Welcome back to “Money Drama,” where our host Stock Will guides you through all the ups and downs, twists and turns of last week’s markets.
In a fresh episode, Stock Will imagines what Fed Chair Jerome Powell REALLY — like actually — wanted to say at his hearing with the feds this past Wednesday, March 17th.
Think of Stock Will as the "anger translator" here. There have been increasing fears from investors in the US about rising inflation rates, which basically means a Chipotle burrito could go from $10 to $15 dollars... but, more importantly, the cost of living could drastically go up for Americans of all stripes.
Here's what Fed Chair Jerome Powell said at one point during the hearing: "We will ensure that monetary policy will continue to deliver powerful support to the economy until the recovery is complete."
Here's Will's take: "This basically means stocks only go up and shorting the US market is terrorism!!!"
If everyone had a translator like Stock Will, the world might be a more honest place....
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