Joining us this morning, Richmond Fed President Tom Barkin here on Bloomberg Television and radio worldwide and on radio. They can't see it, but on television, people can see you have a bit of a bandage on your head. You just had one of those older people's kind of operations.Yeah, there's no truth that it was what happened in the last meeting. All right. Speaking of the last meeting, we came out of that believing that or at least Wall Street that you're going to cut rates again in October and maybe in Dece ...

Joining us this morning, Richmond Fed President Tom Barkin here on Bloomberg Television and radio worldwide and on radio. They can't see it, but on television, people can see you have a bit of a bandage on your head. You just had one of those older people's kind of operations.Yeah, there's no truth that it was what happened in the last meeting. All right. Speaking of the last meeting, we came out of that believing that or at least Wall Street that you're going to cut rates again in October and maybe in Dece ...

The stock market has notched a remarkable recovery from its early-April lows, delivering healthy double-digit returns in the wake of mounting optimism that stimulus from the One Big Beautiful Bill Act and Fed interest rate cuts offset tariff headwinds. Major market returns since April 8 lows: S&P 500: 32.7% Nasdaq: 46.7% Dow Jones Industrial Average: 22.4% The rally has lifted the major market averages, including the S&P 500 benchmark index, to all-time highs in September, frustrating many bears who ...

Although Russia’s economy is treading water, its deterioration has not fed through to the labour market. Real wages are at a record high and unemployment is at all-time lows https://t.co/pigEVsijN9 ...

Nepal has been upended by a youthquake. Violent street protests led by Gen Z sending the very seat of government up in flames and ending a prime ministership. >> This government does not care about us.It's time for us to get on the streets, wear our mask, wear our helmets, and come down on the street and challenge the government because they I feel like they're taking us for granted at this point. >> The first trimmers of the movement were felt in March with a fiery speech by a 16-year-old student during a ...

The wreckage in Nepal, during Asia's deadliest protest this year, sends a stark warning to leaders ruling over increasingly restless populations of smartphone-wielding youths seething over nepotism, corruption and unemployment https://t.co/JmkrzQ07aS ...

Core Viewpoint - The discussion centers around the Federal Reserve's monetary policy, particularly the need to lower the target interest rate to around 2% to avoid damaging the labor market and to align with market expectations for a neutral rate [1][6][8]. Group 1: Federal Reserve's Target Rate - The Federal Reserve's current target rate is at 4.25%, and there is a call to reduce it to approximately 2.5% to achieve a neutral stance [6][12]. - The neutral rate, as estimated from the TIPS market, is about 2.3%, which is higher than some economists' estimates [5][8]. Group 2: Economic Indicators - Rental prices are currently falling, contrasting with official statistics that still show rising rates, indicating a potential misalignment in economic indicators [3][9]. - There is a concern about inflation, which has been rising over the past four months, suggesting that the Fed must balance its focus on employment with inflation control [9][10]. Group 3: Labor Market Concerns - The labor market is described as being at a standstill, with no significant hiring activity, raising concerns about a potential increase in unemployment [14][15]. - Despite concerns, there is no immediate evidence of a sharp rise in unemployment claims or layoffs, indicating that a drastic policy change may not be necessary at this time [15][16]. Group 4: Supply-Side Policies - The discussion includes the potential impact of supply-side policies, such as tax incentives and deregulation, which could help alleviate inflation pressures by increasing production [10][11]. - There is speculation about the need for increased savings to support these supply-side measures, which remains uncertain [11].

Let's bring in Aean Jabvers for some more reaction. And Aean, he he did underscore the notion that he talked about last week in terms of there not being a risk-free path and also the Fed's stance on on tariffs being sort of an isolated event. Yeah, that's right, Melissa.He called it a challenging task for the Fed uh to deal with both inflation and unemployment, which are both going in uh the wrong direction potentially right now simultaneously. And so, how do you deal with that as the Federal Reserve chair. ...

NEW YORK (Reuters) -U.S. Federal Reserve Chair Jerome Powell said on Tuesday the central bank is in a "challenging situation" with an ongoing risk of faster-than-expected inflation at the same time that weak job growth has raised concern about the health of the labor market. In prepared comments to Rhode Island's Greater Providence Chamber of Commerce, Powell offered little indication of when he thinks the Fed might next cut interest rates, noting that there was danger to both cutting too fast and risking ...

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference, following the issuance of the Federal Open Market Committee's statement on interest rate policy, in Washington, D.C., U.S., Sept. 17, 2025.Federal Reserve Chair Jerome Powell said Tuesday that weakness in the labor market is outweighing concerns about stubborn inflation, leading to a decision he backed to lower the central bank's key interest rate last week.The Federal Open Market Committee's first cut of the year came amid signs tha ...