My big concern with the Fed and why we are in a holding pattern

Federal Reserve Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee on January 29, 2020 in Washington, DC.

Samuel Corum | Getty

It is widely believed that Federal Reserve Chairman Jerome Powell doesn’t give a damn about corporate news. He is strictly a creature of broad government economic reports – the consumer price index, the producer price index, industrial production, retail sales and, of course, the nonfarm payrolls numbers. He also cares what his fellow Fed members say. But for the most part, an income explosion is a tree falling in the forest: He’s not around to hear it make a sound.

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