Jerome Powell’s crucial week analyzed
The Federal Reserve, led by Jerome Powell, has been at the center of recent economic discussions. The focus has been on the Fed’s stance on interest rates and inflation and how these decisions impact the stock market. This week is particularly crucial for Powell’s legacy as Fed Chairman as the market awaits his response to recent inflation trends and the potential impact of interest rate cuts. Early victory declarationPowell declared victory over inflation in the Federal Reserve’s early November meeting. He announced that the inflationary beast had been tamed and was heading back to the 2% tar...