Powell Didn’t Try To Kill The Rally. And That’s Notable

There wasn't much America's beleaguered technocrat in chief could've said differently this week to short circuit the rebound on Wall Street. And maybe he wasn't trying. I should probably rephrase: There wasn't much Jerome Powell could've said differently without changing the narrative as expounded by the November FOMC statement, his own remarks at last month's post-FOMC meeting press conference, subsequent remarks from his colleagues and minutes from last month's policy gathering. A "step down
Every story you need, no story you don't. Get the best daily market and macroeconomic commentary anywhere for less than $7 per month. Subscribe or log in to continue.

One thought on “Powell Didn’t Try To Kill The Rally. And That’s Notable

  1. well … with Dems losing the House, the US with a divided Congress, won’t be passing any major fiscal stimulus over the next two years…while Powell doesn’t admittedly understand inflation dynamics I gotta believe he understands the economic effects of political gridlock…

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints