Lates News

Ryan Detrick, Chief Market Strategist at Carson Group: We know that Milan's entry into the Federal Reserve is to bring about some changes to existing policies. He has been doing this all along. But Powell's situation is somewhat intriguing. His name is still on the list of candidates, possibly becoming the next Fed chair. So I believe he is also trying to get the attention of the president, emphasizing that he stands firmly in the dovish camp even in the face of worrying inflation. The independence of the Fed is a very real issue. We all know that the next Fed chair will face tremendous pressure to cut interest rates. But if the data shows otherwise, we all hope that they can make the right decisions, rather than succumb to pressure and adopt policies that may be detrimental to the economy.