What was said around it
whole thing appeared to be to harass and pressure Powell either to yield to the president or to resign and make way for a Fed chair who will. But, now with that out of the way, the Fed has a clear path forward without any external interruption. The second, to complicate these matters even further, one senator has been blocking the confirmation of the next Fed chair, Kevin Warsh, who's scheduled to replace Jerome Powell in May. And there is a small chance, if this gets unresolved, Jerome Powell could stay head of the chair for a little longer than expected. This means we're probably not going to see interest rate cuts for quite some time. Beyond that though, today was also the day that we received what's called the summary of economic projections, which basically predicts where they expect rates in the economy to move over the next few years. And in terms of what they expect, believe it or not, their projections are mostly unchanged from the last meeting where they anticipate one rate cut in 2026, 4.4% unemployment, and slightly higher inflation. So, in terms of what this means for you and my own thoughts about what's going on, here's what you need to know. Look, we are in a genuinely unusual
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