A concerning press conference from the Fed Chairman | Metals Mine

  • A concerning press conference from the Fed Chairman

    From raymondjames.com

    We have seen a lack of conviction from the Federal Reserve (Fed) in previous opportunities (see our Weekly from March 22, 2024). Last year, during the first quarter, Fed members were spooked, as inflation numbers moved higher, changing their view on the path forward regarding interest rates. This time around, it was just the opposite. Inflation figures during the first two quarters of the year were much better than expected, with the disinflationary process continuing. However, Fed officials kept their expected path for interest rates during this year unchanged from what it was in March. But what concerned us the ... (full story)

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JH94
Jun 21, 2025 10:56am
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The manipulation and pressure exerted by the Executive Branch on the Federal Reserve closely resemble the nationalist populism seen in Argentina’s relationship with its Central Bank (BCRA). History and empirical evidence show that increasing tariff rates leads to higher product costs and triggers inflation—initially in a staggered manner, and if left unchecked, it eventually spirals out of control. These effects are not immediate; they take time to materialize. Signs will likely start to appear around July or August 2025. How much did this ‘opinion piece’—thinly veiled government propaganda—cost the U.S. administration?
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DwnUndrTrdr
Jun 21, 2025 6:45pm
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Well said. As I’ve stated elsewhere, Trump is becoming a sovereign risk. Two terms is the saviour as there is no one else aboard this ship of fools to carry an agenda. JD Vance is just a sycophantic opportunist whose history has more twists in it than a snakes travels in the desert’s sands.
Trader#DBED
Jun 22, 2025 2:46pm
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Agreed. He makes doubya look like a genius
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