Economic Policy Impact - Trump's economic policies are pushing down inflation [1] - This creates an opportunity for the Federal Reserve to cut its key interest rate swiftly and steeply [1]

All right, newly installed Fed Governor Steven Myron is saying he favored a bigger rate cut at the recent FOMC meeting. Here with the latest on this story is our Fed correspondent Jennifer Shawnberger. Jen, good afternoon.miles. New Federal Reserve Governor Steven Myron said he favored a jumbosized rate cut at the central bank's policy meeting earlier this week because he doesn't see any inflation from tariffs and he favors a policy rate that does not restrict the economy nor spur it. Myron telling CNBC in ...

Core Insights - The discussion highlights the impact of tariffs on inflation, particularly in the appliance sector, where prices increased by 3.3% in the first seven months of this year compared to a 6% decrease in the same period last year, indicating a direct correlation with tariffs [2] - There is a bullish sentiment towards gold as a diversifier in investment portfolios, with central banks purchasing approximately 1,000 tons of gold annually over the last three years, which is double the previous decade's pace [4] - Retail and institutional investors are increasingly turning to gold as a complementary diversifier, especially during market downturns, where gold has historically performed better than Bitcoin during significant S&P 500 declines [5][6] Economic Indicators - The current economic environment shows a higher 10-year yield following Federal Reserve cuts, contrasting with historical trends where yields would typically decrease during economic slowdowns [7][8] - Inflation remains elevated, with core PCE projected at 2.9% for August, and GDP growth is reported to be over 3% for the third quarter, indicating a robust economy despite a slowing labor market [9][10]

Joining us now is former chief investment strategist at Bridgewater Associates, senior fellow now at the Council on Foreign Relations, uh, Rebecca Patterson. Rebecca, welcome. >> Good to be here.Happy Friday. >> Happy Friday. You see any evidence of inflation from tariffs.>> I think most economists do. So, I'm super excited to hear what Governor Myin has to say in more detail Monday when he speaks at the Economic Club of New York. I mean, just to give you one of many examples, if you look at appliances, las ...

the newly confirmed Fed Governor Steven Myron. Our Steve Leeman, of course, also with us. It's great to see you, Mr.. Governor. First of all, congratulations on the confirmation and getting inside the Fed. >> Thank you and thanks for having me back.It's great to see you. >> Well, I I'm glad that you're here because I think a lot of people want to know why you dissented first of all for 50 basis point cut when the rest of the committee voted on quarter point. >> Yeah, of course.Look, you know, let me first s ...

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 ECB can tolerate inflation below 2% for some time but will have to take action if price pressures keep falling short and expectations start to slide, according to Mario Centeno https://t.co/IvHgvKd9xo ...

The safest way to earn SOL and to stop your bags from melting away to inflation is to stake SOL nativelyi.e without using an LSTbecause, not tax advice, but there are many regions where swapping from SOL to a SOL LST is a taxable eventHelius:i) gives you top native yieldii) does this without deliberately slowing down the network and shitting on the chain for everyone to farm a few bps (looking at you Kiln and a few others)we are *strictly* IBRL alignediii) is one of only 2 Solana native teams in the Top 30 ...

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]