NEW: 🇺🇸 When asked about interest rates, President Trump claims "we should be 3 points lower." https://t.co/2x7qXVH91p ...

Economic Outlook - Consumer spending, adjusted for inflation, has been flat from December to May, showing a slight negative trend of -0.21% [3] - The American consumer has been a key driver of GDP, accounting for 70% [4] - The flatness in consumer spending could be due to consumers frontloading imports in anticipation of tariffs [4] Fiscal Policy & Debt Management - The Treasury plans to update on how it intends to finance the nation's debt [5] - The current administration criticized the prior administration for timing the issuance of debt in the bond market [6] - The federal debt has significantly increased due to the current budget bill [7] - An increase in the debt-to-GDP ratio by one point tends to add approximately two basis points to the interest rate [8] Impact of AI - There's hope that AI will generate enough productivity growth to offset some of the financial pressures [9][10] - Historically, technological changes have not had the dramatic productivity-enhancing effects that are being claimed for AI [11] - Relying on AI to solve federal budgeting issues is considered reckless [11]

Fed Independence - The president is signaling an expectation for the next Fed chairman to cut interest rates [1] - This expectation potentially compromises the Fed's independence [1][2] - The speaker believes the Fed should be an independent entity from the executive branch [2] Historical Context - Past presidents, like Lynden Johnson, have attempted to influence the Fed [2]

🇺🇸 FOMC: The Federal Reserve will make a decision on interest rates this Wednesday.What is Powell going to do? 👇 https://t.co/Q0pgybfJ2H ...

Federal Reserve officials are determined to hold interest rates steady a little while longer, though an increasingly contentious debate at this week’s policy meeting may bolster expectations for rate cuts in the fall https://t.co/1hih9aIncY ...

JUST IN: 🇺🇸 $11.5 trillion BlackRock CIO Rick Rieder calls for the Federal Reserve to lower interest rates. https://t.co/GYv6eBtPXR ...

President Trump and several officials from his administration took a field trip this week to the Federal Reserve. They wanted to check out the renovations that have gone over budget and continue keeping the pressure on Fed Chair Jay Powell to cut rates. The first opportunity to do that is next week, just a few days before tariffs are set to spike unless more countries make a deal with the administration. This week, the president celebrated more trade deals and frameworks, particularly one with Japan that Tr ...

I want you to look, if you will, at Jerome Powell's face here. This is the followup, if you will. This is the followup to the Jonathan Swan Donald Trump meeting in the first Powell has that swan look. It's interesting. He got to go there. He got to lobby him. And then at the end, he said a good mood good meeting with him. Uh even though um the president did not have good staff work. Somebody handed the president the wrong number. How much time do I have here? Because I have so much I want to break down in t ...

Bring in show music, please. Hi, I'm CNBC producer Katie Kramer. Today on Squawk Pod, him to lower interest rates. Other than that, what can I tell you? The presidential field trip that pitted the White House's numbers against the Fed chair's facts. It was like almost like a sitcom, that little moment. This was a little crazy watching it yesterday. Where does Chairman Jay Powell go from here? a White House adviser who was at this extraordinary meeting at the central bank, OM Director Russell Vote joins us. ...

the chairman can say to you today that would make you back off some of the earlier criticism. Well, I'd love him to lower interest rates. That was President Trump yucking it up in a rare visit to the Federal Reserve yesterday to renew pressure on Chairman Jerome Powell.As the pod as the pair stood side by side in matching hard hats, it's quite the sight. Trump lamented about the cost of the Fed's ongoing building renovations. Powell then remarkably fact checked the president in real time.So, we're taking a ...