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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.

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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

Bari Weiss Says Pulling a ‘60 Minutes’ Story ‘May Seem Radical’ — But Claims It Was Needed to Protect Journalism’s Integrity…

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.

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Bari Weiss Defends Pulling 60 Minutes Story as Necessary for News Integrity
Bari Weiss defends her decision to pull a 60 Minutes segment, calling it a necessary step to protect journalistic integrity amid mounting pressure.

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.

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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.

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Politics

“Classic Intolerance”: Kennedy Center Chief Slams Jazz Musician Over Christmas Eve Exit…

A canceled holiday performance has ignited a sharp cultural clash in Washington, after a jazz artist pulled out over Donald Trump’s name—prompting a furious response and a $1 million damages threat.

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Kennedy Center President Attacks Jazz Musician Over Trump-Linked Christmas Eve Exit
The Kennedy Center in Washington, DC, at the center of controversy after a Christmas Eve performance was canceled over political objections.

What was meant to be a festive Christmas Eve celebration at one of America’s most prestigious cultural venues has instead turned into a bitter public dispute—one that now sits at the crossroads of art, politics, and personal conviction.

The controversy erupted after jazz drummer and vibraphonist Chuck Redd abruptly canceled his scheduled Christmas Eve performance at the John F. Kennedy Center for the Performing Arts. His decision came just days after former president Donald Trump’s name was added to the building—an eleventh-hour change that Redd reportedly found objectionable.

“A political stunt,” says the Kennedy Center president

The reaction from the Kennedy Center’s leadership was swift—and scathing.

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In a sharply worded letter, Kennedy Center President Richard Grenell accused Redd of canceling the show for “partisan political reasons,” calling the move “classic intolerance.” Grenell went further, vowing to pursue $1 million in damages, arguing that the last-minute withdrawal harmed the institution financially and reputationally.

According to Grenell, the arts center had already invested heavily in the production, promotion, and staffing of the Christmas Eve event—making Redd’s decision not just symbolic, but costly.

The artist’s stand—and the wider debate

Redd’s exit has resonated far beyond the walls of the Kennedy Center. To supporters, the musician’s choice represents a principled stand—an artist refusing to perform under a banner that conflicts with his values. To critics, it’s an example of politics intruding where music should unify, not divide.

The Kennedy Center has long branded itself as a nonpartisan space, dedicated to celebrating artistic excellence across ideologies. Grenell’s letter underscores that position, arguing that political litmus tests have no place in public arts institutions—especially during a holiday performance meant to bring audiences together.

Kennedy Center President Attacks Jazz Musician Over Trump-Linked Christmas Eve Exit


When culture wars reach the concert hall

This episode reflects a broader tension rippling through American cultural life. In recent years, theaters, museums, and concert venues have increasingly found themselves pulled into political crossfire, forced to navigate questions once considered outside the realm of art.

What makes this moment especially charged is its timing. Christmas Eve, traditionally associated with reflection and unity, has instead become the backdrop for a dispute over names, symbols, and the limits of protest.

What happens next

Whether the Kennedy Center will actually pursue damages remains to be seen. Legal experts note that proving financial harm from an artist’s withdrawal—especially one rooted in political objection—could be complex.

Still, the message from Grenell is unmistakable: actions taken in the name of political expression may carry real consequences.

For audiences, the fallout is more immediate. A holiday concert is gone, replaced by a debate that asks uncomfortable questions about where art ends and activism begins.

As the dust settles, one thing is clear: this wasn’t just a canceled jazz show. It was a flashpoint—revealing how deeply America’s political divides now echo, even in the nation’s most storied concert halls.

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Politics

Trump Pardons California Fraudster He Previously Freed, Despite New Multimillion-Dollar Conviction

Adriana Camberos receives second act of clemency after returning to prison for separate fraud scheme

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Former U.S. President Donald Trump signs pardon documents as part of a recent wave of clemency actions
Former U.S. President Donald Trump signs pardon documents as part of a recent wave of clemency actions

Former U.S. President Donald Trump has pardoned Adriana Camberos, a California woman whose prison sentence he had already commuted during his first term — only for her to later be convicted again in a separate, multimillion-dollar fraud case.

Camberos, a San Diego-area resident, was first convicted in 2016 for her role in a massive counterfeit 5-Hour Energy scheme. A federal jury found that she and her then-husband Joseph Shayota conspired to distribute millions of fake energy drink bottles across the United States. Prosecutors said the counterfeit drinks were produced under unsanitary conditions by day laborers and sold at below-market prices.

She was sentenced to 26 months in federal prison but served just over half that time after Trump commuted her sentence in 2021.

Back Behind Bars After New Fraud Conviction

Camberos’ release proved short-lived. In 2024, she and her brother Andres Camberos were convicted in a separate federal case involving large-scale grocery and food distribution fraud.

According to prosecutors, the siblings lied to manufacturers to obtain wholesale food products at steep discounts, falsely claiming the goods would be sold in Mexico or supplied to prisons and rehabilitation centers. Instead, they allegedly resold the products to U.S. distributors at inflated prices.

Authorities said the pair used bank and mail fraud to conceal the scheme, earning millions of dollars that funded what prosecutors described as a lavish lifestyle — including a Lamborghini Huracán, multiple homes in the San Diego area, and a beachside condominium in Coronado.

Second Pardon Sparks Scrutiny

Despite the second conviction, Trump granted Camberos a full pardon this week, wiping away her latest sentence. The decision came amid a broader wave of clemencies issued by Trump during the early phase of his second term, many of them involving high-profile or politically connected defendants.

Administration officials have not offered a formal public explanation. However, a White House official speaking on background said the pardon was intended to “correct an earlier wrong,” claiming Camberos and her brother were unfairly targeted by prosecutors during the administration of former President Joe Biden.

The official alleged the case represented a politically motivated prosecution and argued that the conduct was standard practice within the Camberos family’s wholesale grocery business.

Former U.S. President Donald Trump signs pardon documents as part of a recent wave of clemency actions


A History of Controversial Clemencies

The Camberos pardon joins a growing list of controversial clemency decisions by Trump. Among others pardoned in recent years are former Illinois governor Rod Blagojevich, former Connecticut governor John Rowland, and former U.S. congressman Michael Grimm.

Trump has also extended pardons to reality TV personalities Todd Chrisley and Julie Chrisley, who were convicted of bank fraud and tax evasion.

These moves come amid broader concerns from legal experts and ethics watchdogs about the erosion of traditional safeguards surrounding presidential pardons — concerns amplified by Trump’s dismissal of the Justice Department’s pardon attorney.

Unanswered Questions

While authorities have not confirmed whether consumers were harmed by the counterfeit energy drink scheme, the Food and Drug Administration has previously linked energy shots to multiple deaths and life-threatening reactions during the period when the fake products were circulating.

For now, Camberos’ case stands as a rare example of a defendant receiving clemency twice from the same president — despite reoffending — raising renewed debate about accountability, justice, and the boundaries of executive power.

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