Founder and CEO of KKM Financial, Jeff Kilburg shared his perspective on the Federal Reserve’s challenges in cutting interest rates. He highlighted the complexities faced by the Fed, referencing comments from Janet Yellen about vulnerabilities in AI stocks. What Happened: On Thursday, during CNBC’s “Last Call,” Kilburg highlighted that with core inflation nowhere close to the set 2% mark, the Federal Reserve needs more data before it can initiate a rate cut in December. “As badly as they want to cut, they can’t,” he said emphasizing the difficulties the Fed encounters in making rate cuts. “Jan…
