Trump rips Powell after Federal Reserve holds rates steady: ‘FOOL’

One reason why few expect tariffs alone to create an inflationary cycle is that the FOMC intends to keep making it unprofitable,

Steven Blitz at TS Lombard said

It’s more akin to what we saw in the pandemic: supply disruptions quickly leading to a contraction, but activity can also pick up again quickly if and when those disruptions dissipate,

Boivin added

Andrew Bailey (banker)boE Governor

The past few weeks have shown how unpredictable the global economy can be. That's why we need to stick to a gradual and careful approach to further rate cuts,

BoE Governor Andrew Bailey said

The uncertainty resulting from the new US trade policy may put downward pressure on inflation in Europe,

the Riksbank said

Here, however, is where recession can begin,

Blitz said

That’s very different from a typical recession caused by weakening demand,

said Jean Boivin, the Head of the BlackRock Investment Institute

Jerome Powellfed Chair

There's no real cost to our waiting at this point,

Fed Chair Jerome Powell said

'To ... Too Late' Jerome Powell is a FOOL, who doesn't have a clue,

Trump posted to his Truth Social platform on Thursday morning

We’ve been there for inflation for a couple of years and we wanted to show also that we’re there for the labor market, and it’s important that we sent that signal,

he said

Many firms (in the Boston Fed’s district) planned to pause or limit hiring going forward because of policy uncertainty,

according to the central bank’s latest Beige Book report, a periodic collection of survey responses from businesses across the country

Any sign of growing slack in the jobs market would give the Fed some reassurance that inflationary pressures will subside, and give them room to offer more support to the economy with rate cuts,

James Knightley, chief international economist at ING, told CNN

When the Fed starts to see the unemployment rate rise and nonfarm payrolls start to crack, they’re going to prioritize the employment side,

Nicole Cervi, an economist at Wells Fargo, told CNN

The Fed surprised everyone with that 50 basis-point cut,

Cervi said

Jerome Powellfed Chair

The unemployment rate went up by almost a full percentage point, and it was click, click, click, click, click each month, and everywhere people were talking about downside risks to the labor market,

Powell said

Jerome Powellfed Chair

We are always going to do the same thing, which is we are going to use our tools to foster maximum employment and price stability for the benefit of the American people,

Powell said

Up until now, the higher rate of interest meant borrowers paying even more interest on credit cards, loans and other types of variable-rate debt,

said Mohammad Shaan, a Dubai-based wealth manager

Jerome Powellfed Chair

It’s much too early to tell which way this will shake out.”

Fed Chair Jerome Powell admitted as much this week

That is what has the most potential to have a real impact on the markets,

she said

I do think we have to allow for a wider range of possibilities, particularly the idea that inflation could surprise to the upside."

While Norton called that her "base case," she added

There's nothing investors like less than uncertainty and the Fed isn't in a position to offer them certainty,

said Josh Jamner, senior investment strategy analyst at ClearBridge Investments