We believe that there are several guardrails in place that considerably limit the extent of presidential influence over monetary policy decisions.
We analyze Federal Reserve Chair Jay Powell’s comments about the potential for rate cuts in September and beyond.
Despite a seemingly Hawkish stance, a closer look suggests the Fed’s conservative inflation estimates could lead to more rate cuts than anticipated.
We saw a dovish slant to Powell’s remarks at yesterday’s press conference, with no rate hikes in sight.
