Behind the Markets Podcast · Friday, July 31, 2026
Professor Jeremy Siegel expressed disappointment with the Federal Reserve Chair's recent press conference, stating that the Chair failed to adequately explain his decisions regarding interest rates. Siegel suggested the Chair could have provided more information on factors like oil price shocks and productivity gains.
“Yeah, as you know, I I voiced my opinion on that day. Uh, I thought it was a very poor press conference.”
“Um, I thought he did not explain his position, which is purely defensible.”
“I mean, if I was probably in his position, I would probably be, you know, on slightly on the border of not hiking this time with all the uncertainty of oil and going up and down and and all the rest, uh, being dominant there.”