A Refreshing New Era at the Fed Has Arrived

With the first FOMC meeting and press conference led by Chairman Powell out of the way now, investors were given an excellent look at the beginning of a new era at the Fed. Powell, coming from a business and legal background, takes the reins after 12 years of career academics having had the Fed's top spot.

The difference in background and approach was evident in how Powell responded to questions from the press. When specifically questioned about various inflation and employment relationships, Powell used terms like "unobservable" and "disparate" to describe the underlying data and how the views on those subjects are at the Fed. These were candid answers that come from a person not being overly biased by any one particular economic theory as most traditional economists are....463 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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