​Watch Live: Fed Chair Powell To Explain What Exactly What He Saw That Prompted A Crisis-Level Rate-Cut – Tyler Durden

Watch Live: Fed Chair Powell To Explain What Exactly What He Saw That Prompted A Crisis-Level Rate-Cut Well, now Fed Chair Powell has some ‘splaining to do… While economists were heavily weighted towards a 25bps cut (just nine forecasters in Bloomberg’s survey of 113 (!) economists predicted 50), traders were almost all-in on the idea of a 50bps cut today (odds had sunk intraday from around 70%)… so what was it ‘economically’ that prompted the 50bps!! Powell pissed a lot of people off (on one side or the other)… What was it that Powell and his pals saw that prompted…  — Continue at ZeroHedge News : Read More