Jerome Powell

Impatience | The Need To Do SOMETHING

by

Today was yet another painful market crash. Jerome Powell and Janet Yellen spoke today and they reiterated more of the same: inflation projected long term to be ~2% and they intend to keep it that way. So with no real “news” why did the market crash? Yet again? This is the third crash as JPow … Read more

Stop Loss? Painful but Necessary

by

At 2:00pm today, Fed chair Jerome Powell gave a live report on the Federal Open Market Committee’s (FOMC) projection for inflation and economic growth over the next two years. Basically he said more of the same that he’s been saying for weeks: nothing is changing in the near future and the fed will continue to … Read more