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Reposted by Steve Liesman

Matt Busch @mattbusch28.bsky.social · 2h

Happy Birthday Bobby. We sure miss do miss you so much down here.

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Reposted by Steve Liesman

Brian F Campbell @brianfcampbell2.bsky.social · 17h

Here is a screenshot of an X post from Erin Banco of Reuters at 4:15 PM PDT today regarding this Starshield reporting:

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Steve Liesman @steveliesman.bsky.social · 15/10/2026

A CNBC survey finds that economists expect a higher PCE inflation number than what the Fed faced when it hiked last month. So, looks like more work for Warsh & Co. to do... But when? www.cnbc.com/2026/10/15/p...

cnbc.com

Economists: Hot PPI shows Fed's work is not done

'We see real risks the Fed will deliver another rate hike in two weeks' time,' one Fedwatcher warns

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Steve Liesman @steveliesman.bsky.social · 01/10/2026

I doubt much of those increases are having much of an effect yet. The increase in yields only happened in Feb and loans roll over at different times, businesses usually set their capital spending annually.Adding 132bps to the 10 year will matter, especially if it sticks around.

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Steve Liesman @steveliesman.bsky.social · 01/10/2026

The reason fed interest rate hikes hit the economy with long and variable lags is because it takes time for the overnight rate to affect long-term rates and for those rates to affect the economy. It seems early to say the economy has been remarkably resilient in the face of higher yields.

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Steve Liesman @steveliesman.bsky.social · 30/09/2026

Well stream this interview live on cnbc as well.

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Steve Liesman @steveliesman.bsky.social · 29/09/2026

it doesn’t replace testing the plane and the parts and simulations and keeping the passengers off till it’s certified. Anyway, if ai crashes the economy, the human race or the planet, it’s too late to bring a liability claim.

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Steve Liesman @steveliesman.bsky.social · 29/09/2026

Imagine if we regulated aircraft the way it’s proposed we regulate AI: thru the apparent restraint of liability. Fly the planes. If it falls out of the sky, we’ll fix it. And the manufacturers will be motivated to make good planes by fear of liability cases. Sure, it plays a part but

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Steve Liesman @steveliesman.bsky.social · 22/09/2026

Enormously proud of my son Johnny Liesman who, at 26, has his first book deal. I told him not to go into journalism and that should tell you right there just how smart dad is.

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Steve Liesman @steveliesman.bsky.social · 22/09/2026

Worth remembering that Treasury Secretary Scott Bessent declined to accredit three news organizations to the G20 meeting because he was angry about their reporting. This is part of a long-running pattern.

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Steve Liesman @steveliesman.bsky.social · 22/09/2026

Would just like to be clear in banning journalists the President is attacking journalism. It’s not the individual news organizations or reporters who matter. It’s the ability to report on the government how ever they see fit without retribution from the government.

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Steve Liesman @steveliesman.bsky.social · 21/09/2026

I made a couple badges of honor for my banned colleagues. They should wear them with pride.

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Steve Liesman @steveliesman.bsky.social · 14/09/2026

It’s amazing to me how Mayor Larry Vaughn from Jaws keeps returning in real life. “The beaches are open, and people are having a wonderful time. ‘Amity,’ as you know, means ‘friendship.’ www.wsj.com/tech/ai/trum...

wsj.com

Trump Says AI Doesn’t Need More Guardrails and Calls Safety Fears a Hoax

The president alleges that a conspiracy is undermining support for AI and data centers, amid fierce public debate about the technology’s risks.

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Steve Liesman @steveliesman.bsky.social · 05/09/2026

But it’s serious because the president crosses a new line by blackmailing the Fed, however stupid his calculus might be.

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Steve Liesman @steveliesman.bsky.social · 05/09/2026

Non sequitur because the fed doesn’t (or shouldn’t) care who the admin cuts trade with. That’s not a reason to cut rates. And the countries he’s punishing can’t pressure the fed to cut. It’s like “Clean your room or I’ll hit the neighbor’s cat.”

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Steve Liesman @steveliesman.bsky.social · 05/09/2026

The president’s threat to halt trade with countries with which we have a trade deficit is self-defeating, stupid, and a non sequitur. But it’s also serious. Self defeating because countries with trade deficits recycle dollars into treasuries and reduce US interest rates.

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Steve Liesman @steveliesman.bsky.social · 04/09/2026

In the parallel universe of right wing conspiracies, firing a promoter of a debunked conspiracy is further evidence of the conspiracy itself.

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Steve Liesman @steveliesman.bsky.social · 02/09/2026

Congestion pricing helps save lives.

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Steve Liesman @steveliesman.bsky.social · 28/08/2026

And now we see the problem: tough talk from Warsh strengthens dollar. Weakens yen. Moves other way from what treas wants. So fed/treas now at cross purposes.

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Steve Liesman @steveliesman.bsky.social · 28/08/2026

FWIW, I can see after the speech how this new Warsh communication regime can work for markets. He provides functions but not reaction, giving market enough info to create probabilities around possible reactions but promising nothing and getting a clearer signal on market probabilities.

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Steve Liesman @steveliesman.bsky.social · 28/08/2026

For the first time, fed chairman kevin warsh provided his functions, but continued not to provide his reactions. So he seems to have met his critics halfway.

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Steve Liesman @steveliesman.bsky.social · 27/08/2026

Someone in the White House spent time today preparing an eo to rename Lake Ontario. The president spent time signing it. In economic terms, was the opportunity cost negative because they could have been doing something more important? Or positive, because they didn’t do something even dumber?

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Steve Liesman @steveliesman.bsky.social · 26/08/2026

The fed could look thru tariffs as a one-off rise in the price level if they were one-off. Instead, they seem like they are daily. Might be six months or a year till we can measure the change to the 338 tariffs from ieepa. The new Canada tariffs may not later that much. Until they are raised again

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Reposted by Steve Liesman

Matt Peterson @mattpeterson.bsky.social · 19/08/2026

Today's treasury buyback move wasn't huge in itself, but it's part of a clear pattern of Bessent intervening to tamp down yields. That is creating a fair amount of market risk for the Treasury, and putting even more pressure on the Fed. With @steveliesman.bsky.social www.cnbc.com/2026/08/19/b...

While the buybacks aren’t large compared to the total amount of debt outstanding, many in the markets interpreted the Treasury’s new repurchase plan as a potent symbol of a long-standing effort by Bessent to bring down the yield on the 10-year Treasury and other maturities.

But doing so risks accelerating inflation while making the cost of financing the $32.2 trillion in debt held by the public more sensitive to potential interest-rate increases, bond traders and economists said. And it puts pressure on the independent Fed to back administration policies.

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Steve Liesman @steveliesman.bsky.social · 05/08/2026

... especially when you can argue Warsh needs to show independence from the administration. 3. But most important, I hope this is not an early sign of the migration of the toxic relationship between the press corps and the White House over to the Fed.

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Steve Liesman @steveliesman.bsky.social · 05/08/2026

Regarding Treas. Secty's attack on @nicktimiraos.bsky.social: 1. Nick is no stenographer. One of the smartest guys in the room. Wish he were. Would make my life easier. 2. I know Kevin Warsh for a lot of years and pretty sure he doesn't need any help from Treasury managing his press. 1/2

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Steve Liesman @steveliesman.bsky.social · 30/07/2026

Feroli concluded: “Both of these points raise questions about the new chair’s credibility in delivering lower inflation.” Mark Spindel, Potomac River Fund: “The reaction of the long end, of inflation-expectations, of gold all during the presser reveals a market questioning the chairman’s resolve.”

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Steve Liesman @steveliesman.bsky.social · 30/07/2026

Can’t recall reading such brutal commentary of a fed chairman as the street is laying on Warsh today. JPM’s Feroli: he “…once again failed to specify how he intended to achieve his stridently asserted inflation resolve” and failed to support pce as the target in the medium term.

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Steve Liesman @steveliesman.bsky.social · 28/07/2026

Asked by @carlquintanilla.bsky.social on @squawkstreet.bsky.social this morning how the Fed might rollback press conferences by the chair, I said, I don't know. In my 30 years of covering the Fed, I've only reported on increases in transparency. Not sure how they would announce a rollback.

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Steve Liesman @steveliesman.bsky.social · 22/07/2026

And the precedent is such that future admins will feel more free to walk away from his deals. //

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Steve Liesman @steveliesman.bsky.social · 22/07/2026

One example: generally, democracies have enjoyed lower interest rates than monarchies due to their track record of defaulting on debts and debasing their currencies. Anyone making a deal with the Trump admin now has to charge more due to the possibility of default by fiat. 3/4

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Steve Liesman @steveliesman.bsky.social · 22/07/2026

..deal with Iran, the other side in the negotiation now has to price in default risk from the Trump admin or the next one. Such agreements are supposed to be with the US government. Not with the administration in power.2/4

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Steve Liesman @steveliesman.bsky.social · 22/07/2026

Markets don’t a have a problem pricing in default risk. They just charge more for it. This is why all the deals President Trump strikes (and his successors) will be more expensive than they otherwise would be. When the president walks away from his own trade deal with Canada or rips up Obama’s…1/4

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Steve Liesman @steveliesman.bsky.social · 17/07/2026

Moreso, if that info is to be sold, which it shouldn’t because it is a public good, his Truth Social company should not have any special right to sell it. Just like we sell mineral rights on public lands, the buyer should be determined thru a competitive process. But early access shouldn’t be sold.

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Steve Liesman @steveliesman.bsky.social · 17/07/2026

Pres Trump’s plan to charge for early access to his pronouncements on his truth social company should be illegal. The information he releases is not his personal property. It belongs to the people. He has no right to sell and profit from it.

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Steve Liesman @steveliesman.bsky.social · 14/07/2026

If you’re going to bring about price ability, how are you gonna do that? And are rates accommodative, neutral, restrictive?

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Steve Liesman @steveliesman.bsky.social · 14/07/2026

The question for tomorrow’s Warsh hearing is whether Senators let him get away with saying nothing about his outlook for monetary policy. Is it enough for him just to repeat his commitment to the mandate? Will somebody make him respond to the question,

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