Hyman Would Be 'Shocked' If Fed Cut Isn't a Half Point

• 00:00Now you're in my camp and which is like the economy's buzzing along pretty well. You used to be looking for a recession, and last week you said you had to make the tough decision to flip it. Why? Because the economy's buzzing along. And, you know, one of the things that I pride myself on is being practical. I'm a bottom up. I listen to people. I look where I am. And I walked over here. It's buzzing along. And the system's awash with liquidity. The markets are at a new high. You know, the Dow hit a new high yesterday, so let's not, uh. And then I had to have. I've been pushing my recession forecast out. Yeah. And my friends have been laughing at me. They say, Ed, you'll be right. Eventually we'll have a recession someday. So I had the fourth quarter down, and it's not going to be down, you know? So just be clear. You said you kept pushing it out. Is it just gone? Soft landing. Here we come. No recession in view? That's correct. Okay. So no recession. And you then tell us about this 2550 cut debate. Where do you land on it if a recession is not on? And if they don't if they don't do 50 tomorrow, I'll be shocked. I've been at this a long time. And the Fed uses. They have a system where they use people at the Journal or the Financial Times to communicate with us, with you, Matt, about what they're going to do. They would use me for that, you know, Can you get them to call me? You're too expensive. That's the problem. So you and so they've they've they've said, you know, pretty clearly they're going to do it. But at this point of where I cut things with they do 25 or 50, they do 25, they'll blather on pretty quick that they're going to do more later. Yeah. So you have now a pretty optimistic call in the economy. Why does the Fed need to be? I guess Gabriela Santos said they're going to calibrate with this 50 basis point cut, but did they really need to be a heck of a lot lower? Does five and a half percent seem super restrictive to you? Well, this gets into my old self. Yes. Inflation is probably down to two exaggerating, but let's say it's down a lot. And the yield curve been inverted for the longest time ever by a lot in almost a year. And my growth is about 2%, which is pretty skinny. And this all this stuff leads by a year or two. So if they want to make a difference, they need to look ahead. And so I think they've sort of taken a few pages out of my playbook free of charge. And so they're making a preemptive move here. I don't know if there's any politics involved, do you think? Do you think I mean, we have Elizabeth Warren are coming out. You should go 75 basis points. Is there going to be a political element to this decision? What do you think? I mean, what they do now know what they do now could really change the economic landscape. But if the market was going to go down, this could change that.

No schedule data available.