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Three Fed Governors’ Forward View after the September 17, 2025, FOMC Meeting

Sep 17, 2025

Click here for a summary of Chair Powell, Governor Miran and Governor Bowman speeches at three conferences after the September 17, 2025, FOMC meeting. The summary offers each of their assumptions and framework for monetary policy going forward after a 25bp rate cut.  This is the first meeting for Governor Miran, and he was the only person who dissented on the 25bp cut preferring a 50bp cut.

Recent Insights

FOMC June 17, 2026, Press Release – What has changed?

Summary: Kevin Walsh presided over his first Federal Open Market Committee meeting as the Chairman, succeeding the immediate pass chairman, Jerome Powell, who remains as a governor on the Committee. At Chair Walsh’s April 21, 2026, Senate Banking Committee...

FOMC June 17, 2026, Press Conference Q&A Summary

New Chairmanship & New Initiatives At any institution, a change in leadership is a natural and timely opportunity to reaffirm its mission, to review current practices, and to consider whether those practices best meet our objectives. The Committee will be working...

Comments to PlanSponsor Panel on Personalization with Caution

Retirement Industry Eyes QDIA Personalization–With Caution[i] On June 3, 2026, PlanSponsor published an article summarizing the "QDIA Evolution" session at the 2026 PLANSPONSOR National Conference in Nashville, Tennessee. Panelists Brian Miller (Vanguard), John Doyle...

Rebuttal to Great Gray Article on Personalization

What Advisors Need to Know About Personalized Target Date Funds https://www.napa-net.org/news/2026/5/what-advisors-need-to-know-about-personalized-target-date-funds/ Philip Chao Founder and CIO Nexus338 Creator of iGPS, a personalized target date solution for defined...

2026 Q1 Commentary

Topics discussed in this quarter's commentary are: The Iran War Dimming of the Liberal World Order The Tariff Chaos The K-Shaped Economy AI-Labor Displacement Ballooning Deficit Conclusions & Expectations The first quarter commentary offers a more in-depth...