Jerome Powell Speaks With David Rubenstein
Comment of the Day

February 07 2023

Commentary by Eoin Treacy

Jerome Powell Speaks With David Rubenstein

This summary from Bloomberg may be of interest to subscribers. Here is a section: 

Powell says the labor market report from Friday “underscores the message” he sent last week, that there’s a significant road ahead to get inflation down. There’s an expectation that inflation can come down painlessly, but “that’s not the base case.”

Eoin Treacy's view

The primary conclusion investors have taken from Jerome Powell’s interview today is pain might be coming but rates will quickly adjust when it does. The volatility on the Nasdaq-100 showed the development of this conclusion with a 1% advance, drop back to flat and recovery to finish up 1%. 

Click HERE to subscribe to Fuller Treacy Money Back to top