2 months ago
All eyes in markets were on Kevin Warsh at Jackson Hole on Friday.
The Fed chief signaled the central bank is committed to 2% inflation, causing bond yields to jump.
Here's what some top market minds are saying about Warsh's remarks.
Investors were glued to their TVs on Friday as Federal Reserve boss Kevin Warsh stepped up to the podium at the annual Jackson Hole Economic Symposium.
The hotly anticipated remarks held a few key takeaways for investors. For one, Warsh reiterated what many already knew, which is that the era of forward guidance from the central bank is largely over. In stark contrast to his predecessor Jerome Powell, Warsh wants a "quieter" Fed.
#jackson #hole #central #bank
The Fed chief signaled the central bank is committed to 2% inflation, causing bond yields to jump.
Here's what some top market minds are saying about Warsh's remarks.
Investors were glued to their TVs on Friday as Federal Reserve boss Kevin Warsh stepped up to the podium at the annual Jackson Hole Economic Symposium.
The hotly anticipated remarks held a few key takeaways for investors. For one, Warsh reiterated what many already knew, which is that the era of forward guidance from the central bank is largely over. In stark contrast to his predecessor Jerome Powell, Warsh wants a "quieter" Fed.
#jackson #hole #central #bank
3 months ago
LINCOLN, Calif. (AP) — One thing Anne Smull, a retired feedstore owner, was looking forward to on Election Day was voting for the man who currently represents her in Congress, conservative Rep. Kevin Kiley. Now she can't.
That's because California Democrats sliced Kiley's district six ways as payback for Republican redistricting in Texas and elsewhere. The chunk of the district that Smull, who identifies as a conservative, lives in is now grafted onto an overwhelmingly Democratic seat based in the state's wine country.
During a recent lunch at a cafe in Lincoln, a onetime agricultural town that has morphed into a bedroom community on the edge of Sacramento's exurban sprawl, Smull was heartbroken to hear she can no longer vote for Kiley.
"He believes in the same things I do," Smull said. "It feels sneaky and underhanded."
Democratic voters in several other states know how Smull feels.
#kiley #democratic #district #anne
That's because California Democrats sliced Kiley's district six ways as payback for Republican redistricting in Texas and elsewhere. The chunk of the district that Smull, who identifies as a conservative, lives in is now grafted onto an overwhelmingly Democratic seat based in the state's wine country.
During a recent lunch at a cafe in Lincoln, a onetime agricultural town that has morphed into a bedroom community on the edge of Sacramento's exurban sprawl, Smull was heartbroken to hear she can no longer vote for Kiley.
"He believes in the same things I do," Smull said. "It feels sneaky and underhanded."
Democratic voters in several other states know how Smull feels.
#kiley #democratic #district #anne
3 months ago
WASHINGTON (AP) — Senators headed for the exits in the predawn hours Saturday, ending for now a crushing standoff over President Donald Trump's demands that they stay in session to pass a strict proof-of-citizenship voting bill before the summer recess.
While they wrapped up many key priorities in the overnight votes, advancing Trump's SAVE America Act was not among them.
Instead, Republican senators who had brought the chamber to a standstill spoke to Trump late in the evening about an alternative plan: They would try again to approve elements of the voting bill as part of a broader GOP budget package to fund the Iran war and replenish the Pentagon when they return to work in September.
"Obviously, with the president at his direction, this is what he wants to do," said Sen. Ron Johnson of Wisconsin, the GOP budget committee chairman, flanked by Sens. Mike Lee, R-Utah, and Rick Scott, R-Fla., after their phone call with the president.
The sudden wind-down after weeks of Trump ramping up his demands shows just how deeply the president is able to reach into the halls of Congress to set the agenda or disrupt it, the executive directing the affairs of the legislative branch. While Trump is often seen as a de facto speaker of the House, he is invariably trying his hand at mastering the Senate.
#voting
While they wrapped up many key priorities in the overnight votes, advancing Trump's SAVE America Act was not among them.
Instead, Republican senators who had brought the chamber to a standstill spoke to Trump late in the evening about an alternative plan: They would try again to approve elements of the voting bill as part of a broader GOP budget package to fund the Iran war and replenish the Pentagon when they return to work in September.
"Obviously, with the president at his direction, this is what he wants to do," said Sen. Ron Johnson of Wisconsin, the GOP budget committee chairman, flanked by Sens. Mike Lee, R-Utah, and Rick Scott, R-Fla., after their phone call with the president.
The sudden wind-down after weeks of Trump ramping up his demands shows just how deeply the president is able to reach into the halls of Congress to set the agenda or disrupt it, the executive directing the affairs of the legislative branch. While Trump is often seen as a de facto speaker of the House, he is invariably trying his hand at mastering the Senate.
#voting
3 months ago
By Nate Raymond and Jan Wolfe
Aug 4 - U.S. President Donald Trump repeatedly campaigned for his second term as a champion of free expression, vowing in his January 2025 inaugural address to stop what he described as years of "government censorship."
Since then, a wave of court rulings has concluded his administration has done the opposite. Reuters identified 75 federal-judge rulings finding Trump's government infringed on First-Amendment rights including freedoms of speech, religion, and the press.
The unprecedented pushback on constitutional grounds has included repeated findings that the administration chilled or squelched the speech of citizens and groups opposing the Republican's agenda.
"The President's palpable misunderstanding that the government simply cannot seek retribution for speech he disdains poses a great threat to Americans' freedom of speech," Boston-based U.S. District Judge William Young wrote.
#government #administration #wolfe
Aug 4 - U.S. President Donald Trump repeatedly campaigned for his second term as a champion of free expression, vowing in his January 2025 inaugural address to stop what he described as years of "government censorship."
Since then, a wave of court rulings has concluded his administration has done the opposite. Reuters identified 75 federal-judge rulings finding Trump's government infringed on First-Amendment rights including freedoms of speech, religion, and the press.
The unprecedented pushback on constitutional grounds has included repeated findings that the administration chilled or squelched the speech of citizens and groups opposing the Republican's agenda.
"The President's palpable misunderstanding that the government simply cannot seek retribution for speech he disdains poses a great threat to Americans' freedom of speech," Boston-based U.S. District Judge William Young wrote.
#government #administration #wolfe
