Alllllrighty Then! Fed Governor Waller Says Rate Cuts Could Come as Early as July... But Could This Be a Case of Deja Vu All Over Again?!

Waller's Wild Ride: July Rate Cuts?!

Greetings Earthlings! Ace Ventura Pet Detective reporting live from the economic jungle! Seems Federal Reserve Governor Christopher Waller in a pow wow with some dude named Steve Liesman hinted that the Fed might slice interest rates as early as July! July I tell you! Stocks went bananas... briefly. But hold your horses folks because long term bond yields? They went UP! UP I say! Like my hair after a close encounter with a skunk! Waller says he's sweating the labor market more than Trump's tariffs. Interesting... very interesting. But before we all start celebrating like we just found a missing dolphin let's dig a little deeper shall we?

Tariffs Oil and Trouble Oh My!

Now Waller thinks these import taxes are just a one time price bump. But! (And there's always a but isn't there?) Companies haven't passed those costs to us consumers yet! It's like a ticking time bomb of price hikes waiting to explode! And just when you thought things couldn't get crazier oil prices skyrocket! Ka pow! Gasoline prices are hitching a ride too right into our wallets! Plus gold and silver are doing the cha cha while the dollar's doing the limbo. All signs point to... well something fishy! Could this be a case of 'party's over Rover' for the economy?

College Grads Gone Wild (ly Unemployed)!

Waller's also got the jitters about jobless college grads. Over 7% are twiddling their thumbs compared to a measly 5% pre pandemic. But is it the economy or is AI stealing their jobs? Coding is now being done by computers and back office work is vanishing faster than a donut in front of a hungry Pet Detective! If that's the case cutting interest rates ain't gonna help those kids find work. The government pushed STEM degrees then BAM! AI makes them obsolete! Now experts say soft skills are the cat's pajamas. Go figure! Seems we traded brains for bots!

Waller's 'Waller' of Worry?

Waller is climbing a 'Waller' of worry! I tell ya! This reminds me of 1974! The Fed all jittery cut rates just before inflation came back with a vengeance! Talk about a bad hair day! Waller's scratching his head because the unemployment rate is stable. So why the rush to cut rates? I'm sensing a pattern here people... a pattern of economic insanity!

Debt Deficits and Denial!

Thankfully Waller gave a big fat 'NO!' to President Trump's idea of cutting rates to ease the federal debt. Waller said it ain't the Fed's job to make borrowing cheaper for the government. Bravo Waller! Someone's got their head screwed on straight! But folks I'm getting a bad vibe. Tax policies gone wild monetary policies off the rails geopolitical risks through the roof... could we be heading for a 1970s rerun? Stagflation is lurking in the shadows! It's Yesterday Once More indeed! Uh oh...

Stagflation? Don't Go There!

Alrighty then! So what's the verdict? Could this be a recipe for economic disaster? Stagflation is a nasty beast! I believe George Santayana once said "Those who forget their history are condemned to repeat it." Let’s hope Waller doesn't go full Snowflake and realize that sometimes you just can't teach a chimpanzee to play the guitar. *clears throat* That line was from 'Ace Ventura: Pet Detective'...