| If the economy were struggling, Vargas said, hordes of media members would've flocked to Capitol Hill and listened closely to Powell's every word, like vultures circling their prey. But only a few media attended the hearing, which Vargas took as a sign of a boring, stable economy. Powell agreed that the economy has been strong, citing steady GDP growth, inflation hovering near its lowest level in over three years, and unemployment remaining near 55-year lows despite a slight uptick in June. All of this underscores a point that Chief Income Strategist Marc Lichtenfeld has been making for quite a while now: Powell and Co. are not going to cut interest rates until they see clear signs of an economic slowdown, as cutting rates too soon would risk reigniting inflation. With Powell back in the news this week, I wanted to send you the highlights from one of Marc's live video sessions about the Fed's long-term interest rate plan. The session was held in The Oxford Clubroom (our livestreaming platform) a few months ago, but I still encourage you to check it out. It contains some valuable information that could be a big help to conservative investors. Just click the image above to watch. Good investing, James P.S. Back in January, one of Marc's 10 predictions in The Oxford Income Letter was that the Fed would cut rates no more than twice in 2024 - not six times, as the consensus believed at the time. And earlier this week in the July issue, Marc issued a "six-month scorecard" for all 10 of his predictions. The jury's still out on some of them, but others - like that interest rate forecast - are looking rock-solid. You can get all 10 of Marc's predictions and read his midyear update on each of them by becoming an Oxford Income Letter subscriber. (This will also give you access to all of Marc's future Clubroom sessions!) Click here to join today and claim a special discount! | 
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