The Fed did what they said they were going to do and cut rates before meeting the 2% target.
They did not say or do these things:
I guess we can take Powell and team at their word based on the recent tightening/loosening cycle. They are good faith technocrats, lending credibility to their institution at a time when so many question their competence and motives.
I just think they are smart, good people (with families, lawns needing cutting, cars needing oil changes - you know, people like you and me), doing the best they can with the tools at their disposal to follow their institutional mandate. And do this in turbulent times.
Thank you Fed technocrats.