Jay Powell

And the reason is that monetary policy can be used through an election cycle to affect the economy in a way that will be politically worthwhile.

Since last September, we've lowered our policy rate 75 basis points or three quarters of a percentage point, bringing it within a range of plausible estimates of neutral.

This normalization of our policy stance should help stabilize the labor market while allowing inflation to resume its downward trend toward 2% once the effects of tariff increases have passed through.

Stay out of elected politics.

Don't get pulled into elected politics.

Don't do it.

Some people did want to cut and dissented, but committee pretty broadly for holding today.

We still have some tension between employment and inflation, but it's less than it was.

I think that the upside risks to inflation and the downside risks are probably both diminished a bit.

So, you know, we'll be looking at that.

There are different views on the committee and, you know, we'll find our way forward as the data evolve.

Okay, well, let me know who she is. Chamath and I will go beat her up and get your money back.

Okay, well, let me know who she is. Chamath and I will go beat her up and get your money back.

Just grow up, you. The way you're saying it, you're saying it to provoke a reaction. Come on. No, I'm not.

Just grow up, you. The way you're saying it, you're saying it to provoke a reaction. Come on. No, I'm not.

blow it it's true oh you're saying the self blow can't match the stylist blow it's just important when you get a haircut with a new stylist or a hairdresser or a barber yes you cannot let them blow you he's not happy with the ending got it it was an unhappy ending because when you blow yourself shamath which people have accused you of blowing yourself on this very program when you blow yourself it's not going to come out the way it did it won't be as fabulous every time i've blown myself it's been perfect

blow it it's true oh you're saying the self blow can't match the stylist blow it's just important when you get a haircut with a new stylist or a hairdresser or a barber yes you cannot let them blow you he's not happy with the ending got it it was an unhappy ending because when you blow yourself shamath which people have accused you of blowing yourself on this very program when you blow yourself it's not going to come out the way it did it won't be as fabulous every time i've blown myself it's been perfect

All right, everybody, welcome back to the All In podcast. I'm your host, Jay Powell from Japan here, cutting turns in Niseko and at E1I, and we have an incredible lineup today. As always, the chairman dictator Chamath is here to reign supreme. How are you doing, brother?

All right, everybody, welcome back to the All In podcast. I'm your host, Jay Powell from Japan here, cutting turns in Niseko and at E1I, and we have an incredible lineup today. As always, the chairman dictator Chamath is here to reign supreme. How are you doing, brother?

I'm just wearing my kimono as I want to do here on the All In podcast.