If people were expecting the Federal Reserve to give us fireworks, they were sorely disappointed. Fed chief J. Pal is not giving hyperbole.He's trying to balance price stability with job growth. And right now, the risk tilt against the ladder. As Pal told us today, the labor market is really cooling off.So, the widely expected quarter point rate cut made a ton of sense. But the market was all over the place after we got this widely telegraphed news. Dow gaining 260 points, SME dipping.1%, NASDAQ declining.3 ...

Thanks, Chair Powell. Matt Eaggan from CNN. We re we we recently learned that average FICO credit scores are down this year by two points, the most since 2009 during the Great Recession, and delinquencies are high for car loans, personal loans, credit cards.How concerned, if at all, are you about the health of consumer finances. And do you expect today's cut will help. So, you know, we're aware of that.I think this default rates have been um kind of ticking up and we do watch that. Um they're not at a level ...

We're digging deeper into all things Federal Reserve and the economy at this important juncture for each. Lawrence Summers is a Charles W. Elliot University professor and president at Harvard University and of course former US Treasury Secretary.Mr. . Summers, always nice to get some time with you. Thanks for hopping on this morning.Look, so markets are still uh very much focused on what Fed Chair Jerome Pal said at Jackson Hole, leaning more towards concern about the outlook for the job market. I would lov ...

India’s central bank has not “lost sight” of its growth objective, even as price stability remains its primary mandate, Governor Sanjay Malhotra said https://t.co/KrZZbO97nf ...

when it comes to the history of my country Germany going back to 1948 and we are grateful to the United States that you gave us an independent central bank. This was the starting point for the famous German weds wonder. So central bank independence is key to achieve price to be really to build the basis for economic growth.So we we have to take this into account. Paul gave many important relevant speeches here in Jackson Hall and uh this year I guess for him it's a very important meeting. It's his last meet ...

Central Bank Independence & Monetary Policy - Central bank independence is crucial for price stability and economic growth [2][5] - The speaker emphasizes the need to fight for central bank independence, drawing on Germany's post-1948 experience [3][4][5] - The speaker expects Jerome Powell to deliver a clear message on price stability and the central bank's mandate [7] Interest Rate & Inflation - The speaker believes interest rates are currently in equilibrium at 2%, aligning with the target [8][9] - The speaker suggests inflation is potentially no longer the primary concern, but disinflation risks need monitoring [9][10] - Service inflation remains high, above 3%, necessitating a wait-and-see approach to monetary policy [10][11] Economic Outlook - A mild recession in Germany is possible this year, but economic growth is expected to return next year [7][8] - The speaker notes the potential for imported disinflation from a strengthening Euro and cheap Chinese goods [10] - The bar for cutting interest rates is high, requiring significant evidence to warrant a change in monetary policy [12]

We're going to go right now to Jay Powell has become speaking and delivering this speech. >> In my remarks today, I will first address the current economic situation in the near term outlook for monetary policy. I will then turn to the results of our second public review of our monetary policy framework, as captured in the revised Statement on Longer Run Goals and Monetary Policy Strategy that we released today.When I appeared at this podium one year ago, the economy was at an inflection point. Our policy r ...

Monetary Policy Framework - The policy decisions are guided by principles that consider deviations from goals and varying time horizons for achieving the dual mandate of maximum employment and price stability [1] - Monetary policy is forward-looking, considering the time lags in its effects on the economy, thus policy actions depend on the economic outlook and balance of risks [2] - Setting a numerical goal for employment is considered unwise because the maximum level of employment is not directly measurable and changes over time for reasons unrelated to monetary policy [3] - A longer-run inflation rate of 2% is viewed as most consistent with the dual mandate goals, and commitment to this target helps keep longer-term inflation expectations well anchored [3] Inflation Target - Experience has shown that 2% inflation is low enough to ensure that inflation is not a concern in household and business decision-making while also providing a central bank with some policy flexibility to provide accommodation during economic downturns [4] Review Cycle - The consensus statement retained a commitment to conduct a public review roughly every 5 years to reassess structural features of the economy and engage with the public, practitioners, and academics on the performance of the framework [4][5]

Monetary Policy - The Fed is abandoning its 2020 flexible average inflation targeting framework [1] - Stable inflation expectations cannot be taken for granted [1] - Uncertain estimates that employment may exceed its maximum sustainable level do not necessarily warrant policy tightening [1] - Preemptive action may be needed if a tight labor market risks price stability [1] Inflation & Tariffs - The impact of tariffs on consumer prices is now clearly evident [1]

Product Offering - TWAP Bot (Time-Weighted Average Price Bot) splits large trades over time to maintain price stability during accumulation [1] Functionality - The bot aims to keep prices steady [1]