The Stock Market: Now To The Future

Aug. 28, 2022 1:59 AM ET18 Comments
John M. Mason profile picture
John M. Mason
16.11K Followers

Summary

  • Fed Chairman Jerome Powell indicates that the Federal Reserve will continue tightening monetary policy and stick with it until the Fed's policy goal of 2.0 percent inflation is achieved.
  • This presentation seemed to convince investors that the tighter monetary stance would be around for an extended period of time.
  • Stock prices fell.
  • And, if Mr. Powell lives up to his commitment to "get the job done," stock prices should continue to fall.

Federal Reserve Chair Jerome Powell Holds News Conference Following Federal Open Market Committee Meeting

Drew Angerer

Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, is the focus of the investment community right now.

Mr. Powell knows that.

Yesterday, Mr. Powell gave a speech at the annual Federal Reserve conference held

S&P 500

S&P 500 Stock Index (Federal Reserve)

This article was written by

John M. Mason profile picture
16.11K Followers
John M. Mason writes on current monetary and financial events. He is the founder and CEO of New Finance, LLC. Dr. Mason has been President and CEO of two publicly traded financial institutions and the executive vice president and CFO of a third. He has also served as a special assistant to the secretary of the Department of Housing and Urban Development in Washington, D. C. and as a senior economist within the Federal Reserve System. He formerly was on the faculty of the Finance Department, Wharton School, the University of Pennsylvania and was a professor at Penn State University and taught in both the Management Division and the Engineering Division. Dr. Mason has served on the boards of venture capital funds and other private equity funds. He has worked with young entrepreneurs, especially within the urban environment, starting or running companies primarily connected with Information Technology.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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