#federal-reserve

#federal-reserve

Miran advocates for an extensive overhaul of Fed governance, suggesting shorter board member terms, presidential control, and nationalizing the Fed's regional banks to enhance oversight and support economic growth.

The Fed decided to keep rates steady this week at 4.25-4.5%, focusing investor attention more than usual. Numerous earnings reports were released during the week.

The Bureau of Labor Statistics is essential for providing credible information about jobs and the economy, and its independence must be protected at all costs to maintain trust.

With America's workforce in a demographic crunch and historic changes in immigration policy under way, it is "quite possible that the next five years will see no growth in workers at all."

The U.S. added fewer jobs than anticipated in July, leading to a total increase of only 73,000 jobs, significantly below expectations of over 100,000.

The recent batch of indicators has punctured the notion on Wall Street that the U.S. economy is bulletproof and can withstand headwinds like President Donald Trump's trade war.

The dollar's stability is bolstered by positive trade developments, including potential tariff agreements between the US and Europe, which ease uncertainty in the market.

Senator Mike Lee posted and deleted a tweet claiming Federal Reserve Chair Jerome Powell resigned, sharing a fake resignation letter that was typo-ridden. The tweet suggested a change in leadership was necessary for public confidence in the Federal Reserve.

The higher-for-longer rate environment is impacting new home markets, as rising inventory of existing homes is expected to keep new construction activity in check.

June's Consumer Price Index (CPI) rose by 0.3% month-over-month and 2.7% year-over-year-higher than expected-while the Producer Price Index (PPI) unexpectedly stalled at 0.0%. These figures suggest that while price pressures remain on the consumer end, they may be easing on the production side.

The Federal Reserve is countering claims from the White House regarding extravagant renovations with a video that details a major overhaul and modernization of two old buildings.