Fed Stands News Today

The Fed meeting and the jobs report were always destined to be financial market movers. The direction was the only question.

So its much bigger than anything weve seen before. >> bret: he was asked today, powell was, about the presidents comments and he said that we never take into political considerations. your thoughts on this battle and where the fed stands? >> this is the reaction i think we could have expected from the markets on this. the markets always want lower interest rates almost in every circumstance, and powells expression of general confidence in the future path of the economy did not seem to help, alth...

That explains a little green on your screen. we havent seen that in a long time. the fed is in an odd position. we have heard president trump be vocal against the chairman. they are basically dammed if they do and dammed if they dont. if they do raise rates, were going to hear concerns about higher borrowing costs and things that affect consumers, for example, yourself, myself, as variable rate mortgages going higher and auto loans going higher, credit card debt. every time we are borrowing, we ...

This he may not like obama care or his policies toward iran or afghanistan. there is an element, the residue that he speaks about. he is pretty eloquent in his long article. i dont see all that much controversy. >> the talking point that follows that is the drug stuff. the president was answering questions about legalizing marijuana. i want to read for you an excerpt. as has been well documented, i smoked pot as a kid and i voo y view it as a bad habit and a vice and not much different than the ...

Jim angle live is washington. this is man whose voice can move markets. what do we know where the fed stands? >> reporter: if only, jon, if only. they dont expect the fed to announce any major policy changes the fed previously said they plan to keep short-term interest rates near zero until mid 2013 until the economy improves. some would like to see the fed set benchmarks like announcement agrees not to raise interest rates until unemployment falls below a certain level like 7% or inflation exce...