Economist Mohamed El-Erian says Jerome Powell "hasn't looked forward enough" on interest rates | Metals Mine

  • Economist Mohamed El-Erian says Jerome Powell "hasn't looked forward enough" on interest rates

    From youtube.com/facethenation

    Federal Reserve chair Jerome Powell signaled Friday that he could cut interest rates soon, which comes after months of pressure from the Trump administration. Allianz chief economic adviser Mohamed El-Erian tells "Face the Nation with Margaret Brennan" that many economists think Powell should cut rates earlier as well, saying that he believes that Powell "hasn't looked forward enough" on interest rates and that the Fed chair has "been very data dependent. And therefore, he has tended to be late."
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axecap
Aug 25, 2025 2:07am
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Quoting NotAtrader
3,5 years from now things will change back to normal.
Im not so sure. When politicians gain new revenue streams and new powers even the "good" ones are loathe to give it up.
This might be the new normal to a greater or lesser extent
NotAtrader
Aug 25, 2025 2:31am — Edited
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Quoting axecap
{quote} Im not so sure. When politicians gain new revenue streams and new powers even the "good" ones are loathe to give it up. This might be the new normal to a greater or lesser extent
For the sake of freedom of speech and democracy I hope you are wrong.
Reply
axecap
Aug 25, 2025 4:00am
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Quoting TableTop
{quote} You see this with all forms of money-innovation. Coin cutting (illegal) became minted (legal) money, with a bit less gold/silver in it. Politicians have to adapt and were starting to see democrats willing to get dirty.
“Power corrupts, and absolute power corrupts absolutely.”
NotAtrader
Aug 25, 2025 9:41am
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Quoting Trader#EB36
{quote} Swet dreams! You've fallen prey to the Trump propaganda. Woke only exists in and is made up by the populist world and their troubled narrative, to which Trump belongs. However, I'm also not sure that things will improve after Trump's departure in 3,5 years, because Trump, without any substantive knowledge, has created a new normal in politics and how people interact with each other with his insane policies and troubled worldview.That being said, I hope for healthy and better politics and the way people interact with each other all over the...
I wish I could like this post more than one time which is obviously impossible on this platform.
Anyways:
Reply
NotAtrader
Aug 25, 2025 1:46am
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The Trump factor is merciless. Hold on folks, hold on. 3,5 years from now things will change back to normal.
Reply
Urobaer
Aug 25, 2025 7:09am
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Quoting NotAtrader
{quote} For the sake of freedom of speech and democracy I hope you are wrong.
Inserted Video


Zooming out and understanding how and why things will no longer be the same - for the WHY things have turned as predicted in 2016 by ABN AMRO, look at the bank's report.
Everything else, is shallow news-driven news-porn for retail.
Reply
Trader#833D
Aug 25, 2025 7:21am
Permalink
Quoting NotAtrader
The Trump factor is merciless. Hold on folks, hold on. 3,5 years from now things will change back to normal.
You are clueless. Every since Trump became president, things are doing better in USA. What he said he is going to do, he is doing it. However, you being a leftist liberal, who is indoctrinated by woke culture, that is your own issue, and hopefully you will get out of that insanity soon. Conservative America is the way to go.
Reply
NotAtrader
Aug 25, 2025 9:34am — Edited
Permalink
Quoting Trader#833D
{quote} You are clueless. Every since Trump became president, things are doing better in USA. What he said he is going to do, he is doing it. However, you being a leftist liberal, who is indoctrinated by woke culture, that is your own issue, and hopefully you will get out of that insanity soon. Conservative America is the way to go.
Wow you again ! Long time no see. Before calling me clueless, you could at least care to check the facts. I actually don't care about what you think and do, but here is a favor to you from me. You can verify the facts at economist.com and then have a honest conversation with yourself and find a way to prevent embarrassing yourself so painfully.
Here you are: You can see (if you can):
1: Trump approval is going down constantly and unstoppable.
2: I hope you have enough IQ to read and understand these charts, where you can see the economy falling constantly since Trump took office. And worth to mention that the largest growth was registered under Biden (which is not important now). The point in this conversation is that you have not a clue whatsoever what you are talking about as you only are obsessed by the idea to find someone to insult and to quarrel with. As I told you in a previous response, I am not interested in you bullshits. I just give you a hint - try not to embarrass yourself publicly so badly. Think and check facts before you post. Bye bye: This is the last you here from me.
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axecap
Aug 25, 2025 3:11am
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Quoting ZforexCM
Powell - Jackson Hole Fed Chair Jerome Powell indicated at the Jackson Hole Symposium that a September rate cut is a strong possibility. His remarks pushed the dollar index lower, which opened the week trading at 97.77. - September rate cut likely (75% priced in) - ..
Fedwatch has September cut at 87% priced. Next data could take it to 98% or 58%
fx6996
Aug 25, 2025 9:23am
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Quoting Polimini
imagine anyone saying you shouldn't rely on data. I wonder if he looks at his own bank statement or just ignores it and spends based on forward vision and feelings.
It is called VISION - something you obviously lack
Reply
Schultz
Aug 25, 2025 6:43am
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Quoting Polimini
imagine anyone saying you shouldn't rely on data. I wonder if he looks at his own bank statement or just ignores it and spends based on forward vision and feelings.
That struck me too as being an utterly absurd comment from someone who dares call himself an economist.

...he believes that Powell "hasn't looked forward enough" on interest rates and that the Fed chair has "been very data dependent. And therefore, he has tended to be late."

There is no "therefore". It does not logically exist from anything that he said. There is no "late". That can only be said with about 12 months hindsight.

I'm no fan of central banks, but in this instance, Mr Powell has acted perfectly prudently and conservatively exactly because he (and the majority of the others) have been very data dependent.
Reply
Blessed-man
Aug 25, 2025 4:12am
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Sometimes the market seems to forget that Powell does not have VETO vote.

In the UK, Rate was reduced and GBP ended up rallying over 250 pips because of the voting pattern.

With rate cut priced in, the voting and future cuts could have significant impact, a 0.5% (highly unlikely) will be USD negative, but a mere 0.25% with added information of no more cut in 2025 could reverse all the gains against the USD.

Now if the Fed members wants to play spoil sport, they could end up disagreeing with Powell
Reply
Trader#833D
Aug 25, 2025 9:04am
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Quoting Trader#C698
By blaming Powell for being "too late" they will have a scapegoat when the economy crashes.
Crash, crash, blahhh, blahh, blahh. Invest and trade until that happens. There is ZERO sign that economy is going to "crash". If something happens, it will be major corrections, just like back in 2008. That is it, but there are no signs of it at all. As a matter of fact, stock market is performing very well and reaching all time highs. Stop fear talking, it is pathetic, and just trade and invest. If you have fear, you do not belong in finance industry.
Reply
Trader#EB36
Aug 25, 2025 9:23am
Permalink
Quoting Trader#833D
{quote} You are clueless. Every since Trump became president, things are doing better in USA. What he said he is going to do, he is doing it. However, you being a leftist liberal, who is indoctrinated by woke culture, that is your own issue, and hopefully you will get out of that insanity soon. Conservative America is the way to go.
Swet dreams! You've fallen prey to the Trump propaganda. Woke only exists in and is made up by the populist world and their troubled narrative, to which Trump belongs. However, I'm also not sure that things will improve after Trump's departure in 3,5 years, because Trump, without any substantive knowledge, has created a new normal in politics and how people interact with each other with his insane policies and troubled worldview.That being said, I hope for healthy and better politics and the way people interact with each other all over the world.
Reply
TableTop
Aug 25, 2025 3:42am
Permalink
Quoting axecap
{quote} Im not so sure. When politicians gain new revenue streams and new powers even the "good" ones are loathe to give it up. This might be the new normal to a greater or lesser extent
You see this with all forms of money-innovation. Coin cutting (illegal) became minted (legal) money, with a bit less gold/silver in it. Politicians have to adapt and were starting to see democrats willing to get dirty.
Polimini
Aug 25, 2025 5:52am
Permalink
imagine anyone saying you shouldn't rely on data. I wonder if he looks at his own bank statement or just ignores it and spends based on forward vision and feelings.
Reply
fx6996
Aug 25, 2025 9:22am
Permalink
Quoting NotAtrader
The Trump factor is merciless. Hold on folks, hold on. 3,5 years from now things will change back to normal.
I sure as hell hope not!
Reply
ZforexCM
Aug 25, 2025 3:00am
Permalink
Powell - Jackson Hole

Fed Chair Jerome Powell indicated at the Jackson Hole Symposium that a September rate cut is a strong possibility. His remarks pushed the dollar index lower, which opened the week trading at 97.77.

- September rate cut likely (75% priced in)
- Labor market risks rising, jobs data weaker
- Inflation outlook still tricky, tariffs may keep pressure high
- Powell: “We must stay flexible” → no clear confirmation
- Market reaction: yields down, stocks up, dollar weaker

Today in the US, markets will watch the Chicago Fed National Activity Index, new home sales, and the Dallas Fed Manufacturing Index.
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robertcd
Aug 25, 2025 6:27am
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Sorry Mr. El-Erian, America's inflation is chronic, and it won't end with "lower interest rates". Trump's tariff and fiscal debt decisions have unleashed a price cycle that will only end with a difficult recession. No amount of Fed Reserve Interest Rate Policy with mitigate the inflation cycle. It's here to stay, until the day of reckoning with zero demand leading to zero supply.
Reply
Trader#C698
Aug 25, 2025 8:15am
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By blaming Powell for being "too late" they will have a scapegoat when the economy crashes.
Reply
dovishhawk1
Aug 25, 2025 1:09am
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Yes El Erain is a great genius. He said few weeks back that Powell should resign to preserve FED's independence.... haha.
Reply
Flexi
Aug 25, 2025 3:42am
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Let's keep our fingers crossed come September 16/17 and see what happens.
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Hashir2003
Aug 25, 2025 4:36am
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XAUUSD
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boywnder
Aug 25, 2025 4:39am
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Market will be highly volatile
Reply
Akshay2325
Aug 25, 2025 8:22am
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if JP should not be "data dependent" then on gut feel you think he should have acted upon Mr.economic advisor?
Reply
Trader#EB36
Aug 25, 2025 9:52am
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Quoting NotAtrader
{quote} I wish I could like this post more than one time which is obviously impossible on this platform. Anyways:
Thank you, I appreciate your reply!
Reply
Trader#15C7
Aug 25, 2025 6:58am
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What happened when rates go to zero and it breaks?
There's nothing you can do. Game over.
Reply
Trader#2A52
Aug 25, 2025 9:00am
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Margaret you are a predictable partisan hack.
Reply
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