🔥Breaking ;Fed's Milan Credits Chair Powell for Securing "Three Rate Cuts"
In a revealing comment, Federal Reserve Governor Lisa Milan acknowledged that Chair Jerome Powell successfully "secured three rate cuts" from the FOMC committee.
What This Means:
Internal Victory: This comment highlights that the dovish pivot was not unanimous and required significant leadership from Powell to navigate internal disagreements.
Policy Clarity: It confirms that the recent cuts were part of a deliberate, pre-planned strategy to adjust policy, not just reactive moves.
Future Path: It sets a precedent for Powell's ability to steer the committee toward easing if economic conditions warrant it in 2026.
Market Takeaway:
This reinforces Powell's pivotal role as the central architect of the current policy path. His ability to secure cuts suggests he retains strong influence, which could be crucial for maintaining a gradual easing cycle even amid inflation concerns.
Does this increase your confidence in the Fed's policy trajectory for 2026?
