It is time now for money power politics and the reason I'm in DC today. Today the Federal Reserve delivered its first interest rate cut of the year. The central bank only lowered rates by a quarter point this time, but officials also signaled two more cuts are coming this year. That might sound like good news, but all of this hints at something that until now still seemed avoidable. An economic slowdown. And it comes as Trump's Treasury Secretary Scott Besson calls for an independent review of the entire Fe ...

The creeping politicisation of the Federal Reserve makes it a particularly bad time to loosen monetary policy too much https://t.co/mp9tWykNEL ...

Uh, Treasury Secretary Scott Besson has said that the Federal Reserve suffers from mission creep and institutional bloat. He's now calling for an independent review. Would you support an independent review or are you open to any sort of reform in any areas of the Fed.>> I of course am not going to comment on anything the secretary says or really any other uh officer says. Um, so in terms of reform at the Fed, um, you know, we just we just went through a lengthy and I think very successful process of updatin ...

Steve Leeman, CNBC. Mr. . Chair, um, in the past during rake cut, you used the word recalibration and I wonder if you pointedly did not use it this time and in fact when you said policy is not on a preset course, did you mean to that as sort of the opposite of pre of of recalibration.Are we um meeting to meeting data point by data point. Are we in the process here of getting back to neutral. Thank you.So I think we are we're in a meeting bymeating situation. We're going to be looking at the data. You know, ...

Interest Rate Expectations & Monetary Policy - The market anticipates the Federal Reserve funds rate to be around 3% in the future, potentially influencing the housing market [5] - A neutral rate around 3% to 375% suggests current monetary policy remains tight [3] - The market is pricing in events 6 to 8 months ahead, indicating forward-looking expectations beyond current observations [9] Housing Market Dynamics - Approximately 85% of mortgage holders have rates below 55%, creating a barrier to moving unless rates narrow considerably [5] - A rate of 55% is seen as a potential catalyst to unlock the housing market [7] - Refinancing below 3% in January 2021 highlights the sensitivity of homeowners to mortgage rates [6] Market & Sector Implications - Small caps, particularly the Russell 2000, are up 19% [7] - Lower interest rates are expected to benefit tech investments and consumer discretionary sectors like Best Buy, Home Depot, Ford, and GM [10] - 40% of the Russell 2000 is unprofitable, making them highly reliant on interest rates and variable margins [9]

Let's start with Lisa Cook. She's involved in this Fed decision, and yet the president still seems to be trying to get her off the Fed. How is that happening and how might still some legal actions impact anything she does at this Fed meeting. Well, it doesn't look like anything's going to impact what she does at this Fed meeting because she's already there.And we have not heard that the White House has actually filed its appeal to the Supreme Court. So we're not expecting any immediate moves from the justic ...

addressed this earlier as he left the white House. >> Do you believe the Federal Reserve is an independent body. What do you think about the independence.It should be. It should be, but I think they should listen to smart people like me. I think I have a better instinct than him.If you look, all the economists got it wrong. I got it right along with one of the people out of 100. They should listen to people that are smart.Nothing wrong with that. But they have to make their own choice. But they should liste ...

joining us as we said, Charles Schwab, chief investment strategist, Lisanne Saunders. Lisanne, good to see you. Important week.Good to good to see you. Thank you. Yeah, a very important week.Your thoughts about going into tomorrow and what the market's done say over the last 10 sessions. Yeah. So, I I think the Fed does cut by 25, but perhaps in in light of stronger consumption numbers, it wouldn't be surprising to see what is often deemed a uh you know, a hawkish cut uh given the commentary we could hear f ...

A Federal Reserve meeting this week is expected to deliver its first interest-rate cut since December and provide clues on how quickly the central bank will continue easing monetary policy. @lisaabramowicz1 explains https://t.co/RPy4Azn2Yb https://t.co/bYJ6IXlBeJ ...

The Bank of England should stop selling gilts from its quantitative-easing portfolio because the sales are distorting monetary policy, a former BOE rate-setter warned https://t.co/1D1AtykwBn ...