6 Words From Ex-Fed Chair Jerome Powell That Could Change Everything for Wall Street
Jerome Powell just issued a stark warning about the future of the Federal Reserve -- and the implications for your portfolio could be enormous.
6 Words From Ex-Fed Chair Jerome Powell That Could Change Everything for Wall Street
Overview
Wall Street runs on a handful of basic assumptions that most take for granted. One of the biggest: The Federal Reserve sets interest rates based on economics, not politics.
In late May, accepting the Profile in Courage Award at the JFK Presidential Library, the former Fed chair Jerome Powell said that the assumption could be in danger of breaking. He issues a six-word warning if that comes true: "The Fed's credibility would be lost.
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Details
Source
Originally published at www.fool.com.
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