We can easily do a 50 bps 'make-up cut' without disrupting anything: Evenflow Macro's Marc Sumerlin

Monetary Policy & Inflation - The Fed's current approach to inflation may be too rigid, as precise measurement and control are not feasible, suggesting a 1-3% inflation range is acceptable [3][4][5] - Current economic data suggests the Fed funds rate of 433% is too high, supported by the inverted yield curve indicating potential for a 50 basis point rate cut [6] - Tariffs are essentially a tax, partially paid by foreign entities, and may ultimately lead to lower inflation [8][10] Economic Outlook & Data - Recent revisions to job numbers indicate a weakening economy, aligning with previously weak GDP figures [6] - Uncertainty surrounding tariffs is weighing on the economy, potentially contributing to a lower GDP growth rate [16] - Tariffs represent a new source of revenue for the federal government [17] Tariffs & Trade - The impact of tariffs is being absorbed mainly in corporate profits, including foreign corporate profits [11][12] - The speaker disagrees with tariffing inputs like copper and parts needed by US companies, especially when competing with China [15] - The use of tariffs as a negotiating tool creates uncertainty for businesses [13][14] Fed Chair Candidacy - Mark Summerland has been mentioned as a possible candidate for Fed chair [1] - Summerland has been in regular contact with Treasury Secretary Bessant regarding monetary policy [18][19] - Summerland would consider the Fed chair position if aligned with the President's views, emphasizing the Fed's independence [21][22]