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Fed chair Powell predicts no recession in 2019The Fed chair said Thursday the economy has 'good momentum' and he doesn't see a major downturn ahead. Maybe Powell ought to have resigned when trump was mad at him. That is, unless realDonaldTrump continues with his Crusade for Maximum Stupidity. will file this for later under freezing cold takes
Source: washingtonpost - 🏆 95. / 72 Read more »
Former Dallas Fed President: Fed will focus on real economy, not markets'They will adjust, they will be flexible, they will be patient,' Fmr. Dallas Fed President Richard Fisher said he doesn't understand why the market is so nervous about Fed policy decisions. 'This is standard Federal Reserve rhetoric.' Trying to wreck Trump's Economic Rally How is it possible that Powell and the fed board talk so much while saying so little. They should just release an emoji once a year. 👍👎 It was the 233% increase in rates in 21 months with promises of more that was problematic! 🙄
Source: CNBC - 🏆 12. / 72 Read more »
A Fed pause won't be the Fed riding to the rescue, says Bessemer CIO'Eyes wide open.' Bessemer Trust CIO Rebecca Patterson says she has a more bullish outlook for 2019, but doesn't think we're 'necessarily out of the woods. I want to temper my enthusiasm a bit.' Did she have a more bullish outlook for 2018, perchance?
Source: CNBC - 🏆 12. / 72 Read more »
Watch Fed Chairman Powell discuss the economyWatch Federal Reserve Chairman Jerome Powell be interviewed at the Economic Club of Washington, D.C. on Thursday. Powell’s comments come as a flurry of central bank officials have said the Fed can be patient in assessing economic data before making further interest-rate hikes.
Source: MarketWatch - 🏆 3. / 97 Read more »