Bloomberg Businessweek Fed Cuts Rates With Three Dissents, Projects One Cut in 2026
Dec 10, 2025
Steve Moore, co-founder of Unleash Prosperity and former economic advisor to Donald Trump, dives into the appropriateness of recent Fed cuts and inflation targets. Anurag Rana, a senior tech analyst, discusses Oracle and Adobe's quarterly earnings, highlighting AI's growing influence. Zach Wasserman, CFO of Huntington Bancshares, shares insights into the banking sector's response to Fed policies and the future landscape, including M&A and AI deployment. The conversation is packed with sharp economic analysis and industry forecasts!
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Fed Cuts While Weighing Dual Mandate Risks
- The Fed cut rates for a third straight time to 3.5%-3.75% while keeping the outlook for only one cut in 2026.
- Chair Jerome Powell said the Fed is balancing upside inflation risks against downside employment risks and is data dependent.
No Risk-Free Policy Path
- Powell emphasized there's no risk-free path and FOMC members differ in how they weight inflation versus employment.
- He said they're well positioned to wait for more data before deciding on further moves.
Near Neutral Limits Rate Impact
- Bloomberg's Ira Jersey noted the cuts were priced and the Fed now believes rates are near neutral.
- He warned lowering rates may not spur big lending or quickly change inflation dynamics because many homeowners hold low-rate mortgages.
