Fed Chair Jerome Powell must send a clear message that the central bank can’t be bullied into submission on monetary policy, @JonathanJLevin says (via @opinion) https://t.co/L87rDcWhec ...

I'm joined now by someone who intimately understands the Fed was there for ten years and most recently was the Fed vice chair under Jay Powell, who is still now the chair. And that's, of course, Lael Brainard. Lael, thank you so much for joining us this morning.As we see this standoff between President Trump and Governor Cook, we have yet to hear from the Fed itself. What kind of response do you think we can expect from the institution. Well, I think the Federal Reserve is in an incredibly difficult positio ...

Good morning, Frank. The firing of Fed Governor Lisa Cook does open dramatic questions or create dramatic questions about the legality of the move, the independence of the Fed, and of course, the outlook for monetary policy. The president cited his authority under the Constitution in the Federal Reserve Act of 1913. In stating he had the power to remove Cook for what the president said was quote allegedly making false statements on one or more mortgage agreements. The president said in the letter to Cook, " ...

Fed Independence & Political Influence - The potential firing of Fed Governor Lisa Cook by President Trump raises concerns about the legality of the move, the independence of the Fed, and the outlook for monetary policy [1] - The market may not react negatively to a perceived lack of Fed independence, prioritizing immediate easy monetary policy over long-term inflation concerns [24] - The Federal Reserve is potentially becoming permanently politically marked, similar to the Supreme Court, influencing how it's perceived and judged [30] Monetary Policy Outlook - Market probabilities initially showed an 82% probability of a rate cut in September, with a slight increase from 34% to 42% for a second cut in October following the news [5] - The market was already pricing in a dovish Fed, with the December 2026 Fed funds contract at 3% [20] - A Trump-controlled Fed board could potentially eliminate the 12 district presidents, effectively giving the president full control of monetary policy [6] Potential Market Reactions - Key indicators to watch for market concern about Fed independence are the dollar, the bond market, and then the stock market [25] - The strength of the American economy and the liquidity of US dollars globally might make the market immune to concerns about Fed independence [26] Board Composition - Replacing Cook would potentially give Trump a majority on the Fed board [5] - Current board members have varying degrees of perceived independence, with some seen as more likely to align with the president's views [18][19]

So, we got some breaking news just as we are coming on the air tonight. President Trump is purporting to have fired a member of the board of governors of the Federal Reserve. Her name is Lisa Cook. She's been a Fed governor since 2022. She is the first black woman to serve on the Fed board and its 111-year history. And in that entire 111 year history, no member of the Fed's board has ever been fired by any president. And that's not because presidents haven't wanted to do it. It's because a president is not ...

good to see crypto acting as a hedge against arbitrary centralized monetary policy here https://t.co/Zv8k1XxTCl ...

Welcome back. Markets once again betting heavily on a September rate cut following Chair Pal's much talked about pivot in Jackson Hole on Friday. Joining me now to discuss David Zervos.He's Jeffrey's chief market strategist. Also said to be on the list of possible next Fed chairs. Welcome.I think it's our first interview. I'm glad to welcome you to our program. >> Good to be here, Scott.You happy with what you got from Jackson Hole. >> I am. I think it was uh it was a pivot toward a lot of what uh folks lik ...

President Trump’s attempts to control monetary policy became the dominant—but unspoken—theme at the annual Jackson Hole central bankers’ retreat https://t.co/FCJcOa9y6i ...

President Trump’s attempts to control monetary policy became the dominant—but unspoken—theme at the annual Jackson Hole central bankers’ retreat https://t.co/yC0wMSvbLE ...

There's a lot going on with this meeting, I will say, and delighted to be here with you. The framework review, which we will hear more about, very complicated context, obviously. And let to tell you a little bit about how I'm seeing economic conditions in the outlook.So let's get into that. There is this dual mandate that's in question, the idea of inflation versus labor. Where are you in the continuum of which you need to be most worried about. Well, you need to be this is a time when you need to be lookin ...