Ryan Daniel Moran breaks down Jerome Powell's recent Fed comments as a signal to hold inflation low and slow rate hikes, setting up a 10-year growth cycle. If Powell's approach works, Moran sees a long bull market ahead for business and the economy.
What the Fed did this week changes the conversation about where the economy is going over the next few years. Jerome Powell basically said, mission accomplished, we've got to hold on inflation now. We're going to slow the pace of rate increases. He said his goal is to usher in the next 10 year bull cycle. I've never heard a Fed chair talk like that. We're coming off of several long term periods of growth. And that his goal is, is to keep inflation low enough to where it ushers in that next very long growth cycle. And that was a very bullish sign for the economy and for business. If he's right, and I think he is, we are entering into an amazing time of growth.
