In his latest speech, Federal Reserve Chair Jerome Powell expressed concern that holding interest rates too high for too long could jeopardize economic growth.
Setting the stage for a two-day appearance on Capitol Hill this week, the central bank leader said that the economy and labour market have stayed strong despite recent cooling.
Laila Pence, President & Co-Founder, Pence Wealth Management weighs in on how long is too long, the scale of rate cuts we might see in the coming months; whether a lack of market breadth kept the S&P 500′s gains in check; if we're seeing central bank divergence currently; as well as her top conviction calls.
Presented by: Emaad Akhtar
Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg)
Photo credits: Tierney L. Cross | Bloomberg | Getty Images