Big News, Rate Rants, and Powell's Final Stretch
Financial Revelations with David Szafranski
Great news! My new book The Sin of Retirement is officially live! You can grab your copy today at sinofretirement.com or Lulu.com. It's a deep dive into retiring with mission, calling, and purpose—not just coasting to the finish line.
Now onto the hot topic of the week...
A sharp listener called me out recently: "You said interest rates would be down by now!"
You're right—I did. And they're not.
So what happened?
Two words: Chairman Powell.
He's playing it safe, likely trying to protect the Fed from accusations of election interference. Is it a smart move? Maybe. Is it a political stunt? Maybe that too. But the truth is, inflation data is cooling, and I still believe we'll see rates move down—likely to around 4.75%.
He only has a few months left on his term. So should he be replaced now? It's a fair question. At this stage, the damage is likely already done (or baked in), and replacing him could inject more chaos than confidence into the markets. But it's worth having the conversation.
Got a financial question for the show? Email me at Kory@epsf.com
Follow along on Twitter(X): @skibucks1
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