Hurry Up and Wait: Fed Still Holding Out on Rate Cuts

Episode Transcript

Speaker 1 (00:00):
The Federal Reserve Chair Jerome Powell, says he still needs

(00:02):
to see more data on inflation before deciding whether to
lower interest rates. While President Trump blasts Powell for holding out,
financial analyst Richard Rosso says Powell is being ultra cautious.

Speaker 2 (00:12):
What Powell is telling us is he would have been
doing it already if it were for tasks. She's afraid
of some inflation boogeyman that may not show up.

Speaker 1 (00:21):
He notes that Powell lowered rates last year when inflation
was much higher than it is now. Still, the markets
believe there will be a rate cut by September. Corey Jolson,
who's Radio seven forty ktrh