Don’t Think a July Fed Cut Is a Given, Says Cornerstone Macro’s Perli

The transcript discusses the challenges of Senate confirmation for Fed nominees, focusing on the qualifications and controversies surrounding Waller and Shelton. It highlights market expectations for Fed rate cuts and the complexities of the Fed's decision-making process, including differing opinions among FOMC members and market predictions.

What are the qualifications of Waller as a nominee for the Fed?

How does Shelton's lack of monetary policy experience impact her nomination?

What are the implications of the market's expectation for rate cuts by the Fed?

Discuss the significance of the FOMC members' opinions on the funds rate.

What factors could influence the Fed's decision on rate cuts in July?