Fed Spooking Markets – Gregory Mannarino

Posted at 9:31 AM (CST) by & filed under USAWatchdog.com.

March 4, 2018
By Greg Hunter’s USAWatchdog.com (Early Sunday Release)
Professional trader Gregory Mannarino says the new Fed Head, Jerome Powell, caused the market to sell off last week, not Trump tariff talk. Powell blurted out in Congressional testimony that the “U.S. is not on a sustainable fiscal path.”  Mannarino explains the truth bomb Chairman Powell dropped, “I think this guy was nervous.  I think he’s getting shook up here.  I think the weight of his position is weighing on him a little too much, and that is what sparked the sell-off.  It wasn’t the tariffs.  This was Powell, and the markets are saying that this guy really might not have our backs as much as Yellen did.”

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