Ep. 54 - Steel your face

Market Chat

The Days Ahead: Italy heads to the polls. Non-farm payroll numbers. More fall-out from trade. Jerome Powell did rather well in the semi-annual report to the House and Senate. His comments were slightly hawkish. Two points stood out. One, he said that the Fed will “continue to strike a balance between avoiding an overheated economy and bringing PCE price inflation to 2%.” No argument on the second but the Fed’s mandate is employment and inflation not avoiding growth. So, yeah, that was odd. Two, he said he finds "rule prescriptions helpful”, which is something the Fed has not pursued (thankfully) for the last few years otherwise Taylor rules and Philips curves would have led to much tighter policy. If you want to join us live next time or get future updates about new episodes, subscribe to our email newsletter: bandjadvisors.com/subscribe Did you like this podcast? Be sure to rate, review, and ask us your questions! We'll answer them in the next episode. We appreciate your feedback. Learn more about Brouwer & Janachowski: http://bandjadvisors.com