Bloomberg
Treasury Secretary Bessent Says He Had Constructive Meeting With Fed's Powell
US Treasury Secretary Scott Bessent says he had a constructive first meeting with Federal Reserve Chair Jerome Powell. Bessent says he's sure Powell will "do the right thing" when it comes to monetary policy. Bessent speaks with...
Bloomberg
Bessent Says Fannie, Freddie Release Depends on Mortgage Rates
US Treasury Secretary Scott Bessent says that any release of Fannie Mae and Freddie Mac from their current conservatorship would depend on the implications for mortgage rates. Speaking with Bloomberg's Saleha Mohsin, Bessent also says...
Bloomberg
Fed's Waller Sees Stablecoins Strengthening Dollar's Status
Federal Reserve Governor Christopher Waller says stablecoins are likely to strengthen the dollar's status as a reserve currency, though they need a clear set of rules and regulations. He speaks at the Atlantic Council's global...
Bloomberg
Fed's Goolsbee Warns About Inflation Impact of Tariffs
Federal Reserve Bank of Chicago President Austan Goolsbee warns persistent tariffs could renew supply-chain disruptions and drive up inflation. He speaks at the Chicago Fed's auto conference in Detroit.
Bloomberg
Fed's Barkin on Policy Uncertainty, Interest Rates
Federal Reserve Bank of Richmond President Thomas Barkin discusses the need for more time to understand where the US economy and inflation are headed amid elevated uncertainty about President Donald Trump's policies and his view that...
Bloomberg
Barkin Says Fed Looking for Clarity on Policies, Growth
Federal Reserve Bank of Richmond President Thomas Barkin says officials need more time to understand where the US economy and inflation are headed amid elevated uncertainty about President Donald Trump's policies. He speaks on "Bloomberg...
Bloomberg
Treasury Yields Skeptical Fed Can Cut More: 3-Minute MLIV
Guy Johnson, Kriti Gupta, Lizzy Burden and Ven Ram break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
Bloomberg
Stagflation Is a Concern for State Street Strategist Loh
Marvin Loh, senior global macro strategist at State Street, says he is in the bear steepening camp which keeps him "hesitant to really embrace duration" in the bond market.
Bloomberg
Daly Says the Fed Can Take Its Time on Policy Changes
Federal Reserve Bank of San Francisco President Mary Daly says the US economy and labor market are solid and the Fed still has more work to do on inflation at an event hosted by the Commonwealth Club World Affairs of California.
Bloomberg
Fed on Hold Makes Sense Amid Tariffs, Bill Dudley Says
Bill Dudley, a Bloomberg Opinion columnist and former president of the Federal Reserve Bank of New York, discusses how President Donald Trump's tariffs could impact the US economy and Fed policy on "Bloomberg The Close."
Bloomberg
Clarida: Tightening Fed Policy Would Be Mistake Amid Tariffs
Richard Clarida, Pimco global economic adviser, discusses what President Donald Trump's tariffs could mean for the US economy and inflation on "Bloomberg The Close."
Bloomberg
Posen: More Worried About Canada Escalation than China
Peterson Institute for International Economics President Adam Posen says he's more worried about escalation in North America between the US and Canada than he is about escalation between the US and China in the near term. He says that...
Bloomberg
Asia Market Reaction to Tariffs Will Be 'More Orderly' Than Before: UBS
UBS Global Wealth Management's Kelvin Tay says the White House is using tariffs as "more of a bargaining tool, a negotiation tool." According to Tay, positioning in Chinese equity markets and some other Asian markets is "a lot lighter...
Bloomberg
What Trump's Tariffs Could Mean for Growth, the Fed and Jobs
Morgan Stanley Chief Global Economist Seth Carpenter says President Donald Trump's tariffs could knock a percentage point off US economic growth and pose a material downside risk to employment on "Bloomberg The Close."
Bloomberg
James Bullard Sees 'Much More to Come' on Trade War
Former St. Louis Federal Reserve President James Bullard discusses President Donald Trump's proposed tariffs of 25% on Canada and Mexico and 10% on China and how they may impact the US Economy and Federal Reserve policy.
Bloomberg
US Core PCE Muted, Consumer Spending Solid in Dec.
The Federal Reserve's preferred measure of underlying US inflation, the so-called core personal consumption expenditures price index saw a modest rise of 0.2% from November, while household spending rose 0.7% in December. Michael McKee...
Bloomberg
Fed's Bowman Prefers Cautious, Gradual Approach to Rates
Federal Reserve Governor Michelle Bowman says she wants to see more progress on lowering inflation before considering further interest rate cuts. She speaks at the New England CEO Summit.
Bloomberg
Nomura's Nicholson on "Prudent" Fed, Portfolio Strategy
Nomura's Gareth Nicholson says the Federal Reserve holding steady on rates is "very prudent." Nicholson says it gives the US central bank scope to see "where the potential pain points will come from change of policy, be it tariffs, be it...
Bloomberg
US Economy: 4Q GDP Grows at 2.3%, Jobless Claims Fall
The US economy expanded at a solid pace in the fourth quarter with gross domestic product increasing an annualized 2.3%. Applications for US unemployment benefits declined by 16,000 to 207,000 last week, while continuing claims fell from...
Bloomberg
Fed Is Now in 'Higher Rates for Longer' Mode: BlackRock
"Both the markets and the Fed have caught up with the reality that this is a different environment that's going to require higher rates for longer," says Jean Boivin, head of BlackRock Investment Institute. He made the comments on...
Bloomberg
Budget Reconciliation Won't Happen Quickly: Marc Short
Marc Short, Former Chief of Staff to Former Vice President Mike Pence, discusses House Republicans still working on a framework for their Budget Reconciliation Bill and the on-going debate if the legislation will be one or two bills. He...
Bloomberg
JPMorgan's Michele Sees 'Awesome' Environment for Bonds
Bob Michele, JPMorgan Asset Management's global head of fixed income, expects "pretty steady growth" for the US economy which will provide an "awesome" environment for fixed income and some capacity for the Federal Reserve to cut rates.
Bloomberg
Fed Is Not in Hurry to Lower Rates, Powell Says
Federal Reserve Chair Jerome Powell says officials are not in a hurry to lower interest rates, citing a strong economy and solid labor market. He speaks in Washington after policy makers voted unanimously to keep the federal funds rate...
Bloomberg
Fed Holds Interest Rates Steady, Says Economy Is Solid
The Federal Reserve holds interest rates steady as it pauses to assess the inflation outlook. The FOMC voted unanimously on Wednesday to keep the federal funds rate in a range of 4.25%-4.5%, after lowering rates by a full percentage...