### Comment:
Sounds silly to me. Powell has always said in the most soft way possible that he won’t lower rates unless there is a good reason. Equities up and trade war abating are the opposite of good reasons. Maybe after next quarter of soft data but not this soon.

### REPLY:
He has repeatedly said 'act as appropriate to maintain the expansion' which the market interprets as 'we will keep cutting rates until GDP prints 3% again.' 
  
 (I am taking a short position for FOMC)

### END.