Bloomberg Businessweek Fed Cuts Rates With Three Dissents, Projects One Cut in 2026
Dec 10, 2025
Steve Moore, co-founder of Unleash Prosperity and former economic advisor to Donald Trump, dives into the appropriateness of recent Fed cuts and inflation targets. Anurag Rana, a senior tech analyst, discusses Oracle and Adobe's quarterly earnings, highlighting AI's growing influence. Zach Wasserman, CFO of Huntington Bancshares, shares insights into the banking sector's response to Fed policies and the future landscape, including M&A and AI deployment. The conversation is packed with sharp economic analysis and industry forecasts!
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Balance Sheet Moves Matter More Than Expected
- The Fed signaled fresh Treasury bill purchases to keep reserves ample, adding roughly $160 billion through April.
- Ira said the balance-sheet move was a major dovish factor that boosted risk assets along with the cut.
Prioritize Price Stability
- Steve Moore said he would have voted for the quarter-point cut and stressed focusing on bringing inflation to target.
- He advised prioritizing price stability while recognizing the economy's current strength.
Trump Ties And Fed Chair Preferences
- Steve Moore recounted his advisory ties to President Trump and argued presidents should pick Fed leaders aligned with their economic philosophy.
- He praised Kevin Hassett and Kevin Warsh as strong monetary experts he would support for Fed chair.
