Fed expert says she doesn't expect a rate hike in 2026

• Judy Shelton does not expect Fed rate hikes in 2026, anticipating a downward move by year-end 2026 or early 2027.
• She views recent GDP growth (2.1%) as encouraging and inflation (PCE at 4.1%) as not alarming, attributing some inflation to geopolitical issues.
• Shelton agrees with the outlook for lower oil prices due to increased flow through the Strait of Hormuz, which helps ease inflationary pressure.
• She praises Treasury Secretary Bessent's speech on strengthening US supply chains and domestic production, aligning it with a 'free but fair' trade approach.

The discussion covers recent market performance, US economic growth, and inflation data. Judy Shelton, a former Fed nominee, expresses a dovish view on interest rates, not expecting hikes in 2026 and foreseeing a downward move. She also discusses oil prices and Treasury Secretary Bessent's economic policy framework emphasizing US production and supply chain leadership.