Powell’s last Fed meeting as Fed chair
Summary
Host Wheeler and analyst Logan Modashami discuss Powell’s final Fed meeting, noting four dissents and the upcoming transition to Kevin Warsh. They analyze how surging oil prices due to geopolitical tensions are driving up yields, though mortgage rates remain tempered by improved spreads. The conversation highlights internal Fed conflicts over inflation and policy direction amidst ongoing economic uncertainty.
Topics discussed
Intro and sponsor messages
Purchase app data and market context
Oil prices, Iran tensions, and geopolitical risks
10-year yield dynamics and mortgage spreads
Sponsor message: Federal research
Fed meeting dissents and Powell's future
Kevin Warsh confirmation and geopolitical outlook
Inflation drivers and Fed policy stance
Internal Fed conflict and rate expectations
Outro and AI Summit promotion
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