Opinion

Don't fight the Fed – at least, not yet

The US central bank has made it clear it will keep propping markets – at least until inflation takes off. Betting against it would be a bad idea. But, says John Stepek, don’t make the mistake of thinking the Fed is an all-powerful master of the markets.

.imgHideOnJavaScriptDisabled_a0rddqkrnm9fr2 { display: none !important; }

by: John Stepek

30 Jul 2020

Jerome Powell:not an omnipotent master of the markets

Free, fast, fair

Continue reading this article and get instant access to even more investment news by registering your details below:

Email address

First Name Last Name

We will use the details you have shared to manage your registration. You agree to the processing, storage, sharing and use of this information for the purpose of managing your registration as described in our Privacy Policy.

Would you like to receive the Money Morning daily briefing newsletter?

We will use the details you have shared to manage your newsletter subscription. You agree to the processing, storage, sharing and use of this information for the purpose of managing your subscription as described in our Privacy Policy.

We will use the information you have shared for carefully considered and specific purposes, where we believe we have a legitimate case to do so, for example to send you communications about similar products and services we offer. You can find out more about our legitimate interest activity in our privacy policy.

If you wish to object to the use of your data in this way, please tick here.

‘We’ includes MoneyWeek and other Dennis Group brands as detailed here

Create a password

Don't fight the Fed – at least, not yet

The US central bank has made it clear it will keep propping markets – at least until inflation takes off. Betting against it would be a bad idea. But, says John Stepek, don’t make the mistake of thinking the Fed is an all-powerful master of the markets.

Free, fast, fair

Reset your password

Recommended

Most Popular

Subscribe to MoneyWeek and get your first six issues FREE

Don't fight the Fed – at least, not yet

The US central bank has made it clear it will keep propping markets – at least until inflation takes off. Betting against it would be a bad idea. But, says John Stepek, don’t make the mistake of thinking the Fed is an all-powerful master of the markets.

Free, fast, fair

Login

Reset your password

Recommended

Most Popular