JP Speech (Patreon)
Published:
2025-06-02 20:25:29
Imported:
2026-06
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Content
TLDR
People wanted to hear 2 things
1) rate cuts
2) resignation
we heard neither.
Details:
Powell did not address anticipated rate cuts, despite market speculation, as the federal funds rate remains at 4.25% to 4.50%, unchanged since the May 2025 FOMC meeting
He also made no mention of resigning, countering recent rumors circulating among investors
What he did say that was imp is this - The Fed is reevaluating its approach to jobs and inflation, with Powell noting in May 2025 that the strategy around low unemployment as an inflation risk needs rethinking. CODE FOR their way of measuring stuff is all wrong.
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