Trump has reduced the tariff on goods from the Philippines from 20% to 19%. This also means that while the tariffs are "negotiable," the scope may not be very high.
Besant: Calls for the Fed to conduct an internal review, with no signs that Powell should resign now. His term ends in May, and if Powell wants to, he should stick it out. If Powell wants to leave early, he should do so, but there is currently no reason for Powell to resign.
Former Pimco CEO Mohamed El-Erian called for Fed Chairman Powell to resign to maintain the independence of the Fed. He believes that Powell's departure could prevent President Trump from attacking the Fed and reassure the markets with a new chairman.
Bessent: Tariffs are bringing manufacturing back to the United States, and Trump is demanding that factory permits be completed within a month. Negotiations with China on tariff issues will take place on Monday and Tuesday, and a delay agreement is likely to be reached. If we can increase manufacturing while China increases consumption, it will be a home run.
JPMorgan tests TSL robot taxis in Austin JPMorgan conducted all-day testing of TSL Bots taxis in Austin, stating that they are "robust" and "safe." They also mentioned that future success will depend on traffic and safety data, believing that Bots taxis could enhance the pricing power of new car sales.
The Bank of Japan may keep the Benchmark Interest Rate unchanged next week, as it observes the impact of trade negotiations before raising rates. It is said that the Bank of Japan believes there is an upside risk to prices if there is large-scale fiscal easing.
Goolsbee of the Fed: Any factors that make it more difficult for us to assess whether we are on the path to the 2% inflation target will extend the timeline for interest rate cuts.
Yellen: I do not communicate with Secretary Becerra. He has overturned all the work I did at the Treasury. Bessent: "Apart from drinking beer and eating mushrooms, I can't even say what Secretary Yellen's China policy is."
Fed's Goolsbee: I'm a bit wary because the latest CPI data shows that tariffs have driven up goods inflation. Interest rates may drop significantly in the coming year.