No matter what Federal Reserve Chairman Jerome Powell tells market participants these days, it seems they only hear the good stuff. Two recent examples: First in July, when Powell hinted that smaller interest rate hikes could be on the way. The second was last week, when the central bank leader seemed to confirm that the end of the consecutive 0.75 percentage point increases actually was at hand.
A month and a half later, Powell delivered an uncharacteristically terse speech at the Fed's annual Jackson Hole, Wyoming summit. The brief comments noted the Fed would keep rates higher "for some time," promised that policymakers would "use our tools forcefully" to tackle inflation" and cautioned that tight monetary policy likely would result in "some pain" for the economy.
LPL “Barr's comments aligned closely with Powell's, which sparked a stock-market surge as investors cheered what they heard as a dovish message that the current round of policy tightening would end sooner than thought.”
I miss the good old days when the Fed shut up until they had to speak at the FOMC meetings.
I don’t think is Jpowel is the media interpretation on the data. Focus only in one point not the big picture. Recent drop is because the job report but media can say is the economy still strong and take high rates.
tradingwizard_ True
Powell is trying to hurt President Biden.
He is having a communications problem because inflation abruptly declined in July from the blistering pace seen in the first half of the year, but the Fed had just started its rate normalization. He needed to keep the ultra high inflation narrative going longer
Elon needs to show him the exit door!
The media trying hard to manipulate the market for hidden reasons .
I think the media is manipulating the market and they misinterpreted any communication from the the Fed .
Because it’s confusing. One day he says we are not going into a recession the next day he says we should brace for a hard landing :/