Stocks Rocket 750 Points After Fed Meeting! The Fed Fooled the Markets. Rate Hikes in 2019!

After a brutal down day on Thursday, the market rocketed higher on Friday’s trading session. Initially it rose because of the jobs numbers. Then it rose even higher after Powell said that they would be cautious about rate hikes. But the algorithms are thinking too short term and will of course punish the markets in the longer term. Let’s get into it.

Powell referring to effect of QE policy ”We didn’t see asset bubbles”

Bernanke “We conducted currency swaps with 14 other central banks”
We became “Global lender of last resort”

Janet Yellen: We need more power over the banking system like other countries
“We lost emergency powers”

https://www.worldscientific.com/doi/pdf/10.1142/S2377740016500044
https://outline.com/BuhqwR