Some people were born to be pilots. Some people were not.
I am certainly part of the “not” category…
So I can only imagine how hard it is to land a plane under the best of conditions.
But imagine landing a plane on a Hot Wheels track during a snowstorm…
That’s the job I feel like Chairman Jerome Powell has to do today.
Traders and investors love to beat up on Powell and the Fed, and sometimes it’s well-deserved.
But right now, his job feels nearly impossible.
Inflation is declining, which actually suggests they’ve been doing their jobs pretty effectively…
But by no means can Powell take a victory lap.
The markets are in free fall, and traders are panicking about the possibility of a recession.
In fact, Google search trends for “recession” in the United States spiked to the highest since 2022 when U.S. GDP contracted 1.0% in Q1.
So Powell has a lot on his to-do list:
- Calm fears about a recession…
- Ease worries about tariffs…
- Paint a realistic picture about the road forward…
And do it all without upsetting a mercurial chief executive above him.
It’s a tough plane to land, to say the least.
And if he doesn’t do it well, the markets could enter free fall as soon as 2:00 PM ET today.
To help you get prepared, I’ve asked Roger, Nate, Graham, Chris, Kane, and Jeffry to join me LIVE at 12:00 PM ET today.
We’ll do a special roundtable session where they’ll share their top trade ideas and expectations, plus what traders should focus on right now ahead of the Fed meeting.
Make sure you join us — the room is open now!
It’s going to be well worth your time.
To your prosperity,
Stephen Ground
Editor-in-Chief, ProsperityPub
