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The market now loves Jay PowellFed chair Jay Powell spoke Wednesday and the market's interpretation of his comments was clear — they think Powell and the Fed were freaked out by the market decline and will be acting accordingly. It's not clear how long that interpretation will last.
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Analysis | The Finance 202: Jay Powell isn't actually folding to Trump pressureBut interpretations of the Fed chair's comments sent stocks soaring. 'Jay Powell isn't actually folding to Trump pressure' By: Jay Powell PROOVE it Obviously, he is actually helping the president with the economy making sure it doesn't overheat and inflation doesn't go up by raising interest rates and therefore avoiding an economic crash.
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