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Apr 30, 2024
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nick timiraos. thanks for being here this morning. >> thanks for having me. maria: what are you expecting from jay powell today given we've seen three months of inflation staying elevated and worries that rate cuts may be off the table? >> yeah, that's right, maria. i think the big question at the press conference tomorrow will be how powell frames the inflation outlook. if you think back to the last meeting in march, the january inflation number had been hot. february hadn't been great. it hadn't been quite as bad as january. we didn't have the march number yet and at the time he said this is a bump on the road. we expected there to be bumps. the question is, is this a bump or something more? the march number wasn't terrible. it wasn't good either. i think the question for the fed is, is this still a bump on the road or is it something more and that's what we're going to find out i think from the chair. one outlook is we're still kind of on the bumpy path down. the other outcome is inflation is settling closer to 3% than 2% using the fed's preferred target a
nick timiraos. thanks for being here this morning. >> thanks for having me. maria: what are you expecting from jay powell today given we've seen three months of inflation staying elevated and worries that rate cuts may be off the table? >> yeah, that's right, maria. i think the big question at the press conference tomorrow will be how powell frames the inflation outlook. if you think back to the last meeting in march, the january inflation number had been hot. february hadn't been...
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also, the wall street journal's nick tomorrow's -- nick timiraos talks about the continuing rise of inflation and its impact on the economy. "washington journal" is next. host: this is the "washington journal" for april 16. a second round of jury selection for donald trump's hush money trial. several jurors were let go yesterday, saying they could not be impartial. house speaker mike johnson is set to reveal a package of bills for aid, a move already meeting resistance from some republicans. here's how you can comment on either or both of those topics. republicans, (202) 748-8001. democrats, (202) 748-8000. independents, (202) 748-8002. if you want to give your thoughts on either the former president's trial or efforts to find ukraine and israel and want to text us, you can do that at (202) 748-8003. you can post on facebook at facebook.com/cspan. or you can post on x, @cspanwj. from the bbc, kind of a round up of yesterday's events in new york considering the former president and his hush money trial. they report dozens of potential jurors have been ruled out of donald trump's unprecedented
also, the wall street journal's nick tomorrow's -- nick timiraos talks about the continuing rise of inflation and its impact on the economy. "washington journal" is next. host: this is the "washington journal" for april 16. a second round of jury selection for donald trump's hush money trial. several jurors were let go yesterday, saying they could not be impartial. house speaker mike johnson is set to reveal a package of bills for aid, a move already meeting resistance from...
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maria: and that was "the wall street journal"'s chief economics correspondent nick timiraos and what he's expecting from the fed. the employment cost index out in about 5 minutes' time. it's expected to be up 1. we'll see if that moves markets when it hits the happy. -- tape. futures indicating a decline on the final trading day of april. the dow down traction -- fractionally, down 12 points. the treasury yield on the 10-year trading up .4 of a basie e point, 4.61%. this on day one as the federal reserve kicks off a 32-day policy -- 2-day policy meeting today. we'll hear from jay powell tomorrow. investors anticipating the the decision tomorrow setting the taupe for potential rate cuts down the line but when and if, we're not sure. joining me now is piper sandler's chief global economist, nancy lazar. nancy, great to see you. >> good morning. maria: by the way, nick timiraos is out with a piece this morn if or,s -- morning, and the title is the fed will signal it has the stomach to keep rates high for longer. your expectations from the federal reserve in this 2-day meeting, today and
maria: and that was "the wall street journal"'s chief economics correspondent nick timiraos and what he's expecting from the fed. the employment cost index out in about 5 minutes' time. it's expected to be up 1. we'll see if that moves markets when it hits the happy. -- tape. futures indicating a decline on the final trading day of april. the dow down traction -- fractionally, down 12 points. the treasury yield on the 10-year trading up .4 of a basie e point, 4.61%. this on day one as...
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the "wall street journal" nick timiraos serves as the economics correspondent. thank you for your time. remember, on the house side today, aside from the efforts to fund ukraine and israel and other matters that you will see play out this week, expect also the house to deliver its impeachment articles over to the senate side considering the homeland security secretary alejandro mayorkas. follow that on c-span. when it gets to the senate side, be sure to stay close to c-span2, to see how the senate receives them, what they will do as far as the trial is concerned, and other matters related to that. as always, you can file along -- follow along on c-span.org and on our app, at c-span now, always available to you anytime you want to reference those things. the house of representatives is now coming into your we will take you to them. [captions copyright national cable satellite corp. 2024] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] the speaker pro tempore: the house will b
the "wall street journal" nick timiraos serves as the economics correspondent. thank you for your time. remember, on the house side today, aside from the efforts to fund ukraine and israel and other matters that you will see play out this week, expect also the house to deliver its impeachment articles over to the senate side considering the homeland security secretary alejandro mayorkas. follow that on c-span. when it gets to the senate side, be sure to stay close to c-span2, to see...
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earlier in the show i spoke with the wall street journal's chief economic c correspondent nick timiraos. what are you expecting from jay powell today given that we've seen three straight months of inflation staying elevated and worries that in fact rate cuts may be off the table? >> they'll simply take out the interest rate cuts expected this year or early next year. what that will do is it will raise interest rates across the treasury curve. that will tighten financial conditions. it's really the same effect that you would get from an interest rate increase. so i don't see a lot of appetite right now for most fed officials to raise interest rates. i think what it would take, maria, to put actual interest rate increases back on the table, you need to see evidence of wages reaccelerating, that would cause some alarm at the fed or inflation expectations rising. on those last two, wages reaccelerating, we're not seeing that yet but there will be an employment cost index report at 8:30 this morning and so that will be an important sign of whether wages continue to cool in line with what we'
earlier in the show i spoke with the wall street journal's chief economic c correspondent nick timiraos. what are you expecting from jay powell today given that we've seen three straight months of inflation staying elevated and worries that in fact rate cuts may be off the table? >> they'll simply take out the interest rate cuts expected this year or early next year. what that will do is it will raise interest rates across the treasury curve. that will tighten financial conditions. it's...
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also, the wall street journal's nick tomorrow's -- nick timiraos talks about the continuing rise of inflation and its impact on the economy. "washington journal" is next. host: this is the "washington journal" for april 16. a second round of jury selection
also, the wall street journal's nick tomorrow's -- nick timiraos talks about the continuing rise of inflation and its impact on the economy. "washington journal" is next. host: this is the "washington journal" for april 16. a second round of jury selection