Jay Powell at Jackson Hole: Fed Stuck Between a Rock and a Hard Place

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Chris Markowski decodes Jay Powell’s latest remarks from Jackson Hole and explains why the Federal Reserve is caught in a no-win situation. With youth unemployment rising, prices climbing, and Washington spending like there’s no tomorrow, the Fed’s softening tone may please Wall Street—but it won’t fix the deeper problems dragging down our economy.

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Decoding j Powell in the Fed. Everybody all eyes on Jackson,
whole Wyoming, Big FED meeting. Jay Powell comes out whoo
or off to the races. What did he say? I'll
tell you, I'm to code it very quickly. Economy's weaking.
It is most certainly weakening. We've been telling you that
for some time and again the Federal Reserve, with its

(00:39):
dual mandate, is worried about employment. Geez, who's been talking
about that very same thing here again? Youth unemployment rates
over ten percent at this point in time. There's this
thing called a rock and a hard place, and quite frankly,
that's where the Federal Reserve is at this point in time,

(01:01):
a rock in a hard place. Rather, I guess, rather
than continue to get beat up by Donald Trump, they
are going to do what he wants and they are
going to lower rates. And I'm gonna be honest with you,
I don't know if it's the right thing to do
or the wrong thing to do. Again, I don't play
the Fed.

Speaker 1 (01:18):
I don't.

Speaker 2 (01:19):
I'm not a trader, Okay. I build wealth. I collect
assets and I grow them over time. Great. Oh YEPPI kaye.
Market's up today big because the Fed looks like they
are softening. The doves are out.

Speaker 1 (01:33):
Great.

Speaker 2 (01:34):
Reality is, prices are not coming down. However, again, one
needs to understand that tariffs in of themselves, and I
explain this before, tariffs in themselves are not inflationary. Yeah,
prices are going to go up, but inflation is always
about monetary policy. And again, if we have to continue

(01:56):
to print more money, to continue to print more money,
to continue to pay for all our profitates spending, again,
the value of our money is going to drop. That's
what it's been doing. It's as plain as day. We
see it right in front of us all the time.
It shows up everywhere. So you know, again, our prices

(02:17):
are going to go up. They are going up across
the board. Companies are announcing, hey, yep, we're raising our prices.
We're raising our prices. We're doing this, We're doing that.
Got to deal with the tariffs, and that's going to
filter its way through. FED really can't do anything about tariffs,
can they? Now it was the same thing. We'll we're
talking about eggs and the Avian flu. When I was
joking around saying, oh, Jay Powell can't go around putting

(02:40):
masks on chickens. Maybe can hire Fauci to do that.
The reality of the situation is rock in a hard place.
Prices are going up, we continue to spend way much,
way too much money, way more than it's coming in,
and the economy is weakening at the same time. And
again he was very, very coy and how we put
that out there. Didn't want to again get Trump upset

(03:02):
because Trump keeps beating that drum that everything is awesome
when it comes to the economy when we know better.
Watchdog on Wall Street dot Com