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Bloomberg· 2025-07-01 06:40
The ECB has tamed inflation but can’t afford complacency amid global volatility, says Governing Council member Joachim Nagel https://t.co/cFVwsBUmCz ...
BlackRock's Rieder Expects Two Fed Cuts This Year
Bloomberg Television· 2025-06-30 17:32
I want to talk about the Fed and cuts. I just did a snap poll on X and we have most people think to cuts. That seems a majority.Second, most would be one and then 13% said zero. I'm in the 13% camp. I just don't see the need for it.What's the problem here. Why cut rates. Why change something if it seems to be going so well right now.So. So I throw out one thing. So you think about the Fed raised interest rates 500 basis points.What was the impact on the economy. Not really debilitating. And I think one thin ...
Treasuy Secretary Bessent on Tax Bill, Next Fed Chair, Government Debt
Bloomberg Television· 2025-06-30 14:37
We are now joined by U.S. Treasury Secretary Scott Betts. And just as the Senate has begun voting on what's known as the big, beautiful bill. You look at the latest version of the tax bill.The big question that remains is the GOP holdouts. What kind of deal can be cut with those holdouts. And what are you and the president prepared to offer for support.Well, I'm confident that the bill is going to progress, as is over the next few hours, and it'll be on the president's desk to sign on July 4th. So the Senat ...
Fed Seems Frozen at the Wheel Here, Bessent Says
Bloomberg Television· 2025-06-30 14:10
While we're talking about interest rates and the Federal Reserve, it has been recently reported that you might be in consideration for the job as the next Fed chair. When you've been asked about the likelihood recently, you said that it's up to the president. Is it a job that you would want.I will do what the president wants, but I think I have the best job in D. C. We're making a lot of progress with the president's leadership.You know, I think think about it. We are going to have the tax bill on his desk ...
Trump on Powell: 'I'd love him to resign'
CNBC Television· 2025-06-30 13:19
I'd love him to resign if he wanted to. He's done lousy job. Look, uh, if you were there, you'd say, well, you know, the United States is doing well.They have no inflation, and if they do get inflation in a year or two, we'll put we'll start raising the rates. We'll get rid of the inflation, you know, and do other things. Uh, Biden had the worst inflation in the history of our country, 19%, but I think it was much higher than that.Frankly, they say 19%, they say. I think it's a lot higher than that. And we ...
X @Bloomberg
Bloomberg· 2025-06-29 07:25
Any measures to ease inflation in Japan must be speedy and shouldn’t impede the government’s ability to fund social services, Japan’s Prime Minister Shigeru Ishiba said https://t.co/aYQJ7rOrTY ...
Wouldn't cut rates at this point, says former Fed Governor Daniel Tarullo
CNBC Television· 2025-06-27 13:25
he's a very stupid person, actually. >> Well, President Trump's battle with Fed Chair Jay Powell taking another turn this week or another leg down. I suppose those attacks coming as the Wall Street Journal reported this week that the president may announce Powell's replacement by early this fall.The white House yesterday denying that the president is close to announcing Powell's successor. And joining us right now is former Federal Reserve Governor Daniel Tarullo. He led the central bank's regulatory reform ...
X @Bloomberg
Bloomberg· 2025-06-27 12:13
Interest Rate Outlook - Federal Reserve Bank of Minneapolis President Neel Kashkari anticipates two interest-rate cuts as likely this year [1] Inflation Risk - Tariffs could potentially have a delayed impact on inflation [1]
Top vie candidates vie for President's attention as Trump considers Powell's replacement
CNBC Television· 2025-06-27 11:50
I guarantee you threequarters of the country doesn't know what the hell the Fed is. So you do not have all eyes on the Fed. Well, on that note, Fed Chair Jay Pal has been under extreme pressure to cut interest rates from within and outside the Fed.Senior economics reporter Steve Leeman is here. He takes a look at where it's coming from and where it's going to. Just kidding.And possible motives. Welcome, Steve. Thank you, Becky.The pressure on Powell to cut rates comes from the president, some in Congress, a ...
Sen. Elizabeth Warren: I want to see interest rates come down
CNBC Television· 2025-06-26 13:02
Fed Chair Jay Pal faced two days of grilling on Capitol Hill. Yesterday, Senator Elizabeth Warren asked why the Fed's inflation forecast is now higher than it was just six months ago. Senator Warren joins us this morning. She's the lead Democrat on the banking committee. And Senator, thank you for being with us this morning. Happy to be with you. Why don't we get at your line of question from yesterday? Um, you were really getting at this idea of where inflation targets for the Fed are headed. What What's u ...