While the Federal Reserve’s decision to hold interest rates steady was widely anticipated, a rare dual dissent and nuanced language in the FOMC statement have left experts divided on whether Chair Jerome Powell will hold steady through 2025 or embark on aggressive rate cuts.
What Happened: Highly critical of the Fed, Louis Navellier, the founder and chief investment officer at Navellier & Associates, asserted, “The Fed lives in a delusional world. They’re not reading the data.”
