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Goolsbee urges Fed to hold steady on rates until inflation convincingly cools
business3 days ago

Goolsbee urges Fed to hold steady on rates until inflation convincingly cools

Chicago Fed President Austan Goolsbee said rate cuts aren’t appropriate until there’s clearer evidence that inflation is heading down toward the 2% target, highlighting December core inflation at 3% and persistent housing costs. He warned against front-loading cuts and stressed the need to prove inflation is on a path back to 2% before loosening policy, while markets price in a hold through mid-2025 with potential cuts later in the year.

via CNBC|
#austan-goolsbee#business#fed
Warren urges Fed and Treasury to reject crypto bailout for billionaires
politics8 days ago

Warren urges Fed and Treasury to reject crypto bailout for billionaires

Sen. Elizabeth Warren asks the Treasury and the Federal Reserve to explicitly rule out using taxpayer dollars to bail out cryptocurrency billionaires as bitcoin slides about 50% from its October peak, warning such a rescue would enrich Trump-linked crypto interests and harm taxpayers. She also calls for stronger protections for retail crypto investors amid a selloff driven by leveraged liquidations, citing World Liberty Financial’s activity and losses among major crypto figures.

via CNBC|
#bitcoin#crypto#fed
Hassett slams NY Fed tariff study, urges discipline for researchers
economy8 days ago

Hassett slams NY Fed tariff study, urges discipline for researchers

White House economic adviser Kevin Hassett blasted a New York Fed study finding most tariff costs are borne by U.S. firms and consumers, calling the paper “the worst” and saying those involved should be disciplined. He argued tariffs have lowered inflation and benefited consumers, while other independent analyses have reached similar conclusions about the domestic burden; the NY Fed declined to comment.

via Yahoo|
#economy#fed#hassett
Fed minutes reveal split on rate path: holding cuts for now, with hikes on the table if inflation persists
economy9 days ago

Fed minutes reveal split on rate path: holding cuts for now, with hikes on the table if inflation persists

Minutes from the January FOMC show a divided committee: most officials favored pausing further rate cuts for now unless inflation clearly slows, while some floated the possibility of hikes if inflation remains above target; the statement was adjusted to reflect a more balanced outlook, and markets price in a potential June cut followed by another move later in the year if disinflation proceeds and labor markets stay resilient.

via CNBC|
#economy#fed#fomc
AI Sparks Fed Debate: Warsh Sees Rate Cuts, Barr Pushes Caution
business9 days ago

AI Sparks Fed Debate: Warsh Sees Rate Cuts, Barr Pushes Caution

Fed officials remain divided on AI’s impact on policy: former governor Kevin Warsh argues AI adoption could boost productivity and justify lower rates, while Fed Governor Michael Barr says the AI boom is unlikely to meaningfully push rates down in the near term and warns that productivity gains could lift the neutral rate, suggesting only limited or gradual easing ahead.

via CNN|
#ai#business#fed
commodities10 days ago

Gold and silver retreat as key U.S. data loom this week

Gold and silver prices slipped as traders weigh rate expectations ahead of a busy U.S. data week, with spot gold down 0.9% to $4,997.74/oz and April gold futures at $5,019.25/oz, while spot silver fell 1.5% to $76.808/oz and platinum at $2,043.20/oz. The market focus is on the Federal Reserve minutes from the January meeting and December PCE inflation data, along with U.S. trade and industrial production figures, as investors reassess the path of monetary policy and inflation.

via Investing.com|
#commodities#fed#gold
AI Boost and Policy Push Set Stage for 2026 U.S. Growth Surge
business19 days ago

AI Boost and Policy Push Set Stage for 2026 U.S. Growth Surge

The piece argues 2026 could deliver record U.S. growth as AI-driven productivity combines with policy shifts, including a Fed leadership change to Kevin Warsh that some see as potentially dovish. With GDPNow at about 4.2% for late-2025 and a 5–6% growth outlook for 2026, the outlook hinges on the economy’s ability to sustain productivity gains amid inflation dynamics, aided by reopening effects, a larger defense budget, and tax/tariff support.

via Zacks Investment Research|
#ai#business#economy
Powell Exit Triggers ETF Plays: Banks, Small Caps, Real Estate
markets21 days ago

Powell Exit Triggers ETF Plays: Banks, Small Caps, Real Estate

As Fed Chair Jerome Powell’s term ends in May and Kevin Warsh is nominated to succeed him, markets anticipate rate cuts paired with balance-sheet shrinkage. The piece highlights three ETFs that could benefit: Financial Select Sector SPDR (XLF) for banks from lower rates, iShares Core S&P Small-Cap (IJR) for rate-sensitive small caps, and iShares US Real Estate (IYR) for REITs that historically outpace stocks after easing cycles. Consider XLF, IJR, and IYR as potential beneficiaries amid the policy shift.

via 24/7 Wall St.|
#fed#ijr#markets
politics22 days ago

Treasury chief dodges question on suing next Fed chair amid rate-cut talk

Treasury Secretary Scott Bessent declined to say publicly whether the administration would sue Kevin Warsh, Trump’s pick for Fed chair, saying it’s up to the president as the Fed’s independence and pressure for rate cuts become the backdrop of a high-profile hearing; the piece also tracks a flurry of Capitol Hill activity—from Tim Scott’s clash with Grassley and Durbin over Nazi-linked bank probes to Lindsey Graham’s bid to widen who can sue the DOJ over the Jack Smith investigation, ongoing Clinton deposition discussions, and a tense DHS funding fight that could trigger a shutdown, all amid talks of attending the Munich Security Conference and other political maneuvering.

via Politico|
#congress#doj#fed
Crypto Selloff Eyes Key Support as Bitcoin Dips Near $70K
business22 days ago

Crypto Selloff Eyes Key Support as Bitcoin Dips Near $70K

Bitcoin slid toward a break below the $70,000 level after dropping to about $70,052, with ether around $2,111 and a breach of $2,000 possible for the first time since May last year. The move comes as markets price in a hawkish Fed stance and a shrinking balance sheet, with BTC down roughly 7% for the week and about 20% on the year, while ETH is down around 30%. Analysts point to sustained ETF outflows and waning institutional interest as signs of broad crypto pessimism.

via Reuters|
#bitcoin#business#crypto
Trump weighs immigration tweak, AI promise, and rate-cut bets in NBC sit-down
politics22 days ago

Trump weighs immigration tweak, AI promise, and rate-cut bets in NBC sit-down

In an NBC News interview, Trump discussed immigration with a softer enforcement tone but focus on criminals, signaled support for potential Federal Reserve rate cuts via his pick for chair, talked up AI as a major future driver with caveats, and said the DOJ would handle Warner Bros. Discovery matters, while affirming he’d accept honest midterm results; NBC fact-check notes that job growth has slowed in recent years.

via Axios|
#ai#fed#immigration