Exploring Jay Powell's cautious stance based on data dependency, the Fed's apolitical decision-making process, and challenges faced in a bifurcated economy. The chapter delves into inflation targets, market reactions, Powell's background, and the importance of supporting different sectors through liquidity measures.
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Doug Ciocca, CEO at Kavar Capital, shares his thoughts on the Fed voting unanimously to leave benchmark rate unchanged in target range of 5.25%-5.5%, a two-decade high, for sixth straight meeting. Brad Dillman, Chief Economist at RPM Living, discusses the impact of Fed policy on home builders and the housing market. Chris Riccobono, Founder of Untuckit, talks about using AI to identify where to open new stores.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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