🇺🇸 TRUMP: If Powell keeps refusing to cut rates, the Fed board should take over and do what needs to be done. https://t.co/OFngKIoEcm ...

Whatever jockeying might be going on at America’s Federal Reserve, and whatever bluster emanates from the White House, investors still see Jerome Powell as the boss https://t.co/q86AsriKXI ...

JUST IN: 🇺🇸 President Trump says Jerome Powell is "too stupid and too political" to be the Federal Reserve Chairman. https://t.co/FRKBb7BBQn ...

🇺🇸JUST IN: Congressman Thomas Massie calls for the abolition of the Federal Reserve. https://t.co/kBfbarRD0W ...

JUST IN: 🇺🇸 Congressman Thomas Massie calls to end the Federal Reserve. https://t.co/rXgtel8WKL ...

⏰ SET A REMINDER TO TUNE INWhen will the Federal Reserve cut rates? Bloomberg journalists answer your questions about economic signals, market reactions and the growing Trump pressure on Jerome Powell.Join our Live Q&A today at 11:30 a.m. EDT: https://t.co/g8CZewVHCi https://t.co/WhnFG3kuHO ...

🇺🇸 TRUMP: “Too Late” Powell is too angry, too stupid and too political to lead the Fed. He's costing the US trillions. https://t.co/6PVbxmTu3a ...

The US economy rebounded in the second fiscal quarter of the year, growing at a better thanex expected rate despite President Trump's tariffs. The country's GDP grew at a 3% pace from April to June, reversing a.5 decline from the previous quarter. Consumer spending also rose.But the growth comes despite a sharp decline in imports, which dropped by 30.3%. The Wall Street Journal editorial board called it the weirdest GDP report ever, while President Trump touted the growth as a success. all expectations.They ...

Federal Reserve Policy & Economic Outlook - The Federal Reserve is in no rush to adjust interest rates due to uncertainty about the economy, inflation, and the labor market [3] - The unemployment rate remains stable, similar to the previous summer [1][2][5] - The Fed aims to prevent any rise in inflation from becoming persistent, emphasizing the importance of keeping inflation expectations in check through patience [3] - The market anticipates rate cuts in the coming year, regardless of economic data, potentially influenced by a new Fed chair [13] - All Federal Open Market Committee members expect interest rates to be lower by the end of next year [17] Labor Market Dynamics - Labor demand growth is slowing, but the labor market hasn't loosened because the unemployment rate is unchanged [5] - Both labor supply and labor demand have slowed, with immigration policy being a contributing factor to the slowdown in labor supply [2][5] - Payroll employment growth has decelerated, which could become problematic if the trend continues [4] Tariff Impact & Trade Policy - The impact of tariffs on the economy is uncertain, particularly regarding inflation and business fixed investment [3][10] - A hypothetical 18%-20% tariff rate is compared to the economic tensions of the 1930s [6] - The current tariff shock may be more significant than in the 1930s due to a higher share of imports in GDP [8] - Most economists believe that tariffs will eventually be passed through to consumers, with every 1% increase in tariffs as a percent of imports adding about 01% to the price level [11][12] - An increase from 25% to 17%-18% in tariffs on imports could raise the level of prices by about 05% [12]

Economic Outlook & Monetary Policy - Consumption growth has slowed significantly, from 3% last year to only 1% this year, marking the first two descents since 1993 focused on consumer behavior and the labor market [1] - With inflation around 2-4% and short rates at 43%, the Fed's monetary policy is considered too restrictive, suggesting potential for more rate cuts than the dot plot indicates [1] Geopolitical Risks & US-China Relations - Despite potential diplomatic efforts, both the US and China are reportedly preparing for potential conflict over Taiwan [1] - The exchange of Nvidia H20 chips for rare earth magnets is viewed as a questionable transaction, potentially enabling China's military advancements [1] - Concessions to China are seen as enabling the modernization of their combat forces, particularly in AI capabilities [1] US-Russia Relations & Sanctions - President Trump is setting a deadline for a peace deal between Russia and Ukraine, threatening stricter sanctions if no progress is made [1] - The US has the ability to impose more impactful sanctions on Russia by targeting remaining foreign correspondent banks that facilitate dollar transactions [2][3]