My big worry with the Fed and why we’re in a holding pattern

Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee on January 29, 2020 in Washington, DC.

Samuel Corum | Getty

There is a broad perception that Federal Reserve Chairman Jerome Powell doesn’t care about corporate news at all. It is strictly a creature of the government’s major economic reports – the consumer price index, producer price index, industrial production, retail sales and, of course, employment figures not agricultural. He also cares about what his colleagues at the Fed say. But for most, a revenue explosion is a tree falling in the woods: it’s not there to hear it make noise.

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