Michael McKee
speaker
1,106 appearances
198 recordings
2 series
first heard Aug 2025
last heard 15 Sep
Michael McKee’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 195 in all, peaking in Jan 2026 with 40.
Appearances
But as Stephanie was saying, inflation is going to stay elevated for a while.
So it's going to be hard
in the remainder of Powell's term to have any rate cuts.
And it'd be hard for somebody new coming in to get rate cuts right in the beginning, even if, as Powell says, they think that inflation X tariffs is running just about 2% or a little above.
Well, we know Myron has sort of been ordered to dissent.
It's interesting that he only dissented for 25 basis points this time instead of for 50.
Either he thinks they've gone far enough or he didn't need to do 50 to keep the president's favor.
For Chris Waller...
The initial reaction I've seen from just about everybody who has written about it is that he's trying to keep his place in line for a possible promotion to Fed chair, replacing Powell.
But I would imagine also that Waller, knowing him and knowing his reputation, will probably come out on Friday when the blackout lifts and give us some sort of statement on the economic reasons why he thinks a cut is important at this time.
It's a little bit different situation now because the unemployment rate has gone down.
Inflation is, according to the Fed's calculations, which Powell talked about, going to, for the core PCE, hit 3%.
So it's harder to make the case for a cut at the moment.
So it'll be interesting to see what Waller has to say.
Bloomberg News Now · Fed Keeps Rates Unchanged, Border Agents Placed on Leave, More · 28 Jan 2026
podcast
The statement keeps the line about considering the extent and timing of additional adjustments to the target range, suggesting more rate cuts are possible.
There's no hint, however, of what would lead them to do that or when.
Bloomberg News Now · Fed Holds Rates Steady, Report: ICE Agents Placed on Leave, More · 28 Jan 2026
podcast
Bloomberg's Michael McKee tells us the meeting went pretty much as expected.
No change in rates and the Fed leaves open the option of cutting rates in the future.
Stephen Myron and Chris Waller dissent in favor of a rate cut.
Michelle Bowman does not.
Showing 741–760 of 1,106 · page 38 of 56
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