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Powell Says Words
Jerome Powell said some things on Friday.
Things like the US economy's still in a good place despite... well, despite some evidence to the contrary of late.
And things like uncertainty's running high, particularly regarding US trade policy.
He spoke at a monetary policy forum in New York, convened by the University Of Chicago's Booth School. If you ask Powell, "most" measures of long run inflation expectations are stable. The context there's obviously the dramatic overshoot on the five- to 10
Love the headline…haha
Powell words buoy market.
Journalists everywhere should be celebrating. The new Trump and Magat slogan is: ‘No pain, no gain.’
The jokes just sort of write themselves from there.
I hope there is a delay from slogan roll out till jokes aflowing. For reasons of ‘No Pain, No Gain’ to be imbedded into people’s hearts.
When the signal to noise ratio falls to zero, you are better off not listening.