Watch Live: Fed Chair Powell Explain How The Fed Will “Out-Dove” The Market
Wed, 07/29/2020 – 14:25
With bond yields at record lows, the dollar tumbling, and gold at record highs, one side of the market is screaming that The Fed is entirely out of control while stocks remain near record highs, increasingly echoing the early days of Venezuela’s or Zimbabwe’s epic stock rallies.
Simply put, as we noted in our preview, Fed Chair Powell will have to explain to his audience of “give me moar or die” day-traders how he will “out-dove” the already uber-dovish expectations (all without negative rates).
Watch Live (the virtual press conference is due to start at 1430ET):