Instant Reaction: Jay Powell on Fed Policy

Jay Powell, Chairman of the Federal Reserve, discusses key insights following the Fed's latest policy decision. He shares thoughts on a 25 basis point interest rate reduction and its immediate effects on equity markets, including gains in the S&P 500 and Nasdaq. The conversation shifts to the implications of upcoming elections on economic policies and forecasts. Powell also addresses rising inflation trends, particularly in housing, and their impact on market dynamics, emphasizing the need for adaptable investment strategies in an evolving economic landscape.