Federal Reserve Chairman Jerome Powell will take the podium at the Eccles Building Wednesday afternoon for his 39th “Fed Day” since becoming the world’s most influential central banker back in 2018.
That’s better than the roughly 0.2% average gain for the large-cap index under Powell’s predecessor, current Treasury Secretary Janet Yellen, who served as Fed chief for just one term between 2014 and 2018. So far, 2022 has been a rocky year for stocks and bonds, with the S&P 500 down 19.6% as the Fed has aggressively raised its benchmark interest rate at the fastest pace since at least the 1980s to try and tame rampant inflation.
It reacted… standard and poorly
Nederland Laatste Nieuws, Nederland Headlines
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What Fed Chair Powell can say to keep the stock-market rally going --- or kill itWhatever Federal Reserve Chairman Jerome Powell says when he steps up to the podium on Wednesday will likely have ramifications for financial markets. Basically all he can say is we're f***** and he resigns LPNational Hopefully he’ll resign as he has been a disaster Deep stuff..
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