Powell Is Losing His Grip on the Fed, JPM’s Michele Says
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AI-PoweredJPMorgan's Bob Michele believes that Federal Reserve Chairman Powell is losing control over the Fed's monetary policy, citing the recent rate cut as a sign of uncertainty and potential shift in the Fed's stance.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
Bob Michele, JPMorgan Asset Management’s global head of fixed income, reacts to the decision by the Federal Reserve’s policy-setting Federal Open Market Committee to cut rates a quarter point during an interview on “Bloomberg Surveillance: The Fed Decides.”
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