The Fed’s Reluctant Pivot: Inside Powell’s Cautious Easing Cycle and the Volatility It Unleashed
TL;DR (Summary)
This was a defensive easing, not a victory lap. The Fed cut to 3.75–4.00%, citing “uncertain outlook,” “labor market cooling,” and “data gaps.” It wasn’t a celebration of victory over inflation; it was a precautionary slowdown—avoiding a crash in the fog.
The FOMC is split, and not just mildly. One camp wants deeper cuts, another wants non…
