{"id":1542470,"date":"2025-06-18T18:25:00","date_gmt":"2025-06-18T22:25:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1542470"},"modified":"2025-06-18T18:25:00","modified_gmt":"2025-06-18T22:25:00","slug":"watch-live-fed-chair-powell-explains-why-hes-not-stupid","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/watch-live-fed-chair-powell-explains-why-hes-not-stupid\/1542470\/","title":{"rendered":"Watch Live: Fed Chair Powell Explains Why He’s Not “Stupid”"},"content":{"rendered":"

Watch Live: Fed Chair Powell Explains Why He’s Not “Stupid”<\/span><\/p>\n

\n

Having been accused of being “stupid”<\/strong> and “too late”,<\/strong> Fed Chair Powell’s decision to hold rates (not cut as Trump is demanding), will likely prompt more abuse from The White House, especially as US macro data is significantly weakening.<\/p>\n

And despite all the tariff derangement anxiety, the worse they expect is PCE at 3.1% this year before fading back next year…<\/p>\n

In fact, Powell may have to explain why he cut rates by 50bps the last time the US Macro Surprise Index was this weak…<\/strong><\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/p>\n

What’s different this time?<\/p>\n

As Trump said:\u00a0“I guess he’s a political guy…”<\/strong><\/em><\/p>\n

Let’s see if the reporters in the room are brave enough to ask.<\/p>\n

Watch the press conference live here (due to start at 1430ET):<\/p>\n<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nWed, 06\/18\/2025 – 14:25<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/watch-live-fed-chair-powell-explains-why-hes-not-stupid<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Watch Live: Fed Chair Powell Explains Why He’s Not “Stupid” Having been accused of being “stupid” and “too late”, Fed Chair Powell’s decision to hold…<\/p>\n","protected":false},"author":0,"featured_media":1542471,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1542470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1542470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1542470"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1542470\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1542471"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1542470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1542470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1542470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}