Kristen Holm
👤 SpeakerAppearances Over Time
Podcast Appearances
That's not what President Trump wants to see, is it?
The PCE, that picked up a little bit.
That's not a great sign, is it?
Good.
I got to go to this New York Fed study.
This is about.
Oh, yes, sir.
You know where I'm going here.
The study said 86 percent of the tariff burden falls on American businesses and American consumers.
Eighty six percent falls on us.
You say the economists who came up with the study should be disciplined.
What's your issue with the study?
I mean, I'm skeptical, too, because you had a close to 5% number just a few months ago, and now you're talking about 1.4%.
You know, markets are on the move.
The Dow is down 115.
But if you have a slower economy and you have...
Wouldn't that indicate that the Fed would want to lower interest rates, although the PCE being hotter than expected, perhaps it changes the Fed's directory.
What does this say to the Fed in terms of rate cuts, Jason?
Right, and that's something Scott Besant has.
Neal Katyal joining us.