#powell
The Fed Cuts – QE is Back
The Federal Reserve concluded its last meeting of 2025 and as expected, lowered the fed funds rate by 25bp (.25%). In an increasingly more common event there was dissent. For years, any Fed Governor dissenting was unusual. Any arguments were held behind closed doors while the committee presented a unified face to the public. Today’s … Read more
The 2% Target Has Been Abandoned
Overview: The Federal Reserve concluded its October meeting and as expected, lowered the fed funds rate by 25bp (.25%). The market celebrated…until Chairman Powell said that the Fed hadn’t decided to cut another 25bp in December. This caused the market to fall, but I’m not sure under what circumstances he would have said the decision … Read more
Federal Reserve – As Expected
The Fed press release just came out. I’m getting you my quick bullet points now. Powell press conference in 15 minutes. I’ll update if he says anything that changes my conclusions. – Fed lowers 25bp (.25%) as expected. This is what the market and DKI thought would happen. – There was one dissent. Miran, the … Read more
Powell vs Trump – Both Are Right and Wrong
Yesterday, the Federal Reserve “paused” keeping the fed funds rate unchanged. President Trump has been critical of Chairman Powell in public. Chairman Powell has refused to answer questions about President Trump, but is intentionally initiating conflict. I think both men have good and bad points on this topic so let’s dive in to all four … Read more
Federal Reserve Cuts by 25bp
The Federal Reserve just completed its final meeting of the year and as expected, cut the fed funds rate by 25bp (.25%) to 4.25% – 4.50%. This completes the last cut of the year with a total of 100bp (1%) of cuts for 2024. The release commented on elevated inflation, expanding economic activity, and an … Read more
Federal Reserve Meeting Commentary
The Federal Reserve completed its July meeting today. As usual, they put out a press release and Chairman Powell had a press conference. A few bullet points to understand the situation: – The Fed kept rates unchanged for now. This was expected. – The language surrounding employment gains, the unemployment rate, and inflation was softened … Read more