Powell is now a very political Fed, as when asked why does he only talk about the negative, potential of job losses and increased inflation from tariffs, and and absolutely NOT about possiblity of actual deals by the US Administration which would be positive for job growth and possibly also further declines in inflation. 🤔 Because he and a number of his governors have become political unfortunately and it is going to diminish their former statue. UK Fed likely going to lower interest rates this morning to 4.25% due to disinflation.
Powell in his Qs/As said that US inflation was doing better, but said it is still "somewhat above 2%". Huh? like 0.5% above 2% while current U.S. Federal Funds Rate target range is 4.25% to 4.5%. Should come down to at least 4% and then maybe towards 3.5 to 3.75% imo by end of this year. US also has a LOT of debt to finance too, and keep rates artificially higher will hurt US bonds.
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