My big worry with the Fed and why we’re in a holding pattern

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

Samuel Corum | Getty

There’s a broad perception that Federal Reserve Chairman Jerome Powell does not care one whit about corporate news. He’s strictly a creature of broad government economic reports — the consumer price index, the producer price index, industrial production, retail sales and, of course, the nonfarm employment numbers. He also cares about what his fellow Fed people say. But for the most part, an earnings blowup is a tree falling in the woods: He’s not around to hear it make a sound.

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