2min chapter

Forward Guidance cover image

Jim Bianco on Fed Chair Powell's Reluctance To Discipline The Bulls (February 2023 FOMC)

Forward Guidance

CHAPTER

Is the Fed Really Going to Cut Interest Rates?

Jim Cevallos: The Fed is looking at inflation as first, second, third and fourth. He says that's the way Powell looks at it right now; he doesn't worry about 57% of Americans who don't have $1,000 to spend on stocks. And if I have to make Scaramucci's life miserable, I'll make Scaramuccis' life miserable along the way,Cevallos says. "I kind of have my doubts as to whether or not the data is actually going to turn bad at that point"

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