Federal Reserve & Monetary Policy - President Trump considered nominating a replacement for Federal Reserve Chair Jerome Powell earlier than the typical transition period [1] - The concept of a "Shadow Fed Chair" is introduced as a way to potentially undermine the current Fed Chair's authority [2] - Trump expressed dissatisfaction with Powell for not lowering interest rates as much as desired [6] - Trump suggested interest rates should be as low or lower than 1%, significantly below the current range of 425% to 450% [9] Potential Risks & Challenges - Creating a "Shadow Fed Chair" may not be effective and could confuse financial markets [9][10] - The "chair in waiting" could face challenges in expressing views that align with both the President and market expectations [10][11] - Disagreements about policy could undermine the credibility of the Fed [13][14] Nomination & Confirmation Process - The President nominates members to the Federal Reserve Board of Governors, who are then confirmed by the Senate [4] - The Senate plays a crucial role in deciding whether a nominee has the right temperament to lead the Fed [19] - The confirmation process could be difficult, given the President's desire for someone who will align with his wishes [20] Potential Candidates - Kevin Warsh, a former Fed Governor, was considered for Fed Chair in 2017 [15][16] - Kevin Hassett, former Director of Trump's National Economic Council, is another potential candidate [16] - Other potential candidates include Scott Bessent and Fed Governor Chris Waller [17]

OM uh director Russ Vote is calling out Fed Chair Jay Pal, writing in an expost that Pal has grossly mismanaged the Fed. uh Russ Folult uh joins us now and and we'll talk about the the more maybe uh wide ranging uh issues in in terms of uh you know monetary policy then then we can get into I said maybe you know if I could print money Russ you heard what I said I' I might make Versailles I mean I might I'd have servants I'd have uh I don't think I could overspend on my facilities but we we probably don't we ...

Monetary Policy Outlook - The market anticipates the Federal Reserve (Fed) to potentially cut rates, influenced by factors such as President Trump's urging and internal committee discussions [1][2] - The Fed committee holds diverse views, with some members favoring no rate cuts this year, while others, including the chair, foresee potential cuts [2] - Some Fed governors suggest current short-term rates are "pretty restrictive," implying room for rate reduction [3] - The Fed is in "wait and see mode" to assess the impact of tariffs on the economy before making a decision on rate cuts [2][4] - A 25 basis points rate cut in July is considered by some as a minor adjustment that could appease those advocating for lower rates [5] Interest Rate Expectations - The market anticipates the initial rate cut may occur in the fall, potentially starting in September [7] - The committee's "dots" indicate that 12 members believe two rate cuts would be appropriate [7] - Standard monetary policy rules suggest that current policy is restrictive [3][8] Fed Communication - Providing useful information on its intentions is valuable for any central bank [9] - The usefulness of the "dots" projections is debated, with some questioning their value [8][9]

Monetary Policy & Bitcoin - Bitcoin 被认为是解决当代年轻人面临的抑郁、债务和疾病等问题的道德必需品 [1] - 该报告暗示了对当前货币政策的质疑，可能认为其导致了上述负面社会现象 [1] Social Impact - 年轻一代面临日益严重的抑郁、债务和疾病问题 [1]

Federal Reserve Leadership & Monetary Policy - The market is closely watching potential candidates to succeed Jerome Powell as Fed chair, including Hasset and Fed Governor Kevin Warsh [1][2][3] - The candidates are generally viewed as having similar thoughts on monetary policy, potentially limiting market impact [3] - The President believes rates are 3 percentage points too high [4] Monetary Policy Stance - The market views current monetary policy as restrictive, considering the balance sheet size relative to the economy's size pre-COVID [5][6] - The Fed funds rate was 100 basis points higher when the Fed previously cut rates [6] - PCE inflation was down 0.5 percentage points and unemployment was up 0.5 percentage points during the prior rate cut [7] Potential Rate Cut Controversy - A prior 50 basis point rate cut was perceived by some as being too close to the election [8][9] - A 25 basis point cut was considered more appropriate by some [8][9] - Candidates need a cogent reason for lowering rates, potentially using the balance sheet as justification [11] - Kevin Warsh has suggested using the balance sheet to push for lower rates [11]

Please lately we're getting some headlines here from the Atlanta Fed President Raphael Bostic. Steve Leeman has those for us. Morning Steve. Good morning Shar.Yeah, Raphael Bostic saying a time of uncertainty is quote no time for significant shifts in monetary policy. He's the first uh Fed person to talk after the jobs report this morning. He says he still fully supports the wait and see approach to policy.Uncertainty, he says, persists in every area that central bankers care about uh the US economy. And th ...

Is the Fed truly independent. Absolutely the Fed is. I think Chairman Powell has been very clear about that.He uh is consistent in that messaging and you know what they do uh is really based on the data. They they're very consistent with that. Uh they're going to react to the data. They're not going to react to outside forces to determine the path of of monetary policy.And that comes down to picking the Fed chair as well, right. I mean, you would hope that the FOMC members are not just calling for rate cuts ...

Bank of Japan Governor Kazuo Ueda ramps up his message that he is going to wait for additional data to make a judgment on the next monetary policy decision https://t.co/wIT299jHR8 ...

Let's bring in former Dallas Fed President Richard Fiser. Richard, also Jeffrey's senior adviser and a CNBC contributor. And it's it's good to have you here, Richard.Well, if Steve says something, it is true. I just want you to know that. All right.Well, I guess we're done here. Um, no. So, we are I do have I I I think it's it's really fascinating this moment that we're in.You know, a lot of of assumptions have to uh kind of be pulled into service to figure out what the proper stance is. Now, part of what C ...

The European Central Bank unveiled tweaks to how it uses monetary policy to steer the economy, reflecting on the recent spike in inflation and anticipating that such shocks are likely to occur more often in the future https://t.co/r9s1g1X5zK ...