Charles Schwab's Cooper Howard says this week's FOMC decision to keep rates unchanged plus Jerome Powell's commentary points to the central bank's focus on its employment mandate over its inflation mandate. He reacts to Fed Governor Waller's quotes about possibly cutting as soon as July saying it would be a "surprise." Cooper does think the Fed will cut, but maps out the reason why continued data trends are needed before a new cycle begins.
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20 Jun 2025
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