Powell vs. Schmid

What we’ll cover today:

💸 Powell’s Jackson Hole swan song and hints at September cut

📊 Schmid’s resistance to rushing rate cuts

🔥 Wall Street’s bets vs. Fed’s poker game

Powell’s Big Jackson Hole Speech 🎤

Federal Reserve Chair Jerome Powell will give his final big Jackson Hole speech, balancing politics, Trump’s pressure, and Fed independence.

🚨 Breaking News:
Markets expect Powell to hint at a September rate cut, while also defending Fed independence against Trump’s constant political attacks.

⚡Wire Simplified:

• Powell has led the Fed for 7+ years, always calm under fire.

• Trump keeps pressuring him to cut rates.

• Fed governors disagree: some want cuts, others want patience.

• Inflation vs unemployment is the big balancing act.

• Powell may roll back the 2020 “let inflation run hot” policy.

✔️ Straight to the Point:
Powell’s speech could shape markets and politics. He will likely defend Fed independence while carefully teasing a rate cut. Classic Powell poker face.

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Kansas City Fed Boss Says ‘Not So Fast’ ⏳

Jeffrey Schmid, Kansas City Fed President, is not sold on cutting rates in September, saying inflation still needs more taming.

🚨 Breaking News:
While markets bet big on a September cut, Schmid says the Fed needs “definitive data” before lowering borrowing costs.

⚡Wire Simplified:

• Markets expect 80% chance of September rate cut.

• Schmid says inflation is closer to 3% than 2%.

• Trump is yelling for cuts to boost housing and borrowing.

• Fed politics got messy: accusations, renovations, and pressure everywhere.

• Schmid insists Fed must stay professional despite drama.

✔️ Straight to the Point:
Schmid’s caution means September cuts are not guaranteed. Fed battles inflation, politics, and public drama while trying not to break the economy.

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