"Trump's Secret Plan to Install a 'Shadow Fed Chair' Before Powell's Exit"

KR Opinion

As we enter the second half of June, the financial world shifts its focus to the upcoming Federal Open Market Committee meeting, scheduled for Tuesday, followed by a conference call on Wednesday when the meeting's announcement will be made. I expect no change in interest rates at this meeting, as the Federal Reserve continues to uphold its data-driven rhetoric while awaiting the full impact of recent economic developments. Interestingly, the tariffs many anticipated would drive inflation higher have not had that effect – in fact, inflation has been trending downward over the past few months since the tariffs were implemented.