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 ...

Joe Davis, Vanguard chief economist, joins 'Closing Bell Overtime' to talk the bond market, the impact of fiscal policy, what to expect from the Federal Reserve and more. ...

Turning back to the markets now where the S&P really close to its all-time high once again. My next guest says he was surprised how quickly the market has rebounded since the tariff announcement and warns it doesn't make sense to be back here. Joining us is Vahhan Janjigian, the chief investment officer at Greenidge Wealth Management.Vahan, welcome to you. What doesn't add up for you here. Hi, Kelly.Um, so in my opinion, the market has bounced back largely because President Trump has backed off on the tarif ...

Federal Reserve Chair Jerome Powell on Wednesday 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. He noted that inflation is still above the Fed’s 2% target, with the impact that President Donald Trump’s tariffs will have still unclear. The cautious tones could further antagonize Trump, who has ramped up his long-standing criticism of Powell. ...

Interest Rate and Bond Market - The market anticipates potential rate cuts by the Federal Reserve, influenced by Powell's testimony, which outlines paths to rate cuts, contingent on factors like tariffs [3] - Without tariffs, rates could potentially be 100 basis points lower, influencing bond yields [4] - The Fed might consider a smaller rate cut in September, followed by a potentially larger cut, depending on upcoming data [4] - Faster and sooner rate cuts by the Fed could lead to rising yields [5] Treasury Market and Foreign Buyers - Concerns about foreign buyers stepping away from treasuries have diminished amidst the equity rally [6] - There's still pressure on the long end of the yield curve due to the budget bill, energy shocks, and tariffs, potentially leading to higher yields [6] - The current counter-rally might be driven by domestic players and technical factors, but the underlying story of pressure on the long end hasn't fundamentally changed [6] Dollar and Currency Dynamics - The dollar is near a three-year low, potentially due to relief in markets benefiting other currencies [7] - Currencies benefiting from tariff or geopolitical relief tend to rally, while the dollar weakens [8] - If treasuries face more pressure, the dollar is likely to weaken [8]

We've been speaking with top economists to better understand what this economic climate means for companies' bottom lines. Today, I'm speaking with CEO and Chief Strategist for QI Research Danielle DiMartino Booth. Hi, Danielle, thanks so much for taking the time to speak with me again this year.Thank you for having me. Great to be with you again. How can companies protect their bottom lines in this time of political and economic uncertainty.So, you know, the idea of battening down the hatches before the hu ...

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 ...

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]

CNBC’s Steve Liesman joins 'Money Movers' to discuss the latest from the Fed. ...