Treasury Secretary Yellen told me Monday she doesn’t see the basis for a recession and believes inflation will fall to the Fed’s 2% target by next year. tinyurl.com/k83brnee

FDIC Chair nominee Goldsmith Romero on Basel 3 during her confirmation hearing—said she supports a reproposal but needs to get in & see changes. She’s not in a rush, wants to get it right & look at unintended consequences. Doesn’t see need to recuse herself frm a vote on Basel

Coming up at 10 am ET on Yahoo Finance LIVE I'll speak with Chicago Fed President Austan Goolsbee!

Chicago Fed president Austan Goolsbee signaled in an interview with me that the central bank is closer to cutting interest rates and warned that it risks a recession if officials wait too long to ease monetary policy. WATCH: tinyurl.com/56nwuu3x

Spot ether ETFs made their trading debut today. Jennifer Schonberger on what investors need to know:

The Federal Reserve has kicked off its two-day policy meeting. It's widely expected to hold interest rates steady but open the door to an interest rate cut in September if inflation data continues to show progress. Jennifer Schonberger on what to watch for:

Happy Fed Day! What do you want to hear from Chair Powell?

Wall Street is expecting the Fed to hold rates steady this afternoon. Jennifer Schonberger discusses:

The Federal Reserve holds rates steady in the range of 5.25% to 5.50%, stressing that officials see progress towards their inflation goal and hinting that they are drawing nearer to a rate cut. Jennifer Schonberger reports:

Fed Chair Powell told me there's a growing consensus on the committee that officials will move to cut rates in September

Labor Sec Julie Su told me she doesn’t think Friday’s jobs report augers for a sharper downturn in the labor mkt,“we look at not just 1 month, but trends & the 3 month average is 170k & is cont’d strong job growth...other indicators r also strong, they don't indicate a recession”

.Jennifer Schonberger on what to expect from the Fed's Jackson Hole symposium:

Little behind the scenes look here at Jackson Hole :)

Philly Fed President Patrick harker telling me the Fed could start w 25bp cut next month, but then the path will depend on the economy. A weakening jobs market would cause the Fed to slash bigger and faster.

Prof Alan Blinder tells me he thinks the Fed is a bit behind the curve

Fmr Cleveland Fed Pres Loretta Mester told me she thinks the Fed should go 25bp and as many as 3x this fall; doesn't think the Fed is behind the curve.

"A recession is not in my outlook and it hasn't been in my outlook for a long time," Atlanta Fed President Raphael Bostic tells Jennifer Schonberger at Jackson Hole.

"We're seeing an economy that's settling into normal rates of growth" White House Council of Economic Advisers chair Jared Bernstein tells Jennifer Schonberger at Jackson Hole about recent weakening in the labor market and the consumer.

.@IMF chief economist Pierre-Olivier Gourinchas told me @ Jackson Hole the IMF now expects more than 1 rate cut this yr in the US given cooling job growth. Said he's also seen global growth cooling in some places since July outlook. WATCH ths excellent ivw tinyurl.com/bhe7khsr

"This is a continued sign of ... steady and stable job growth," Acting Secretary Julie Su tells Jennifer Schonberger on the August jobs report. "The unemployment rate still remains the lowest for the longest stretch it's been in decades. This is the sign of an economy that is very, very strong."