Pompeo Pontone’s bullet points summary of Jerome Powell’s press conference:
1. Fed intends to be dovish until data indicates otherwise.
2. When will the data indicate otherwise? They’ll get back to us on that.
3. Bad inflation readings this year won’t upset the apple cart.
4. Fed officials don’t know how the economy will look in September any more than we do.
5. Weak growth in Europe won’t spill over into U.S.
6. A decision on the SLR (supplementary leveraged ratio) will come soon.
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Myself
As an Investment Consultant and Specialist, Pompeo Pontone is a Professional Investor with 25 years’ experience in the fields of Investment Management and Quantitative Finance, with advanced expertise in Computer Science and Data Science.