[ad_1]
<p class = "canvas-canvas-text-canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "David Waddell, CEO of investment consulting firm Waddell and Associates, told Yahoo Finance & nbsp;YFi AM& nbsp; Thursday, he believes that the meeting will not provide what markets are looking for. David Waddell, CEO of investment advisory firm Waddell and Associates, told YFi AM Thursday that the meeting will not provide what the markets are looking for.
"Jerome Powell has turned out to be pretty inadequate to the microphone," Waddell said. "What the market really wants to hear is that things are going well, but we are going to cut rates dramatically. I think the most likely scenario is that they double what they said in the minutes of the Fed we had yesterday, that is, things are going well. .
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "" We think we are more careful, "We are trying to think about rate cuts I think [Federal Reserve Bank of Kansas City President]& nbsp;Esther George& nbsp; This is probably the pulse of the Fed's current situation. For me, she is late. Until something changes, they seem to want to stay behind the curve … It's really the fundamentals that matter. "" Data-reactid = "18"> "We think we are more cautious," continued Waddell. think about rate cuts I think [Federal Reserve Bank of Kansas City President] Esther George is probably aware of the Fed's current situation. For me, she is late. Until something changes, they seem to want to stay away … It's really the fundamentals that matter. "
Federal Reserve Chairman Jerome Powell speaks at a press conference following a two-day meeting of the Federal Open Market Committee in Washington on Wednesday, July 31 2019. The Federal Reserve lowered its key rate for the first time in a decade to try to counter threats ranging from uncertainties caused by President Donald Trump's trade wars to chronically low inflation and gloomy prospects. (AP Photo / Manuel Balce Ceneta)
The Federal Trade Reserve
<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Although Esther George of the Fed said that she & nbsp;feels uncertain Waddell said Powell and Chinese President Xi Jinping could have the biggest impact on President Donald Trump's trade war movements. Unsure of what was going to happen with the ongoing trade war, Waddell explained that Powell and Chinese President Xi Jinping could have the most significant impact on President Donald Trump's trade war advances.
Yahoo Finance Summit All Markets
"The big deal that President Trump has with the people of the United States is, as long as you get rich and the economy grows, [he’ll] stay in the job, "said Waddell. "The two people who control our entry into recession are, first and foremost, Jerome Powell, who, if he maintains what I see as a strict interest rate approach, then tilts the balance. economy recession because it's really a monetary constraint, not a stimulant. Then what happens in the trade war is a fiscal constraint, not a stimulus. So we have both a monetary constraint and a tax constraint. And the architects of that … are China and the Fed. "
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Chelsea Lombardo is production assistant for Yahoo Finance. You can find more of his work right here."data-reactid =" 46 ">Chelsea Lombardo is production assistant for Yahoo Finance. You can find more of his work right here.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Read the latest financial and commercial news from Yahoo Finance"data-reactid =" 47 ">Read the latest financial and commercial news from Yahoo Finance
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, SmartNews, LinkedIn,Youtube, and reddit."data-reactid =" 48 ">Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, SmartNews, LinkedIn,Youtube, and reddit.
[ad_2]
Source link