There’s a broad perception that Federal Reserve Chairman Jerome Powell does not care one whit about corporate news. If that’s the case, market participants should be selling anything that depends on the U.S. economy stabilizing here and forgetting about any company that needs acceleration. The few growth names we have in the Charitable Trust, including tech, are particularly worrisome. A 75-basis-point hike at next week’s September meeting would be the prudent move, and Powell has prided himself on prudence since the fall of 2018.Read Long Article
