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The Weekly Money Clip — Powell Staying = RATE HIKES?! 😳 Market Shock Warning. Machine-transcribed; use the interactive transcript above to jump the player to any line.
Are you surprised that nobody's really talking about this, this Kevin Warsch handoff because the power is supposed to be finished on May 15th. What happens if Warsch or anyone else is not confirmed by May 15th and Powell stays in there? This one is actually an easy one, believe it or not. If Powell stays on Todd, it's a hawkish central bank. You know, he's going to be more fast to want to hike than Warsch. Warsch is going to be newly appointed, presumably, so he's going to be under a little more pressure from the White House. Wants to appease, you know, the president on his first day's, Chair Powell has no real intention to want to please the president. So if he feels like he wants to hike, and already, let me look at the odds, but there are odds Todd here of a rate hike as soon as the next meeting. Let's just open up here. As soon as the next meeting. Yes. Low, low, 11% for April, June is 15%, July is 16%, September is 25%, and October it
was up to 50%, now it's down to 35%.
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