Powell admitted that even though the markets are pricing in multiple rate cuts this year, Powell himself has no idea if the Fed will be cutting rates at all this year. The truth is the Fed should be hiking rates. Cutting rates instead would just compound the Fed's mistake.
— Peter Schiff (@PeterSchiff) May 7, 2025
Fed Chair Powell was asked if its appropriate for the Fed to cut rates AT ALL in 2025:
His response: "There are cases in which it would be appropriate to cut rates, there are cases where it wouldn't."
The Fed is NOT ruling out 0 interest rate cuts in 2025.
— The Kobeissi Letter (@KobeissiLetter) May 7, 2025
The more Powell talks the higher yields go on the 2 year.
He seems in no rush to cut rates anytime soon. pic.twitter.com/4nJk4gJjsR
— QE Infinity (@StealthQE4) May 7, 2025
JPOW ON IF WE SHOULD GET ANY RATE CUTS THIS YEAR:
"NOT SURE, WE WILL LOOK AT THE DATA"
the fact that he can't commit to a SINGLE cut this year…
Trump's gonna have a field day with that answer
— amit (@amitisinvesting) May 7, 2025
Powell basically is saying it’s not clear on what to do with rates.
The economy is hanging in there
— QE Infinity (@StealthQE4) May 7, 2025
NEW: Fed Chair Jerome Powell claims that households and business have a “sharp decline in sentiment and elevated uncertainty about the economic outlook, largely reflecting trade policy concerns.” pic.twitter.com/JuzUX33yDf
— Jacob King (@JacobKinge) May 7, 2025