Fed Chairman Powell, The Tribe Has Spoken [Forbes]
Barclays PLC (BCS)
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Source: Forbes
Kenneth Rapoza Senior Contributor i Opinions expressed by Forbes Contributors are their own. Markets I write about business and investing in emerging markets. Chairman Powell, bring me your torch. The tribe has spoken. (Getty stock photos/royalty free) Not China. Not geopolitics. Not the midterms and the pending Blue Wave everyone keeps insisting will wash president Trump into an impeachment scenario next year and rollback his agenda. Last Wednesday's 600 point slide and Thursday's 400+ point slide is all due to one man, and one institution: Jerome Powell, chairman of the Federal Reserve. When he speaks, the market crashes. To take the catch phrase used by host Jeff Probst of reality show Survivor: Chairman Powell, the tribe has spoken. Jeff Probst, host of Survivor. In Survivor: Wall Street vs Washington, the tribe has merged and the Wall Street tribe has vote
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