MacroVoices Erik Townsend &amp; Patrick Ceresna welcome, Jim Bianco. They will discuss this weeks FOMC meeting. https://bit.ly/4wz7e16 ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://secure.bigpicturetrading.com/membership/signup/fOY4YJYX 🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 🔴 Subscribe to Erik&#x27;s Substack: https://eriktownsend.substack.com/

MacroVoices #543 Jim Bianco: Who Solves Inflation The FED or The Market?

Macro Voices

Bond traders can stop panicking when the FED starts panicking. Well, the FED didn't panic today, so bond traders panicked. That was Jim Bianco. I'm Erik Townsend, and this is Macro Voices, the free weekly podcast targeting professional finance and sophisticated private investors. Episode 543 was produced on July 30th, 2026.

Jim Bianco and I will discuss this week's FOMC meeting and how it led the 30-year Treasury note to a 19-year record high print of 5.20. We'll talk about the impact on bond and stock markets, the state of the economy, the Iran conflict, and artificial intelligence in this week's episode. And after the feature interview, Patrick's going to turn Jim Bianco's market outlook into a risk-defined trade. And I'm Patrick Ceresna. Let's dive straight into this interview.

Well, Jim, it's great to get you back on the show. We wanted to line you up for an FOMC week, and boy, they gave you plenty to talk about. There was no action at the meeting, in theory, although there certainly is news out of the meeting. So give us some color on what happened, why it's significant. Yeah, so you're right. The markets had a wild reaction to the Fed. Let me start with the bigger picture so everybody understands what's going on with this Fed.

Trump has been bashing the Fed for two years, and the Fed has been very worried about their independence. And the way that they have resolved their problem with independence is the voters now are starting to act independently. I know I'm using the word independence a lot here. And so that's why you're starting to see a lot of dissents. And we had three dissents today that were in favor of hiking rates today.

MacroVoices #543 Jim Bianco: Who Solves Inflation The FED or The Market?

Read the full transcript

The candid version is on a podcast,
not the earnings call.

MacroVoices #543 Jim Bianco: Who Solves Inflation The FED or The Market?

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.