Kate Davidson

Yeah, I think there's some truth to that and I think your point about should we care, it's a really great question.

I mean isn't dissent a sign of healthy debate?

Is it inherently problematic?

I think that some people would certainly ask that.

I think when it can become problematic for the Fed is they rely a lot on their ability to guide markets and to guide and signal things to the American public about where they're headed.

And that just becomes really difficult when you're in a place where, you know, as Sudip was explaining, there's so many of them, they're uncertain about where the economy is headed.

That's what's driving a lot of this.

And so they have very divergent views.

So it's not surprising that they would be split, but it just makes it harder for the Fed to send one sort of cohesive message about where they're headed.

And so Jay Powell might think cutting right now is important.

And they managed to signal that pretty clearly ahead of this meeting that they were going to cut again.

But that just continues to get more difficult next year.

Yeah, I mean, important to note, right, that there's still about five months left and who knows what might happen early next year.

But I think

Ultimately, the simplest answer, I think, is Powell would be remembered for being the Fed chair who stood up to Donald Trump, right?

I mean, there was a time where we maybe all thought, hey, he's the Fed chair that got the economy through the pandemic.

And then it was, oh, yikes, he's the Fed chair who has overseen the biggest burst in inflation in four decades.

That was not great.

He then was the Fed chair that managed to help bring inflation back down without triggering this deep recession.

So there have clearly been ups and downs and I'm sure criticisms that if you were to examine closely his tenure that you could point to.