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 ...

Units of Indian real estate investment trusts are poised to extend gains on the back of falling interest rates and a buoyant commercial property market, analysts tracking the sector said https://t.co/vgB7LgWDXD ...

Federal Reserve & Economic Policy - The market has largely absorbed the impact of tariffs, with focus shifting to the US deficit issue [5][6][7][8] - The speaker believes the Federal Reserve conversation is important, with rates potentially remaining stickier and higher than anticipated [13] - The market is currently pricing in three to three and a half rate cuts for the remainder of the year, but the speaker is skeptical, anticipating potentially only one cut [12] - The speaker views the recent dollar decline as more of a technical correction due to unhedged global investors rather than a long-term impact on the US economy [9][10] Investment & Market Trends - Global investors are returning to US assets, attracted by the strength and scale of the US economy [19] - Private capital is increasingly driving the economy, playing a significant role in financing, including a $45 billion (four and a half billion dollars) private capital financing deal for a nuclear power plant build in the UK and Germany [20][21][22] - The speaker does not see any immediate red flags in valuation underwriting, noting the US economy's resilience [18][21] - The speaker anticipates approximately 2% growth with about 3% inflation for the fundamental economy [36] European Market & Private Capital - European leadership is embracing private capital to address CapEx needs in areas like transmission lines, transportation, AI, and data centers [26][27] - European banks are increasingly focusing on ROIC and shareholder value, aligning more with US practices [25][31] - Germany aims to grow its economy from $4 trillion (four trillion dollars) to $6 trillion (six trillion dollars), embracing private capital alongside government spending [22][23]

President Donald Trump reportedly is considering announcing a successor to Federal Reserve Chair Jerome Powell early due to his frustration with the central bank's slow approach to cutting interest rates. https://t.co/FmxBEPph2i ...

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 ...

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 ...

Economic Outlook & Strategy - Companies should prioritize cost-cutting and productivity improvements to navigate economic uncertainty, as they lack pricing power due to stagnant income levels [2][3] - Tariffs, even at 10%, can significantly impact companies with low profit margins, such as Walmart with a 2.8%-2.9% profit margin, potentially leading to passing costs onto consumers [5][6] - Correcting the trade deficit is a complex, multi-year process requiring careful planning and incentives for American companies to produce domestically [8][9] - The U S national debt has increased by $15 trillion since the pandemic, raising concerns about the country's reserve currency status [10][11] - The growth rate of deficit spending is unsustainable, with over $1 trillion spent annually on servicing the debt, limiting Congress's flexibility [12][13] - The U S economy may have entered a recession in the first three months of 2024, with net job losses beginning in the second quarter, highlighting the limitations of economic models [19] Federal Reserve & Monetary Policy - The Federal Reserve is criticized for relying on lagged data and being "behind the curve," suggesting they should be lowering interest rates in response to economic conditions [21][22] - University of Michigan data indicates that when over 50% of Americans expect rising unemployment, a recession is likely, with recent surveys showing 64%-66% anticipating higher unemployment [23][24] Labor Market & Future of Work - The labor market is polarizing into high demand for roles that AI cannot replace (e g, home health aides) and those requiring advanced education to train AI [25] - A liberal arts education is valuable for developing imaginative thinking skills needed to train AI, while trade skills are also in high demand, with some high school graduates earning $70,000 annually [26][27] - Younger workers should seek any available job to demonstrate work ethic during tough economic times and broaden their skill set for an uncertain future [28][29]

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 ...

Federal Reserve Chair Jerome Powell is scheduled to testify before Congress Tuesday, where he will likely face question about interest rates, the Fed's independence from politics, and the impact of the U.S. entry into the war between Israel and Iran. https://t.co/LhdP2j5c8o ...