Connect with us

Politics

Fed Cuts Rates Again, but Jerome Powell Warns “Don’t Assume Another Cut in December”

The Federal Reserve, led by Chair Jerome Powell, approved a second consecutive interest rate cut to 3.75–4%, but uncertainty looms over future easing as policymakers clash on inflation, jobs, and data scarcity.

Published

on

Federal Reserve Chair Jerome Powell warns investors not to assume another rate cut in December after announcing a second consecutive reduction in 2025.
Federal Reserve Chair Jerome Powell warns investors not to assume another rate cut in December after announcing a second consecutive reduction in 2025.

In a move closely watched by global markets, the Federal Reserve on Wednesday announced its second consecutive interest rate cut, lowering the benchmark federal funds rate to a range between 3.75% and 4%. The decision, backed by an overwhelming 10-2 vote, signals a cautious shift toward monetary easing—yet Fed Chair Jerome Powell quickly dampened expectations of further cuts in December, unsettling investors.


A Divided Committee

The Federal Open Market Committee (FOMC)’s decision reflects deep internal divisions. While most members supported the quarter-point reduction, Governor Stephen Miran, a Donald Trump appointee, pushed for a half-point cut, citing the need for faster policy support. Meanwhile, Jeffrey Schmid, President of the Kansas City Fed, dissented in the opposite direction, arguing against any further easing.

Federal Reserve Chair Jerome Powell warns investors not to assume another rate cut in December after announcing a second consecutive reduction in 2025.


The decision also included a major policy shift: the end of quantitative tightening (QT)—the Fed’s process of shrinking its balance sheet—effective December 1. This signals a pause in the Fed’s multi-year effort to unwind its massive $6.6 trillion asset holdings accumulated during the pandemic.

“Downside risks to employment have risen in recent months,” the Fed noted, indicating growing concern about the labor market despite inflation remaining above the 2% target.


Powell: “A Further Cut Is Not a Foregone Conclusion”

Speaking at his post-meeting press conference, Jerome Powell emphasized the central bank’s cautious stance:

“In the committee’s discussions at this meeting, there were strongly differing views about how to proceed in December,” he said. “A further reduction in the policy rate at the December meeting is not a foregone conclusion. Far from it.”

Powell added that there was “a growing chorus” among the 19 policymakers to “wait a cycle” before cutting again, suggesting that the Fed may pause to assess the impact of its recent moves.

Following his comments, market expectations for another December rate cut dropped sharply—from 90% to 67%, according to CME Group’s FedWatch Tool.


Markets React to Mixed Signals

Initially, U.S. stocks climbed on news of the rate cut but reversed course as Powell’s cautious tone sank in. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all dipped before clawing back modest gains by session close.

Analysts described the Fed’s tone as “hawkish dovishness”—a balancing act between acknowledging economic risks and curbing inflationary fears.

“Powell is walking a tightrope,” said economist Krishna Guha of Evercore ISI, who believes the Fed could even restart bond purchases in 2026 if liquidity tightens again. “He’s signaling patience, not panic.”


Fed Flying Blind Without Fresh Data

Complicating the Fed’s task, the U.S. government’s recent data blackout means key metrics—such as nonfarm payrolls, retail sales, and GDP revisions—remain unavailable. The only major report released was the Consumer Price Index (CPI), showing inflation at 3%, driven by higher energy costs and items linked to Trump-era tariffs.

In its statement, the Fed acknowledged the uncertainty:

“Available indicators suggest that economic activity has been expanding at a moderate pace. Job gains have slowed, and the unemployment rate has edged up but remains low… Inflation has moved up since earlier in the year and remains somewhat elevated.”

The revised language—shifting from “moderated” to “expanding”—signals cautious optimism but also underscores the Fed’s struggle to balance full employment with price stability.


Federal Reserve Chair Jerome Powell warns investors not to assume another rate cut in December after announcing a second consecutive reduction in 2025.


Ending Quantitative Tightening

The decision to halt quantitative tightening marks another major policy shift. QT had reduced the Fed’s balance sheet by $2.3 trillion, as the central bank let Treasury and mortgage securities mature without reinvestment.

An implementation note confirmed that the Fed will begin reinvesting maturing mortgage proceeds into short-term Treasury bills, effectively stabilizing its portfolio.

Powell reiterated that while shrinking the balance sheet was necessary, the Fed “does not expect to return to pre-pandemic levels.”


Political and Policy Pressure

President Donald Trump, who has frequently criticized the Fed for being too slow to lower rates, renewed calls for deeper cuts to support growth ahead of the 2026 election cycle. However, Powell has repeatedly stressed the Fed’s independence.

The central bank’s current stance appears to favor data dependency—waiting for clearer signals on jobs and inflation before acting again.


Looking Ahead: Uncertainty Dominates

The Fed’s final meeting of the year, scheduled for December, will be pivotal. While some traders expect another small cut, others warn that continued inflation pressures and data scarcity could prompt a pause.

“Powell is right to be cautious,” said Michael Arone, chief investment strategist at State Street Global Advisors. “Cutting too fast could reignite inflation, while moving too slowly risks a labor-market slide.”

For now, markets are bracing for volatility — torn between optimism over easing and fear that the Fed may “wait and watch” longer than expected.

Politics

The Untold Strain of Sundance Festival Insiders Describe the Emotional Highs and Breaking Points

A racially charged confrontation at a high-profile Sundance gathering turns violent, prompting an arrest and reigniting debate over hate speech and political rhetoric in public spaces.

Published

on

By

Man Arrested After Racially Charged Assault on Maxwell Alejandro Frost at CAA Sundance Party

What was meant to be an exclusive celebration during the Sundance Film Festival ended in shock and outrage after a racially charged confrontation turned violent, leading to an arrest and widespread condemnation.

A man was taken into custody following an incident at a private party hosted by Creative Artists Agency (CAA) during Sundance, where he allegedly confronted U.S. Congressman Maxwell Alejandro Frost with racist remarks before physically assaulting him.

According to Frost’s account, the man loudly proclaimed how “proud” he was to be white, then escalated the encounter by telling the congressman that Donald Trump was “going to deport me” — a statement Frost confirmed was made moments before he was punched in the face.

The confrontation unfolded amid one of the most influential gatherings tied to the Sundance Film Festival, a space typically associated with artistic expression, political dialogue, and cultural inclusivity.

From Political Taunt to Physical Violence

Frost, the first Gen Z member of Congress and a prominent progressive voice, later confirmed the details of the incident, describing it as an unprovoked escalation rooted in racial identity and political hostility.

ALSO READ : “She Never Made It Out…” Albany House Fire Claims Woman’s Life as Family Pleads for Help to Bring Her Home

Witnesses at the event reported that the man appeared intoxicated and increasingly aggressive before security intervened. Law enforcement confirmed that the suspect was arrested on the scene and that charges are being reviewed.

While authorities have not publicly released the suspect’s name, officials noted that the investigation is treating the matter seriously given the racially charged language used during the encounter.

A Disturbing Pattern Beyond One Night

The incident has quickly drawn national attention, not only because it involved a sitting member of Congress, but because it echoes broader concerns about rising political aggression and racially motivated confrontations in public spaces.

Man Arrested After Racially Charged Assault on Maxwell Alejandro Frost at CAA Sundance Party


Civil rights advocates argue that rhetoric surrounding immigration, race, and nationalism has increasingly crossed from speech into action — especially in environments where alcohol, political identity, and social status intersect.

“This wasn’t just an argument,” one attendee said. “It felt like something much darker bubbling to the surface.”

CAA and Sundance Respond

CAA representatives emphasized that the party was meant to be a safe, private gathering and that they are cooperating fully with authorities. Festival organizers also distanced the event from official Sundance programming while condemning the violence.

The Sundance Film Festival, long positioned as a platform for marginalized voices and progressive storytelling, has faced renewed scrutiny over security protocols at affiliated private events.

Frost Breaks the Silence

Frost later addressed the incident publicly, underscoring that he would not be intimidated by threats or violence.

“No one should have to endure this — anywhere,” he said, adding that the incident reinforced the importance of confronting hate head-on rather than normalizing it.

Support poured in from fellow lawmakers, artists, and activists, many of whom called for stronger accountability when racially charged speech turns into physical harm.

More Than a Single Arrest

As the investigation continues, the episode has sparked a wider conversation about the responsibility of political leaders, cultural institutions, and event organizers in ensuring safety — especially at moments when rhetoric becomes combustible.

For many, the most unsettling part of the story is how quickly ideology transformed into violence — and how casually the threat of deportation was invoked as a weapon.

What happened at a Sundance party may fade from headlines, but the issues it exposed are far from temporary.

Continue Reading

Politics

“Trump Deportation Threat Turned Into Assault”: Man Arrested After Shocking Sundance Incident

A racially charged confrontation at a high-profile Sundance gathering turns violent, prompting an arrest and reigniting debate over hate speech and political rhetoric in public spaces.

Published

on

By

Man Arrested After Racially Charged Assault on Maxwell Alejandro Frost at CAA Sundance Party

What was meant to be an exclusive celebration during the Sundance Film Festival ended in shock and outrage after a racially charged confrontation turned violent, leading to an arrest and widespread condemnation.

A man was taken into custody following an incident at a private party hosted by Creative Artists Agency (CAA) during Sundance, where he allegedly confronted U.S. Congressman Maxwell Alejandro Frost with racist remarks before physically assaulting him.

According to Frost’s account, the man loudly proclaimed how “proud” he was to be white, then escalated the encounter by telling the congressman that Donald Trump was “going to deport me” — a statement Frost confirmed was made moments before he was punched in the face.

The confrontation unfolded amid one of the most influential gatherings tied to the Sundance Film Festival, a space typically associated with artistic expression, political dialogue, and cultural inclusivity.

From Political Taunt to Physical Violence

Frost, the first Gen Z member of Congress and a prominent progressive voice, later confirmed the details of the incident, describing it as an unprovoked escalation rooted in racial identity and political hostility.

ALSO READ : “She Never Made It Out…” Albany House Fire Claims Woman’s Life as Family Pleads for Help to Bring Her Home

Witnesses at the event reported that the man appeared intoxicated and increasingly aggressive before security intervened. Law enforcement confirmed that the suspect was arrested on the scene and that charges are being reviewed.

While authorities have not publicly released the suspect’s name, officials noted that the investigation is treating the matter seriously given the racially charged language used during the encounter.

A Disturbing Pattern Beyond One Night

The incident has quickly drawn national attention, not only because it involved a sitting member of Congress, but because it echoes broader concerns about rising political aggression and racially motivated confrontations in public spaces.

Man Arrested After Racially Charged Assault on Maxwell Alejandro Frost at CAA Sundance Party


Civil rights advocates argue that rhetoric surrounding immigration, race, and nationalism has increasingly crossed from speech into action — especially in environments where alcohol, political identity, and social status intersect.

“This wasn’t just an argument,” one attendee said. “It felt like something much darker bubbling to the surface.”

CAA and Sundance Respond

CAA representatives emphasized that the party was meant to be a safe, private gathering and that they are cooperating fully with authorities. Festival organizers also distanced the event from official Sundance programming while condemning the violence.

The Sundance Film Festival, long positioned as a platform for marginalized voices and progressive storytelling, has faced renewed scrutiny over security protocols at affiliated private events.

Frost Breaks the Silence

Frost later addressed the incident publicly, underscoring that he would not be intimidated by threats or violence.

“No one should have to endure this — anywhere,” he said, adding that the incident reinforced the importance of confronting hate head-on rather than normalizing it.

Support poured in from fellow lawmakers, artists, and activists, many of whom called for stronger accountability when racially charged speech turns into physical harm.

More Than a Single Arrest

As the investigation continues, the episode has sparked a wider conversation about the responsibility of political leaders, cultural institutions, and event organizers in ensuring safety — especially at moments when rhetoric becomes combustible.

For many, the most unsettling part of the story is how quickly ideology transformed into violence — and how casually the threat of deportation was invoked as a weapon.

What happened at a Sundance party may fade from headlines, but the issues it exposed are far from temporary.

Continue Reading

Politics

Why Bari Weiss Says Pulling a ‘60 Minutes’ Story Was the Right Call — Even If It Looked Radical

Facing backlash from activists and political pressure alike, the CBS News editor-in-chief argues that controversial editorial calls are essential to restoring public trust in the media.

Published

on

By

Bari Weiss Defends Pulling 60 Minutes Story as Necessary for News Integrity

In an era when every editorial decision is dissected in real time, Bari Weiss is standing firm behind one of the most controversial calls of her tenure at 60 Minutes.

Weiss has once again defended her last-minute decision to pull a segment from the long-running CBS newsmagazine, acknowledging that the move “may seem radical” to outsiders—but insisting it was necessary to protect what she calls the integrity of the news.

In a memo sent to staff and co-signed by Tom Cibrowski, along with senior editors Charles Forelle and Adam Rubenstein, Weiss framed the decision as part of a broader effort to rebuild public confidence in journalism at a time when trust in media institutions continues to erode.

The Story at the Center of the Storm

The pulled segment reportedly focused on the experiences of Venezuelan migrants deported by the Donald Trump administration to a prison in El Salvador—a topic that sits at the intersection of immigration policy, human rights, and partisan politics.

ALSO READ : “She Never Made It Out…” Albany House Fire Claims Woman’s Life as Family Pleads for Help to Bring Her Home

According to Weiss, the issue was not the subject matter itself, but whether the segment met the editorial standards the newsroom demands before airing.

“No amount of outrage—whether from activist organizations or the White House—will derail us,” Weiss wrote in the memo, making clear that external pressure did not drive the decision.

Instead, she characterized the move as an example of editorial restraint at a time when speed, outrage, and social-media reaction often dominate newsroom judgment.

A ‘Radical’ Choice in a Polarized Media Climate

Weiss did not shy away from describing the decision as controversial. In fact, she embraced that reality, arguing that journalism sometimes requires choices that invite criticism from all sides.

In today’s media environment, pulling a completed story—especially one tied to immigration and a former president—is almost guaranteed to ignite backlash. For Weiss, that backlash is part of the cost of maintaining standards.

Bari Weiss Defends Pulling 60 Minutes Story as Necessary for News Integrity


“Necessary decisions can cause a firestorm,” she acknowledged, suggesting that editorial courage is often indistinguishable from provocation in a deeply polarized public sphere.

Trust as the Real Battleground

At the heart of Weiss’s defense is a larger concern: Americans’ declining trust in news organizations.

By emphasizing caution over immediacy, Weiss positioned the decision as a long-term investment in credibility rather than a short-term reputational hit. Her message to staff was clear—journalistic integrity must outweigh the pressure to satisfy activists, political actors, or even audience expectations.

The memo’s tone reflected a newsroom aware that neutrality itself has become suspect, and that editorial leadership now involves navigating not just facts, but perceptions of motive.

What This Means for ‘60 Minutes’ and CBS News

For CBS News, the controversy underscores how even legacy institutions are struggling to operate in a climate where every editorial choice is interpreted through ideological lenses.

60 Minutes, long regarded as one of the most influential investigative programs in American television, now finds itself at the center of a debate about transparency, restraint, and the line between caution and censorship.

Supporters of Weiss argue that pulling the story demonstrates editorial responsibility. Critics contend it risks chilling coverage of sensitive topics.

Both sides, however, agree on one thing: decisions like this are shaping the future of mainstream journalism.

A Defining Moment for News Leadership

Whether Weiss’s call ultimately strengthens or weakens public trust remains an open question. But her willingness to publicly frame the decision as “radical” suggests an editor aware that traditional newsroom playbooks no longer apply.

In a media landscape driven by immediacy and outrage, restraint itself may now be the most provocative stance of all.

Continue Reading
Advertisement

Trending