Watch Live: Fed Chair Powell’s Hire-Wire-Act Press Conference
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…
The press conference is due to start at 1430ET:
Wed, 03/17/2021 – 14:25