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Daily Archives: January 11, 2019

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Jay Powell-Market View

Market View January 2019: The Fed Chairman’s Thud

Market ViewBy Frank BeckJanuary 11, 2019Leave a comment

2018 began with a roar and ended with a Federal Reserve Chairman’s thud. With a strong economy, the stock market was clicking along nicely until Fed Chairman Jerome Powell, during an October 3rd interview, said the Fed was a long way from “neutral” interest rates. In fact, he alluded to the possibility that the Fed might raise rates until they are “restrictive” to economic growth.

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