Steve Liesman
CNBC senior economics reporter. Husband, father, journalist, guitarist and fly fisherman. (The Lies-man joke has been made. It’s not fresh. It’s my father’s father’s name, bastardized at Ellis Island. Move along.)
- Call me old-fashioned, but I think it’s inappropriate for the president to call the fed chair a fool, whatever he thinks of Fed policy. Note that all FOMC voters, including the 2 Trump nominees, approved of yesterday’s decision. 77% of respondents to the CNBC Fed Survey had agreed w/ no rate change.
- I think this quote from @jasonfurman.bsky.social does a good job of explaining why the Fed will remain on hold for at least a few months: “The best thing for the Fed over the next few months is to be behind the curve, because the alternative is to risk being ahead of the wrong curve”