Analyst: If it weren't for Powell's leadership, the Fed would have cut interest rates earlier.

On July 26, Jin Shi data, Brian Jacobsen, chief economist at Annex Wealth Management, commented on the US June PCE price index, saying that everyone is waiting to see if the Fed will be confident enough to cut interest rates. If this data is not enough to make the Fed confident, then nothing is enough to make it confident. The economy is slowing down, and if they don’t cut interest rates, the economy may come to a halt. They still have some time because the economy definitely still has some momentum, but it is fading quickly. I think they will cut rates in September. They could cut rates next Wednesday, but I don’t think they will, because they seem to want to get more long data, or at least hint at a rate cut first. If this were under the leadership of Greenspan or Bernanke, they might cut rates, but Yellen did set a precedent, trying to truly strengthen forward guidance, and Powell has taken it to the extreme.