Instant Reaction: Jay Powell on Fed Policy

The podcast dives into Jay Powell's insights on a recent 25 basis point rate cut and its influence on markets. There's a keen focus on how upcoming elections might sway Federal Reserve policies. The hosts discuss the dynamic shifts in financial power since the pandemic, particularly asset transfers to corporate America. With an eye on rising yields, they highlight the manageable landscape for risk assets and dissect labor market trends, revealing the pivotal March 2025 timeline for potential policy changes.