I'm now find executive editor Brian Todd taking a look at a live shot of the opening bells on Wall Street on this Thursday morning. An extra special I would say guests ringing the bell at the New York Stock Exchange. That is Disney CEO Bob Iger.Uh also I see I see Mickey. I see many very important guests there getting trading underway down there. They're at the Disneyland Resort in Anon, California in celebration of Disneyland's 70th anniversary.NYC President Lin Martin also there in attend. You can see her ...

Former Treasury Secretary Lawrence Summers warned that President Donald Trump’s preferred monetary policy would trigger a surge in expectations for inflation https://t.co/n6DyWFj8pl ...

Monetary Policy & Central Bank Independence - Central bank independence is crucial for achieving stable economic outcomes, especially low and stable inflation [3][4] - Markets would be concerned if central bank independence were threatened [4] - The Fed leadership likely believes tariff effects won't cause prolonged high inflation, especially given the less tight labor market compared to 2022 [8] - The FOMC holds a range of views regarding the appropriateness of lowering interest rates while tariff effects are present [11] Economic Outlook & Data Analysis - Recent data suggests the labor market doesn't require significant rate cuts, and underlying inflation trends are moving towards 2% [5] - Goldman Sachs anticipates three rate cuts later this year, potentially starting in September, due to a relaxed view on inflation [5][6] - Consumer spending appears somewhat softer when adjusted for tariff-driven price increases [14] - Tariffs are expected to slow the pace of economic growth due to their function as taxes and the uncertainty they create [14] - While tariffs may lead to slower consumption and final demand growth, other factors like bank earnings, M&A, and IPO activity suggest increased business and consumer confidence [15] - The economy is not expected to enter recessionary territory [15] - Growth for the year is expected to be in the low 1% range, below the trend pace of around 2% [19]

Federal Reserve Governor Adriana Kugler saidthe US central bank should keep holding interest rates steady “for some time,” citing accelerating inflation as tariffs start to boost prices https://t.co/EhSuUcJFGG ...

Monetary Policy & Interest Rates - The Fed's hesitancy to cut rates suggests a doubt in their inflation-fighting credibility [3] - A rate cut is seen as the initial step towards correcting the balance, aiming for a robust real economy [19] - The speaker advocated for a rate cut in 2020, prior to the Fed's actions, and criticized the Fed's 2018 rate hike plans amidst a market downturn [10][11] - The speaker believes the Fed maintained zero interest rates and purchased $100 billion in assets monthly during a period of rising payrolls and significant congressional spending [11][12] Fed Credibility & Independence - The credibility deficit is perceived to lie with the current Fed incumbents [5] - The market and global investing community need assurance of the Fed's independence from presidential influence [6] - The speaker emphasizes the importance of experience, particularly during financial crises, in establishing credibility at the Fed [9] Financial Conditions & Real Economy - Financial markets are currently experiencing loose conditions with IPO markets rebounding and credit spreads narrowing [17] - The housing sector is nearing a recession, with households and small businesses facing challenges in accessing credit [18] - The speaker suggests reducing the Fed's involvement in fiscal and political matters to redistribute liquidity to the real economy [18] AI & Productivity - The rapid advancement of AI technology is expected to bring productivity gains [19][20] - There are concerns that AI-driven productivity gains could potentially weaken the jobs market [19] - The US is expected to lead in the AI revolution, potentially widening the growth gap between the US and other economies [22] Education - The K-12 education system is identified as a potential weakness, needing improvement to effectively integrate young talent with new technologies [22][23]

President Trump says it's highly unlikely he will fire Fed Chairman Pal. But if the president in fact did want to remove Pal from his position, uh what would the process uh look like. Joining us with more on that, Jonathan Caner, former assistant attorney general in the Biden administration.He's also a CNBC uh contributor and our senior economics reporter uh Steve Leeman. I I would uh Jonathan I would say well he said he's not going to do it but um about a month or two ago there was some conjecture and he s ...

Economists’ anxiety about official U.S. inflation data is growing. One major issue: They don’t have the numbers they need to understand the scope of the problem. https://t.co/XhvUdmU3jN ...

is day 178 of the second Trump administration and Donald J. Trump just cannot figure out how to deal with the Epstein backlash. Here's a suggestion.Stop talking about it. Well, he's not. Today, he tried something we very rarely see.He directly attacked his own base, calling them weaklings for falling for what he now calls a hoax. I I can't explain it well enough. I'm going to have my colleague G Garrett Hake give you all the details.Tonight, President Trump lashing out at his own supporters amid the ongoing ...

Now, the president is also pointing out that Jay Powell's term is head of the Fed. It ends next May anyway, right. And when he was asked today who could replace Powell, he was asked if one person in particular is being considered.[Music] Kevin's somebody would consider Kevin is fantastic, too. Uh we have a lot of good people for that job. It's not a tough job, to be honest.All right. In a not at all awkward segue, that man is with us right now, Kevin Hasset, the director of the National Economic Council. Di ...

Hey, I'm Kramer. Welcome to Mad Money. Welcome to Kramer.I'll be my friends. I'm just trying to make you a little money. It's my job not just to entertain but to educate, teach it.Call me 1800743 CBC tweet me Kramer. Maybe you hate Jal. Maybe you love him. Maybe you have no idea who he is.Regardless, what you need to know is that he's in charge of the Federal Reserve. So he controls what's known as short rates. That means the short-term interest rates there are are like the ones you borrow today and pay you ...