Jerome Powell The Fed chair will deliver a well-received speech in Jackson Hole on Friday. (Foto: Bloomberg) New York, Frankfurt Rarely have the expectations of the leading monetary politicians been as high as this year. At the weekend, central bankers and economists from all over the world meet in Jackson Hole, high up in the mountains … Read more
The day after the Fed raised interest rates, the Dow dropped thousands of points. What is the market panicking about? The bear market has just begun? On May 5, local time, panic selling emerged in the U.S. stock market, with the three major stock indexes completely giving back their gains from the previous day. The … Read more
Fed misjudged inflation, Powell’s last fight Source: Liu Qian, Zhu Xi If the Fed creates a tsunami in markets, they could be criticized for panicking. If they don’t raise rates enough, they could be criticized for not doing enough to deal with inflation. Whether Powell succeeds will profoundly affect the future direction of the economy … Read more