Why the Fed shouldn't be cutting rates 'at all' right now

Why the Fed shouldn't be cutting rates 'at all' right now

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Sun, January 11, 2026 at 2:00 PM EST

Slatestone Wealth chief market strategist Kenny Polcari sits down with Opening Bid host Brian Sozzi to explain why he doesn't think the Federal Reserve needs to cut interest rates anytime soon.

To watch more expert insights and analysis on the latest market action, check out more Opening Bid.

Video Transcript

00:00

Speaker A

Is the market pricing in a big year for the Federal Reserve? More rate cuts, new dovish Fed chair. We're going to cut rates, we're going to get more consumer spending, the Dow is going to go hit 60,000.

00:09

Speaker B

Listen, you get the new Fed chair for sure is going to be dovish. We already know that because they're going to be in Trump's pocket and he wants to force rates low. But there are three or four, maybe five current voting members that are in this camp going, whoa, slow down a minute. We don't really think we need to cut rates because remember, they can cut rates, they risk, uh they risk, uh igniting the fire under inflation again, which is where they do not want to go, in my opinion. So I'm in the camp that the Fed should do nothing. I think rates are good where they are, neutral based on the economic data that I'm seeing. If Stevie Miron and the rest of them are looking at a second set of data and they're playing I got a secret, you know, I can't help you, but based on what I see, I don't think they should be cutting rates at all. But I think the market is expecting uh one or two cuts just based on the rhetoric and the narrative that they're pushing.

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