Two words from Fed Chair Jerome Powell moved markets last week: “JUST BELOW.” He was talking about short-term interest rates, which are just below neutral, a Goldilocks level that is designed to neither speed up-nor slow down-economic growth. Powell’s assessment was a change from a comment he made in early October, when he said rates were a “long way” from neutral.
Read MoreWith the release of the Labor Department's June employment report, it’s time to assess how the economy is doing, six months into 2018.
Read MoreNow that President Trump has named Jerome (“Jay”) Powell as the next Federal Reserve Chairman, to succeed Janet Yellen, you may experience one of those, “Why do I care about this?” moments.
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