Kyle Risdahl
👤 SpeakerAppearances Over Time
Podcast Appearances
So fairly broad support.
But it's not like the normal situation where everyone agrees on the direction and what to do.
It's more spread out.
And I think that's only inherent in the situation.
So here's the way it shook out.
A quarter percentage point cut, as you've heard.
Nine votes for that.
Two wanted no cut.
One wanted a deeper cut.
More dissent than usual, but about what everybody had been expecting, honestly.
Three questions on artificial intelligence, which is a lot for a Federal Reserve press conference.
Inflation and tariffs, of course, made an appearance, too.
It's really tariffs that's causing most of the inflation overshoot.
And we do think of those as likely to, in the current situation, as likely to be a one-time price increase.
Our job is to make sure that it is, and we will do that job.
But right now, you've got this difficult balance, and there are risks to both sides.
There's no risk-free path.
Words to live by.
There is no risk-free path.
Wall Street today.