For more on this unprecedented move, let's bring in Roger Ferguson, former Fed vice chair, as well as a CNBC contributor. Steve Leeman's here on set. Roger, there's so many aspects of this to get to, including your your sort of personal reaction to it all.But the first simple question, we've been trying to get an answer to this and been debating it all morning. Do do you know if she is already fired and will now appeal that decision or or if it's the other way round that that that the president needs to go ...

Watch live coverage of U.S. markets after President Donald Trump removed Federal Reserve Governor Lisa Cook from the board of the central bank. Trump’s unprecedented move adds to the pressure the president has been putting on the central bank’s independence. By law, a president may only remove Fed governor “for cause.” As a result, it is possible the matter will be challenged in the courts. Wall Street is coming off a losing session Monday, with investors taking profits after Friday’s big rally. The 30-stoc ...

Group 1 - The article discusses the ongoing speculation regarding the potential firing of Federal Reserve Chair Jerome Powell and its implications for the stock market, particularly in the context of President Trump's influence on Wall Street [4][5][10] - The "TACO" trade, which suggests that Trump will back down from aggressive actions, has led to market complacency, with the S&P 500 up 7.8% for 2025, indicating a belief that Trump will not take drastic measures that could negatively impact the market [8][9] - There is a concern that if Trump continues to see stock market performance as a priority, it could lead to volatility, as any significant market rally might encourage him to take actions that could reverse gains [11][10] Group 2 - The article introduces a strategy for hedging against market volatility through closed-end funds (CEFs) that utilize covered-call strategies, which can provide dividends of over 7% [13][14] - Three recommended CEFs include the Nuveen Dow 30 Dynamic Overwrite Fund (DIAX), the Nuveen S&P 500 Dynamic Overwrite Fund (SPXX), and the Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX), which offer exposure to major U.S. companies while trading at discounts to their net asset values [15][16] - DIAX is highlighted as a particularly attractive option due to its larger discount compared to its historical average, making it a contrarian play in anticipation of increased market volatility [19][20]

But the market's not where you are, right, Van. Welcome. Uh, hey, Kelly, how are you.First of all, thanks for having me on and thanks for letting me one be one of your last guests before you go on leave. Uh, best of luck to your family and I hope to see you again very soon. Thank you.No one better to kick things off and and no better topic uh really than talking about, you know, Fed rate cuts because what is it, July. So, they're not priced for July. Are they priced for September. Uh, they're priced for Yea ...

That is the closing bell on Wall Street and now it's market domination over time. We're giving you full team coverage of all the moves to get you up to speed on the action from today's trade. We got Adam Johnson as well as Yahoo Finance's very own Jared Blickery joining us here to break down the moves today. Jared, my friend, let's let's start with you on that close. Well, thank you. As I was just saying about 20 minutes ago, Dow took a little bit of a stumble today, down 316 points by the close, 7/10en of ...

Federal Reserve & Political Influence - The US financial industry is closely monitoring the ongoing conflict between Donald Trump and Federal Reserve Chairman Jerome Powell [1] - A White House official initially indicated that President Trump was considering firing the Federal Reserve chairman, creating uncertainty in the market [1] - The threat was later retracted by Trump, but the situation highlights potential political influence on the Federal Reserve [1] - The industry emphasizes the historical commitment to Federal Reserve independence to maintain stability [1]

This week, Donald Trump's fight with Jerome Powell continued, with a White House official first telling Bloomberg News that the president was preparing to fire the Federal Reserve chairman, and then Trump quickly taking the threat back.Executive director of The Budget Lab at Yale @marthagimbel tells @svaneksmith and @chafkin why lawmakers have historically committed to Fed independence https://t.co/qSwm0RcP17 ...

The nation’s biggest bankers are speaking out to defend the independence of the Federal Reserve while President Trump openly discusses ousting Chair Jerome Powell https://t.co/P5iQu53BEM ...

Hope you'll stick around for one more minute. We want to get your reaction to some breaking news that we're getting out of Washington and our Megan Cassella. Hey Megan. Hey Carl.We can report now that the White House says the president is considering firing Federal Reserve Chairman Jerome Powell. That's according to a senior White House official saying the president asked lawmakers meeting in the Oval Office late yesterday how they felt about firing the Fed chair. The lawmakers that were in the room, 12 Rep ...

Federal Reserve & Monetary Policy - The market is awaiting the June jobs report, a key data point influencing the Federal Reserve's (Fed) next move, amid renewed pressure from President Trump to cut rates [1] - The discussion revolves around President Trump's criticism of Fed Chair Jay Powell and whether Powell has any leverage in the situation, such as stepping down as chair but remaining a governor [2] - Historical context reveals that presidential pressure on the Fed is not unique to Donald Trump, citing examples of Lyndon Johnson and Ronald Reagan [3][4] - The President's pressure is understood as political, driven by the belief that Fed rate cuts will lower consumer costs, although the Fed doesn't control the entire yield curve [5] - The jobs numbers will have a bigger impact on the next meeting in September than the President's comments [6] - The independence of the Fed is a key concern, particularly regarding the appointment of a potential "Trump lackey" who might infringe upon this independence [7][8] - The Federal Reserve is credited with keeping inflation at 1.7% and maintaining relatively good employment health [9][10] - Concerns exist that excessive accommodation by the Fed could lead to a significant inflation problem, similar to the Arthur Burns era [20][21] Market Reaction & Economic Indicators - The bond market is trading as if the next Fed chair will lower rates, despite reasons for bond yields to be higher, such as a weaker currency and a rising deficit [16][17] - Warrant data, indicating significant layoffs and changes in employment, is up, suggesting potential weakness in the employment picture [18] - While the unemployment rate is around 4.5%, it's still historically low [18]