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Mar 6, 2024
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powell. >> the fed chair j powell maintains the economy is in good shape, labor market is strong with inflation coming down but the fed needs more evidence on inflation coming down before cutting interest. how much evidence? maybe is not as much as we previously thought. >> more evidence that ill give us more confidence that inflation is on a path down o 2% sustainably. not looking for better readings then we have had, but more of them and what will happen is as we go forward, 12 months will continue to drop. because it will be lower than early last year. >> the first of two days of testimony before congress j powell says the fed can cut before it reaches 2% , he does not believe the economy is close to recession and higher bank capital rules could be re- examined. he says it is possible before it goes to capital higher levels being withdrawn, they could be reproposed on commercial real estate. there will be losses, it is a serious problem, but most issues are with small and medium banks in specific locations and the fed is working with the banks. add it all up, some modest but measur
powell. >> the fed chair j powell maintains the economy is in good shape, labor market is strong with inflation coming down but the fed needs more evidence on inflation coming down before cutting interest. how much evidence? maybe is not as much as we previously thought. >> more evidence that ill give us more confidence that inflation is on a path down o 2% sustainably. not looking for better readings then we have had, but more of them and what will happen is as we go forward, 12...
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Mar 19, 2024
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you don't think that jpole j. the economy. >> h heaven forbid. >> it was a verbal thing, faulkender thank you, someone i, michael faulkender, look at that summers thing, see if you recalculate the cpi . and way, coming up, matthew and byron york on busting trump will backfire on the bidens, i am kudlow, that cpi is worse than you think, we'll be right back. the lungs and lower airways. but i'm protected with arexvy. arexvy is a vaccine used to prevent lower respiratory disease from rsv in people 60 years and older. rsv can be serious for those over 60, including those with asthma, diabetes, copd, and certain other conditions. but i'm protected. arexvy is proven to be over 82% effective in preventing lower respiratory disease from rsv and over 94% effective in those with these health conditions. arexvy does not protect everyone and is not for those with severe allergic reactions to its ingredients. those with weakened immune systems may have a lower response to the vaccine. the most common side effects are injectio
you don't think that jpole j. the economy. >> h heaven forbid. >> it was a verbal thing, faulkender thank you, someone i, michael faulkender, look at that summers thing, see if you recalculate the cpi . and way, coming up, matthew and byron york on busting trump will backfire on the bidens, i am kudlow, that cpi is worse than you think, we'll be right back. the lungs and lower airways. but i'm protected with arexvy. arexvy is a vaccine used to prevent lower respiratory disease from...
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Mar 20, 2024
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. >> all right so question, is j.economy is give biden a an election year boost, and supreme court decision that gives texas authority to arrest immigrants. joining me now louisiana senator mr. john kennedy. senator kennedy, we really appreciate you come on. i want to start, sir, you have laken riley act, which is important, and supremes toward, as you know, at least for short run, are letting texas authorities continue to arrest illegal migrants and leave up the barrier. and seems that is a step in the right direction. >> yes. it is a step in the right direction. i think it is clear to most americans, that if we'll secure the border we'll have to work around president biden and the white house. sometimes when people act like, they don't care, it is not unact. it is clear to me that president biden does not care about the border problem. only the reason he a -- has talked about it because it is an issue in his campaign, otherwise he is content with the border being an open bleeding wound, it is chaos by design, the st
. >> all right so question, is j.economy is give biden a an election year boost, and supreme court decision that gives texas authority to arrest immigrants. joining me now louisiana senator mr. john kennedy. senator kennedy, we really appreciate you come on. i want to start, sir, you have laken riley act, which is important, and supremes toward, as you know, at least for short run, are letting texas authorities continue to arrest illegal migrants and leave up the barrier. and seems that...
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Mar 21, 2024
03/24
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groceries -- 21%, energy 30% with this jpol j. powell is right. but remember, on broadway, in is no such thing as a one act, play, we'll talk about this, bringing in our experts, steve moore committee t to unleash prosperity, and art laffer, former reagan economist. and art, i think that powell got it right today, it is a rorschach test, you read into it what you want. broadway shows have many actions not just one. but the fact is all of these price levels indicators goring up and i think that the fed is right, at least for the moment. why should they cut rates? what do you think? >> i don't think they should cut rates. and excuse me, i have a cold. you know what bothirded bothered me about his report he promises three cuts in future this year, this is inappropriate, these numbers are not good for inflation, looking at dollar versus bitcoin and gold it has been falling, and there is no real boom in this economy. that is where i am. larry: good, steve moore, i don't think that they should cut rates this year. inflation has not come down to 2%. and
groceries -- 21%, energy 30% with this jpol j. powell is right. but remember, on broadway, in is no such thing as a one act, play, we'll talk about this, bringing in our experts, steve moore committee t to unleash prosperity, and art laffer, former reagan economist. and art, i think that powell got it right today, it is a rorschach test, you read into it what you want. broadway shows have many actions not just one. but the fact is all of these price levels indicators goring up and i think that...
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Mar 13, 2024
03/24
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powell, he dud that anyway. will be like old-times. >> you have to think joe biden's advisers must have been pulling their hair when he said, i bet they will cut, that puts fed in awkward position, if they cut it looks like they are obeying what joe biden told them to do. larry: stock market went up today. s&p hit. >> record the high. >> that is important, and other hand. inflation is not creeping down. it is creeping up. or maybe creeping. this is something that fed has to pay attention to, if you might your target of 2%, there is nothing in here that says you are meeting that target. >> if you have a core 3.8 you are almost double that target of 2%. fed looks at pc, this is cpi, we're nowhere near 2%, notes i was reading harkens back to 1970s era. that is what the fed needs to be worried about, making sure with stock market at record high, they are loose, and easy, you are not seeing credit spreads widen and traditional signals that market surge pressure -- is under pressure. it is all risk on, the eatieasing
powell, he dud that anyway. will be like old-times. >> you have to think joe biden's advisers must have been pulling their hair when he said, i bet they will cut, that puts fed in awkward position, if they cut it looks like they are obeying what joe biden told them to do. larry: stock market went up today. s&p hit. >> record the high. >> that is important, and other hand. inflation is not creeping down. it is creeping up. or maybe creeping. this is something that fed has...
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Mar 21, 2024
03/24
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and i really think that secretly j. powell will not cut this year. before the election. on other hand. of "wall street journal," he was saying how the fed was dovish. i was reading that word dovish from a lot. i don't think, he is keeping 2% target, that is where the rubber meets the road, all lefties want him to go to 3%. so we could hurry up and cut rates, and juice the economy to bailout joe biden. down see that. -- i don't see h. >> i don't think so that would be a shame to change it. most economists, have reiterated that 2% in the long run is where you want inflation to be. >> and what they did, they kept the long run inflation target same and moved the long run fed funds rate that will keep moving, they will keep moving that up. because what they are communicating is that it takes slightly high are high -- h higher rates to get to 2% this is a hawkish message. larry: it top add, you wipe out gas, powered cars and stick electric vehicles in that is inflationary. >> yes. larry: nothing but high are prices, for everything across the board. >> think a lot of people hav
and i really think that secretly j. powell will not cut this year. before the election. on other hand. of "wall street journal," he was saying how the fed was dovish. i was reading that word dovish from a lot. i don't think, he is keeping 2% target, that is where the rubber meets the road, all lefties want him to go to 3%. so we could hurry up and cut rates, and juice the economy to bailout joe biden. down see that. -- i don't see h. >> i don't think so that would be a shame to...
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Mar 6, 2024
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we're going to go to capitol hill where fed chair j. powell is testifying. so let's take a listen in. >> other members of the committee. i appreciate the opportunity to present the federal reserve's monetary policy report the federal reserve remains squarely focused on our dual mandate to promote maximum employment and stable prices for the american people. the economy has made considerable progress toward these objectives over the past year. while inflation remains above the objective of 2%, it has eased substantially. as the marker tightened and progress has continued, the risks to achieving our employment and inflation goals have been moving at a better balance. even so, the committee remains attentive to inflation risks and is acutely aware of it especially on those least able to meet the higher cost of essentials like food, housing and transportation. we are committed to returning inflation to 2% objective. restoring price stability is essential to achieve a sustained period of stronger labor marker conditions and benefit all. i will review the current
we're going to go to capitol hill where fed chair j. powell is testifying. so let's take a listen in. >> other members of the committee. i appreciate the opportunity to present the federal reserve's monetary policy report the federal reserve remains squarely focused on our dual mandate to promote maximum employment and stable prices for the american people. the economy has made considerable progress toward these objectives over the past year. while inflation remains above the objective of...
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larry: all right, a side bar we're a business show j.ress, did the right thing, he said, okay. the economy is resill yip, oient, our inflation is above target and fed is not confident they have concurred inflation. and therefore they are not going to be in any rush to lower their target rate, which is still 5.25 to 5.5%, stock market did okay. bond rates have slipped. price of gold was stable. fed in no rush, i'll give hethem high marks, and fed governor high marks, and atlanta fed. also, go slow, fed there is no rush, don't have any election year juice, don't get political, meet your inflation targets in a couple of years we'll get this economy moving again. without inflation, because we go on the supply side. i'm kudlow we'll be back in a minute with my last word. he hits his mark —center stage—and is crushed by a baby grand piano. you're replacing me? customize and save with liberty bibberty. he doesn't even have a mustache. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ so... - we're engaged! - we're engaged! con
larry: all right, a side bar we're a business show j.ress, did the right thing, he said, okay. the economy is resill yip, oient, our inflation is above target and fed is not confident they have concurred inflation. and therefore they are not going to be in any rush to lower their target rate, which is still 5.25 to 5.5%, stock market did okay. bond rates have slipped. price of gold was stable. fed in no rush, i'll give hethem high marks, and fed governor high marks, and atlanta fed. also, go...
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Mar 13, 2024
03/24
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here is what j powell just said on february 4th, he was asked the question, inflation is one thing, prices are another and i wonder if there is a reason to believe people will see the prices of things decline. here is what the chairman said, so the prices of some things will decline, others will go up , we don't expect a decline in the overall price level. that does not tend to happen in economies except in very negative circumstances. he is talking about a recession. it would take a recession to get these prices down. >> we don't have to get the prices down. >> we don't? >> wages are going up. a metric that is worth knowing, that the median american household, worker -- >> let me stop you. you don't think we need to get these prices down? you don't think it is bad bacon is up 20%, chicken up 23.5%, coffee up 30%, gasoline is up for the 4%, new cars and trucks up 20% because people can afford -- that is used cars, because people can't afford a new car? they are up 24% under bidenomics , you don't think we need to get the prices down? >> wages are also up more -- >> not up 24%, not up 27%,
here is what j powell just said on february 4th, he was asked the question, inflation is one thing, prices are another and i wonder if there is a reason to believe people will see the prices of things decline. here is what the chairman said, so the prices of some things will decline, others will go up , we don't expect a decline in the overall price level. that does not tend to happen in economies except in very negative circumstances. he is talking about a recession. it would take a recession...
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dollar donation is impacting students, we have a college of medicine student to tell us about it, will jll talk would the billion dollar donation. it's day two of jay powell's testimony on capitol hill today, he'll speak on the senate financial committee, dan meuser is here to recap what he heard yesterday and look ahead to today. you're matching "mornings with maria" live on fox business. stay with us. (♪) (♪) (♪) (♪) i think he's having a midlife crisis i'm not. you got us t-mobile home internet lite. after a week of streaming they knocked us down... ...to dial up speeds. like from the 90s. great times. all i can do say is that my life is pre-- i like watching the puddles gather rain. -hey, your mom and i procreated to that song. oh, ew! i think you've said enough. why don't we just switch to xfinity like everyone else? then you would know what year it was. i know what year it is. maria: welcome back. president biden will be delivering the state of the union adress tonight at 9:00 a.m. eastern. katie brit will deliver the gop response. the white house put out this statement saying pres
dollar donation is impacting students, we have a college of medicine student to tell us about it, will jll talk would the billion dollar donation. it's day two of jay powell's testimony on capitol hill today, he'll speak on the senate financial committee, dan meuser is here to recap what he heard yesterday and look ahead to today. you're matching "mornings with maria" live on fox business. stay with us. (♪) (♪) (♪) (♪) i think he's having a midlife crisis i'm not. you got us...