Everything President Donald Trump Is Doing Is ‘Disinflationary’
Treasury Secretary Scott Bescent said on Bloomberg TV's “Bloomberg Surveillance” on Thursday that everything President Donald Trump was doing was “fluffy.” Host Jonathan Ferro said, “Let's start with the debt market. What people were hoping to do was probably change some of the Treasury's issues. Last year about Yellen in the summer of the day. […]
Fed’s Powell says prices are ‘back on disinflationary path,’ but more confidence is still needed
Investors are closely watching comments from central bank governors for clues about future interest rate movements. Chairman of the Federal Reserve System Jerome Powell The Federal Reserve chairman said Tuesday that policymakers have made “substantial” progress in fighting inflation but need to see more evidence before they start cutting interest rates. Speaking at a central […]
Still Have Good Disinflationary Forces
On Friday’s Bloomberg “Balance of Power” broadcast, Jared Bernstein, chairman of the White House Council of Economic Advisers, reacted to April’s personal consumption expenditures (PCE) index, saying that “the lull in deflation in the first quarter of this year was likely due to an unusual factor, some residual seasonality,” and that the consensus was that […]