Having been accused of being “stupid” and “too late”, Fed Chair Powell’s decision to hold rates (not cut as Trump is demanding), will likely prompt more abuse from The White House, especially as US macro data is significantly weakening.
And despite all the tariff derangement anxiety, the worse they expect is PCE at 3.1% this year before fading back next year…
In fact, Powell may have to explain why he cut rates by 50bps the last time the US Macro Surprise Index was this weak…
Source: Bloomberg
What’s different this time?
As Trump said:Â “I guess he’s a political guy…”
Let’s see if the reporters in the room are brave enough to ask.
Watch the press conference live here (due to start at 1430ET):
Tyler Durden
Wed, 06/18/2025 – 14:25
Click this link for the original source of this article.
Author: Tyler Durden
This content is courtesy of, and owned and copyrighted by, https://zerohedge.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.
