Podcasts about federal reserve chair powell

Federal Reserve Chair Powell pointed out that uncertainty had risen, and that inflation and unemployment might rise. These are all eloquent statements of the obvious. leaving the Fed reacting to data. Central banks that react rather than pre-empt data tend to be late in changing policy. Economic data is also increasingly less reliable, making data dependency more dangerous.

The Federal Reserve holds interest rates steady. Chair Jerome Powell says there still is too much uncertainty in how Trump Administration policies, especially tariffs, will affect the economy, inflation and job growth; Treasury Secretary Scott Bessent testifies before a House committee about his meeting this weekend with Chinese officials on tariffs and trade; more Trump Administration officials go before House Appropriations Subcommittee about their agencies' budgets, including Energy Secretary Chris Wright, FEMA Acting Administrator Cameron Hamilton and FBI Director Kash Patel; Attorney General Pam Bondi announces the arrest of over 200 alleged child sex predators; Rep. Elise Stefanik (R-NY) questions the President of Haverford College at a hearing on college antisemitism; Vice President JD Vance says Russia is "asking for too much" in peace negotiations with Ukraine; former President Joe Biden talks about war in Ukraine in a BBC Radio interview, his first since leaving office; black smoke comes out the chimney on the Sistine Chapel at The Vatican, meaning no pope elected on the first ballot of the Conclave. Learn more about your ad choices. Visit megaphone.fm/adchoices

Americans expect inflation to rise to 6.5% this year according to the University of Michigan's latest consumer sentiment survey. That's the highest outlook since 1981. We'll explain why those high inflation expectations could be keeping Federal Reserve Chair Powell up at night. And, the deal filmmaker Ryan Coogler made with Warner Bros. to make his latest horror movie “Sinners” is anything but ordinary. Could it shake up the Hollywood studio system? "Trump administration reverses abrupt terminations of foreign students' US visa registrations" from Politico"Ryan Coogler's 'Sinners' isn't just scaring audiences. It's scaring Hollywood." from MSNBC"Inflation expectations remain at highest level since 1981 even after Trump's 90-day tariff pause" "Pickle, a Fashion App, Lets Strangers Borrow Your Clothes" from The Cut"Subtitling Your Life" from The New Yorker"Is community fact-checking the future of social media moderation?" from Marketplace"The $20,000 American-made electric pickup with no paint, no stereo, and no touchscreen" from The VergeGot a question for the hosts? Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Americans expect inflation to rise to 6.5% this year according to the University of Michigan's latest consumer sentiment survey. That's the highest outlook since 1981. We'll explain why those high inflation expectations could be keeping Federal Reserve Chair Powell up at night. And, the deal filmmaker Ryan Coogler made with Warner Bros. to make his latest horror movie “Sinners” is anything but ordinary. Could it shake up the Hollywood studio system? "Trump administration reverses abrupt terminations of foreign students' US visa registrations" from Politico"Ryan Coogler's 'Sinners' isn't just scaring audiences. It's scaring Hollywood." from MSNBC"Inflation expectations remain at highest level since 1981 even after Trump's 90-day tariff pause" "Pickle, a Fashion App, Lets Strangers Borrow Your Clothes" from The Cut"Subtitling Your Life" from The New Yorker"Is community fact-checking the future of social media moderation?" from Marketplace"The $20,000 American-made electric pickup with no paint, no stereo, and no touchscreen" from The VergeGot a question for the hosts? Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

With investor concerns growing, US President Trump demonstrated the art of the retreat. They stated they had “no intention” of firing Federal Reserve Chair Powell. Trump may not be able to (legally), but markets will still have lingering concerns about Fed independence. Trump also said they would be “very nice” in any trade negotiations with China, raising hopes that the tax burden on US consumer may lessen.

On today's episode: The latest on the death of Pope Francis and the what is still to come; the White House is standing behind Defense Secretary Pete Hegseth; the NCAA passes a series of rules that sets the table for schools to pay athletes; and Harvard is suing the Trump administration. US Supreme Court appears likely to uphold Obamacare's preventive care coverage mandate. Trump says gray skies for the White House Easter egg roll mean no worries about sunburn. Homeland Security Secretary Noem's purse stolen at DC restaurant, officials say. Wife of former US Sen. Bob Menendez convicted in bribery scheme. Sarah Palin tells defamation trial jury that Times editorial 'kicked the oomph' out of her. Abortions are resuming at a Wyoming clinic after judge suspends laws. Montana has a measles outbreak with its first cases in 35 years. Here's what you should know. Gunman who killed 23 in a racist attack at a Walmart in El Paso pleads guilty to capital murder. Delta plane catches fire at Orlando airport, forcing passenger evacuations. Wall Street and the dollar tumble as investors retreat further from the United States. Trump renews attack on Federal Reserve Chair Powell, Dow Jones tumbles 1,000 points. Long journey to the NFL draft is only the beginning for college prospects aiming to make the pros. A historic losing streak ends and a nail-biter in the NBA Playoffs, the NHL’s all-time leading goal scorer notches a first and another overtime thriller in the Stanley Cup Playoffs and two Kenyan runners prevail in the Boston Marathon. Duke freshman Cooper Flagg is headed to the NBA as the favorite to be the No. 1 overall draft pick. Sharon Lokedi breaks Boston Marathon course record. John Korir joins his brother as a Boston winner. China warns countries against making trade deals with the US unfavorable to Beijing. —The Associated Press About this program Host Terry Lipshetz is managing editor of the national newsroom for Lee Enterprises. Besides producing the daily Hot off the Wire news podcast, Terry conducts periodic interviews for this Behind the Headlines program, co-hosts the Streamed & Screened movies and television program and is the former producer of Across the Sky, a podcast dedicated to weather and climate. Theme music The News Tonight, used under license from Soundstripe. YouTube clearance: ZR2MOTROGI4XAHRX

US National Economic Council Director Hassett said US President Trump was investigating whether they could fire Federal Reserve Chair Powell. Investors seem less than happy with the idea of a politicized Fed—the US dollar and long-dated government bonds have weakened. There are checks on the president's authority. Fed governors need to be confirmed by the Senate. The FOMC chair does not have to be the Fed chair. However, some of these checks depend on rule of law.

AP Washington correspondent Sagar Meghani reports markets have dropped again amid President Trump's criticism of the Fed's chairman.

Federal Reserve Chair Powell noted US President Trump's trade taxes would raise inflation and lower economic growth. Markets have already worked this out, but Powell saying it has policy implications. On the evidence of (unreliable) sentiment surveys, over a third of US consumers think inflation will exceed 10% this year. Powell emphasized longer-term inflation expectations, which should still allow for rate cuts. The self-inflicted nature of the economic slowdown may limit the number of cuts.

AP Washington correspondent Sagar Meghani reports President Trump is showing more frustration with Fed chair Jerome Powell over interest rates.

Financial markets expected a significant tax increase from US President Trump. Yesterday's reaction shows the tax increase was worse than anticipated. US dollar weakness is telling. We often hear that when the US sneezes the global economy catches cold. This is not the US sneezing. This is the US cutting off its own arm. The self-inflicted economic cost naturally weakens the dollar. Federal Reserve Chair Powell speaks today on the economic outlook.

Yesterday's US consumer price data provoked some unease in bond markets. This is mainly the fault of Federal Reserve Chair Powell—not because Powell's policies drove inflation higher, but because Powell's “data dependency” mantra means markets overreact to any data point. Egg prices are not controllable (not even by presidential executive order), but the fact that food price inflation is creeping up may have implications for other policies that are hurting US farmers. Today's producer price data may show companies anticipating tariffs.

Yesterday's US consumer price inflation data was benign. Consumer durable goods prices fell for a majority of the Biden administration. Although consumers do not focus on such prices when considering inflation, this deflation did boost consumer spending power. The abrupt market response reflects the problem with Federal Reserve Chair Powell's “data dependency” mantra: any data release (however dodgy) prompts an extreme market response.

With the wearisome repetitiveness of a tacky Christmas song, a US government shutdown is again threatened. A budget deal backed by president-elect adviser Musk and President-elect Trump failed to pass Congress. Absent a deal, the US government starts to shut down tonight. A short-lived shutdown affects government workers, but has limited economic impact. The longer a shutdown lasts, the more disruptive it is to the US economy. Economic data may not get published in a shutdown (a problem for Federal Reserve Chair Powell with their addiction to data dependency).

In a recent Bitcoin podcast discussion, the crew analyzed Bitcoin's milestone of reaching $100,000, highlighted by supportive statements from Federal Reserve Chair Powell, Putin, and Trump within 24 hours. Powell's comparison of Bitcoin to gold rather than the dollar was seen as a significant shift in institutional recognition. The crew examined MicroStrategy's convertible bond strategy, now being replicated by other companies, while raising concerns about potential risks for late adopters attempting similar approaches.The crew debated whether Bitcoin would continue experiencing traditional 80% market crashes, with some arguing that institutional and nation-state buyers might prevent such deep downturns. Key statistics revealed that missing just two best trading days annually would result in -5.9% returns versus 12,000% for holding, emphasizing the importance of long-term investment. As Bitcoin becomes the seventh largest global asset, the crew shared mixed predictions about reaching $1 million by 2025, though many agreed that gold parity (around $500,000) could be achievable with strategic reserve adoption. The consensus viewed this as a crucial transition period for Bitcoin from a speculative asset to an established store of value. Start buying your first Bitcoin in just minutes, with no fees on your first $10k. Search "Swan Bitcoin" in your app store or visit swan.com/app.Put Bitcoin into your IRA and own your future. Check out swan.com/ira.Swan Vault makes advanced Bitcoin security simple. Secure your BItcoin in a multisignature vault that requires 2 of 3 keys to access. You hold two keys for complete control, but you don't have to go it along. Learn more at swan.com/vault.Swan Private helps HNWI, companies, trusts, and other entities go beyond legacy finance with BItcoin.

In the latest LPL Market Signals podcast, LPL Research's Chief Equity Strategist, Jeffrey Buchbinder, is joined by Chief Fixed Income Strategist, Lawrence Gillum, as they recap last week's stock market decline, share some perspective on the latest bond market selloff, and highlight some things that may be different with Trump's trade policy this time around. Stocks fell last week, led down by healthcare and small caps. Markets were held back by rising rates after Federal Reserve Chair Powell indicated the Fed was in no hurry to raise rates, while the prospects for RFK Jr. as President-elect Trump's Healthcare Secretary rattled vaccine makers. Since the September 16 low, the 10-year Treasury yield is higher by over 0.80%. The bulk of the move higher is due to better economic data that has pushed out the need for aggressive rate cuts from the Fed. The strategists believe markets are better aligned with likely Fed cuts so, the bulk of the move higher in bond yields could be behind us. The strategists then put Trump's tariffs into perspective by looking back at how much of the so-called “tax” was paid by consumers and how much was absorbed by producers and international manufacturers. Tracking: #659651

The US employment report last Friday was weak, but distorted. It does not add much useful information on the US economy, although it serves as a reminder that real time economic data is not reliable and is frequently revised. Federal Reserve Chair Powell's strategy of data dependency depends on undependable data.

Yesterday's US GDP revisions offered several lessons to investors. The tendency for many countries to revise economic activity frequently, significantly, and positively is a reminder that real-time data lacks precision and data dependency is not a proper policy framework. Someone should attempt to explain that to Federal Reserve Chair Powell. The 2022 “technical recession” (a media term, not an economist's term) was predictably revised out of existence.

US politics keeps resurrecting ideas from the 1970s—most recently questioning central bank independence. Some economists argue that Federal Reserve Chair Powell is the worst central bank head since Fed Chair Burns (who served US President Nixon). Burns was independent in theory, but not in practice. Former US President Trump suggested this week's rate cut was political in nature, and that the Fed should be more under his control. US President Biden defended Fed independence yesterday.

The US rate-cutting cycle began with a 50bp cut—the sort of move normally reserved for an economic emergency. The US has near full employment, steady consumption, and rising real wages. This is no economic emergency. It is not plausible to claim Federal Reserve Chair Powell knows something economists do not (especially after yesterday's press conference). The fact that a Fed governor dissented for the first time in 19 years helped reduce the impression of panic.

In this week's Market Minutes recap, hear from our team of investment experts as they share their perspectives on the latest market and economic activity. Our panel shares detailed insights into the S&P CoreLogic Case-Shiller Home Price Index, PCE Inflation report, rate cuts, NVIDIA, and the upcoming Key Wealth National Call.Speakers: Brian Pietrangelo, Managing Director of Investment StrategyGeorge Mateyo, Chief Investment OfficerRajeev Sharma, Head of Fixed IncomeStephen Hoedt, Head of Equities 01:58 – S&P CoreLogic Case-Shiller Home Price Index hits all-time high in June 03:15 – The Personal Consumption Expenditures (PCE) Inflation data for July remained the same as June04:37 – Comments on this week's economic news and how we can conclude that inflation is cooling, and overall spending is gradually increasing06:48 – Remarks on last week's Jackson Hole Symposium, with Federal Reserve Chair Powell, and the rate cut forecast before the end of the year10:17 – NVIDIA makes headlines once again, beating revenue and earnings expectations; however, the bulls and bears had mixed reactions 14:40 – Final comments highlighting the upcoming Key Wealth National Call Wednesday, September 4th at 1:00pm EST Additional ResourcesKey Questions: When the Fed Cuts Rates, Should Investors Cut Their Exposure to Stocks | Key Private BankKey Questions | Key Private BankSubscribe to our Key Wealth Insights newsletterEconomic & Market ResearchWeekly Investment BriefFollow us on LinkedIn

We have US June consumer price inflation data. Federal Reserve Chair Powell thinks this matters, because politicians think this matters, and Powell thinks politicians are important. Economists, who are actually important, tend to regard headline US consumer price data as a rather poor quality statistic.

Senate & House Democrats meet privately to discuss concerns by some over President Joe Biden's health & reelection campaign, interview with Politico's Paul McLeary on NATO Summit in Washington (27), Federal Reserve Chair Powell testifies before a Senate committee on inflation and interest rates, House passes bills to block Biden Administration dishwasher and refrigerator efficiency standards, former Sen. Inhofe (R-OK) dies. Learn more about your ad choices. Visit megaphone.fm/adchoices

Federal Reserve Chair Powell is testifying to the Senate Banking Committee today. The issue is whether Powell (who is not an economist) will be able to answer any perceptive questions that might be asked. If US inflation is lower than in Europe, why is the Fed not cutting rates? Why emphasize data dependency when data is unreliable and policy works with a lag?

Guy Adami is off for the week so it's just Dan Nathan and Danny Moses left to delve into the latest market trends. After the break, the guys are joined by Helima Croft, Managing Director and Global Head of Commodity Strategy at RBC Capital Markets, who shares her expertise on commodity market volatility, OPEC negotiations, and global factors influencing oil prices. The discussion also covers Federal Reserve Chair Powell's comments on inflation, bank earnings, and the effects of Middle Eastern geopolitical tensions on the energy sector. The episode explores intricate dynamics involving Iran and Russia, potential changes in U.S. administration policies, and the ramifications for energy stocks and major tech and retail companies amid current economic conditions. Timecodes 00:00 - Welcome to On the Tape Podcast 01:30 - Market Volatility and Fed Chair Powell's Speech 02:18 - Analyzing the Upcoming Jobs Report 05:55 - Bank Earnings and Market Sentiment 10:40 - Tech Stocks and AI Developments 18:20 - Retail Giants: Walmart and Costco 23:03 - Apple's AI Ambitions and Market Position 29:25 - Tesla's Q2 Deliveries and Market Reaction 36:00 Helima Joins The Pod 42:25 - Oil Market Dynamics and Geopolitical Factors 50:32 - US Energy Policy and Global Implications 56:33 - Iran and Middle East Tensions 01:08:00 - Russia's Energy Strategy Subscribe to our newsletter: https://riskreversalmedia.beehiiv.com/subscribe — About the Show: On The Tape is a weekly podcast with CNBC Fast Money's Guy Adami, Dan Nathan and Danny Moses. They're offering takes on the biggest market-moving headlines of the week, trade ideas, in-depth analysis, tips and advice. Each episode, they are joined by prominent Wall Street participants to help viewers make smarter investment decisions. Bear market, bull market, recession, inflation or deflation… we're here to help guide your portfolio into the green. Risk Reversal brings you years of experience from former Wall Street insiders trading stocks to experts in the commodity market. — Check out our show notes here See what adding futures can do for you at cmegroup.com/onthetape. — Shoot us an email at OnTheTape@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod on Twitter or @riskreversalmedia on Threads — We're on social: Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow Liz Young @LizYoungStrat on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page The financial opinions expressed in Risk Reversal content are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on Risk Reversal. Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in Risk Reversal carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money that you can afford to lose. Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service.

Federal Reserve Chair Powell said yesterday that the strength of the US economy and labor market meant the Fed could take its time in cutting rates. This is a rather risky point of view. US inflation has collapsed more than eight percentage points, and the harmonized measure is below 2%. Taking time means tightening policy further. Can the US economy withstand more tightening?

Federal Reserve Chair Powell wants further inflation declines before the Fed cuts rates. US inflation is already at or near target for the prices over which the Fed has control. Last month's consumer price inflation did surprise to the upside, mainly because of rents in the city of Detroit.

A single, dubious quality US data report last Friday was enough to send bond and equity markets into paroxysms of delight. One month's employment report should not trigger market moves of this degree. It is easy to put all the blame for this on the exuberance of traders, but Federal Reserve Chair Powell's mantra of “data dependency” means investors will naturally elevate imprecise short-term data releases into the arbiters of US monetary policy.

Interview with The Hill's Al Weaver on Senate starting on an FAA reauthorization bill (5), House passes a bill to prosecute antisemitism on college campuses under anti-discrimination laws, Federal Reserve Chair Powell announces no change in interest rates, UnitedHealth CEO Andrew Witty apologizes at House and Senate Committees for handling of massive cyberattack. Learn more about your ad choices. Visit megaphone.fm/adchoices

(AURN News) - Every time you head to the grocery store or to the gas pump, you're reminded just how expensive everything has gotten. American consumers already grappling with stubbornly high prices received more discouraging news this week from the nation's top monetary policymaker. Federal Reserve Chair Jerome Powell said the central bank's fight against soaring inflation is not going as well as officials had hoped. In remarks given Tuesday at the International Research Forum on Monetary Policy in Washington, D.C., Powell acknowledged that "recent readings on both job gains and inflation have come in higher than expected." The Fed has implemented a series of interest rate hikes in an effort to cool the economy and rein in price increases, most recently choosing to hold rates at their current levels. There were even suggestions among economists that we may see rate decreases at some point this year.  “While we have seen considerable progress in lowering inflation, the job of sustainably restoring 2% inflation is not yet done,” Powell cautioned. "My baseline outlook continues to be that inflation will decline further, with the policy rate held steady at its current level, and that the labor market will remain strong, with labor demand and supply continuing to rebalance," Powell said. "Of course, the outlook is still quite uncertain, and if incoming data suggest that inflation is more persistent than I currently expect it to be, it will be appropriate to hold in place the current restrictive stance of policy for longer." Translation: be prepared to continue paying higher prices for the time being. Learn more about your ad choices. Visit megaphone.fm/adchoices

Federal Reserve Chair Powell is not an economist. Not everyone can be an economist, but central bank heads probably should be economists. Yesterday, Powell stated reaching 2% inflation was taking longer than expected. The US PCE deflator is 2.5% y/y, the core PCE deflator is 2.8% y/y, and harmonized inflation is 2.4% y/y. Imprecise data means most economists regard a 2% inflation target as meaning a 1%-to-3% range. The fictional owners' equivalent rent may be taking longer than expected to reach 2%, but that is not the same thing as inflation.

Markets await US March consumer price inflation data, due for release on Wednesday. Federal Reserve Chair Powell's 2022 policy errors elevated the importance of consumer price inflation, and thus downgraded the importance of actual, real-world inflation. The details of the inflation data may be important. City-based inflation figures, and the trends in price levels (and inflation) for high frequency purchases are politically relevant ahead of the November elections.

Federal Reserve Chair Powell spoke yesterday. Today, no fewer than five members of the Fed are speaking on the economic outlook, presumably to clarify what Fed Chair Powell “meant to say”. Actually, Powell's speechwriters did not say much controversial, keeping rate cut expectations alive. Media comment around this has tended to sensationalize—inflation is branded as sticky (it is not), and above target (moot point).

Federal Reserve Chair Powell is speaking on the economic outlook today. An explanation of how Fed policy transmitted (or failed to transmit) to inflation would be interesting. Instead, comments are likely to focus on the prospect for three rate cuts this year, in line with other Fed speakers.

House Oversight Committee hearing on Biden impeachment investigation with ex-business partners of Hunter Biden; Speaker Johnson on FY24 spending bill package with government shutdown deadline coming Friday; President Biden announces grants & loans to Intel for chip plants in four states; Federal Reserve Chair Powell on no change to interest rates; Israel Prime Minister Netanyahu speaks by video to Senate Republicans, but not Senate Democrats. Learn more about your ad choices. Visit megaphone.fm/adchoices

Federal Reserve Chair Powell testifies to the Senate today. Yesterday's remarks were consistent with three or four rate cuts this year, but there was surprise suggestion that a proposed tightening of bank regulation may be rethought. Fed President Kashkari hinted at support for a drastic tightening of monetary policy (suggesting only one rate cut this year, generating soaring real rates).

A pre-recorded television interview with Federal Reserve Chair Powell was broadcast over the weekend. Powell's public remarks have a scarcity value that certain other central bank leaders might learn from. The value of the content of Powell's remarks is, perhaps, more questionable. Powell focused on what his colleagues were thinking—no March rate cut, three cuts this year. Powell added that a weaker economy might mean more rate cuts, a stronger economy fewer rate cuts.

The violent swings in US equity pricing yesterday tell investors all they need to know about Federal Reserve Chair Powell's communication skills. In the battle between extremists predicting a hard landing and the realists who see a soft economic landing, the Fed seems to tilt towards a soft landing. Rates have peaked, a March cut is (probably) not happening, but cuts are coming.

The last month of 2023 was marked by equity and bond rallies. The economic outlook did not really change, but the language of Federal Reserve Chair Powell did. Because Powell's past policy errors comprehensively trashed forward guidance, investors can choose which guidance they wish to follow. Other Fed members trying to dilute the reaction to Powell have been ignored.

Federal Reserve Chair Powell sparked an “everything” rally last week. This prompted the others on the FOMC to dampen the more extreme speculation. New York Fed President Williams (an economist, so deserving of considerable respect) suggested a March cut was not feasible. Markets have retreated in response.

Friday's US employment report was stronger than expected, but the surprises could be revised away in the coming months (US data quality has deteriorated, meaning more revisions). However, Federal Reserve Chair Powell's failure to articulate an economic thought process and consequent mantra of “data dependency” has left markets at the mercy of high frequency data releases of dubious quality.

House votes to expel Rep. Santos (R-NY); Secretary of State Blinken on end of Israel-Hamas war humanitarian pauses; Federal Reserve Chair Powell on economy and interest rates; interview with The Hill's Zach Schonfeld on SEC v. Jarkesy; a Supreme Court case about federal agency powers to issue fines (31); retired Supreme Court Justice Sandra Day O'Connor dies. Learn more about your ad choices. Visit megaphone.fm/adchoices

Economists risk being trampled by the herd of central bankers rushing towards media microphones. Bank of England Governor Bailey and Federal Reserve Chair Powell are both speaking, as are several European Central Bank members. Do investors care what they say? Probably not. Markets are comfortable that monetary policy rates have peaked; central bank speak is unlikely to change that. Any defensive hawkish rhetoric implying rate hikes are possible is likely to be met with a cynical “they would say that, wouldn't they?”.

Speaker candidate Rep. Jordan (R-OH) scraps plan to give Speaker Pro Temp Patrick McHenry (R-NC) additional powers and says he will try to win over enough House Republicans to be elected, President Biden gives prime-time address on Israel's war with Hamas and Russia's invasion of Ukraine, Federal Reserve Chair Powell speaks at Economic Club of New York. Learn more about your ad choices. Visit megaphone.fm/adchoices

In one sense the global economic story is very clear-but is it obvious enough even Federal Reserve Chair Powell will notice? Cooling consumer goods demand is keeping disinflation pressures alive. China's August export data showed another (expected) significant drop. The data is now consistent with counterparts' trade data (unlike earlier this year when China reported exports no one seemed to be importing).

Federal Reserve Chair Powell speaks at the Jackson Hole summer camp for central bankers. A simple apology is all that is required, but a speech is what we get. For all the hype, it probably does not matter that much.

Today's US consumer price inflation report for June stands as a monument to Federal Reserve Chair Powell's policy errors. No single statistic should matter so much to markets. Coherent central bank communication should leave investors interested in consumer price inflation-but as part of a survey of trends across a wide range of indicators. Obsessing over a single statistic is wrong, and a result of Powell's policy approach.

This morning comment rarely quotes non-economists, but yesterday Federal Reserve Chair Powell said “the process of getting inflation down to 2% still has a long way to go.” That is not true in parts of the US, where inflation is already below 2%. In many other cities, inflation is below 3.5%. The details show that inflation can fall very rapidly. The question is why places like Florida suffer continuous high inflation.

Interview with Plain Dealer's Sabrina Eaton on former Special Counsel John Durham testifying before Congress on his investigation of the Russia investigation (9), Federal Reserve Chair Powell on inflation and interest rates, State Dept asked about President Biden calling Chinese President Xi Jinping a dictator. Learn more about your ad choices. Visit megaphone.fm/adchoices

Federal Reserve Chair Powell makes his semi-annual testimony to Congress today. There is more than a suspicion that the June pause in policy was part of a compromise to appease the Fed's factions—with the promise of a hike in July the quid pro quo. Powell has tended to be reactive, focusing on current inflation rather than considering where inflation is going.

AP correspondent Ed Donahue on Federal Reserve Powell

Federal Reserve Chair Powell on interest rate hike, bank failures and debt limit increase debate, Senate considers restoring tariffs on some solar panel imports, Senate Republicans urge Title 42 public health rule to allow migrant expulsions not be allowed to expire, Russia claims Ukraine tried to assassinate Russian President Putin. Learn more about your ad choices. Visit megaphone.fm/adchoices

Your morning briefing. The news you need in just 15 minutes. On today's podcast: (1) Federal Reserve Chair Powell softens his tone on the size of a March rate hike. (2) BOE policy maker Swati Dhingra cautions against raising rates further. (3) UK Regulator offered 'significant' changes to listings rules in a bid to secure Arm listing. (4) Rookie traders earn $400K in Sydney's unlikely markets hub. See omnystudio.com/listener for privacy information.

Federal Reserve Chair Powell's cry of “hike, hike, hike” was evident in the Senate testimony yesterday. Powell stressed “data dependency” but not “understanding the data”. Profit-led inflation and seasonal adjustment distortions may slow disinflation early in the year, and accelerate disinflation later in the year. Despite some articulate questioning, Powell failed to elaborate how policy tightening will transmit to reversing profit-led inflation.

Interview with Politico's Victoria Guida on Federal Reserve Chair Powell's testimony before the Senate Banking Committee (9), two Americans kidnapped in Mexico found dead & two others return home, Senators react to Fox News host Tucker Carlson's portrayal of January 6th attack on the U.S. Capitol, Gov. Ron DeSantis (R-FL) gives his State of the State Address. Learn more about your ad choices. Visit megaphone.fm/adchoices

On today's Macrocast, Bryan, John, and Brendan host John Dick from Civic Science and Ylan Mui, a managing director at Penta. Ylan just joined Penta by way of CNBC, where she covered economic and regulatory policy for six years. The group discusses the latest economic sentiment index, which shows consumer optimism ticking down from the record high two weeks ago and more evidence of a "hangover" in spending following the post-COVID surge. Plus, the group  looks ahead to Federal Reserve Chair Powell's upcoming testimony before the Senate Banking Committee on Tuesday, where Democrats like Sherrod Brown are likely to press Powell on the threat to employment posed by rate hikes. Take a look at Penta's latest ESI analysis here.

AAP portfolio manager Chris Versace and TheStreet Smarts' Todd Campbell have quite a bit to talk about on this week's AAP Podcast. They jump right into it discussing President Biden's 2023 State of the Union, sharing what stood out to them and why. Todd tied several of Biden's agenda items to potentially help orchestrate a softer than expected landing for the economy. Chris recapped his take on Federal Reserve Chair Powell's appearance at the Economic Club of Washington earlier this week and dished with Todd on changes in fed funds rate expectations. Todd also previewed an upcoming discussion in Smarts about the market's valuation with Chris helping backfill the conversation with some supporting data he's shared with AAP members previously. After discussing why they both find the intersection of autos and chips an interesting area (and yes, particular stocks were named), they segued to artificial intelligence touching on the news this week from Alphabet (GOOGL), Microsoft (MSFT) and Baidu (BIDU). After boiling away the headlines, the question they are pondering is what's the use case? Is this something that will be a game changer or much like the metaverse and virtual reality, is it more hype than substance in the near term? They also postulated which company potentially has the most to gain and which one the most to lose. And neither was impressed by Google's landing on the name “Bard” for its AI technology, but then again Microsoft naming its search engine “Bing” wasn't all that impressive either.

Federal Reserve Chair Powell speaks. It would be helpful to hear an assessment of what the Fed actually thinks is happening given structural economic changes, cyclical impulses, and poorer quality data. An explanation of how the Fed thinks higher rates will change profit-led inflation would also be nice. Instead, we are likely to get unhelpful platitudes; "Payrolls high. Hike, hike, hike."

Newsflow over the past week was dominated by Central Banks as they continued to tighten monetary policy in their ongoing fight against inflation. Perhaps most importantly for global markets, the US Federal Reserve ("Fed") increased its funds rate by 0.25% to a target range of 4.5 - 4.75%, marking the 8th increase (albeit the smallest rate of increase) since March 2022. The Bank of England and the European Central Bank both read from the same script and followed suit, each raising their benchmark lending rates by 0.5% (to 4.0% and 2.5% respectively)...Stocks featured:Amazon, Apple and BT GroupTo find out more about the investment management services offered by Walker Crips, please visit our website:https://www.walkercrips.co.uk/This podcast is intended to be Walker Crips Investment Management's own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange. Hosted on Acast. See acast.com/privacy for more information.

US consumer price inflation is not a cost of living index and says little about the real world experience of most US households—the largest component is an entirely made-up number. However, it sets the indexation of tax brackets and much US government spending. Federal Reserve Chair Powell's great June policy errors elevated the importance of consumer prices to policy. Today's data release thus matters to markets.

Federal Reserve Chair Powell's communication confused markets. A slower pace of rate hikes with a hint that tightening could slow before inflation fell dramatically seems dovish. But Powell channelled 1920s New York Governor Strong with promises of a higher terminal fed funds rate. Markets eventually focused on the hawkish tone.

THE THESIS: Gavin Newsome has crossed a very bright, redline. He has declared himself owner of all children. Not only is this a declaration of war against parents and the family unit, it's a declaration of war against God. When God created Man and Woman, He created the family and Gavin Newsome is attacking the very foundational basis of God's design for humanity. THE SCRIPTURE & SCRIPTURAL RESOURCES: Mark 3:26And if Satan opposes himself and is divided, he cannot stand; his end has come.1 Peter 5:88 Be alert and of sober mind. Your enemy the devil prowls around like a roaring lion looking for someone to devour.THE NEWS & COMMENT:So much of this goes back to Karl Marx. He was not an atheist, he hated God, In fact, Marx wrote that he would get revenge on God and that he would be as powerful as God. Understand Marx to understand Critical Theory, understand that to comprehend America in 2022.The Lord made us in His image. But, that is offensive to Newsom and the rest of The Party. To get their revenge against God, California has passed into law an act that they say will let them medically kidnap kids. Newsom signs bill to allow minors from other states to receive medical “gender” “transitions” [read: mutilations] without parental consent . . . This same evil and blatantly illegal theory can be used for anything The Party wants to do to your kid! If they can seize kids from other states to mutilate, they can seize them to “re-educate” or to “rescue” them from bitterly clinging parents. Yes, this is the same Gave Newsom who effectively called Gov. DeSantis a human trafficker.Video: Remember when Gavin Newsom called on the so-called “DOJ” to investigate Ron DeSantis for human trafficking? In the Babylon of D.C., Congress failed to pass an act affirming the rights to say not to their children being surgically and chemically mutilated. Video: “Gender activists get very upset when we refer to puberty blockers as "chemical castration" drugs, but here is Dr. Michael Irwig, endocrinologist and author of the WPATH's new "Eunuch" chapter, talking explicitly about using puberty blockers to "chemically castrate" eunuchs.Think back to Marx and his delusion that he would get revenge against God. Look what a court is up to: using Critical Theory, a Marxist construct, as a way to transform the judiciary. This is already being done in the separate country of Washington where “equity-in-sentencing” is used to let people with darker skin off easier in court than people with lighter skin. It's racism, it's divisie and it's ungodly. Federal Court: Critical Race Theory Is a ‘Resource' To ‘Transform' Judiciary; Rhode Island district court to host panel promoting CRTThis extends into other parts of the practice of what used to be law. The entirely corrupt American Bar Association wants to punish lawyers who offend the people in charge of America: men who think they are women, criminals who think they are victims and anyone else The Party decides to empower as part of the Cultural Revolution. American Bar Association Files Brief Supporting Disciplining Lawyers Who Offend Protected Groups; ABA files amicus brief in pending case testing legality of a Pennsylvania professional conduct rule muzzling lawyers' supposedly offensive speech, clearly intended to mandate adherence to leftist race and other politics.. . . how does a lawyer defend a client without offending the accused? Back to Marx: he told his followers to take over the institutions and they have!This stuff matters more than people would imagine. Look at how few colleges produce the bulk of professorsIt's good to see some people fighting back, like this judge. Judge will refuse to hire clerks from YaleAll of this is just a warm-up. The party fully intends to go to war against our clearest bridge to the Lord: our conscience. Jesus Christ told us that His flock--that is, discipled Christians--will know His voice. The Holy Spirit helps us with that and God has filled our consciences with right and wrong. The Party is attacking that bridge to the almighty. Please remember, the Enemy cannot steal our faith, but we can let him distort it if we are not grounded in the Word of God. Video: New Zealand PM Jacinda Ardern calls free speech on the internet a "weapon of war." This is a very dangerous individual.Dr. Gavin Newsom, sheepishly signs Bill 2098 into law, now going after doctors in California who he claims, spread disinformation about COVID-19; THIS GUY is a weasel, pusillanimous; He is chilling, trying to punish doctors for exercising their clinical judgment & talking to patients, so this nutball must say, how should doctors talk to their patients, & about what, Dr. Newsom?From our conscience to the resources God has given us to steward . . . Federal Reserve announces major ‘pilot exercise' for ESG social credit score system; "Climate finance" is almost identical to that of the Chinese Communist Party's social credit score system.Video: NOW - US central bank digital currency would not be anonymous, says Federal Reserve Chair Powell.This is working because people have been traumatized. Let us refuse to be afraid as Jesus taught us and the Bible makes clear: God will deliver His Church. Video: This is a possessed person: Canadian actress Jennifer Gibson ESG would reward her for slowly killing herself THE LISTENERS:Lance Wow, Just Wow. I was tearing up at the end brother. The least of these indeed. That man cares so deeply. The evil doers are in for a rude awakening either the here or the hereafter. God Bless you. I shared this with my three adult kids. PS, I listen at normal speed out of respect to you and the message.--- --- ---Jim Another excellent interview Todd, thanks! Sharing with those in my circle. Praying for John that he would know Jesus is the answer to the evil he is seeing and overwhelmed with. Great job sharing that truth with him.--- --- ---Stephanie,Todd, please remember God made us who we are. That includes your laugh and you should not even be considering the letter regarding it. How is ones laugh any different than their weight, sex, or hair color. WE ARE CHILDREN OF GOD, NOT MAN.love you,Your sister in Christ

Federal Reserve Chair Powell spoke for around eight minutes on Friday, seven and half minutes longer than was necessary. There was no grand philosophy and little forward guidance. Equity markets did not like the reference to policy remaining restrictive - though this interpretation seems to overlook that policy might also mean quantitative policy.

Federal Reserve Chair Powell warns of 'some pain" to bring down high inflation, DOJ releases redacted affidavit supporting Mar-a-Lago search warrant, anniversary of deadly Kabul airport terror attack, NASA previews Artemis moon mission launch. Learn more about your ad choices. Visit megaphone.fm/adchoices

Following the Fed's decision to raise interest rates, Federal Reserve Chair Powell stated that the Fed's goal is to bring about 2% inflation while keeping unemployment down. But, achieving the first goal will almost certainly mean a weakening labor market. How do you sell the necessity of a weakening labor market to the public? The Fed appears to have a strategy. Confluence Chief Market Strategist Bill O'Grady joins the podcast to discuss.

Federal Reserve Chair Powell - the 21st century equivalent of former Fed Chair Burns - testified to Congress that the Fed was not trying to create a recession. That sounds suspiciously like forward guidance. The Fed has destroyed all credibility around forward guidance. The challenge is that recent extraordinary events have changed ordinary economic behavior.

Brett Winterble sits in for Dana. Federal Reserve Chair Powell testifies on inflation. Biden says Republicans are wrong to say he shut down oil fields. The White House denies a recession is inevitable. Americans are not watching the January 6th hearings. We go live to Biden calling for a suspension of the gas tax. Grocery stores bend the knee after a state congressional candidate finds koozies in a store with gun images.Please visit our great sponsors:Black Rifle Coffeehttps://blackriflecoffee.com/danaJoin the club, the coffee club, today. Save 20% off your purchase.Good Rancherhttps://goodranchers.com/danaCelebrate Independence Day with American Meat. Sign up today for 18oz Ribeyes FREE.Hartford Gold GroupCall 1-866-887-1188 or text DANA to 998899 for up to $1500 in free Silver with qualifying first purchase. HumanN- Superbeetshttps://danasbeets.comFight fatigue with Superbeets heart chews and save up to 45% off.Kel-Techttps://KelTecWeapons.comKelTec: Creating Innovative, Quality Firearms to help secure your world.Patriot Mobile https://PatriotMobile.com/DanaFree Activation with promo code DANA. Patriotmobile.com/dana or call 972-PATRIOT.Tommy Johnhttps://tommyjohn.com/danaStay cool this summer with 20% off your first order.

Federal Reserve Chair Powell said the central bank should tighten policy a little more quickly. Growth risks are rising and inflation risks are falling, but the Fed has not moved much from its pandemic policy stance. The Fed chair did not dissuade the market from expecting a 0.5% rate increase. The Fed does not like to surprise markets, so the silence is significant.

Today a lawyer talks with another lawyer about the global economic outlook—ECB President Lagarde and Federal Reserve Chair Powell speak at an IMF event (at least the moderator, IMF Managing Director Georgieva, is an economist). As it is hard to argue that either Powell or Lagarde lead the academic discussions on policy in their institutions, investors should expect news commentary rather than detailed content.

Asian stocks look set to fall Thursday after a sharp reversal in U.S. shares on concerns about risks from the omicron strain and as Jerome Powell reiterated a pivot toward potentially tapering stimulus more quickly. Australian equities dropped and futures for Japan and Hong Kong pointed lower, while U.S. contracts edged up. The S&P 500 posted its worst two-day selloff since October 2020 after erasing a near-2% rally to slide into the close. The technology-heavy Nasdaq 100 underperformed. Markets were jolted by the first confirmed U.S. case of the new variant, whose emergence has brought fresh challenges for economic reopening. At the same time, Federal Reserve Chair Powell reiterated officials should consider a quicker reduction of monetary stimulus amid elevated inflation. The 30-year Treasury yield fell to its lowest level since January. Risk aversion bolstered the dollar. An index of Chinese shares traded in the U.S. slid as Beijing's plan to close a loophole tech firms use to list abroad hit sentiment. #PhillipCapital #ServingYousince1975 #YourPartnerinFinance #FinTech #PITCH

US President Biden renominated Federal Reserve Chair Powell, and nominated Fed Governor Brainard as a vice-Chair. A lot of virtual media ink is being wasted about what this signals for policy. It is hard to cast Fed Chair Powell in the same position as previous Fed leaders, economic policy leadership was more influenced by people like Brainard and Fed President Williams anyway.

US sharemarkets were mixed on Monday. Investors reacted positively to news that Federal Reserve Chair Powell had been nominated to serve a second term. Technology stocks fell, and banks rose, in response to higher  treasury yields. Reuters reported that shares in Apple rose 0.3% after JP Morgan flagged possible improvements to the supply of the iPhone 13 in coming months. At the close of trade the Dow Jones index was up by 17 points or 0.1%. The S&P 500 index fell by 0.3%. But the Nasdaq index lost 203 points or 1.3%. This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing.  We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness.  To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. 

October 4, 2021, Season 3 Episode 37"Enlightenment" - A Herold & Lantern Investments Podcast featuring Mr. Keith Lanton, President.In this episode, Keith brings us up to speed on the financial markets, employment trends, and inflation. Federal Reserve Chair Powell was in the Congressional hot seat recently; what might this tell us about his renomination? He opens up the podcast with a 1996 list; 10 Things You Did Not Learn In High School. Brad Harris concludes the podcast by talking about cycles in the municipal bond market. He reminds investors to stay focused on their strategy and their asset allocation.  We hope you enjoy the show and share it with colleagues and friends.Press interviews or market commentaries, please contact Keith or Sal Favarolo directly at 631-454-2000 to schedule a time.

On today's Macrocast, Bryan, John, and Brendan discuss a hectic week on the Hill, from the averted government shutdown to the urgency surrounding the debt ceiling, infrastructure vote, and reconciliation package. The trio also dug into whether Federal Reserve Chair Powell will be renominated by Biden and how several other Fed governor and regional president seats are likely to be filled in the coming months.

The Jackson Hole Symposium saw a dovish speech from Federal Reserve Chair Powell, which sets the markets up for a window of dollar depreciation for the week ahead. The main takeaway, however, is that tapering is likely to come later this year, potentially starting in November or December. Derek Halpenny, Head of Research for Global Markets EMEA and International Securities, outlines why the markets are keeping a close eye on upcoming data, such as the U.S. jobs report coming this Friday, and also gives his view as to why the taper plan could bear a striking resemblance to that of the 10-month program in 2014. Disclaimer: www.mufgresearch.com (PDF)

Change is coming to the National Labor Relations Board — how might that affect how it does its work? Plus, we consider Federal Reserve Chair Powell’s latest pronouncements on inflation and a new study that makes a compelling economic case for improved early childhood education.

Change is coming to the National Labor Relations Board — how might that affect how it does its work? Plus, we consider Federal Reserve Chair Powell’s latest pronouncements on inflation and a new study that makes a compelling economic case for improved early childhood education.

 Tony, John, and Brendan discuss the infrastructure deal and the two-step approach to an infrastructure package with the bipartisan agreement and reconciliation. The crew also talks through Federal Reserve Chair Powell's comments on inflation and the conversation on tapering between the doves and hawks of the FOMC. Plus, they break down the latest on fiscal policy across the pond in Europe and take a look ahead to next week's jobs report.  

Today US Treasury Secretary Yellen and Federal Reserve Chair Powell speak before a highly partisan Congress. Two people enter. Economic good sense leaves. Inflation and government spending have become highly politicized topics, so the questions are more likely to be about grandstanding than getting helpful answers.