JEROME POWELL GETS THE MESSAGE

by Jim Quinn

After yesterday’s Federal Reserve Meeting, Jerome Powell completed his one month transformation from an independent hawkish Chairman trying to do what is right for the country to a weak kneed Wall Street lackey doing their bidding, just as Yellen, Bernanke and Greenspan had done before. It appears he was summoned to a dark room about a month ago and given a talking to. Much like this speech.