“..but Powell was a member of the firm’s powerful investment committee and participated in all the firm’s U.S. buyout activities. His affinity for the private equity world would become clear in 2020 when under his tutelage, the Federal Reserve would announce an unprecedented program to buy $750 billion of corporate bonds, shoring up the market that is crucial for the privateers.”
These Are the Plunderers
Gretchen Morgenson & Joshua Rosner
#privateEquity #bookstodon #nonfiction #jayPowell

UST yield curve inversion -- UST #futures have moved a lot in reaction to recent commentary from #Fed Chair #JayPowell indicating that a rate cut isn’t coming anytime soon, chart @YahooFinance https://shorturl.at/inTWY

The #Fed decision on #interestrates is due in a little over an hour. A #producerpriceindex that showed rapidly slowing #inflation should cement a skip or pause in the tightening cycle this month. Then it will be up to #jaypowell to either calm or roil the #FinancialMarkets Buckle up! #stocks #bonds #stockmarket #bondmarket #economy

What if Jay Powell is wrong? Maybe he should lay-off the levers for awhile and see how things settle. #JayPowell