#PowellRemarks
In emailed comments, Anderson wrote that the Fed's decision to keep interest rates unchanged on Wednesday was unsurprising.
"The Fed has flipped from a long-term data stance when inflation was raging, to this short-term data focus toward rising inflation, as we are seeing cracks in soft data coming from growth, consumers, labor markets, and housing," he said. "The Fed seems obsessed with tariff inflation and are willing to sacrifice employment and GDP growth before adjusting this stance."
Anderson added: "CPI and PCE should see further disinflation from housing over the next year as inventories continue to increase and prices start to decrease."
