Fed vs White House: Who Blinks First?

Brian Glenn reacts to the FOMC decision to hold rates and Powell’s press conference. He expected a dovish tone from Powell but was surprised. He also walks through the dot plot and what it forecasts for the rest of the year. “There’s a who blinks first mentality” with the White House and tariffs, he thinks, and in the meantime, he says small and medium sized businesses are struggling.

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