"Fed Mouthpiece": Powell Refuses to Pre-Commit to a Rate Cut Path

According to Jinse Finance, "Fed whisperer" Nick Timiraos stated that Federal Reserve Chairman Jerome Powell has taken a "firm defensive stance" regarding a possible rate cut in September. When prompted with the leading question, "What circumstances would trigger a rate cut in September?" he responded, "I won't give a specific answer. We need to observe how the data evolves, and there are multiple possibilities." "We will make decisions based on a comprehensive analysis of the data and an assessment of risk balance." As Potomac Research Group often says: If we are hungry, we will naturally eat.