Fed's Miran: There is now more downside risk than a week ago

BESSENT: U.S. HAS LOTS OF LEVERS THAT IT CAN PULL ON CHINA TRADE BESSENT: WE DON'T WANT TO DECOUPLE FROM CHINA BESSENT: ONLY THING SLOWING U.S., TRUMP DOWN IS GOVERNMENT SHUTDOWN WE WILL BE ABLE TO MAKE PAYCHECKS FOR MILITARY PERSONNEL U.S. GOVERNMENT IS BEING HELD HOSTAGE BY SENATOR SCHUMER'S POLL NUMBETRS I'VE SEEN NUMBERS THAT SHUTDOWN IS HURTING ECONOMY BY $15 BILLION A DAY US Trsy Sec Bessent: Will Be A Group Response To Chine - Lower Level China Trade Person Li ‘Unhinged’ In Aug - China Trying To Backfill Narrative On Rare Earth Move - Chinese Were Planning To Erect New Barriers, We Don't Want To Escalate BESSENT: WE ARE WORKING ON A MEETING, PRESIDENT TRUMP IS A GO ON MEETING WITH XI BESSENT: TRUST BETWEEN TRUMP AND XI IS A REASON THAT THIS HASN'T ESCALATED BESSENT: TRUST BETWEEN TRUMP AND XI IS A REASON THAT THIS HASN'T ESCALATED

FED'S MIRAN SAYS EXPECT TO GET TO 2% INFLATION ON HEADLINE PCE IN ABOUT A YEAR AND A HALF FED'S MIRAN SAYS HOPEFUL TO HAVE THE NEEDED DATA IN HAND FOR THE OCTOBER MEETING, IF NOT WILL RELY ON OUTLOOK MIRAN: HAVE NOT HAD CONVERSATIONS ABOUT STAYING AT THE FED PAST JAN. 31 LISA COOK'S FIRING IS A QUESTION FOR LAWYERS MIRAN: DO NOT CARE THAT GOLD IS AT A RECORD Fed's Miran: I might argue that there is a geopolitical risk premium in the price of gold, but I don't see economic consequences to that.

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