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Apr 14, 2024
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it might be that jay powell thinks it's a danger to jay powell, because president trump told me in an interview in february that he would not reappoint jay powell. [laughter] >> that's right. but jay powell's there until 2026. at that point he's another one that's going to be 80 years old. at that point maybe it's time to step back anyway. to your point, yes, maybe he's also trying to protect himself for a potential third term at the fed. i'm not sure why he'd want to stay another term at the fed after, you know, what he's been through, but that's a whole other conversation. one way or the other, i do think that it's inpoint if -- inappropriate for the president to come out and say we're going to get in this rate cut. while it may be pushed off a month, i fully expect it to come. meanwhile, unless the data changes i don't see how the fed can convince everyone that it's necessary to cut rates and stimulate the economy when our economy is functioning on all 12 cylinders and is doing a very fine job are even with rates at 5.25%. which, by the way, you and i know are historically normal.
it might be that jay powell thinks it's a danger to jay powell, because president trump told me in an interview in february that he would not reappoint jay powell. [laughter] >> that's right. but jay powell's there until 2026. at that point he's another one that's going to be 80 years old. at that point maybe it's time to step back anyway. to your point, yes, maybe he's also trying to protect himself for a potential third term at the fed. i'm not sure why he'd want to stay another term at...
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maria: what is transitory when i asked about jay powell here is what he said. >> jay powell fed chairman is talking about a soft landing you do you believe we will see a soft landing. >> i think he is going to do something, to probably help the democrats, i think if he lowers interest rates but you have potential massive inflation again, because the middle east could drive up precise of energy he is not able to do anything but looks to me like trying to lower interest rates for the sake of maybe getting people elected i don't know. maria: you think political going to cut rates. >> i think he is political yeah. maria: would you reappoint jay powell? >> this no, i wouldn't do that. >> you wouldn't. >> no. maria: because? he missed inflation. >> he did miss but i wouldn't be -- >> that was february 4, joel, when president trump said inflation will reignite because of oil how this is playing out. adam: called it right then not many in february earning inflation would pick up. maria: president trump was. >> he called it right at that point, now i think you are seeing a lot more people on the
maria: what is transitory when i asked about jay powell here is what he said. >> jay powell fed chairman is talking about a soft landing you do you believe we will see a soft landing. >> i think he is going to do something, to probably help the democrats, i think if he lowers interest rates but you have potential massive inflation again, because the middle east could drive up precise of energy he is not able to do anything but looks to me like trying to lower interest rates for the...
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Apr 26, 2024
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did he speak with jay powell? is he messaging jay powell? why did he say that? >> if jay powell is taking directions from joe biden we're in a lot of trouble and the problem with inflation is not going to go away anytime soon. it will be with us in november and joe biden will pay for that. maria: yeah. brenda, have you changed the way you invest because inflation remains sticky, because its staying at elevated levels here and it's not -- nowhere near the fed's target of 2%? >> the last time we were talking before the march cpi i remember saying something to you specifically, that if we saw another high print after january, february, things would change and that's exactly what we've seen. we've seen the s&p off 5 and-a-half percent since the march highs. we have the 10 year at 4.7%. i do think the repricing of fixed income has happened. maybe we go up to 4.75 today. i don't think we'll see a pce number that we like but i do think that fundamentally we're going to see the 10 year fall to 3.8 by the end of the year. maria: seems unlikely to me too. brenda, great to
did he speak with jay powell? is he messaging jay powell? why did he say that? >> if jay powell is taking directions from joe biden we're in a lot of trouble and the problem with inflation is not going to go away anytime soon. it will be with us in november and joe biden will pay for that. maria: yeah. brenda, have you changed the way you invest because inflation remains sticky, because its staying at elevated levels here and it's not -- nowhere near the fed's target of 2%? >> the...
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Apr 17, 2024
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i think the market figured it as jay powell had said. it doesn't make sense the june cut given where inflation is right now. >> right now we see two sectors, utilities and also real estate. in your mind, what does that signal? it feels like days ago. i was a couple of weeks ago. everybody is talking about this broadening of the market and now we're seeing contraction. >> two sectors are real estate and utilities. you've got inflation, you've got a fed that can't be cutting interest rate sensitivity. that's not what you want on your equity exposure. you want companies participating the growth, and real estate and utilities don't do that. >> again, your w.e.x. word of the day is "premonetary," waiting for something bad to happen. you seem to be a boxing fan. you gave us notes, an old mike tyson quote. everybody is surprised until they get punched in the mouth. it had to be a bit of a surprise. what do you advise clients to do? >> i think you've got to have a plan to stuck to when you do get that pup. in the mouth. that's when it's difficul
i think the market figured it as jay powell had said. it doesn't make sense the june cut given where inflation is right now. >> right now we see two sectors, utilities and also real estate. in your mind, what does that signal? it feels like days ago. i was a couple of weeks ago. everybody is talking about this broadening of the market and now we're seeing contraction. >> two sectors are real estate and utilities. you've got inflation, you've got a fed that can't be cutting interest...
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Apr 10, 2024
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maria: president trump on jay powell. >> jay powell the fed chairman talking about a soft landing do you believe we will see a soft landing. >> well, i think he is going to do something, to probably help democrats, yeah. i think if he lowers interest rates. but you have the potential of having massive inflation again, because the middle east could drive up the price of energy he is not able to do anything, but looks to me like trying to lower interest rates for the sake of maybe -- getting people elected i don't know. maria: you think he is political going to cut rates -- >> i do i think he is political yeah. maria: would you reappoint jay powell? >> no, i wouldn't do that. >> because? >> he missed inflation. >> did miss he did miss no, i wouldn't be -- >> barry knapp your take on backdrop here, what jay powell needs to do. you know, we saw that jobs number the other day that everybody was celebrating 300 jobs created in march then started really zeroing in realized much job creation was part time, a lot of jobs given to foreign born not american citizens, so can we look at the jobs
maria: president trump on jay powell. >> jay powell the fed chairman talking about a soft landing do you believe we will see a soft landing. >> well, i think he is going to do something, to probably help democrats, yeah. i think if he lowers interest rates. but you have the potential of having massive inflation again, because the middle east could drive up the price of energy he is not able to do anything, but looks to me like trying to lower interest rates for the sake of maybe --...
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Apr 4, 2024
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let's get back to the fed chair jay powell. yesterday signaling that policymakers will need clearer information of lower inflation before cutting interest rates. but he says the bump in prices recently hasn't altered the feds broader trajectory. >> let's bring in mark cranfield from bloomberg's mliv team now. mark, we saw treasury yields going through a bit of a round-trip yesterday. the hawkish comments from bostic sent yields higher. then you had powell a little dovish, sending front end yields lower, you also had the economic data feeding into the story. what market reaction could we see from the jobs data we have yet to come? >> if there is any big changes, we will see it in the foreign-exchange world. we are in a pretty interesting situation for the u.s. dollar. positioning-wise, traders are pretty long u.s. dollars, they have been for a few weeks, which is not surprising. we had a strong set of u.s. data. we have also had a fairly hawkish speakers from the federal reserve pushing back against early rate cuts. the jobs dat
let's get back to the fed chair jay powell. yesterday signaling that policymakers will need clearer information of lower inflation before cutting interest rates. but he says the bump in prices recently hasn't altered the feds broader trajectory. >> let's bring in mark cranfield from bloomberg's mliv team now. mark, we saw treasury yields going through a bit of a round-trip yesterday. the hawkish comments from bostic sent yields higher. then you had powell a little dovish, sending front...
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Apr 17, 2024
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jay powell's thrown in the towel. there will not be any rate cuts this year because inflation is actually getting worse this year than it did last year. you talked about the border problem and law and order and the crime associated with it as mr. trump has. i got another one for you. joe biden on tax day, which was monday, as you know, joe biden decided that raising taxes is a much better economic growth and opportunity approach than cutting taxes. and says the trump tax cuts just benefited a few wealthy people. i thought it benefited almost every nook and cranny of the economy. now can the house do anything, you know, the kudlow catechism, the laffer catechism on supply-side tax cuts at least stir the pot, at least tickle just a little bit? i always thought lower taxes was a better idea than higher taxes, mr. speaker? >> yeah. you're trying to apply way too much common sense for washington. you know, larry, in the house republicans we have the smallest majority in u.s. history. one vote margin. we're using that becau
jay powell's thrown in the towel. there will not be any rate cuts this year because inflation is actually getting worse this year than it did last year. you talked about the border problem and law and order and the crime associated with it as mr. trump has. i got another one for you. joe biden on tax day, which was monday, as you know, joe biden decided that raising taxes is a much better economic growth and opportunity approach than cutting taxes. and says the trump tax cuts just benefited a...
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Apr 16, 2024
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it was the story of jay powell. we have spoken about the last mile of disinflation, whether it will take longer for the final stretch to get price pressures down to the target for the fed. not enough progress has been made. that is reflected through bond yields. we see them at year to date highs across the curve. the focus is on powell, speaking at a panel discussion alongside the bank of canada governor in washington. here is what he is saying about how much more patience is needed. >> we have said we will need greater confidence inflation is moving sustainably toward 2% before it would be appropriate to ease policy. we took that cautious approach and sought greater confidence to not overreact to the low inflation in the second half of last year. annabelle: for more, let's bring in sylvia jablonski, ceo / cio / co-founder, defiance etfs. sylvia: perhaps a little change of tune in the messaging from powell, but does it come as any surprise to you? i don't think his message is super different. the numbers came in une
it was the story of jay powell. we have spoken about the last mile of disinflation, whether it will take longer for the final stretch to get price pressures down to the target for the fed. not enough progress has been made. that is reflected through bond yields. we see them at year to date highs across the curve. the focus is on powell, speaking at a panel discussion alongside the bank of canada governor in washington. here is what he is saying about how much more patience is needed. >>...
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Apr 3, 2024
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at 5:10 p.m., we will hear from fed chair jay powell. coming up, president biden says israel is not doing enough to protect civilians in gaza after seven aid workers were killed in israeli airstrikes. more on that, next. this is bloomberg. ♪ lizzy: welcome back to "bloomberg daybreak: europe." we will get the latest on the geopolitical situation in the middle east. the human toll is the focus, the death of aid workers in gaza. has to be said the geopolitical risk is feeding into the oil price. we have seen immense action in the oil space. wti crude hitting $85 a barrel for the first time since october. currently trading at $85.18. brent at $89 a barrel as well. questions are flying as to whether this is because of geopolitical risk and china optimism, or whether it might be about falling inventories. i got a note yesterday from sab's commodities team pointing out not a single drop of oil has been lost to recent events in the middle east, except for some rerouting around africa. what you have is a tight market and a steadfast opec-plus.
at 5:10 p.m., we will hear from fed chair jay powell. coming up, president biden says israel is not doing enough to protect civilians in gaza after seven aid workers were killed in israeli airstrikes. more on that, next. this is bloomberg. ♪ lizzy: welcome back to "bloomberg daybreak: europe." we will get the latest on the geopolitical situation in the middle east. the human toll is the focus, the death of aid workers in gaza. has to be said the geopolitical risk is feeding into the...
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Apr 25, 2024
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>> you know, it is jay powell who has preempted what is coming he set the stage for higher for longer the fed funds futures have adjusted what has not adjusted is the broad multiple across the stock market and that is why you are seeing quite a bit of blood in the streets at moment. >> gina, thank you colorful language. blood that streets a lot of people are scratching their heads. gina, thank you. for more on what is driving the markets and trading day ahead, head to cnbc pro at cnbc.com/pro >>> coming up on "worldwide exchange," throw out the $50,000 price tags because at the beijing auto show, we very broad appeal that's where we find our eunice yoon >> reporter: thank you, frank. elon musk elonhoped to revisit e idea of the affordable ev. he is not the only one more in a few minutes. with gold and copper prices pushing towards all-time highs, u.s. gold corp is advancing its environmentally friendly gold and copper mining project and creating american jobs in mining friendly wyoming. with a proven management team and board, a tight share structure, and a solid cash balance, u.s. go
>> you know, it is jay powell who has preempted what is coming he set the stage for higher for longer the fed funds futures have adjusted what has not adjusted is the broad multiple across the stock market and that is why you are seeing quite a bit of blood in the streets at moment. >> gina, thank you colorful language. blood that streets a lot of people are scratching their heads. gina, thank you. for more on what is driving the markets and trading day ahead, head to cnbc pro at...
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Apr 29, 2024
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it's the korean won which has been sensitive to the actions of jay powell. were getting commentary from the likes of ocbc, jeffrey saying upside in dollar trade, count down to around 1335 per dollar by december. better demand, that is improving and also they start of the easing cycle adding to appeal. for equity markets it will be trade or read through from big tech earnings. we had microsoft, alphabet really impressing because the takeaway was they are spending on ai and cloud, that's paying off. best week for u.s. stocks in 2024. still farmer. haidi: of course potential expectation of a hawkish pivot and how that plays into asian central banks and economies. in the last leg of the cycle, the open, a couple of minutes into cash trading coming online in a staggered open. upside when it comes to sydney stocks. watching treasuries as well, expecting dollar and yields to get a lift higher. ozzie bonds following that trajectory. dollar is holding. against the backdrop of dollar strength, most other asian currencies, brent crude is holding the decline, u.s. stepp
it's the korean won which has been sensitive to the actions of jay powell. were getting commentary from the likes of ocbc, jeffrey saying upside in dollar trade, count down to around 1335 per dollar by december. better demand, that is improving and also they start of the easing cycle adding to appeal. for equity markets it will be trade or read through from big tech earnings. we had microsoft, alphabet really impressing because the takeaway was they are spending on ai and cloud, that's paying...
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Apr 30, 2024
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investors are anticipateing jay powell's remarks on inflation and the economy to set the tone for rate cuts down the line. more earnings on the way this morning as well. dow components coca-cola, 3m and mcdonald's out ahead of amazon after the close tonight, apple is out on thu thursday. everything you need to know coming up. european markets are mixed. we have gains in london with the ft 100 up 32, cac quarante and dax negative. in asia markets finished mostly higher. bbest performer was japan,one d. president trump's trial continues this morning. he is planning on campaign events in wisconsin and michigan as the white house tries to play down trump beating biden or neck in neck some states. joining us this morning, mark tepper, joe pinion and fox business' cheryl casone. "mornings with maria" is live right now. ♪ out of my dreams. ♪ get into my car. ♪ get out of my dreams. ♪ get in the back seat, baby. ♪ get into my car. maria: and it is time for the hot topic of the hour. a new harvard poll finds former president trump is the frontrunner in a race between president biden a
investors are anticipateing jay powell's remarks on inflation and the economy to set the tone for rate cuts down the line. more earnings on the way this morning as well. dow components coca-cola, 3m and mcdonald's out ahead of amazon after the close tonight, apple is out on thu thursday. everything you need to know coming up. european markets are mixed. we have gains in london with the ft 100 up 32, cac quarante and dax negative. in asia markets finished mostly higher. bbest performer was...
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Apr 29, 2024
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jay powell wants to keep his job. i'll say it. as blatant as can be. what he is probably waiting for, as we get closer to elections -- charles: wouldn't it be transparent with inflation going in the wrong direction? i, to your point, couple of fomc meetings ago he talked about a surprise jobs report, he mentioned it a couple times. i think he was looking for that to be his cue. 4.1%, that would be his excuse. if he does this without any sort of real trigger, golly. >> i think we will see a trigger because the market, charles, it really has climbed too far too fast and money is expensive now and you and i know what happens when money gets expensive and those credit card bills are piling up and people start having to sell down on their stocks and, so much of the market has been propped up by the vcs and by new companies and once they start going under, they were, jerome powell will have his excuse. he doesn't have to worry about inflation, even though inflation is real and inflation continues to plague us. charles: he said on many occasions listen, we do
jay powell wants to keep his job. i'll say it. as blatant as can be. what he is probably waiting for, as we get closer to elections -- charles: wouldn't it be transparent with inflation going in the wrong direction? i, to your point, couple of fomc meetings ago he talked about a surprise jobs report, he mentioned it a couple times. i think he was looking for that to be his cue. 4.1%, that would be his excuse. if he does this without any sort of real trigger, golly. >> i think we will see...
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Apr 11, 2024
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powell? anybody else, if trump said that, he would be attacked for trying to sway fed in a certain way, i spoke with james grant yesterday jim grant basically said sure fed is political they are going to do what democrats want. >> i believe the fed itself regardless of potential second term for donald trump is a clear and present danger to our country. >> is politically very much aligned with democratic party i think the fed would you tell us even perhaps revising it is doing something, in the way of a political move would be inclined to read the numbers, and in an interest rate reduction positive way in back of mind threat of another trump presidency. >> there you go, larry do you think the fed gets political cuts rates this year before the election? >> well, most likely, um, think about the bank system, so something very unusual happened yesterday. exxonmobil history all-time high on the same day the bank index is 33% drawdown. i mean, you've got to go back historically that is a very i mea
powell? anybody else, if trump said that, he would be attacked for trying to sway fed in a certain way, i spoke with james grant yesterday jim grant basically said sure fed is political they are going to do what democrats want. >> i believe the fed itself regardless of potential second term for donald trump is a clear and present danger to our country. >> is politically very much aligned with democratic party i think the fed would you tell us even perhaps revising it is doing...
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Apr 17, 2024
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jonathan: the quote for me yesterday did not come from jay powell. it came from the vice chair, philip jefferson. i will share it with you now, the base outlook is that inflation will decline further with the policy rate hub steady at its current level. at the current level. our old friend pk would say extending the x-axis. on time and taking longer. lisa: and what you have now in markets, it's time. remember yesterday, what if the fed chair came out and said he was hopeful and not confident? that's the subtext, they are hopeful and not confident, the reason they are holding it higher for longer and right now the market is trying to come to terms with that. annmarie: i got that sense as well, that we are expecting the confidence to come with more data. john, you mentioned the timeline, that makes me think this is political. if they need more time, there's only a certain number of meetings and data points left before it becomes unfathomable. jonathan: let's talk about the politics. joe biden calling for higher tariffs on chinese steel. this from lael
jonathan: the quote for me yesterday did not come from jay powell. it came from the vice chair, philip jefferson. i will share it with you now, the base outlook is that inflation will decline further with the policy rate hub steady at its current level. at the current level. our old friend pk would say extending the x-axis. on time and taking longer. lisa: and what you have now in markets, it's time. remember yesterday, what if the fed chair came out and said he was hopeful and not confident?...
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jay powell signaled the base case remains, three rate cuts are coming, beginning in june. watch this. >> these recent data do not, however, materially change the overall picture which continues to be one of solid growth, a strong but rebalancing labor market and inflation moving down toward 2% on a sometimes bump hey path. it's too soon to say whether the recent readings represent more than just a bump. we do not expect it will be appropriate to lower our policy rate until we have greater confidence that inflation is moving sustainably down toward 2%. my colleagues and i continue to believe that the policy rate is likely at its peak for this tightening cycle. if t the economy evolves broadl, most see it likely as appropriate to begin lower the policy rate some point this year. maria: joining me is chief investment officer chris zakarelli. what did you take away from powell's comments yesterday? >> i think powell's comments were really interesting. we've had some higher than expected inflation day data so r this year, to call into question whether or not we get the rate cut
jay powell signaled the base case remains, three rate cuts are coming, beginning in june. watch this. >> these recent data do not, however, materially change the overall picture which continues to be one of solid growth, a strong but rebalancing labor market and inflation moving down toward 2% on a sometimes bump hey path. it's too soon to say whether the recent readings represent more than just a bump. we do not expect it will be appropriate to lower our policy rate until we have greater...
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Apr 3, 2024
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jay powell's q&a following his remarks. we'll get to that in a moment they have aussie $a bit of a bep fishery from rare u.s. dollar weakness, 65.66 at the moment. let's take a look at how we're doing for japan. futures right now a little bit negative territory. not really by much. the yen didn't weak p much as a result of dollar strength. that's still hovering around the 151-152 level. a little weakness in new zealand in the early going. crude prices in focus. we did have -- crude prices rising at the moment. opec didn't make any change to output curves, that was very much as expected. of course middle east tension and ukraine attacks all keeping those oil prices. haidi: let's look at u.s. futures at the moment we had the reaction to what we heard from fed chair powell. futures looking optimistic, in positive territory at the moment when it comes to small growth related names on the nasdaq 100 in futures trading. it was a volatile last hour of trading on wall street. eventually regaining their footing to go higher. paul me
jay powell's q&a following his remarks. we'll get to that in a moment they have aussie $a bit of a bep fishery from rare u.s. dollar weakness, 65.66 at the moment. let's take a look at how we're doing for japan. futures right now a little bit negative territory. not really by much. the yen didn't weak p much as a result of dollar strength. that's still hovering around the 151-152 level. a little weakness in new zealand in the early going. crude prices in focus. we did have -- crude prices...
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so see you've got two catalysts, jay powell speaking today. we'll see what he says. we've got the next cpi number out next wednesday on the tenth. what are your expectations for the two catalysts, what do we hear today from powell? let's start there. >> i think powell is going to say the same as what he's been saying. to me, he's very transparent. i like listening to what he has to say. i think he'll talk about being data dependent but inflation is going in the right direction and so i wouldn't be too surprised even though the futures market has come down on a chance for a cut that we do get one in june. the best case scenario is that we get inflation data prior to that to allow the fed to cut. not that i don't think the econn sustain the rates for longer but i think companies can plan to be more aggressive in the second half of the year if that's the case which will spur on investment and spur on the economy here in the united states. we've got a recovery in china that's helping out a bit. i know you're talking about that a lot. but we've got from an economic standp
so see you've got two catalysts, jay powell speaking today. we'll see what he says. we've got the next cpi number out next wednesday on the tenth. what are your expectations for the two catalysts, what do we hear today from powell? let's start there. >> i think powell is going to say the same as what he's been saying. to me, he's very transparent. i like listening to what he has to say. i think he'll talk about being data dependent but inflation is going in the right direction and so i...
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Apr 4, 2024
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jon: fed chair jay powell signaling patients as the central bank awaits more data. jobless claims setting the stage for tomorrow's main event, the payroll event. "the jobs report will hold the most sway, particularly as the labor market looks to be gaining momentum once again." another solid pace of hiring looking to rise payrolls. the bloomberg survey calling for slightly lower print of 213. we are going to now for more. jennifer, that's get into the labor market data on friday. are you expecting that come with hotter inflation, hotter wage growth? jennifer: thank you for having me on. that will probably be the most critical piece of data we will be looking for in that report the average hourly wages. especially last friday with the wages and salaries, the personal spending report that was up .8% which was a shocker to yours truly. we will see how that pans out with the earnings numbers and the jobs report. obviously, if looking for something with a bit of a hotter number, that is going to put more fed dovish into play. lisa: do you put more weight on the 10% figur
jon: fed chair jay powell signaling patients as the central bank awaits more data. jobless claims setting the stage for tomorrow's main event, the payroll event. "the jobs report will hold the most sway, particularly as the labor market looks to be gaining momentum once again." another solid pace of hiring looking to rise payrolls. the bloomberg survey calling for slightly lower print of 213. we are going to now for more. jennifer, that's get into the labor market data on friday. are...
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Apr 30, 2024
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we'll hear from jay powell tomorrow. investors anticipating the the decision tomorrow setting the taupe for potential rate cuts down the line but when and if, we're not sure. joining me now is piper sandler's chief global economist, nancy lazar. nancy, great to see you. >> good morning. maria: by the way, nick timiraos is out with a piece this morn if or,s -- morning, and the title is the fed will signal it has the stomach to keep rates high for longer. your expectations from the federal reserve in this 2-day meeting, today and and tomorrow? >> i'm very glad to hear him say that. this is not a time to be cutting interest rates. i have also indicated financial conditions right now too easy suggesting, if anything, the rate structure could be too low. and so the question is why, and that's because as we've called it, legacy liquidity is still in the hands of the private sector. that is the lag effects of the massive monetary stimulus and the still ongoing, huge budget deficit is supporting corporate revenue which is keepin
we'll hear from jay powell tomorrow. investors anticipating the the decision tomorrow setting the taupe for potential rate cuts down the line but when and if, we're not sure. joining me now is piper sandler's chief global economist, nancy lazar. nancy, great to see you. >> good morning. maria: by the way, nick timiraos is out with a piece this morn if or,s -- morning, and the title is the fed will signal it has the stomach to keep rates high for longer. your expectations from the federal...
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Apr 17, 2024
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jay powell signaling rates will be higher for longer if inflation persists. here he is. watch. >> we said that we'll need greater confidence that inflation is moving sustainably toward 2% before the appropriate to ease policy. the recent data have not given us greater confidence and instead indicate that it's likely to take longer than expected to achieve that confidence. that said, we think policy is well positioned to handle the risks that we face, if be the higher inflation does persist we can maintain the current level of restriction for as long as needed. maria: your reaction, ryan? >> be the it's not broke, don't fix it. i think that's what you're seeing right now. look, we've had -- blew my mind but we saw the gdp number come in for the quarter, the atlanta fed at 2.8% for the first quarter, that's phenomenal gdp growth, better than last decade, that's for sure. we saw retail sales number on monday was better than expected. people are spending money. employment markets is hot. the other wild card is oil prices are up 20% this year, i think that's problematic. i th
jay powell signaling rates will be higher for longer if inflation persists. here he is. watch. >> we said that we'll need greater confidence that inflation is moving sustainably toward 2% before the appropriate to ease policy. the recent data have not given us greater confidence and instead indicate that it's likely to take longer than expected to achieve that confidence. that said, we think policy is well positioned to handle the risks that we face, if be the higher inflation does...
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Apr 11, 2024
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did he speak to jay powell? >> i think this issue will continue to haunt him, inflation as well as every single major issue that faces american people, whether it's gas prices, whether it's insurance. they know they're not better off than they were three and-a-half years ago. so the fact that keeps talking and running on bidenomics for republicans i'm like keep saying that because everyone's go goino hang it around your neck. maria: if trump was saying we're going to have a rate cut and it's going to be a month delayed. the mainstream would be all over him. how does know specifics about a rate cut. you're not supposed to be colluding with the federal reserve. there's many people who think the fed will be political and cut rates to help joe biden. >> i don't know why we're talking about rate cuts. if the economy is as strong as this biden administration wants everyone to believe, if inflation is re accelerating, there's no need for a rate cut. the only need for a rate cut at that point in time would be for purely
did he speak to jay powell? >> i think this issue will continue to haunt him, inflation as well as every single major issue that faces american people, whether it's gas prices, whether it's insurance. they know they're not better off than they were three and-a-half years ago. so the fact that keeps talking and running on bidenomics for republicans i'm like keep saying that because everyone's go goino hang it around your neck. maria: if trump was saying we're going to have a rate cut and...
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Apr 17, 2024
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maria: i noticed jay powell says overtime, overtime, will get to the target overtime. he is signaling it almost feels like he is recognizing he's not going to get to 2% anytime soon on inflation, what are your thoughts on the feds moves. >> yesterday was a step in the wrong direction in terms of the feds policy. it looks as if the fed is starting to guide for hire for longer but the reality and the perspective of asset leases kowtowing to physical dominance this is a fed that is going to accept implicitly is accepting much higher than 2% inflation that's likely to do that for quite a while. maria: what will that mean for rates is there a chance that he hikes rates were three rate cuts off the table in your view. >> would you look at 100 years of data whatever the monetary authority of physical dominance that the structurally bullish dynamic for at-risk assets stock, credit and parish dynamic for the bond market. i think that's exactly what we saw this far throughout 2024. maria: kowtowing toward fiscal policy accepted the fact that this buddy discontinuing it inflation
maria: i noticed jay powell says overtime, overtime, will get to the target overtime. he is signaling it almost feels like he is recognizing he's not going to get to 2% anytime soon on inflation, what are your thoughts on the feds moves. >> yesterday was a step in the wrong direction in terms of the feds policy. it looks as if the fed is starting to guide for hire for longer but the reality and the perspective of asset leases kowtowing to physical dominance this is a fed that is going to...
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Apr 25, 2024
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powell, talk jay powell, force him into rate cuts. you know we know that's a scary path but president biden mentioned cuts more often, i was kind of surprised how much he has mentioned cuts recently? >> well he did mention it in a speech. i thought well that its just going to be such good news to the fed that they won't have to raise and they're going to probably end up lowering. we've seen the fed restating, no, no, we're very, we're very resistent to that and that doesn't play any role in our thinking, but i can't believe the fed isn't sensitive to the possibility if they cut-rates it will be seen as political. because now they have, well it is always been the dual mandate but now you have dueling mandates because now the fed, that was looking to cut might be able to say, well, it's not that inflation has come down the way we like but look, if the economy is going off the cliff, then that would be a reason to support the economy to cut. charles: right. >> but i would be very reluctant to do that, unless they see, maybe the second qu
powell, talk jay powell, force him into rate cuts. you know we know that's a scary path but president biden mentioned cuts more often, i was kind of surprised how much he has mentioned cuts recently? >> well he did mention it in a speech. i thought well that its just going to be such good news to the fed that they won't have to raise and they're going to probably end up lowering. we've seen the fed restating, no, no, we're very, we're very resistent to that and that doesn't play any role...
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Apr 3, 2024
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i would love to hear that from jay powell. jonathan: are you willing to trade financial stability for price stability? is that the question? lisa: that could be one of them. are you willing to trade blowing out pockets of the population and reducing their chances for employment and wealth and prosperity in order to target a certain inflation target? i don't know the answer but this is a socially conscious issue and that is weighing on them at a time when it seems like things are being pretty positive and we seem to be talking leaving the rates where they are. jonathan: equity futures are negative by 0.25% on the s&p 500. here is your bloomberg brief. >> inflation in europe is inching toward 2%, firming up prospects of a june rate cut at the ecb. consumer prices rising 2.4% in march, lower rate than analysts forecast and down from 2.6% in february. cpi also eased at a faster rate than expected. the ecb president christine lagarde has signaled a first rate cut in june with much of the central bank's governing council on board wi
i would love to hear that from jay powell. jonathan: are you willing to trade financial stability for price stability? is that the question? lisa: that could be one of them. are you willing to trade blowing out pockets of the population and reducing their chances for employment and wealth and prosperity in order to target a certain inflation target? i don't know the answer but this is a socially conscious issue and that is weighing on them at a time when it seems like things are being pretty...
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>> jay powell was asked this question on friday and the markets were closed. are you too transparent? and he said i don't think so. they like coming out and doing all these talks but i think you're right, sometimes it can be confusing. i will say what is good about this fed speak the markets came into this year asking, begging for six rate cuts and at least now finally they're looking at 2 1/2 rate cuts. so they're getting more in line with what the -- larry: i never seen half a rate cut. what is half a rate cut? you have to help me on that. kevin cramer you may not know what half a rate cut is, you know something about oil coming up from north dakota. >> i do. larry: we're seeing a pretty big rally, the best since december i think, even further back, october. west texas, yes. brent crude, yes. what do you make of that? what's going on here? >> well, what's happening, really, it gets to the point of what's making this inflation so sticky. energy prices, high energy prices will add to the inflation of everything we grow, produce, manufacture, move from one plac
>> jay powell was asked this question on friday and the markets were closed. are you too transparent? and he said i don't think so. they like coming out and doing all these talks but i think you're right, sometimes it can be confusing. i will say what is good about this fed speak the markets came into this year asking, begging for six rate cuts and at least now finally they're looking at 2 1/2 rate cuts. so they're getting more in line with what the -- larry: i never seen half a rate cut....
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Apr 12, 2024
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we heard from jay powell, basically two and then one and some are saying none. markets don't like uncertainty and that is what we are seeing in the indices. it is their it is there reflection of uncertainty. neil: leave it to a thin guy to make diet analogies but i will let them go. let me get your take on what he is saying and what austen goolsbee is saying good, the latest economic numbers and instability around the globe and the run up in oil prices put them on pause. >> peter nailed one thing correctly, there were 25 >>s by central bakers all contradicting each other. my biggest worry is they think they are the economy, the central bankers, that they can move 1/4 point and affect inflation. the economy is $25 trillion, 150 million of us go to work trying to do better for our sons and our families. that drives the bus and i think they think too much and one thing that has not been mentioned and i think this is huge and that is the size of government in the sevens in 5 years and all of it is debt. that is inflationary and if that isn't worrisome, worrisome for
we heard from jay powell, basically two and then one and some are saying none. markets don't like uncertainty and that is what we are seeing in the indices. it is their it is there reflection of uncertainty. neil: leave it to a thin guy to make diet analogies but i will let them go. let me get your take on what he is saying and what austen goolsbee is saying good, the latest economic numbers and instability around the globe and the run up in oil prices put them on pause. >> peter nailed...
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Apr 30, 2024
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jay powell tried to be as boring as possible tomorrow. jonathan: that's the promo for our special fed covers tomorrow afternoon. euro-dollar and dollar-yen, the euro at the moment is about unchanged at $1.07 and the data out of europe is better. they are doing better than expected in the euro is still in and around 107 -- $1.07. if i told you one dollar 57 cents a week ago, you might say it problematic. it's still a problem for the boj. how much of a problem it is i don't know. the ministry of finance has been very vocal about this and the boj's been very quiet and it seemed to be satisfied based on its communication with where policy is and where markets are. lisa: this is the reason why the market is not really believing they will intervene with any kind of conviction. that's the reason why people are willing to fight the foreign minister in the ministry of foreign exchange in japan because they haven't a strong connection and we haven't seen that from the bank of japan. is it a victory for the yen to trade around $1.55 versus the $1.70
jay powell tried to be as boring as possible tomorrow. jonathan: that's the promo for our special fed covers tomorrow afternoon. euro-dollar and dollar-yen, the euro at the moment is about unchanged at $1.07 and the data out of europe is better. they are doing better than expected in the euro is still in and around 107 -- $1.07. if i told you one dollar 57 cents a week ago, you might say it problematic. it's still a problem for the boj. how much of a problem it is i don't know. the ministry of...
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big news, jay powell will speak at noon today. do you expect him to say something that reverses the inflation fear the stripping markets? >> both fed president yesterday talking about financially seeing rate hikes this year because we've seen harder than expected inflation, oil prices $85 a barrel, a big number but what bloom my mind is looking at for gdp growth it is up to 2. 8%. that's pretty awesome growth for the first quarter of the year revised up to 3.4% from last quarter, fourth 1:45,023 so i think to see the fed talk a little more hawkish and less dovish because my concern is with harder than expected economy which we do it the most dangerous thing the fed can do is start cutting rates too early which is like adding gasoline to an economy that's rocking and rolling, why screw it up. maria: we've got the catalyst of powell but next wednesday another cpi in the last cpi was harder than expected, we got these outside events happening in terms of oil like the bridge collapsed in baltimore, the hostilities in the red sea. oil
big news, jay powell will speak at noon today. do you expect him to say something that reverses the inflation fear the stripping markets? >> both fed president yesterday talking about financially seeing rate hikes this year because we've seen harder than expected inflation, oil prices $85 a barrel, a big number but what bloom my mind is looking at for gdp growth it is up to 2. 8%. that's pretty awesome growth for the first quarter of the year revised up to 3.4% from last quarter, fourth...
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jay powell signaled the base case remains 3 rate cuts are coming beginning in june. listen to this. >> reporter: these recent data, and strong but rebounding, inflation moving down 2%. maria: harder than expected numbers. >> i'm not surprised. palace turning everything back to normal. we've had conflicting data and service numbers are down, and investors react what they are expecting. that's driving movement in the market. that is why think between a great first quarter and expectations that powell was not going to lower rates was what happened with the markets this week. maria: what do you think in terms of the second court. will we see momentum continue you think? >> second quarter, we have a great second half in terms of growth of the economy. it is difficult to keep up the pace this first quarter and there are opportunities in the market and ways to position your portfolio in order to take advantage of where we are. i would say things like unicycle bonds. i'm not sure about anyone else but i can't see taxes going down. i can see taxes going up at some point in th
jay powell signaled the base case remains 3 rate cuts are coming beginning in june. listen to this. >> reporter: these recent data, and strong but rebounding, inflation moving down 2%. maria: harder than expected numbers. >> i'm not surprised. palace turning everything back to normal. we've had conflicting data and service numbers are down, and investors react what they are expecting. that's driving movement in the market. that is why think between a great first quarter and...
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Apr 17, 2024
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after jay powell signaled rates will be higher for longer completion process. watch. >> we have said that the fomc we will need greater confidence that inflation is moving sustainably toward 2% before the appropriate to ease policy. the recent data has clearly not given us greater confidence and instead indicates likely to take longer than expected to achieve the confidence. that said we think policy is well-positioned to handle the risks that we face a fire inflation does persist we can maintain the current level of restriction for as long as needed. maria: joining me now market rebellion cofounder pete najarian, great to see you thank you so much for being here, your reaction to powell and what you're expecting for rates this year. >> is very interesting. the beginning of the year you go back to january and people talk about five cuts, six cats and some as high as seven cuts. the reality that inflation is much stickier than everybody was projecting including the fed it is an interesting process that they have to go through right now because now are starting t
after jay powell signaled rates will be higher for longer completion process. watch. >> we have said that the fomc we will need greater confidence that inflation is moving sustainably toward 2% before the appropriate to ease policy. the recent data has clearly not given us greater confidence and instead indicates likely to take longer than expected to achieve the confidence. that said we think policy is well-positioned to handle the risks that we face a fire inflation does persist we can...
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Apr 18, 2024
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signaled rates would be higher loaning if inflation persists every time jay powell speaks he says "overtime" will get there overtime, giving himself room there. >> without a doubt with inflation accelerating over the course last few months to point 0.4% month-over-month data now consistently, i don't see any cuts this year in fact i do think they are going to talk about a hike i don't know will hike but i think it is at least going to be a discussion, within the fed. but market obviously, over this quarter so far only about three weeks in has not liked the fact rate cuts pushed back market down 4%. >>. maria: down 5% second quarter a rough week for second quarter after very strong first quarter. mark: like nvidia sold of this week, some of the invincible toxin last year through first quarter showing that they are mortal can be taken down obviously, nvidia way up over the course last few years look. this is spooking investors to be expected you would expect a drawdown to the tune of 14, 15, 16% election year really saw nothing the first quarter maybe the beginning of it. maria: i am wonderin
signaled rates would be higher loaning if inflation persists every time jay powell speaks he says "overtime" will get there overtime, giving himself room there. >> without a doubt with inflation accelerating over the course last few months to point 0.4% month-over-month data now consistently, i don't see any cuts this year in fact i do think they are going to talk about a hike i don't know will hike but i think it is at least going to be a discussion, within the fed. but market...
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Apr 17, 2024
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has jay powell, you think, consulted with him on this? >> highly unlikely. >>> meantime speaker mike johnson's former aid plan encountered resistance. the house caucus said they would not support it without offsets and concessions on geo security. if have voted to oust the speaker after mike gallagher steps down from the house on friday. it will take only two if all democrats vote against him. we'll bring you more on this story from washington later on in the show. >>> federal boeing engineer turned whistle-blower will testify before a congressional committee on the safety of the 787 dreamliner. he spoke to tom cause still le o in an exclusive interview. >> should boeing ground the 787 to check the gap sizes? >> i would say they need to. >> the entire fleet worldwide. >> the entire fleet worldwide needs attention. the attention needed is to check your gaps and make sure you don't have potential for premature failing. >> boeing told c kr newsu -- c news they're quite confident. they say the claims about the 787 are inaccurate. >>> meantime
has jay powell, you think, consulted with him on this? >> highly unlikely. >>> meantime speaker mike johnson's former aid plan encountered resistance. the house caucus said they would not support it without offsets and concessions on geo security. if have voted to oust the speaker after mike gallagher steps down from the house on friday. it will take only two if all democrats vote against him. we'll bring you more on this story from washington later on in the show. >>>...
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Apr 26, 2024
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now, he picked more of establishment figures like randy corals and jay powell. this time, if you look who he was nominated end of his first term you had different, more choices like judy shelton, herman cain. this time around he won't have vak al vacancies unless they leave. seats filled nobody steps down it's a year before he gets one vacancy. >> you talked to someone, you're right, i don't know who's in charge he's got other things going on that probably not as cohesive a campaign when you're, you know, due somewhere else every single day. to your point. be very clear if it doesn't come directly from the strategy and say don't take it seriously. they said that, didn't they? >> they absolutely did say that, but donald trump is talking to people right now about the fed he's interested in different views. he's thinking about this he cares about the fed a lot he thinks a lot about interest rates and knows what 25 basis point increases interest rates will do. the second part i was going to make is -- >> and go along with it. you quote people in the article. two or
now, he picked more of establishment figures like randy corals and jay powell. this time, if you look who he was nominated end of his first term you had different, more choices like judy shelton, herman cain. this time around he won't have vak al vacancies unless they leave. seats filled nobody steps down it's a year before he gets one vacancy. >> you talked to someone, you're right, i don't know who's in charge he's got other things going on that probably not as cohesive a campaign when...
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Apr 4, 2024
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here are the top stories, asian stocks ride -- rise with fed chair jay powell reaffirming his view that rate cuts are still likely this year despite strength in the u.s. economy. oil extends its rally with opec-plus, also ahead, we're live to taipei for an update on earthquake recovery efforts as crucial chipmakers resume production. and we have some great guests weighing in this hour and the outlook for india's active markets. asia tracking gains in the u.s., traders taking some comfort from jay powell saying that perhaps those direct cuts are coming this year. he also said that recent inflation data has not distorted the picture. all eyes on the jobs data coming out of the u.s., for greater clarity, s&p futures also heading up by .2%. we are keeping an eye on the dollar, weakening on the back of what powell said. then he kate leading the pack higher for investors who have been eager to buy japanese stocks. boosting profits for the likes of toyota and high taxi. -- hitachi. china is on holiday along with hong kong and taiwan. all three markets on holiday, tomorrow hong kong will be com
here are the top stories, asian stocks ride -- rise with fed chair jay powell reaffirming his view that rate cuts are still likely this year despite strength in the u.s. economy. oil extends its rally with opec-plus, also ahead, we're live to taipei for an update on earthquake recovery efforts as crucial chipmakers resume production. and we have some great guests weighing in this hour and the outlook for india's active markets. asia tracking gains in the u.s., traders taking some comfort from...
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Apr 26, 2024
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maria: would you reappoint jay powell. >> no i would not do that. >> because he missed inflation? >> he did miss but no i would not be inclined. maria: your thoughts in terms of the president's biden trump getting involved in fed policy. >> this seems like political speculation. it would be very difficult to get that through congress and overall fed policy around election and policy in general has not really taken a political stance but we think it would be difficult to get that through congress. maria: at this point there's a lot of betting going on whether or not the fed will lower walk and one point i made the closer we get to november the less likely they will cut rates because they do what appear political in any way in your thoughts whether or not were going to get a rate cut. >> we think there could be one or two rate cuts this year in the market was priced into the futures market. if you go back and look at the history of the fed back to the early 60s what you find the fed has shown no hesitation to either raise rates or cut rates late in the year during a presidential ele
maria: would you reappoint jay powell. >> no i would not do that. >> because he missed inflation? >> he did miss but no i would not be inclined. maria: your thoughts in terms of the president's biden trump getting involved in fed policy. >> this seems like political speculation. it would be very difficult to get that through congress and overall fed policy around election and policy in general has not really taken a political stance but we think it would be difficult to...
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>> jay powell was asked this question on friday. it was good friday and the markets were closed. they said are you too transparent? he said i don't think so. they like coming out and doing these talks. but i think you're right, sometimes it can be confusing. what is good about this fed speak, the markets came into the year asking, begging for six rate cuts and at least now finally they're looking at two and-a-half rate cuts so they're getting moread in line with what the fed has said. la.larry: never seen it happen. kevin cramer, you know somethinb about oil coming up from north dakota. we're seeing a pretty big rally, the best sinces december, i think, or even further back, october.the west texas, yes. brent crude, yes. what do you make of that? what's going on here? >> well, what's happening is really it gets to the point of what's making this inflation so sticky. energyk so prices, high energybe prices will add to the inflation of everything we grow, produce, manufacture, move from one place to another place whether receiving it or whether you're sending it to another market.
>> jay powell was asked this question on friday. it was good friday and the markets were closed. they said are you too transparent? he said i don't think so. they like coming out and doing these talks. but i think you're right, sometimes it can be confusing. what is good about this fed speak, the markets came into the year asking, begging for six rate cuts and at least now finally they're looking at two and-a-half rate cuts so they're getting moread in line with what the fed has said....
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Apr 18, 2024
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have you changed with jay powell talking a few daysi ago >> we do think the strength you see in the u.s. inflation suggests that the timeline may be pushed back and the pace of rate cuts may be slower. importantly for investors, it is important to keep in mind that the next move does look like it will be lower. also importantly, the delay is going against the back drop of solid growth that prevesents two factors if you are having the delay against the strong growth back drop, it is still an opportunity to lend to high quality companies. coming back to that credit >> how many cuts >> we think the scope for three if the fed is able to deliver a cut in july. we have a couple of cpi prints and labor market reports big picture looks like it will be lower >> thank you very much for coming to the set. >> thank you >>> we turn our an tttention to developing story beijing this morning responding to the biden administration proposal of chinese made steel and aluminum with a threat of tariffs. we have eunice yoon with more on the story. >> reporter: thank you, frank. china called president biden's
have you changed with jay powell talking a few daysi ago >> we do think the strength you see in the u.s. inflation suggests that the timeline may be pushed back and the pace of rate cuts may be slower. importantly for investors, it is important to keep in mind that the next move does look like it will be lower. also importantly, the delay is going against the back drop of solid growth that prevesents two factors if you are having the delay against the strong growth back drop, it is still...
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Apr 4, 2024
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i guess we got to listen to jay powell, though we were at 6 for a while. i don't know if most people were. three to a lot of people now sounds probably unlikely. but they're sticking to it. that was kind of interesting. they don't want -- they don't care if the market goes higher, do they? they're not trying to disappoint investors. that's not why they're doing this. >> no. >> why are they doing it? >> no, i don't -- i don't -- well, first of all, joe, i will give you ten bucks for every time you can find anything the fed said that would have justified the market going to six. i think that's more of an interesting -- >> now they're endorsing three. the market could be -- people could be wrong about three, but they're kind of endorsing three, even though -- >> you know, joe, i said this repeatedly. the fed is a victim of its own transparency. i really like the dots. the dots tell me where the fed is going. but i don't know why that june probability is so low. i think that might be wrong there. should be 57%. anyway, what i'm seeing on my screen. in any even
i guess we got to listen to jay powell, though we were at 6 for a while. i don't know if most people were. three to a lot of people now sounds probably unlikely. but they're sticking to it. that was kind of interesting. they don't want -- they don't care if the market goes higher, do they? they're not trying to disappoint investors. that's not why they're doing this. >> no. >> why are they doing it? >> no, i don't -- i don't -- well, first of all, joe, i will give you ten...
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Apr 20, 2024
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i think one of biden's great mistakes was to reappoint jay powell chair the fed. i mean, powell, who had been appointed by trump, wall street auditions, be reappointed as a kind of a, hey, i'm a republican. i'm a wall street guy, but i believe in low interest rates and. indeed, during the whole trump period, interest rates were kept very low. well, as soon as covid and as soon as biden stimulated the economy, powell turns around and raises interest rates. a and so, okay inflation's down somehow you didn't manage to kill growth. we got lucky. take your jam off the brake. so that's something that biden doesn't control directly. but it's another that influences how well the economy is going to do. you know they're not to raise taxes in an election year in congress. we're not going to do anything in an election year. there's a divided congress, correct. but once the calendar turns to january of 2025, they're going to be focusing on 2026. right. number one and two, unless a party wins a blowout, that's probably powell. now is. sorry about that. the i don't know how to
i think one of biden's great mistakes was to reappoint jay powell chair the fed. i mean, powell, who had been appointed by trump, wall street auditions, be reappointed as a kind of a, hey, i'm a republican. i'm a wall street guy, but i believe in low interest rates and. indeed, during the whole trump period, interest rates were kept very low. well, as soon as covid and as soon as biden stimulated the economy, powell turns around and raises interest rates. a and so, okay inflation's down somehow...
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Apr 11, 2024
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larry: you're sitting on, taylor riggs, said this talking outside on the 20th floor, jay powell's new favorite thing, core services ex-rents. if you don't like it you don't like it but that is supposedly his new rate. it is up 8.2% the last few months at annual rate. the other measures are up at 4% at annual rate. wait, market price indicators, wayne angell, manley johnson, crbs, goldman sachs, those are booming, bonn rates are rising again. what is the case, jason, a savvy investor like you? >> look at financial assets, bitcoin, gold. larry: yeah. >> stocks, credit spreads are tight as a drum. everything is telling you that financial conditions are easy. the case is getting worse for the fed to ease, not better. larry: are you kidding? >> yeah. larry: i just want to about back, reading -- you read larry lindsey. brilliant economist. great fun to read larry lindsey. old friend, dear friend. he has not only changed his mind, he thinks -- i don't choir what the forward futures people are wrong, they have been wrong for 300 years, they will be wrong this year. now they're moving it to se
larry: you're sitting on, taylor riggs, said this talking outside on the 20th floor, jay powell's new favorite thing, core services ex-rents. if you don't like it you don't like it but that is supposedly his new rate. it is up 8.2% the last few months at annual rate. the other measures are up at 4% at annual rate. wait, market price indicators, wayne angell, manley johnson, crbs, goldman sachs, those are booming, bonn rates are rising again. what is the case, jason, a savvy investor like you?...
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Apr 27, 2024
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powell may say give and it feels like he wants to cut interest rates but how can he and inflation is not where he wants it? i'm with the spike in prices continues elevated. was he going to give us guidance? how will he manage that in this meeting? >> i hope they stop giving us guidance. the last several years policymakers should keep talking yoshould keep giving their forecast helme how many cups ofg the upcoming year? i think it has been a policy error when they talked in december that all of these costs to come inflation was beaten. they talked on the policy rate and the inflation serve as my best advice that should stop giving forward guidance. the most important power the power tool the bank has it's not actually it's printing press it's it's credibility i worry a lot the credibility has been strained by these errors that are systematic about prices, about the real economy per help when chairman powell and his colleagues with this upcoming week they talk a little less and they think a little bit more. the world is a mess out there. making crazy forecasts is only going to make the
powell may say give and it feels like he wants to cut interest rates but how can he and inflation is not where he wants it? i'm with the spike in prices continues elevated. was he going to give us guidance? how will he manage that in this meeting? >> i hope they stop giving us guidance. the last several years policymakers should keep talking yoshould keep giving their forecast helme how many cups ofg the upcoming year? i think it has been a policy error when they talked in december that...
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Apr 4, 2024
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fed chair jay powell says there's still room for rate cuts this year. stock futures pointing to gains. >>> disney prevailing in the proxy battle with nelson peltz. we will tell you what comes next for the media and entertainment giant. >>> apple reportedly working on a home robot that would follow you around the house. it's thursday, april 24th, 2024. "squawk box" begins right now. >>> good morning. welcome to "squawk box" here on cnbc. we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. everybody's here in the studio. >> good to see you. >> well rested. >> of course. >> happy. >> as joe mentioned, u.s. equity futures are higher. dow is up 130. nasdaq up 95. the s&p up 18. this comes after you were looking at the dow down for three days in a row. it was a mixed session for stocks yesterday. the dow was down 43 points. the third straight session of declines. the s&p was inching higher. up .10%. the nasdaq up .20%. treasury yields you did see higher yields across
fed chair jay powell says there's still room for rate cuts this year. stock futures pointing to gains. >>> disney prevailing in the proxy battle with nelson peltz. we will tell you what comes next for the media and entertainment giant. >>> apple reportedly working on a home robot that would follow you around the house. it's thursday, april 24th, 2024. "squawk box" begins right now. >>> good morning. welcome to "squawk box" here on cnbc. we are live...