The Philadelphia Inquirer—Co-Chief Investment Officer Hank Smith told The Philadelphia Inquirer that the Fed is catching up to the stock market in an article discussing the rate cut. “Look at this positively and say, Jay Powell isn’t sitting on his heels. He’s paying attention to the market. He did it in 2019. He could have easily dug in his heels and not cut rates. This will grease the recovery quicker than if they had waited three months to cut rates. There’s no inflationary risk to doing this.” Click to read article
