Powell Fails To Appease Wall Street

Federal Reserve Chairman Jerome Powell may have disappointed Wall Street today, as yields continue to rise, pushing the US ever closer towards financial apocalypse... However, the Fed put is not dead yet, today it was Powell's words which disappointed markets. Talk is cheap, and Powell can simple use new words to try and correct the damage from today's speech. It is only at the point when yields rise despite Powell massaging markets in the way they wish that I will be confident in stating the Fed is losing control and a collapse is on the way.