jakiro
He has already answered the question about dot plots.
Having just listened to the complete press conference, the most intriguing thing is not the interest rate cut itself, but some of Powell’s unexpected answers.
The first surprise: He was preparing to “change his shift.”Asked whether he would stay in office after his term expires, Powell did not evade, but said he “hopes that when the job is handed over, the economy will be in a really good state.”The subtext of this sentence is clear – he is already thinking about legacy.An outgoing Fed chairman has a completely different mentality than when he was in office.However,…maybe you can’t help yourself.
The second surprise: internal differences were brought to the fore.Powell made a rare admission that “this is a close contest and I can definitely defend either side.”Translation: The hawks and doves are quarreling, and he himself feels that both sides are justified.It shows that this voting may be a battle scene,
The third surprise: “laying down” on the housing issue.When a reporter asked about housing prices, Powell directly showed off: “Tools to address the housing shortage are not the Fed’s, and a 25 basis point rate cut will have little impact on affordability.”This is a true statement, but when it comes from the mouth of the Fed Chairman, it is almost equivalent to declaring that monetary policy is powerless against the housing crisis.
The most interesting sentence:“If tariffs are removed, inflation will return to 2% in minutes.” … Is this a message to the White House?Everyone who understands understands.
But anyway, this time it is indeed, pigeon.
Pension is stable.
