Thoughtful Money with Adam Taggart · Thursday, July 2, 2026
Adam Taggart questions Darius Dale on the Fed's decision to hold rates, suggesting the easing of oil prices and the US-Iran MOU might have influenced the FOMC. Dale agrees the Fed wants time to differentiate between energy shock inflation and core dynamics.
“Um, what is your interpretation of all that? Is that, to you, signaling that the Fed may actually indeed look through, uh, the inflation here and not end up hiking eventually?”
“Uh, so the first thing I will say is, uh, I think that Kevin Warsh and his colleagues on the FOMC made the appropriate choice to, uh, to, you know, withhold, you know, hold off on hiking, uh, a couple of weeks ago. And the reason why is because they want to buy themselves time to actually discern how much inflation is being driven by, let's say, the, uh, energy supply shock and the resultant price increases that we saw from that, which is obviously reversed materially in recent weeks.”