Powell Is Losing His Grip on the Fed, JPM’s Michele Says

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JPMorgan'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.

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Sentiment
Bearish
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80%

Article Context

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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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Original article published by Bloomberg on October 29, 2025.
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