If there are no interest rate cuts, then don't play. Does Powell want to leave a good reputation before stepping down? It's not that easy; if everything collapses, this group at the Fed won't have enough to offer as a sacrifice.
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If there are no interest rate cuts, then don't play. Does Powell want to leave a good reputation before stepping down? It's not that easy; if everything collapses, this group at the Fed won't have enough to offer as a sacrifice.