The Fed’s “Emperor Has No Clothes” Moment
There’s a popular saying among investors: “Don’t fight the Fed.”
That means when the Federal Reserve keeps interest rates low in order to boost the economy, it’s time to be bullish and make aggressive investments.
But on Wednesday, Fed Chairman Jerome Powell had an “emperor has no clothes” moment that you should be concerned about.
In today’s Market Insights video, my colleague Michael Carr and I discuss how the Fed’s role has changed in today’s economy.
Editor, Automatic Fortunes