🇺🇸 JUST IN: President Trump is scheduled to visit the Federal Reserve tomorrow. https://t.co/TXjHBVyOJ0 ...

Donald Trump will personally visit the Federal Reserve on Thursday, amid escalating criticism over the central bank’s renovations https://t.co/q05Xhi2C9Z ...

JUST IN: 🇺🇸 President Trump to visit the Federal Reserve tomorrow. ...

Capex Boom & Economic Growth - Business equipment production rose 23% in Q1, and GDP accounts showed a 24% increase [4] - Q2 showed a near 11% increase, resulting in a 17% annualized gain over two quarters, the largest since 1997 (excluding the pandemic) [4][5] - The extension of tax policy incentivized companies to invest in capital [6] - Expects capex trajectory to remain strong, fostering upward pressure on wages [7] - Sees potential for a "blue wages boom" with non-supervisory production workers earning bigger paychecks [7] - The administration's outlook is based on 3% growth, considered doable due to productivity trends and labor force participation [18][20] - Expects AI boom to generate quicker payoffs from capital investment [20] - If growth reaches 3%, there could be an additional $4 trillion not counted by the CBO, potentially alleviating deficit concerns [21] Tariffs & Inflation - Tariffs have not had the expected effect on price data, with most of the tariff being absorbed in the margin [12] - The majority of the tariff has been absorbed in the margin [12] - The US could be collecting $300 billion in tariffs, but inflation data has been minimal [13] - Energy costs and capex tend to be disinflationary, offsetting potential lingering effects from tariffs [14] International Trade & Investment - Japan will commit over $500 billion (550 billion) to the US through an innovation fund [16]

Treasury Secretary Scott Bessent said that there’s “no rush” to identify a successor to Federal Reserve Chair Jerome Powell https://t.co/tMnHjvr54I ...

US-Japan Trade Agreement - The US and Japan have reached a trade agreement involving reciprocal tariffs, particularly on autos, with Japan proposing an innovative solution involving equity, credit guarantees, and funding for major projects in the US [5][6] - Japan will provide new capital targeted at strategic industries in the US to de-risk supply chains, especially in areas like medicine and semiconductors [6][7] - The agreement includes a 15% tariff rate for Japan, specifically for reciprocal tariffs on autos, which is linked to Japan's innovative financing mechanism [5][6] - The 15% tariff rate for Japan is considered a result of their innovative package, with President Trump pushing them to do even more [10] US-EU Trade Relations - The EU has not yet presented an innovative package similar to Japan's, but trade talks are progressing [11] - The EU is reportedly preparing to impose 30% tariffs on €100 billion (approximately $107 billion USD) worth of goods if no deal is reached [12] - The US views itself as a deficit nation compared to the EU's surplus, suggesting that trade escalations would impact the EU more [13] US-China Trade Relations - The US is in a good place with China and can start moving on to bigger discussions, with the potential for a rebalancing of the US-China relationship [14][15] - The US aims to bring back precision manufacturing and wants China to become more of a consumption economy [15] - Discussions with China will include purchasing agreements, especially for agriculture, with a focus on rebalancing the trade relationship [16][17] - Regular meetings with China are planned, with no desire to decouple but a need to de-risk part of the US supply chain [19] Federal Reserve and Monetary Policy - The Treasury Secretary believes the Federal Reserve's analysis of tariffs is off, as they have seen very little price pressure from tariffs [26] - The Treasury Secretary suggests the Federal Reserve should conduct an internal review to separate monetary policy from other activities [31] - The Treasury Secretary believes that regulation has been too stringent since the great financial crisis, leading to a build-up outside the regulated financial system, with private credit up ten times [36]

In fending off political pressure he faced, legendary Federal Reserve Chairman Paul Volcker drew inspiration from George Washington, says @cr_harper (via @opinion) https://t.co/1dYJikXNXr ...

President Trump's stake in his media and tech company is now worth more than $2 billion with a B that is bolstered mainly by Bitcoin PPP. Those assets are held in a trust while he's in office. But how much will he ultimately benefit from new policies he's pushing from the Oval Office.Joining us now, NBC News senior business correspondent Christine Romans and CNBC senior analyst Ron Inset. Um, all right. Someone's got to break this crypto thing down for me in layman's terms.What is Donald Trump doing with cr ...

RT Geiger Capital (@Geiger_Capital)*TRUMP: POWELL IS GONNA BE OUT SOON ANYWAY, 8 MONTHSAs I said, Trump can’t fire Powell. However, understand that next May we are likely getting the most political Fed Chair in history. This is headed in one direction.Realize where we are. https://t.co/JnMM7qeYd1 ...

Capital Markets Activity & Outlook - Capital markets franchises are experiencing bursts of activity, with investment grade markets running at or near record highs in both the US and Euro markets [2] - The Euro market has an increased share of global financing, attracting US corporates seeking lower yielding markets [3] - The outlook for capital markets remains robust, with leverage finance and US IPOs showing significant activity [3] - The path of least resistance points towards continued robust activity overall, despite some policy uncertainties [4] Interest Rates & Fed Policy - Issuers are not necessarily counting on Fed cuts this year, aligning with market pricing expectations of a couple of cuts through the end of the year and more into 2026 [5] - Elevated term yields in the US Treasury market, with a term premium of around 80 to 85 basis points, act as a tax on mortgage rates and corporate borrowing rates [5][6] - Noise around the potential change in Fed chair contributes to a term premium of approximately 20 to 25 basis points [9] - Markets are pricing in a higher probability of less consensus among FOMC voting members, potentially leading to increased uncertainty and volatility [11][13] Treasury Market - The path of least resistance in treasuries is towards a steeper curve [10] - Treasury financing is expected to remain concentrated in short duration markets [11] Market Sentiment & Risk - The market reacted strongly to news regarding the Fed chair, indicating sensitivity to changes in leadership [8] - Volatility and risk premium may rise as a new Fed era approaches, suggesting a potentially attractive environment for continued financing [18] - Credit spreads are in the bottom 1% over the last two decades, indicating a favorable financing environment [18]