💥BREAKING:🇺🇸 TRUMP SAYS HE WILL NAME THE NEXT FED CHAIR SOON! https://t.co/W7A8MwatDK ...

Jim Bullard, dean of the Mitch Daniels School of Business at Purdue University and former Federal Reserve Bank of St. Louis president, says the Fed will probably lower rates at the next meeting in September and if he were to be named Fed chair he'd work to break up "group think" at the central bank. He speaks on "Bloomberg Open Interest." Sign up for the Economics Daily newsletter to discover what's driving the global economy and what it means for policy makers, businesses, investors and you: https://bloom. ...

A largely benign US inflation report is bolstering the case for traders wagering that the Federal Reserve will soon cut interest rates, with some seeing an increased possibility of an outsize reduction https://t.co/beRA1Vm26u ...

.@SteveForbesCEO calls for Stephen Miran, the nominee for Federal Reserve Governor, to be asked how important he thinks i it is to have a dollar stable in value, and whether he believes that prosperity causes inflation. #WhatsAhead https://t.co/4M2hTG9JIQ ...

CNBC is learning that the Trump administration now currently considering 11 individuals uh for the role as Fed chair. Those include three new names. And joining us right now to talk about those three new names and more, Larry Lindseay, by the way, Rick Reer, David Zeros, is former Cleveland Fed President Loretta Mester.She's an adjunct professor at finance at UPUP's Warden School, CNBC contributor. Want to also talk to you of course about uh inflation, the jobs market, BLS data, and so much more. But curiou ...

Federal Reserve Leadership & Structure - The president has the opportunity to reshape the Federal Reserve committee [1] - There is concern about the foundations of the Fed and potential lack of accountability regarding cost overruns [3] - A replacement for the Coogler seat is being considered, with private sector names among the candidates [4][5] - The process of selecting a Fed chair involves interviewing 10-11 people to discuss monetary and regulatory policy [7] - The Fed is considered one of three regulators (Federal Reserve, OEC, and FDIC) [7] Monetary & Regulatory Policy - Monetary and regulatory policy are key discussion points in the Fed chair selection process [7] - The Fed needs to understand its role as one of three regulators [8] Personnel Decisions & Timeline - Stephen Morrow's confirmation is being expedited [1] - Myron is not expected to stay on past his January term [4] - The timeline for naming a new Fed chair is extended by putting Stephen Myron in place [8] - The president is open-minded in the selection process, considering candidates with diverse views [8][9]

The Two Big Questions President Trump’s Nominee For The Federal Reserve Must Be Askedhttps://t.co/EDcF6VhbCB https://t.co/WuHuc8UMON ...

Inflation Analysis - CPI came in at 27%, seemingly above target, while the Personal Consumption Expenditures Index runs lower at 22% to 24% [1][2] - Annualized inflation based on a six-month basis since Trump took office shows 19% [2] - Energy prices are down and food prices are flat, indicating positive signs [2] - Shelter costs are up, but this is considered a lagging indicator [3] Tariff Impact and Trade - Foreign countries, especially those with large trade deficits with the US, are absorbing the tariffs because the US is their biggest market [9][10] - Goldman Sachs' research indicates that US consumers have absorbed about 22% of tariff costs, while businesses absorbed 64% [11] Data Trust and Government Reports - The speaker expresses distrust in BLS data, citing past inaccuracies that punished Trump's administration and inflated figures during Biden's term [17][18] - There's a suggestion to rely more on private research, questioning the government's role in providing economic data [16] Economic Outlook and Policy - The message to Jay Powell is to acknowledge the positive inflation situation [4] - Concerns are raised about Jay Powell's performance, citing three major blunders costing the economy tens of billions of dollars [22]

Inflation & Monetary Policy - A new regime for inflation and bond yields is anticipated [2] - The economy slowing down could help pull inflation down, but this scenario is undesirable [2] - The Federal Reserve might consider rate cuts with inflation above target and a softening job market, similar to the 1995 scenario where 325 basis point (3.25%) insurance cuts occurred with inflation at approximately 2.3% [3] - A rate cut in September is largely priced in, making it difficult for the Fed to argue against [4] - Jackson Hole symposium later in August (August 21st-23rd) is expected to provide more clarity on the Fed's leaning [5] Economic Data & Analysis - US government data is considered the best globally, with dedicated efforts to ensure data accuracy [1] - Bloomberg Intelligence suggests that a CPI print of 0.2% on the headline indicates the PC print will allow the Fed to ease in September [5] - Modernizing government data collection is necessary but challenging, requiring resources and careful consideration to avoid disrupting historical data analysis [7][8] - Budget cuts to the Bureau of Labor Statistics (BLS) have reduced resources for data modernization [8] - Firing the head of the BLS is viewed as performative and damaging to the credibility of U S institutions [9]

Trump and his allies have accused the Federal Reserve of mismanaging the reconstruction of its headquarters. https://t.co/udTDNrMvzE https://t.co/udTDNrMvzE ...