I don’t think Powell is going to cut at all - no matter how much pressure the White House puts on him. In fact, I would say further tightening is more likely than easing.
“I don’t think Powell is going to cut at all - no matter how much pressure the White House puts on him. In fact, I would say further tightening is more likely than easing.”
He has to talk tough, but there is zero possibility of any more hikes. The only question is how soon cuts will be made.