This weekend we discussed the possibility of Fed Chair Jerome Powell doing a 180 in today's testimony before the Senate Committee on Banking, Housing, and Urban Affairs.

Well, his performance so far has exceeded our wildest expectations: Powell has done not just one “180” but a series. A whole pirouette, if you will.

This weekend we discussed the possibility of Fed Chair Jerome Powell doing a 180 in today's testimony before the Senate Committee on Banking, Housing, and Urban Affairs. Well, his performance so far has exceeded our wildest expectations: Powell has done not just one “180” but a series. A whole pirouette, if you will.

This weekend we discussed the possibility of Fed Chair Jerome Powell doing a 180 in today's testimony before the Senate Committee on Banking, Housing, and Urban Affairs.

Well, his performance so far has exceeded our wildest expectations: Powell has done not just one “180” but a series. A whole pirouette, if you will.

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The Powell Pirouette.

Our mission is to provide you with a unique insight into the trends and events that move our financial markets. 
We’re sometimes controversial, sometimes not. But there are no products to be sold here, nor commissions to be made. 
Our only hope is that we may provide you with a new perspective on our Global Financial World.

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Our mission is to provide you with a unique insight into the trends and events that move our financial markets. We’re sometimes controversial, sometimes not. But there are no products to be sold here, nor commissions to be made. Our only hope is that we may provide you with a new perspective on our Global Financial World.

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The Powell Pirouette.

The Powell Pirouette.