Instant Reaction: Powell Defends 50 Point Rate Cut

Jay Powell, the Chair of the Federal Reserve, dives into the recent 50 basis point rate cut and its impact on the economy. He discusses how labor market data and unemployment rates influence monetary policy. The conversation also touches on unexpected effects on the bond market, highlighting the importance of caution. Powell advocates for rethinking traditional investment strategies in an uncertain inflation environment and shares insights on the Fed's decision-making process amidst the evolving economic landscape.