Is Jerome Powell About to End the Famed “Fed Put”?

Monday, March 5, 2018
By Paul Martin

By: Graham Summers
GoldSeek.com
Monday, 5 March 2018

The Fed officially has a new Fed Chair, Jerome Powell. And ever since he took office, it is clear that “something” has changed at the Fed.

That something is the famed “Fed put” or the idea that the Fed would immediately move to prop up stocks any time they began to fall.

Powell made ZERO mention of the sell-off or of stocks in his prepared statements during the swearing in ceremony. Indeed, he didn’t mention the markets once. Instead he mentioned rate normalization, balance sheet shrinkage, and regulations.

He also mentioned the Fed has, “important responsibilities for the stability of the financial system and for the regulation and supervision of financial institutions, including our largest banks…

Again… Powell focuses on Too Big to Fail, normalization, balance sheet shrinkage, and regulations.

It would be easy to shrug this off as a one-time deal, except that I’ve picked up on a note shift in Fed official rhetoric since Powell took office.

The Rest…HERE

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