4min chapter

Forward Guidance cover image

The Powell Put Won't Save Stocks | Joseph Wang

Forward Guidance

CHAPTER

The Importance of Understanding Markets

On the FOMC, you have people with a variety of backgrounds. Usually there's always someone that people consider to be the brains of their phone. President Williams is actually famous for not having a Bloomberg terminal at all. He didn't know what his impact on markets was because he didn't understand markets at all. So I can see going forward that they misunderstand what they're doing.

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