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Whalen: Big bank earnings will be positive, but revenue will be light | Residential mortgage surge c/o Jay Powell saves the bacon for $JPM

Does Jay Powell have a communication problem? @scarletfu  + @CarolineHydeTV  take a look at why the Federal Reserve is looking to hire a speechwriter for the Fed Chair.

Yesterday’s roundtable with @federalreserve  Jay Powell'>Chairman Jay Powell allowed me the chance to convene area stakeholders who rely on the @federalreserve  and the @KansasCityFed  to discuss current issues in monetary policy and the importance of an independent @federalreserve .

It's a modern day "Moby Dick" story with dueling obsessions. But will Jay Powell's obsession with Trump influence monetary policy? Has it already?

'Ten minutes after Jay Powell insisted that the central bank restarting its Treasury purchases was in no way the same as the post-financial crisis policy of QE, one Wall St analyst sent out a note saying that the new strategy “sure sounds like QE”.'

As recently as last February, Jay Powell, the current Fed chairman, said it was a 'bit of a puzzle' why US wage growth had not yet taken off. Three new books on how capitalism is changing - and how economists got it wrong:

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As recently as last February, Jay Powell, the current Fed chairman, said it was a 'bit of a puzzle' why US wage growth had not yet taken off. Three new books on how capitalism is changing - and how economists got it wrong:

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....The USA should always be paying the the lowest rate. No Inflation! It is only the naïveté of Jay Powell and the Federal Reserve that doesn’t allow us to do what other countries are already doing. A once in a lifetime opportunity that we are missing because of “Boneheads.”

As I predicted, Jay Powell and the Federal Reserve have allowed the Dollar to get so strong, especially relative to ALL other currencies, that our manufacturers are being negatively affected. Fed Rate too high. They are their own worst enemies, they don’t have a clue. Pathetic!

Jay Powell and the Federal Reserve Fail Again. No “guts,” no sense, no vision! A terrible communicator!

Our Economy is very strong, despite the horrendous lack of vision by Jay Powell and the Fed, but the Democrats are trying to “will” the Economy to be bad for purposes of the 2020 Election. Very Selfish! Our dollar is so strong that it is sadly hurting other parts of the world...

Doing great with China and other Trade Deals. The only problem we have is Jay Powell and the Fed. He’s like a golfer who can’t putt, has no touch. Big U.S. growth if he does the right thing, BIG CUT - but don’t count on him! So far he has called it wrong, and only let us down....

“Go across the world and you’ll see either very low interest rates, or negative rates. The President wants to be competitive with these other countries on this, but I don’t think he’ll fire Jay Powell (even if I should!).” We should always be paying less interest than others!

....My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?

..Spread is way too much as other countries say THANK YOU to clueless Jay Powell and the Federal Reserve. Germany, and many others, are playing the game! CRAZY INVERTED YIELD CURVE! We should easily be reaping big Rewards & Gains, but the Fed is holding us back. We will Win!

The Great Charles Payne@cvpayne  correctly stated that Jay Powell'>Fed Chair Jay Powell made TWO enormous mistakes. 1. When he said “mid cycle adjustment.” 2. We’re data dependent. “He did not do the right thing.” I agree (to put it mildly!). @Varneyco 

What the Market wanted to hear from Jay Powell and the Federal Reserve was that this was the beginning of a lengthy and aggressive rate-cutting cycle which would keep pace with China, The European Union and other countries around the world....

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