The Fed Just Laid All Its Cards on the Table. Should We Buy In? | | |
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Inflation, spikes in bond rates, big-name tech crashing… There's so much chaos it's almost funny. Then there's the latest quarterly meeting, where Federal Reserve Chair Jerome Powell was supposed to save the day.
Well, that's not exactly what happened...
Powell delivered his remarks Wednesday on the state of the U.S. economy, the stock market, employment and inflation...
And we have something to say — and laugh — about it.
This isn't Ben Bernanke's Federal Reserve anymore. Bernanke played things close to the vest. This Fed telegraphs everything. There is nothing to hide when it comes to Powell's policy. And that's not a good thing for the markets... | | |
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