All-In with Chamath, Jason, Sacks & Friedberg
Big Fed rate cuts, AI killing call centers, $50B govt boondoggle, VC's rough years, Trump/Kamala
Chamath
On Wednesday, Fed cut interest rates by a half a percentage point. Taking them down off of a 23-year high. We've been talking about this, God, for two years here on this podcast. First rate cut since March of 2020, which is about when we started this podcast. Jay Powell basically said the Fed thinks inflation is coming down to around 2% nicely.
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