Philadelphia Fed President Patrick Harker said it is time for the US central bank to start cutting interest rates and emphasized the path down should be “methodical.” He spoke with Bloomberg’s Michael McKee, Tom Keene and Lisa Abramowicz from the sidelines of the Economic Policy Symposium in Jackson Hole, Wyoming.

Philadelphia Fed President Patrick Harker said it is time for the US central bank to start cutting interest rates and emphasized the path down should be “methodical.” He spoke with Bloomberg’s Michael McKee, Tom Keene and Lisa Abramowicz from the sidelines of the Economic Policy Symposium in Jackson Hole, Wyoming.

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Philadelphia Fed President Patrick Harker Talks Outlook for Rate Cuts

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e6b4cad1-b62e-4e34-a356-b1d5013ad2d5/transcript

Kathy Jones, Chief Fixed Income Strategist at the Schwab Center for Financial Research, joins Scarlet Fu on "Bloomberg Real Yield." US Treasuries sank and bond traders increased their bets on a Federal Reserve interest-rate hike by October to 50% as concern mounts that a protracted war in the Middle East could stoke global inflation.

Kathy Jones, Chief Fixed Income Strategist at the Schwab Center for Financial Research, joins Scarlet Fu on "Bloomberg Real Yield." US Treasuries sank and bond traders increased their bets on a Federal Reserve interest-rate hike by October to 50% as concern mounts that a protracted war in the Middle East could stoke global inflation.

Charles Schwab Chief Fixed Income Strategist Kathy Jones Talks Treasuries and Fed Interest Rates

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/229b6d04-8707-4a85-97f0-b4130132397a/transcript

President and CEO of Stew Leonard's, Steward Leonard Jr.,  joins "Bloomberg Intelligence" to talk about the impact of rising oil prices and the war in the Middle East on Stew Leonard's customers, as well as how Stew Leonard's is trying to help the consumer in the US economy.

President and CEO of Stew Leonard's, Steward Leonard Jr., &nbsp;joins "Bloomberg Intelligence" to talk about the impact of rising oil prices and the war in the Middle East on Stew Leonard's customers, as well as how Stew Leonard's is trying to help the consumer in the US economy.

President and CEO of Stew Leonard's, Steward Leonard Jr.,  Talks Consumer Spending and War Impact

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a89dc078-8c55-4dae-ad2b-b413012efac1/transcript

Democratic Senator Gary Peters of Michigan, ranking member of the Senate Homeland Security Committee, joined "Bloomberg Balance of Power" to express strong opposition to approving a proposed $200 billion increase in Pentagon funding at this time. He emphasized that the administration has not sought the required congressional authorization as mandated by the U.S. Constitution. Peters highlighted that the current Pentagon budget is approximately $1 trillion, suggesting there is sufficient funding already available. He criticized the lack of a clear strategic plan or defined objectives, particularly questioning why there has been no effective action to keep the Straits of Hormuz open. The senator also pointed to the economic impact of rising gasoline prices on Michigan families, noting prices near $4 per gallon and the broader negative effects on consumers. He urged the president to provide transparency and justification for the proposed spending, warning that increasing the national debt without a clear plan could exacerbate economic instability.

Democratic Senator Gary Peters of Michigan, ranking member of the Senate Homeland Security Committee, joined "Bloomberg Balance of Power" to express strong opposition to approving a proposed $200 billion increase in Pentagon funding at this time. He emphasized that the administration has not sought the required congressional authorization as mandated by the U.S. Constitution. Peters highlighted that the current Pentagon budget is approximately $1 trillion, suggesting there is sufficient funding already available. He criticized the lack of a clear strategic plan or defined objectives, particularly questioning why there has been no effective action to keep the Straits of Hormuz open. The senator also pointed to the economic impact of rising gasoline prices on Michigan families, noting prices near $4 per gallon and the broader negative effects on consumers. He urged the president to provide transparency and justification for the proposed spending, warning that increasing the national debt without a clear plan could exacerbate economic instability.

Democratic Senator Gary Peters of Michigan Talks Pentagon Funding, Rising Gas Prices

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/dfde7338-ba44-4109-bab2-b4120167c21f/transcript

Philadelphia Fed President Patrick Harker Talks Outlook for Rate Cuts

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