Alex Coffey

I want to thank my family and my team for their continued support throughout every step of my professional career. When I was a child, I always dreamed about competing on the @PGATOUR, and I am just as excited today to announce that I am returning to the PGA TOUR. Being closer to home and spending more time with my family makes this opportunity especially meaningful to me. I believe in where the PGA TOUR is headed with new leadership, new investors, and an equity program that gives players a meaningful ownership stake. I also understand there are financial penalties associated with this decision, and I accept those. Finally, I want to thank the fans. Your support means more to me today than ever before, and I look forward to seeing you soon at the Farmers Insurance Open and WM Phoenix Open.

This chart—from Nick Timiraos’s article, “Fed’s fractured vote signals trouble ahead for future rate cuts”—illustrates the multi-year evolution leading to yesterday’s outcome. Notably, “roughly a third of the policymakers who attend Fed meetings” did not support the decision. As discussed in my earlier posts, this split is driven by several factors including Conflicting Pressures: Strain on both sides of the Fed’s dual mandate. Divergent Sensitivities: Officials are weighing these risks differently. Labor Market Ambiguity: Tricky analytical questions regarding employment data. Vision & Leadership: Excessive data dependency, the lack of a unifying forward-looking vision, and the “lame duck” status of Chair Powell. #economy #federalreserve @WSJ @NickTimiraos #markets