US NOV FLASH MANUF PMI 48.8 (FCST: 48.9); OCT 48.5

MNI:Largest Canada New Home Price Dip Since `09 Led By Toronto

CANADIAN OCT FLASH RETAIL SALES +0.7%, 4TH STRAIGHT INCREASE

MNI China Daily Summary: Friday, November 22

MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, EU Due Monday

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL NOV INDEX 71.8

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CEA Chair Bernstein To Take Questions From Reporters Shortly

US
USHomepagemarkets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

Chair of the White House Council of Economic Advisers, Jared Bernstein, is shortly due to take questions alongside Press Secretary Karine Jean-Pierre at the White House daily presser. LIVESTREAM

  • Bernstein said in an interview with CBS News yesterday that the Fed rate cut, paired with low unemployment, good job growth, and strong GDP growth is, "good news across the board."
  • Bernstein noted that the White House wants to see the 30-year fixed rate mortgage come down further, stressing that "lowering housing costs is absolutely key to the Biden-Harris administration agenda."
  • Bernstein also sought to get ahead of former President Donald Trump's claim that the cut is politically motivated by stating that Fed Chair Jerome Powell "is not a political actor."
118 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Chair of the White House Council of Economic Advisers, Jared Bernstein, is shortly due to take questions alongside Press Secretary Karine Jean-Pierre at the White House daily presser. LIVESTREAM

  • Bernstein said in an interview with CBS News yesterday that the Fed rate cut, paired with low unemployment, good job growth, and strong GDP growth is, "good news across the board."
  • Bernstein noted that the White House wants to see the 30-year fixed rate mortgage come down further, stressing that "lowering housing costs is absolutely key to the Biden-Harris administration agenda."
  • Bernstein also sought to get ahead of former President Donald Trump's claim that the cut is politically motivated by stating that Fed Chair Jerome Powell "is not a political actor."