Asks if quarter-point Fed cut is enough given president wanted half-point cut.
John
David Zervos
Quarter-point cut being rejoiced because market expected hawkish cut but didn't get it; Fed sees stronger growth without inflationary pressures.
Asks if market estimates are too pessimistic about no more cuts until Powell's gone and if still in strongly risk-on camp.
John
David Zervos
Still strongly risk-on; Fed turning dovish and will be tailwind to risk assets in 2026; dovish forecast took risk off table.