On this week's episode of THE FINANCIAL COMMUTE, Wealth Advisor Mike Rudow joins Chris to discuss the Fed's decision to keep rates high.

Here are some key takeaways:

• Trump recently criticized the Fed for keeping rates high and hinted at wanting to replace Powell.
• Inflation has been stubbornly high, making it risky for the Fed to cut rates prematurely.
• Chris says the Fed is in a difficult position right now as the economy is slowing, tariffs are creating uncertainty, unemployment might be ticking up, and inflation may continue to rise. 
• Trump wants rates to come down because it could help stimulate businesses and increase borrowing/purchasing power for consumers. However, if we lower interest rates too quickly, it could potentially cause inflation to shoot up which would eventually increase rates. 
• Chris and Mike agree that building resilient portfolios is even more important in volatile, uncertain times like now.