No Mr. Rickards - the Fed and the bankers were crushed by donald Trump's XMAS Dow resurrection and t | Old NEM MB Message Board Posts

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Msg  56479 of 56952  at  1/11/2019 6:44:49 PM  by

zeno451


No Mr. Rickards - the Fed and the bankers were crushed by donald Trump's XMAS Dow resurrection and the jobs report

Fed Chair Jerome Powell Caves To The Markets
January 11, 2019 by IWB

by Jim Rickards via Daily Reckoning

Fed Chair Jay Powell just sent the most powerful signal from the Fed since March 2015.

He has pretty much taken a March 2019 rate hike off the table until further notice. At a forum hosted by the American Economic Association in Atlanta last Friday, Powell used the word “patient” to describe the Fed’s approach to the next interest rate hike.

When Powell did this, he was reading from a script of prepared remarks in what was otherwise billed as a “roundtable discussion.”

https://www.investmentwatchblog.com/fed-chair-jerome-powell-caves-to-the-markets/


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