Is the pain trade now to the up or to the downside. I think the tendency is definitely up that the trend is up. I mean, the you know, if the ceasefire holds, it looks good now.That's a that's a tremendous plus for the markets. I think, you know, all time highs for the S&P are virtually a foregone conclusion now and and further highs after after that. I mean, Powell was flexible.Clearly, Congress wants interest rates to go down and a number of Fed officials do. That could be a positive. I think they should g ...

Thank you so much, Mr. . Chairman. Um, Chair Pal, last month there was research published um in the Journal of Urban Health that found that more than half of black women of reproductive age, that's the term they use, in the counties that I represent that had experienced some sort of eviction during their lifetime.Um, so that's like 50% of black women in the two two largest county, Wayne County and Oakland County and Michigan. Um, and these numbers are horrific. Um, as you know, were you aware of that.No, I ...

branch. What's your thought about her. Quote.>> I personally think that's a very reasonable way to think about it. >> Thank you very much. I yield back.The gentleman from New York is recognized for five minutes. >> Thank you, Mr. . Chairman.Good morning, Mr. . Chair. Chair Powell, and thank you for being here.Last week, the FOMC decided to maintain the target range for the federal funds rate at four and a quarter to 4.5%. While I was not surprised by the decision to hold rates steady, I was surprised by the ...

going to have time for that. We're going to have to get to the Q&A. Maybe next time.Steven. Thank you. >> Here's a fed chair before a House Financial Services Committee.>> Into a recession. Chairman Powell, the latest FOMC statement described the economic activity have to continue to expand at a solid pace. And you just reiterated that in your testimony this morning.In your view, is the term recession and the economy growing at a solid pace. Are those synonymous with each other. I would say no.And you note ...

Federal Reserve Chairman Jerome Powell delivers the Fed's semi-annual monetary policy report to the House Financial Services Committee on Tuesday. Powell on Tuesday emphasized the central bank’s commitment to keeping inflation in check, saying he expects policymakers to stay on hold until they have a better handle on the impact tariffs will have on prices. In remarks to be delivered to two congressional committees this week, Powell characterized economic growth as strong and the labor market to be around fu ...

Following the strike uh on Iran, President Trump quickly turned his attention back uh to his um economic agenda, writing on Truth Social, great unity uh in the Republican party, perhaps unity uh like we've never seen before. Now, let's get the great big beautiful uh bill done. Our country is doing great.MAGA joining us now uh White House National Economic Council Director Kevin Hasset. And because of the the news over the weekend, uh Kevin, I I guess I before we we talk about the big beautiful uh bill in a ...

Federal Reserve Policy & Interest Rates - The market is debating whether the Federal Reserve should cut interest rates by 25 basis points [5][6] - The current Fed funds rate is floating around 425 to 450 basis points, approximately 43% [2] - Some believe the Fed is too focused on past data and risks being late in responding to economic changes [4][6][10] - Cutting rates by 75 basis points occurred last year [5] Inflation & Economic Factors - Housing costs, a significant component of CPI and PPI, are impacted by the Fed's balance sheet reduction of $35 billion [3] - Tariffs' full effect on inflation is still uncertain [2][6] - The speaker believes inflation is moderating and not out of control [5][6] - The Personal Consumption Expenditures (PCE) at 31% is not a major concern [9] Bond Market & Treasury Yields - The 2-year Treasury note yield is around 4% [2] - The 10-year and 2-year Treasury yields are at the same level as in autumn 2022 [13] - The bond market and the Federal Reserve may not be aligned in their expectations [12]

[Music] The problem we have is we're on an unsustainable path in terms of the deficit and the debt and the bill that's working its way through Congress makes it much worse. Um, you know, you can have a debate as to whether you're adding three or$6 trillion dollars to the debt. Whichever end you're at, it's too much.I don't think that the notion that was done in 2017 should be in place for all time is correct. I understand the concern people have that this wouldn't be a great time to raise taxes. It's not a ...

Inflation & Energy Prices - Relatively low gas prices have helped drive down inflation, but this trend is starting to reverse due to the Middle East crisis [1] - Turmoil in the Middle East may cause a spike in energy prices, but it tends to come down and not have lasting effects on inflation, unlike the 1970s [3] - The US economy is far less dependent on foreign oil than in the 1970s [4] Artificial Intelligence & Employment - The key question is whether AI will augment or replace labor, with AI potentially creating and replacing jobs simultaneously [5] - AI has transformational potential, and its capabilities are rapidly evolving [6] - There are differing views on AI's impact, with some believing it will increase productivity and others fearing significant job displacement across various income levels [7]

Inflation & Monetary Policy - The Federal Reserve's decisions are based on data, not speculation [1] - The forecast for inflation in December was 25% core PCE for 2025 [2] - Tariffs are expected to be substantially larger than previously anticipated, leading to higher inflation [3] - Inflation forecasts have increased from 25% in December to 28% in March and 31% currently for 2025, a 60 basis point increase [4] - The Federal Reserve aims to restore price stability, targeting 2% inflation on a durable and sustainable basis, alongside maximum employment [7] - Current monetary policy is considered modestly restrictive [8] - Confidence that inflation is coming down is crucial for future policy adjustments, but tariffs create uncertainty [9] - The Federal Reserve is taking time to assess the size of the effects of tariffs before reacting [10] Economic Outlook - The unemployment rate is 42% [10] - Headline inflation is 23% over a 12-month basis [11] - Real wages are increasing at a healthy pace [11] - The economy is described as good and solid, with decent growth [11]