This is a weekend opinion piece from DJ / Market Watch, worth checking out
- Investors appear confident that the status quo of ever-so-slow monetary tightening will continue at the Federal Reserve when Jerome Powell takes over
- But ... "What the markets are clearly ignoring at this point is that policy continuity is not a static phenomenon; it's a trend," says Lena Komileva, chief economist at G+ Economics. "And the trend is toward reduced policy stimulus from the Fed at a time when the economy is at full capacity and is showing signs of boiling over."
