makes me sound like i know what i m talking about. i go to you for financial chris: there you go. i think jarome powell has been clear, the fed s job is stability, but what he s saying that even with this quarter point cut 25 basis points. thank you, sir, that s supposed to come on september, he does not see that strong enough to counter the uncertainty that comes from trade war, high tariffs and impulsive tweets, he doesn t see it. so what he s saying is, mr. president, you have to deal with this, the president on the other hand is saying to jay powell, no, yours worst than the chinese, creates more uncertainty and hurts his cause and jay powell doesn t look as innocent and will play along with the president. chris: congress after a long recess is coming back this week and there is going to be a lot on their plate, what do you expect on congress on gun control after terrible mass
i think that jaram powell, he will do what he needs to do to help the economy but doesn t want to be bullied into it by the president. chris: pretty hard when the president keeps bullying. i think jarome powell has shown he s independent. i don t think negative interest rates aren t necessarily sign of economic strength as a country you don t necessarily want that. we are ways from negative interest rates, let me pick up on jay powell part, juan, despite signs of slowdown, jay powell there in that session this week reassuring that they re going to do what they need to do to keep the economy going and broadly hinting there will be at least another interest rate cut, talk of 25 basis points, quarter percent, not a full 1% or i love this. [laughter] i like talking i never understood why it has to be 100 basis points rather than 1%,
i think that jaram powell, he will do what he needs to do to help the economy but doesn t want to be bullied into it by the president. chris: pretty hard when the president keeps bullying. i think jarome powell has shown he s independent. i don t think negative interest rates aren t necessarily sign of economic strength as a country you don t necessarily want that. we are ways from negative interest rates, let me pick up on jay powell part, juan, despite signs of slowdown, jay powell there in that session this week reassuring that they re going to do what they need to do to keep the economy going and broadly hinting there will be at least another interest rate cut, talk of 25 basis points, quarter percent, not a full 1% or i love this. [laughter] i like talking i never understood why it has to be 100 basis points rather than 1%,
makes me sound like i know what i m talking about. i go to you for financial chris: there you go. i think jarome powell has been clear, the fed s job is stability, but what he s saying that even with this quarter point cut 25 basis points. thank you, sir, that s supposed to come on september, he does not see that strong enough to counter the uncertainty that comes from trade war, high tariffs and impulsive tweets, he doesn t see it. so what he s saying is, mr. president, you have to deal with this, the president on the other hand is saying to jay powell, no, yours worst than the chinese, creates more uncertainty and hurts his cause and jay powell doesn t look as innocent and will play along with the president. chris: congress after a long recess is coming back this week and there is going to be a lot on their plate, what do you expect on congress on gun control after terrible mass
hey, arthel, good afternoon to you, the u.s. and china are expected to resume trade talks face to face next month, but as you mentioned president trump is not waiting until then to weigh in, he had a tweet late last night that s been getting some attention, china enacted a plan with all the tariffs they are paying for u.s., billions and billions of dollars, they need it, in the meantime our federal reserve sits back and does nothing, the president more tariffs with china are expected to kick in next month, the president s top economic adviser spoke to reporters on friday but refused to speculate phone the count two countries are close to any sort of a deal. i m not here to predict outcomes, i m just going to say the kudlow better to talk than not to talk. the president repeatedly criticized jarome powell, he called the lower interest rates to boost economy, powell says the ongoing trade dispute with china is impacting the global economy. i think it is the case that uncertaint