Instant Reaction: Jerome Powell Defends 50 Point Rate Cut

The podcast dives into the Federal Reserve's bold 50-basis point rate cut and its ripple effects on equity markets like the S&P 500. It scrutinizes the balancing act of sustaining maximum employment while driving economic growth. The conversation shifts to the complexities of achieving the target inflation rate of 2%, amid the uncertainties in fiscal policies. Additionally, it challenges traditional investment strategies in today's volatile landscape, urging a rethink on the classic 60-40 portfolio approach.