitical Considerations - The president is using secondary tariffs, initially on India, to pressure Russia to end the war, but China is the largest consumer of Russian oil [18][19]

Federal Reserve Governor Lisa Cook called the July jobs report “concerning,” and said it could signal an inflection point for the US economy https://t.co/QPQgF4gaSp ...

Young people think the US economy is not working for them.@NatHalberstadt explains why Gen Z is not getting married, doesn't own homes, and feels left behind. https://t.co/UrCCzIO8ky ...

President Trump reiterated his criticism of the Bureau of Labor Statistics, said he was close to picking a new Fed chair, and teased new tariffs on semiconductors. Joining me now, Muhammad Alerian, president of Queens College of Cambridge to talk about that and many other things. Muhammad, good to see you.Good morning, Julie. I would like to start with this whole situation over the Bureau of Labor Statistics, the BLS. Um, with President Trump's removal of the person who heads up that agency, what does that ...

RT Wendy O (@CryptoWendyO)Do you think Totally Trump will fix the US economy in 6 months? https://t.co/IhryjEIx4b ...

RT Alex Krüger (@krugermacro)So I've lost the habit of posting here, as I've been traveling for an extended period of time and busy with personal matters. Plan to resume posting regularly soon. In the meantime let me share some quick market views given the dramatic moves we've just experienced.I see the current move as a smaller scale replay of last year's August crash (which bottomed on Monday).2024's August crash was driven by the BoJ hiking first (initial trigger for the infamous carry trade unwind), fol ...

Do you think Totally Trump will fix the US economy in 6 months? https://t.co/IhryjEIx4b ...