My biggest concern is the Fed and why we are in wait mode

Federal Reserve Chairman Jerome Powell speaks during a press conference after the Federal Open Market Committee meeting on January 29, 2020 in Washington, DC.

Samuel Corum | GT

There is a widespread perception that Federal Reserve Chairman Jerome Powell does not care about corporate news. It’s a strict creature of broad government economic reports – the consumer price index, the producer price index, industrial production, retail sales and, of course, non-farm employment numbers. He also cares about what his federal colleagues say. But for the most part, the explosion of profits is a tree falling in the woods: he’s not there to hear it make a sound.

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