If Fed Cuts Result In Inflation, Then Chair Powell Has Nothing To Fear
1. Fed cuts benchmark interest rate by 50 basis points to 4.75%-5%. 2. The Fed's influence on economic activity is overstated, according to experts. 3. Markets will dictate credit conditions rather than the Fed's actions. 4. Economic growth should result in falling prices, not inflation. 5. Debate around Fed's credibility and inflation definitions continues.