"Assessing Powell's Impact: Market Reactions and Goldman Sachs Takeaways"

Larry Kudlow discusses the ambiguity surrounding Fed Chair Jay Powell's recent performance and its impact on the stock market. He emphasizes the importance of maintaining the 2% inflation target and cautions against aggressive monetary policies due to rising price-level indicators and personal borrowing costs. Kudlow also highlights former Treasury Secretary Larry Summers' reconstruction of the CPI, revealing higher inflation rates than the official figures. Ultimately, Kudlow supports Powell's cautious approach in light of economic challenges and warns that the economic situation is more complex than official statistics suggest.