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Starting today!
The era of Federal Reserve Chairman Powell is about to officially come to an end!
Back then, whenever the Federal Reserve held a press conference,
traders across the internet would be glued to live streams, watching the rate decision meeting,
just to hear his classic phrase:
good afternoon or hello everyone
These are the two most expensive words in the market.
Now, this familiar market veteran is bidding us farewell.
Completing a full eight-year term as chairman, navigating through eight years of challenges:
sudden pandemic, misjudged inflation, aggressive rate hikes, banking crises,
overcoming wave after wave of difficulties, steadfastly maintaining a soft landing for the economy.
From now on, there will be no more Powell in the arena; a brand new script for the Federal Reserve’s market performance is officially beginning!