Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
More Bad Jobs Data Puts Fed Doves In Charge
"Curtailed."
That's job creation among private sector employers in the US, and that's not my word.
“State Television” LOL. I’m forced to watch it when I go to the gym…gets my heart pumping more than the stair master.
For those of you who missed it here is the quote. ‘When asked what Bessent is seeking as he helps narrow President Donald Trump’s list of potential Federal Reserve chairs, Waller said he believes “they’re looking for somebody with merit, experience and a strong grasp of the job, and I think I fit that bill.” ‘
Sure feels like steering the economy is about as easy as steering a freighter through the fog by a rocky shore with no radar or compass. Somehow the nirvana we’ll achieve when AI fully blooms seems less likely when we can’t get timely and accurate information about the economy. Shame on Musk and his silicon valley ilk that they couldn’t speak truth to power after ingratiating themselves through extravagant gifts to the ruling family. Instead of DOGE going after the working class trying to keep our bureaucracy hitting on at least two cylinders, they could have focused their self proclaimed AI miracle processors on developing data feeds that are actually useful in critical economic decision making. It’s not too late to turn Trump’s Big Beautiful Ballroom into the White House AI nerve center. Pay Big Balls enough and you might be able to lure him to run it. One caveat, the Rose Garden (no idea what it’s called now) would have to become a skate park…and why not.
Is a cut really this much of a lock? I haven’t been keeping a scorecard of which fed member said what but that seems like a manic swing in odds