#Markets: Waiting for Fed Chairman Powell to respond to the trend. Liz Peek The Hill. Fox News and Fox Business
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 10 July 2024
⏱️ 10 minutes
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Summary
#Markets: Waiting for Fed Chairman Powell to respond to the trend. Liz Peek The Hill. Fox News and Fox Business
https://www.msn.com/en-us/money/markets/powell-inches-the-fed-closer-to-cutting-rates/ar-BB1pG5Kp
1918 Wall Street
Transcript
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| 0:00.0 | Oh, he's cute. Mr. I can never sleep when I'm traveling. He's hugging his pillow like a sloth on a branch. |
| 0:10.0 | He couldn't sleep before. Now listen to him. Sounds like an elephant with a chest infection. |
| 0:15.0 | Well, they call him a dreamer. And now they're right. |
| 0:19.0 | All aboard, Mr. I can never sleep when I'm traveling. |
| 0:23.0 | Find all the comfort you need in the quiet lounge. |
| 0:26.0 | Piando Ferries, there is another way. This is CBS I on the world with John Bachelor. |
| 0:37.0 | Here's John Bachelor. |
| 0:42.0 | The American economy, the global economy, waiting for the Federal Reserve to see numbers that it favors before a change in the highest cost of money in decades. |
| 0:54.1 | I welcome Elizabeth Peek, my colleague, |
| 0:56.2 | she's a columnist at the Hill, |
| 0:57.9 | the columnist at Fox News. |
| 0:59.6 | In the midst of a political season, |
| 1:01.9 | we also attend to the Federal Reserve meeting, which will be in several |
| 1:05.6 | weeks time at the end of July. |
| 1:07.8 | There will not be another meeting until September. |
| 1:10.7 | And after the promises of 2023, three reductions in the cost of money in 2024, said Mr. Powell, |
| 1:18.0 | we now are down to one, maybe, and when, maybe, and why. Liz, a very good evening to you as I understand it. |
| 1:26.4 | Inflation is not tamed but it's in the right direction. This is so much |
| 1:31.4 | nuance if I use the wrong modifier, forgive me. |
| 1:35.0 | And what we're waiting for is the Federal Reserve to see numbers that pleases something |
| 1:40.0 | like Mr Powell and the Board of Governors. What numbers? What would satisfy them? Housing |
| 1:46.5 | collapse? Inflation at the marketplace? Where are they looking? Good evening to you. |
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