Powell Throws Shade: Fed Hawks Ghost Rate Cut Parties
At Wednesday's Federal Reserve extravaganza, Jerome Powell channeled his inner bouncer, telling market gamblers there's no VIP pass for a year-end rate cut. Despite an 88% pre-meeting hype on CME FedWatch, Powell’s stern 'not a forgone conclusion — far from it' zapped the optimism to 71%, igniting a drama that rivals reality TV. The Fed’s guest list includes inflation hawks like Beth Hammock, Jeffrey Schmid, Alberto Musalem, and Lorie Logan—mid-flight inflation wranglers squawking over stubborn 3% price hikes. Schmid and Miran dissented spectacularly from opposite corners: Schmid said 'no dice' to cuts; Miran pushed harder cuts, making this only the fourth century with Fed dissent fireworks in both directions since 2019. It’s less a committee, more a cage match set for 2025’s rate drama.
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Fed chair Powell dropped the mic on year-end rate cut hype like a disappointed party host: 'Not a forgone conclusion.' Meanwhile, hawks and doves get into a Jurassic Park-level feud over inflation while traders scramble to recalibrate their betting apps.
Jerome Powell just served a cold one to traders betting on rate cuts like it’s Black Friday at the inflation mall. Fed hawks squawk louder than baby yoda memes in a Star Wars convention.
In classics like 'Who Wants To Cut Rates', Powell starred as the guy yelling 'Not today!' Inflation hawks outvoted but definitely not out-shouted. 2025 Fed meetings guaranteed extra popcorn.
Source: Axios | Published: 10/30/2025 | Author: Neil Irwin
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