into account the extent of departures from our goals and the potentially different time horizons over which each is projected to return to a level consistent with our dual mandate. These principles guide our policy decisions today as they did in the 2022 to 24 period when the departure from our 2% inflation target was the overriding concern. In addition to these changes, there is a great deal of continuity with past statements.The document continues to explain how we interpret the mandate Congress has given ...

Federal Reserve's Jackson Hole Policy Symposium is officially underway with investors closely watching for any signs of the Fed's future rate path that the Fed's dual mandate seems to be coming in conflict. Right. We have issues on the inflation front. We have issues on the jobs front and this is creating a dilemma for the Fed because they need to understand which side of the dual mandate they need to focus on.Is it the weaker jobs report that we got. Do we see continuation of that. Does that lead to a path ...

The big question for everybody, especially for Wall Street, is what happens on September 17th. So this is, as you know, kind of an interesting month because we've got Jackson Hole and then we've got quite a few weeks of data to kind of pull in. So.So I'm really I think everybody's quite interested in some of the maybe the trends that happened in the last couple of months and kind of where they go from here. So I'm I'm I'm like everybody. I think there was some fascinating conversations at the last FOMC, as ...

Monetary Policy Outlook - The market anticipates the Federal Reserve (Fed) will cut interest rates by 25 basis points at the September meeting [2] - The Producer Price Index (PPI) data reinforces expectations of a rate cut, focusing on the magnitude rather than the likelihood [2] - The Fed's decision to cut rates is primarily driven by concerns about employment, despite stalled disinflation [2] Dual Mandate Considerations - The Fed's weighting of its dual mandate (employment and inflation) depends on proximity to goals; with inflation closer to target, employment concerns gain importance [4][5] - Historically, the Fed tends to act more decisively when concerned about employment [4] - Some Fed speakers express reservations about inflation remaining a persistent problem [6] Risks and Uncertainties - Tariffs potentially seeping into prices could cause inflation to rise, complicating the Fed's policy decisions [8] - The Fed is willing to accept stalled disinflation to a certain extent, but dislikes it, tempering enthusiasm for rate cuts [9]

You referred to the inflation risk. The White House would also like the Federal Reserve to cut interest rates. You've been in the room a few times, I'm sure, talking about this Federal Reserve.How did the president end up with a Fed chair that he disliked so much. How did that happen. Well, well, I've been watching a lot of what the president has had to say about Jay Powell lately, and he did appoint him.So that's part of the awkward aspect here. Well, first, I think the president of the United States is fu ...