The David Lin Report · Saturday, September 5, 2026
Devlyn Steele, Director of Education at Augusta Precious Metals, commented on the Federal Reserve's potential actions, suggesting that new Fed Chair Kevin Walsh's approach may differ from historical patterns. Steele noted that while economic data initially pointed towards a rate hike, Trump's statements did not significantly alter market probabilities, which remained focused on the numbers.
“So I think it had the unintended consequence of going the other way.”
“Presidents and and Trump is not the first president to go to war with the Federal Reserve or try to reshape the economy in their own words.”
“They're not paying attention to what Trump is saying. They're paying attention to the numbers and based on the numbers, what that probability of a rate hike is.”