The Pomp Letter
The Pomp Letter
What If The Numbers Are Inaccurate?
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What If The Numbers Are Inaccurate?

To investors,

Federal Reserve Chairman Jerome Powell made a number of comments yesterday that sent the financial markets into disarray. Both bonds and stocks sold off aggressively and investors seemed to be upset with the general talking points.

Powell’s logic is as follows:

  1. The Federal Reserve quickly responded to the COVID-induced economic crisis last ye…

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