Home Watch Watch Live: Fed Chair Powell’s Hire-Wire-Act Press Conference

Watch Live: Fed Chair Powell’s Hire-Wire-Act Press Conference

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Fed Chair Powell simply has to tip-toe his way through the following six topics and all will be well:

  • Recovery? Optimistic but need more fiscal folly… but not optimistic enough to consider considering any policy action

  • Rates? Surging for the ‘right reason’… we’re ignoring fact that we should be trying to keep funding costs low

  • Inflation? Transitory and we’ll ignore… unless it gets out of hand fast.

  • Taper? Too soon, transitory, nope, no bubbles here.

  • SLR? Umm, Err, political, umm, err, FDIC, umm, err, discussing.

  • Dot-Plot? Market’s wrong, BTFD

That seems like a precarious high-wire to walk on without something breaking…

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The press conference is due to start at 1430ET:

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