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The John Batchelor Show

PREVIEW: FEDERAL RESERVE: INTEREST RATE: Conversation with colleague Liz Peek re: the Wall Street talk of a quarter point reduction in the cost of money expected in the coming weeks -- and when? More later today.

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 23 July 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

PREVIEW: FEDERAL RESERVE: INTEREST RATE: Conversation with colleague Liz Peek re: the Wall Street talk of a quarter point reduction in the cost of money expected in the coming weeks -- and when? More later today.

1914 Federal Reserve System

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

Pinedo Ferries, there is another way.

0:29.0

This is John Batcher, speaking with my colleague Elizabeth Peek of the Hill and Fox News a columnist

0:36.7

about Jerome Powell, the chairman of the Federal Reserve indicating that we're moving in the right direction

0:41.8

for inflation towards 2% and that the street, Wall Street,

0:47.0

the smart people, expect a rate cut by the end of September. That is long promised, It will boost the market. It will be a part of the

0:56.2

conversation for the campaign. However, Mr. Powell and the Federal Reserve governors

1:01.3

are delivering on reducing inflation.

1:04.3

Here's Liz to explain the certainty.

1:09.8

How much?

1:10.5

How percentage high? Fun.

1:13.0

Liz Peek, Elizabeth Peek of the Hill, a columnist of Fox News, a columnist much on Fox Business.

1:19.6

More of this tonight.

1:20.6

Absolutely.

1:21.6

In fact, I think some recent survey put the odds of a Fed rate cut by September, by September, by the end of September

1:31.1

at 100 percent.

1:32.4

Everyone is quite convinced this is going to happen.

1:35.0

And of course, Jay Powell has sort of lent his

...

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