Rediker: Powell Is a ‘Tempering Influence' on Fed Board

• Douglas Rediker views Jerome Powell's continued presence on the Fed Board as a 'tempering influence' on current Fed Chair Kevin Warsh.
• The US September jobs report showed +29K nonfarm payrolls (vs. 90K estimate) and a -60K two-month revision, with unemployment at 4.2%.
• The Fed is unlikely to hike rates before the midterms, with recent softer jobs data providing an 'excuse' to avoid a politically charged move.
• G7's release of 100 million barrels of diesel/crude is seen as a short-term fix, not a long-term supply addition, and potentially a political maneuver.

The discussion covers former Fed Chair Jerome Powell's 'tempering influence' on the current Fed board, the softer-than-expected US September jobs report, and the likelihood of a Fed rate hike before midterms. It also touches on the G7's diesel release as a short-term fix and the political optics of AI executives meeting with President Trump, highlighting underlying economic uncertainties.