Why Jay Powell’s Speech Mattered

|August 28, 2021

Did you miss it?

After much ado, the Fed’s annual symposium in Jackson Hole in Wyoming wrapped up with gusto. (Well, as much gusto as we can reasonably expect from the Fed, anyway.)

After lots of jawing about this and that… it all came down to this simple line.

“We have much ground to cover to reach maximum employment,” Jay Powell told the money world, “and time will tell whether we have reached 2% inflation on a sustainable basis.”

We’re not there yet, he said.

The free-money party will continue.

And in response, the markets bounced to new all-time highs.

Just like that… another Groundhog Day for economists was in the books.

The Fed’s Got You, Babe

It’s hard to overstate just how critical Powell’s comments have become in recent years. Wall Street analyzes each word as if it contains the formula for eternal life.

In the lead-up to the big day, Barron’s even described his monologue as “hotly anticipated”… as if it were a new billion-dollar comic book movie.

You might be wondering how a 30-minute speech from the author of The Global Trade Slowdown and Its Implications for Emerging Asia (now available in paperback!) became the hottest ticket in town.

It’s simple, really…

It’s because the Fed – and whoever runs it – has an inordinate amount of control over your money. The target interest rate it sets has the power to send stocks (and crypto) soaring… or crashing down.

The Fed has literally rewritten the rules of finance.

Heck, its influence is so great that here at Manward, we built an entire investment system around it.

Yet despite the Fed’s vise grip on your portfolio… we’re willing to bet that not 1 in 1,000 readers knows just how it came to be.

Let’s fix that.

Some (FREE) Essential Reading

To help spread some vital (and moneymaking) Know-How, we’ve put together a 36-page primer on the Federal Reserve. It contains…

  • The sordid (yet true) origins of the Fed and the men who started it
  • How Fed meddling led to the biggest wave of gold buying since Nixon was in office
  • Why things are about to get worse (and what to do about it)
  • And more.

It’s the ultimate guide to understanding the actions of the institution that, day in and day out, manipulates your money.

We consider it essential reading.

Access to this crucial guide is free for all Manward subscribers. Simply click here or on the image below.

Click to download

And once you’ve had a chance to check it out, let us know what you would do if you were in charge at the Fed by emailing us at mailbag@manwardpress.com.

Alex Moschina
Alex Moschina|Associate Publisher

Alex Moschina is the associate publisher of Manward Press. A gifted writer, editor and financial researcher, Alex’s career in publishing began more than a decade ago when he worked at one of the world’s leading providers of academic research and reference materials. Alex first cut his teeth in the realm of investing when he joined the team at White Cap Research in 2010. There he was charged with covering emerging market trends and investment opportunities. A stint as senior managing editor and editorial director at the prestigious Oxford Club followed. A frequent speaker at conferences and events, Alex has led educational workshops across the U.S. and Canada.