Meanwhile, a new op-ed in the Wall Street Journal out today. Our next guest saying the assault on the Fed's independence should concern everyone. Former Federal Reserve vice chair and Princeton professor Alan Blinder joins us now to discuss his piece as well as this morning's inflation print.So, I know we've had you on before, Alan, and and you and you've been worried about what the president's doing with Lisa Cook and sort of jaw boning around Fed Chair Powell, but is there any real evidence that the Fed i ...

Group 1 - The article discusses the shifting perspectives of Democrats and Republicans regarding the Federal Reserve's independence and its role in economic recovery [3][4][5] - It highlights the contradiction in Republican demands for rate cuts from the Fed, contrasting with their historical stance against government intervention in the economy [6][8] - The piece argues that government intervention, including actions by the Fed, cannot effectively stimulate economic growth, especially when it substitutes market mechanisms [9][10] Group 2 - The article emphasizes that economic growth fundamentally originates from the private sector, and any government actions merely redistribute resources rather than create them [7][8] - It critiques the notion that the Fed can alter economic realities, labeling such beliefs as delusions [10]

Treasury Secretary Scott Besson has published a broad and sweeping criticism of the Federal Reserve in an issue which is now online and we've read the whole thing uh or most of the whole thing uh in the magazine called the international economy. Uh in the article he calls for an internal Fed review of its policy and all of the things it does and even suggests that the regulatory function the bank regulatory function should perhaps be stripped from the Federal Reserve says the FDIC and the Office of the Cont ...

the administration and Scott Besson specifically have been watching you on this program uh or maybe just reading your research, but um they seem to want to interview you for the top spot at the Fed. Um Treasury Secretary Besson has said he's going to start those interviews today. Are you going to Washington.So I I'm going to focus on the jobs report and my and what I do day in and day out to um to uh to generate return for clients. I you know I'm I'm focused on what I do day in and day out and uh I'm not yo ...

The CIO of Australia’s top pension fund has brushed aside concerns over Washington’s ability to service its growing debt pile and that Trump is weakening Fed independence https://t.co/J2PfIFNlcv ...

Core Viewpoint - Goldman Sachs predicts that gold prices could reach $5,000 due to concerns over President Trump's attempts to undermine the Federal Reserve's independence, with gold already having increased by 35% this year to over $3,500 per troy ounce, making it one of the best-performing assets globally [1][2]. Group 1: Economic Implications - A scenario where the Federal Reserve's independence is compromised could lead to higher inflation, decreased stock and long-dated bond prices, and a decline in the dollar's status as a reserve currency [2]. - The ongoing conflict between Trump and Fed Chair Jerome Powell over interest rates and the Federal Reserve's $2.5 billion headquarters has heightened market concerns [4][12]. Group 2: Market Trends - Gold is viewed as a reliable store of value that does not depend on institutional trust, contrasting with the volatility of stocks and bonds [4]. - The demand for gold has surged as investors seek resilient portfolio options, with foreign central banks now holding more gold than U.S. Treasuries [8]. Group 3: Company Performance - Despite the political tensions, Goldman Sachs' stock price has increased by over 50% in the past year, trading at $740.73 [6].

Adriana Cougler Myin addressed concerns about Fed independence following pressure from the president to lower interest rates. >> I couldn't be more in agreement that independence of the central bank is of paramount importance for the economy, for financial markets, for the long run stewardship of of of the country. Um all of those are are are completely I'm in in complete accord with.Um look, the the president nominated me because I have policy views uh that uh I suppose that he liked. My next guest says My ...

Since you describe how you'll be informed by your political biases, I think the American people have a right to understand just how independent you are or are not. So, let's measure that a little bit. Dr.. Myron, let's start with an easy question to show that you have some independence from the president. Easy yes or no. Did Donald Trump lose the 2020 presidential election.Um, Joe Biden was certified by Congress as the president of the United States, right. So, did Donald Trump lose that election. Um, as I ...

As for the broader market, uh, Dow settled into the red early this morning. Bob Doll is with us. Crossmart global CEO and CIO.Bob, it's good to have you. Thanks for joining us in advance of the number tomorrow. We know this is I mean, we always say the jobs number is one of the most important ever, but this could actually determine the the trajectory of rates in the medium term, wouldn't you say.Totally agree. You guys just covered the job situation very well. Look, the Jackson Hole speech was a pivot.it wa ...

I imagine you'll be tuned in later on this morning when that hearing begins. But what would you like to hear. I think that he's already foreshadowed what he's going to say.The Senate is worried about the compromising the Fed's independence, and that's probably the only thing that could hang up this confirmation hearing. And he's already stated in his opening remarks that he's going to honor that. Obviously, what that means in practice once you're in the Federal Reserve bill, remains to be seen.But he's goin ...