Chairman Powell Just Raised the Odds of a Recession

The Fed's Strategy is Likely Best For the Longer-term, But it Still Raises the Risk of Recession This Year

In today’s piece, we discuss how Chairman Powell told us yesterday that the Fed is willing to risk a recession over the near-term…to prevent a bigger (stagflationary) recession over the longer-term……We also touch on our concern that once investors get more “clarity” on the tariff issue, they won’t like what they see.