Watch Fed Chairman Jerome Powell speak after the central bank’s market-moving policy decision
You may listen to the man talk about putting the Genie back in the bottle at the link above. What an assured and measured sounding man.
It sure does sound like he has it all under control.
Maybe this is all that’s needed. Gold bugs, Austrian economists be damned. Let the Genie out and then when all is nice and happily back in growth mode (thanks to said inflationary Genie), shove him back in until he’s needed next time. Sounds so simple. But it’s interesting that the inflation trades did attend the 2yr yield and Fed Funds rate upward during the last commodity bubble that began in 2003.
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