Why The Stock Market is Taking a Severe Beating Every Week of 2022
Why the market is taking Powell’s ‘soft-ish’ economic language so hard: Former Fed official Roger Ferguson – CNBC Anyone who read Jerome Powell’s term “soft-ish” for an economic landing as a bullish signal should understand that stocks tanked on Thursday, May 5th, after the relief rally, giving up all of the post-FOMC meeting gains and more, on pace for the worst day of 2022 for stocks. Roger Ferguson, a former Fed vice chair, said the …