From jackson hole. At 8 30, we get u. S. Weekly initial jobless claims. Then july existing home sales. Attention is raised join us to set the stage is matthew boesler. Janet yellen says it she is going to talk about Financial Stability. What does that mean . Matt im looking forward to what she has to say on this topic. We got a wide range of views on Financial Stability in the latest minutes of the july fomc meeting. The Financial System is so much stronger now than it was in previous expansions. We shouldnt have to worry as much about the Financial Stability because the fed has been doing its job on a regulatory front. Theres one participant in the stressed raisingmade rates gradually would be the best way to strike a balance between maintaining Financial Stability and its inflation and employment goals. Its not clear yet what is the consensus about using Interest Rates to address Financial Stability concerns or not. David that is one of the questions if you take Interest Rates and Ba
Until we get validation that inflation is coming down. It is not a matter of if there is a recession, it is when and how much. Announcer this is bloomberg surveillance with jonathan ferro, tom keene and lisa abramowicz. A most unusual tuesday, the market on the move that it is a tuesday of international relations. In two hours plus, the speaker of the house is scheduled to land in taiwan. People looking at flight radar of the trip from singapore through the philippines to taiwan. Jonathan local reports indicating touchdown, something about 10 20. We are all trying to work out how china is going to respond to this. We talked about how china had 35 food exporters. Youre going to see more of that and something more direct, specific cap United States. Tom and maybe even Something Like canceled plans of a bidenxi meeting . Maybe even september. You really wonder of the upset and the ramifications of this for Global Finance and wall street. Jonathan weve been talking about tariffs moments ag