We need a Powell thread…
My forecast is simple; a continuation of current state. The fed’s job is the manage markets; keep the bubble pumped up and provide encouraging words and skipped rate hikes when the market get jitters, then increase threats of rate hikes when it gets overheated. Keep vol low, as vol is the enemy of a house of cards. As ZIRP reverses, balance that with QE4 (the “tax cuts”) to hold it together.
He’s kicked it off with comments today; economy is great (wrong), and implying rates will increase (yes, but not as fast as he says).
The look of officiality, “it’s all under control folks!”.