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Powell Should Leave The Door Open to Cut in December Says Kaplan
Youtube·2025-10-29 04:48

I don't know. They're going to be surprises. They're going to cut tomorrow. They're going to announce. I would guess they're going to end quantitative tightening.Those aren't surprises. I think the only possible surprise is I think Jay Powell, I believe, should leave the door open to cutting in December. The markets are pricing in that they're going to cut in December.But he's going to want to leave some optionality just in case they're getting closer to neutral. Inflation is still running 7500 basis points ...