# #97 The Fed's new chair just showed markets he'd rather they guess Page: https://stenobird.com/podcast/the-investment-perspective-with-ninety-one-7065967/97-the-fed-s-new-chair-just-showed-markets-he-d-rather-they-guess Text version: https://stenobird.com/podcast/the-investment-perspective-with-ninety-one-7065967/97-the-fed-s-new-chair-just-showed-markets-he-d-rather-they-guess.md Podcast: [The Investment Perspective, with Ninety One](https://stenobird.com/podcast/the-investment-perspective-with-ninety-one-7065967) Published: 2026-07-30T13:55:00+00:00 Episode link: https://shows.acast.com/the-investment-perspective-with-ninety-one/episodes/97 Audio file: https://sphinx.acast.com/p/open/s/6704f63a835696b02f258dd3/e/6a6b3cec37bc272502a1741b/media.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/the-investment-perspective-with-ninety-one-7065967/episodes/97-the-fed-s-new-chair-just-showed-markets-he-d-rather-they-guess Duration seconds: 410 ## Resource The US Federal Reserve held rates steady for a fifth straight meeting, but three dissents and a chair who won't give forward guidance left bond markets more unsettled than the decision itself. John Stopford explains why the confusion matters more than the vote, and what it means for positioning across bonds and equities. Hosted on Acast. See acast.com/privacy for more information. ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/the-investment-perspective-with-ninety-one-7065967/episodes/97-the-fed-s-new-chair-just-showed-markets-he-d-rather-they-guess/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/the-investment-perspective-with-ninety-one-7065967/97-the-fed-s-new-chair-just-showed-markets-he-d-rather-they-guess.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.