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Wednesday Sep 24 2025 15:20
2 min
"I am a little surprised that the Fed Chairman has not signaled a goal of at least 100 to 150 basis points of rate cuts before the end of the year," Besente said.
"In the near term, the risks to inflation are skewed to the upside, while the risks to employment are skewed to the downside - this is a challenging situation," Powell added. "Two-way risks mean there is no risk-free policy path."
"These meetings should be a discussion. Participants should attend with open minds," Besente said. "Like the United Nations, we see many mistakes and rigidity at the Federal Reserve, and it is good to inject fresh blood into it."
"Everyone asks me what I look for when interviewing potential Federal Reserve Chairman candidates - and the answer is simple, I look for someone who is open-minded, does not look back, but looks forward," Besente concluded.
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