Crux note: The Stansberry NewsWire team is all ears when the new Fed chair takes the microphone… Catch up on their coverage of this story here and here.
From Scott Garliss at the Stansberry NewsWire:
Federal Reserve chair Jerome Powell spoke this past Friday at the Economic Club of Chicago…
We have discussed the market sell-offs around his speeches. The problem has been his messaging… While Mr. Powell talks up the health of the economy, at the same time, he invariably hypes the inflation potential and spooks the markets.
This past Friday was much the same. Mr. Powell once again spoke to the health of the U.S. economy. He expressed his optimism regarding the strength of the financial system. He reiterated his stance that the labor market appeared close to full employment… He stuck to the script that maintaining the path of gradual rate hikes is in the Fed’s best interest…
And then it
