"Much of the conversation focused on navigating a volatile business landscape and an administration that gets laurels for its pro-business policies and darts for how it deals with allies and anyone who speaks out against Trump or his policies. As always, Sonnenfeld kept it off the record to, as he put it, "tap into problem-solving instead of name-calling" and let divisive issues "be discussed constructively, free of grandstanding, ideological clichés, and tribal loyalty.""
"On future rate cuts: "We're still about 50 to 100 basis points above neutral," said Waller, who argued for a rate closer to 3%. "We're close to zero job growth. That's not a healthy job market. AI is stalling hiring; there's not going to be any reacceleration of inflation." That said, "because inflation is still up, we can take time to steadily bring the rate down towards neutral.""
The Yale CEO Summit examined a volatile business landscape and an administration praised for pro-business policies but criticized for its treatment of allies and critics. A public session featured CNBC's Steve Liesman and Fed governor Christopher Waller, a contender to replace Jerome Powell; a spot poll showed strong room support for Waller but low odds he would be chosen. Economic data showed weak jobs and a K-shaped recovery while the Fed has cut rates for a third straight meeting to support a softening labor market. Waller said policy remains 50–100 basis points above neutral, advocated a rate nearer 3%, warned that AI is stalling hiring, and recommended steadily bringing rates down because inflation remains elevated.
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