And damn......the DOW Jones is having a hey day with Powell's comments......up over 700 points!!!

[a kennedy]

and I know…….it’s one day. But sheesh……is worried about tRump removing him or what???

[D. Spaulding]

1. Of course a rate cut will be at least a temporary boon for the markets,

and as an investor, I'm happy. But I'm taking some money off the table and trying to get ready; too many negative headwinds blowing right now.

[BoRaGard]

2. What comments?

Not everyone is sitting by the aP ticker...

[TheProle]

3. here ya go

https://www.cnbc.com/2025/08/21/stock-market-today-live-updates.html

[a kennedy]

11. Thanks.....I should have posted this.

[Fullduplexxx]

5. Powell is caving to trump's demands

[gab13by13]

6. Krasnov wants rates lowered to 1%

To crash the dollar and boost Crypto.

[ananda]

20. I think it's to boost his $100m investment in bonds.

Rate cuts always boost the bond market.

[lostincalifornia]

7. I don't think it is because he is afraid of getting removed. The only thing Powell said we need to review interest

rates in an environment of rising inflation and rising unemployment, and that puts us in a very difficult situation.

The reality is that any decrease in interest rates will be in short term rates, which won't necessary impact long term rates in an environment of inflation.

Powell knows he will be out when his term expires.

With the tariffs, unemployment, inflation, and the irrationality of the sociopath in the WH, I think we are headed for some major economic problems.

While the media and this administration are bragging about the "revenue" the tariffs are bringing in, what very few people in the media and else where are reporting is that those tariffs are being paid for by the consumer.

The stupidity of the American public, never fails to disappoint me.

[edhopper]

10. Only the fools on Wall Street

can read Powell's decision based on bad Economic signs and think it is good news.

[lostincalifornia]

14. They are not fools, they are manipulators IMHO.

[edhopper]

18. Or both

2008, many were hoisted on their own petard.

[ProfessorGAC]

15. Speaking Of That...

...why would already hyperinflated tech stocks go up because interest rates may fall?
A company like Meta has a D/E of 0.25 or so. Meaning they have no desperate need for cash. Nvidia is at 0.12, and they have YTD free cash flow of over $60 billion.
It makes no financial sense that cheaper money would drive up the price of stock of companies that don't need loans.

[edhopper]

19. exactly

[Silent Type]

8. We're gonna miss Powell, but it is probably time -- as he indicates -- to cut short-term rates. That's not caving to

trump. It's clear Powell doesn't care for trump, and will only do what he thinks is right for economy.

[edhopper]

9. This won't help the Economy

Inflation is being largely caused by Trump tariffs, not market forces, and lowering rates will only push inflation.
Powell might be looking at the anemic job numbers, but again, this is Trump's doing and lowering rates won't help much.
It is very hard to combat Stagflation. When Powell is replaced in May by some one from Fox Business News, we are in for economic catastrophe.

The idiots on Wall Street never see it coming.

[Scruffy1]

12. Sound and fury signifying nothing.

I remeber the market sucide of 1987, the tech bubble burst of the early 2000's and of course the meltdown of 2008. The market is trading at around 30x earnings and will eventually lose 30% but no one can predict when. The very fact that it has ben moving up and down on somebodies whims shows how rediculous the whole market has become.

[yourout]

13. Ding ding ding. Correct answer

Inflation is about to get a lot worse over the next year.

[usonian]

16. Maybe Powell got the top secret medical report.

[madinmaryland]

21. Then that begs the question, what does will Peter Theil tell JD

To do???

[usonian]

22. Good question. It's all planned, and has been for some time. Details below (not even at 11)

https://www.democraticunderground.com/?com=view_post&forum=1002&pid=20543966
^^^^^ Details Here ^^^^^

When Trump kicks it, the Crypto Bro Troika will control currency, and hence Wall Street and the world.
Two from the “Pay Pal Mafia” and one from the plain old mafia.



This is all out of Twilight Zone, and James Bond movies.

[Lovie777]

17. Humpty Dumpty sat on the wall......

Humpty Dumpty had a great fall, all the king’s and all the king’s men couldn’t put Humpty together again.

[Emile]

23. Making up for the losses through the week.

Volatility continues