The market has had a couple of days of correction, so wouldn't be surprised to hear more of "do what it takes for as long as it takes"... "money print Heaven".... "don't worry, there's no inflation". We'll see if the market is growing weary of his "money-print" mantra.
That works best when markets are deeply oversold and ready for a rally anyway. The Fed gets the credit When markets are over bought and ready to sell off anyway, what he says risks getting ignored and he and the risk Fed looking weak.
Yeah, that's sort of how it works. And some traders say, "TA doesn't work". The Fed sees the charts... knows when to flap its gums.
Powell... "Long way to go for full recovery". Read.... "LOTS MORE MONEY PRINTING FOR A LONG TIME... INFLATION* BE DAMNED!" * History shows that big inflation destroys countries and its people's wealth. So.... exactly why is the Fed pushing this destructive path? What's the political objective?? Where's the next Paul Volker? We need him!
they just kicking the can down the road. As long as dollar is world reserve currency with no alternative, they think trillions would not matter.
Same thing over and over and over. More free money. Markets show any weakness, the FOMC will be out flapping there lips on que. When will this madness end.