Fed Chair’s George Shultz Tribute: Economy? Not Today! 😒📉 #PowellPokerFace

Economists were left more confused than a chimp with a calculator on Monday evening after Fed Chairman Jerome Powell delivered his tribute to late Reagan-era diplomat and economist George Shultz at Stanford University’s Hoover Institution. Markets were bracing for any additional hints about the direction of interest rates ahead of the central bank’s Federal Open Market Committee (FOMC) meeting next week. But Powell was mum on the issue and made it abundantly clear from the outset that no hints were coming. Because nothing says “I care about the economy” like a 45-minute eulogy for a man who’s been dead for 10 years. 💀📈







