Fed under pressure on rates

Former Boston Fed President Eric Rosengren joins 'Squawk Box' to discuss whether Fed is under pressure for rate cuts following the weak jobs report, his expectations from the Fed, and more.

[LoriRish-]

The Fed's talk of interest rate cut leaves me pondering what stocks to buy now and when do I sell? I'm unsure how to properly allocate my money to achieve an optimal portfolio in this present economy, my goal is $3m for retirement.

[sidinhasol]

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[perryd]

For 6 months wallstreet has been acting like a rate cut will put us into a utopian society

[stevemelton]

I don’t know when a recession will come, but they always do. It’s the severity of the downturn that matters. The graph of the Fed interest rate hike and possible cuts looks identical to the 2008. No one has a crystal ball

[refham]

Fed : It's not a recession~ It's not~ It shouldn't be~~~~

[junserafin]

Inflation isnt under control. People are still absorbing inflation from 2021-4. How can they even think about cutting? They want to reignite inflation?😢

[santifoster]

These banks think they can muscle-down interest rates. By making the market tank for a Day

[Maxf]

Can rate cut really save the economy immediately given that rate hike took 2 years to save inflation?

[stephenbush]

No rate cuts!! Rate cuts are not in the best interests of the people. Rates are not too high where they are, prices are too high. Any cut now is WAY too soon. I believe rates should never fall below 5% in a properly managed economy, and never below inflation. Consumers and the economy need more than just a slowing of inflation. We need deflation to bring prices down to reasonable levels so all Americans can better participate in the economy, and we need these and higher rates to help retired people especially earn income without having to risk in the markets. Sustaining economic activity right now should not be the primary concern. We should stop rash moves to bail out the rich and do what is right for most of us long-term. We need a recession, and we need to let deflation do and finish its work. There is no good long-term reason to lower rates better than leaving them where they are. They are where they should be in a healthy economy. The economy is struggling at these "normal" rates because the economy is sick and grossly mismanaged. Lower rates mostly serve Wall Street and the rich. Lower rates generally won't help people buying a home because the home sellers will raise the price of the home in response to the lower rates. They will sell it for as much as they can trying to max out the payment that you can make! Lower rates won't benefit most Americans. Lower rates mean higher prices for everything bought on time immediately, and more inflation on everything else long-term. Housing and other big-ticket items like cars are too high already because of rates being way too low for too long and mostly only benefiting one out of ten people, and inflationary government spending. Prices need to come DOWN not go further up. We need a massive reset in the economy along with common sense policy and culture changes! We also need massive cuts on government spending and an end to wasting Americans dollar resources, and we need NO MORE BAILOUTS of poorly run companies. Bribes and collusion among government and the rich which is abusing America's dollar resources must be stopped. No more destructive uses of our resources and NO rates cuts. The markets and the economy need a major readjustment that only deflation and reduced spending can bring about! Inflation and a wildly over-spending government that has to then pay interest on the debt will destroy the dollar! Eventually inflation will rise above what interest the Fed can pay on its notes WITHOUT printing more money and then we will be finally heading into a crisis that will bring on severe poverty. Inflation and overspending are the real threats to our livelihoods. The Fed SHOULD NOT take its foot off the neck of inflation by lowering the rates. Rather than lowering rates the government should start lowering spending into a range it can support WITHOUT printing more money! If these steps are not taken SOON we are going to lose our prosperity. When the dollar finally plummets in that scenario there may be another currency that comes in and existing currencies would be merged into that new currency somehow. That won't be a positive, it will be a negative in terms of the principles America was founded on.

[willtwain]

BMI over 35, Kernen is fired up for a recession.

[VeraBrandt-lnpo]

From $37K to $65K that's the minimum range of profit return every month I think it's not a bad one for me, now I have enough to pay bills and take care of my family. ❤️

[davidthompson]

Not really. MMT is best understood if one references Ezra Pounds definition of the Soviet Union.

[RonLiving]

This guy has to be the most long winded interviewer EVER

[oltlvfm]

Chaotic monetary policy stems from the central bank’s attempts to manage economic variables while dealing with the fundamental issue of counterfeiting. The creation of new money without real value causes inflation and instability, making it difficult for central banks to stabilize the economy effectively.

Essentially, central banks are at the root of economic troubles due to their role in creating money without real value, leading to inflation and instability.