The David Lin Report · Thursday, July 30, 2026
Komal Sri-Kumar criticized the Federal Reserve's decision to hold rates steady, stating that the markets reacted negatively due to a perceived lack of action from the central bank. He believes the Fed is not doing enough to combat inflation and that the market's reaction, including a 1000-point drop in the Dow, stemmed from this inaction.
“What we saw was a Federal Reserve where the members collect their salaries, including the chairman, but they don't want to act.”
“They tell you that they want to bring inflation down to 2%, but they don't do anything about it.”
“And that's what I think the market was reacting to.”