Federal Reserve Chairman Jerome Powell this week insisted that a plan to buy Treasury bills to build up excess bank reserves wasn’t the same thing as the central bank’s previous asset purchases, known as quantitative easing, or QE for short. Markets, however, reacted similarly to how they behaved during QE, with risky assets like stocks rallying and the Treasury yield curve steepening. Medley Global Advisors Macro Strategist Ben Emons and Bloomberg reporter Luke Kawa discuss the significance of the Fed’s latest move.

Mentioned in this podcast:

A Repeat of 2018’s Rout Is Likely Coming, Veteran Investor Says

Nonsense Market Moves Have Investors ‘Exhausted’ by Trade Talks

Federal Reserve Chairman Jerome Powell this week insisted that a plan to buy Treasury bills to build up excess bank reserves wasn’t the same thing as the central bank’s previous asset purchases, known as quantitative easing, or QE for short. Markets, however, reacted similarly to how they behaved during QE, with risky assets like stocks rallying and the Treasury yield curve steepening. Medley Global Advisors Macro Strategist Ben Emons and Bloomberg reporter Luke Kawa discuss the significance of the Fed’s latest move.Mentioned in this podcast:<a href="https://www.bloomberg.com/news/articles/2019-10-08/shades-of-2018-rout-coming-for-markets-this-quarter-emons-says">A Repeat of 2018’s Rout Is Likely Coming, Veteran Investor Says</a><a href="https://www.bloomberg.com/news/articles/2019-10-10/nonsense-market-moves-have-investors-exhausted-by-trade-talks">Nonsense Market Moves Have Investors ‘Exhausted’ by Trade Talks</a>

Hosts Mike Regan and Vildana Hajric are joined each week by expert guests to discuss the main themes influencing global markets. They explore everything from stocks to bonds to currencies and commodities, and how each asset class affects trading in the others. Whether you’re a financial professional or just a curious retirement saver, What Goes Up keeps you apprised of the latest buzz on Wall Street and what the wildest movements in markets will mean for your investments.

Hosts Mike Regan and Vildana Hajric are joined each week by expert guests to discuss the main themes influencing global markets.

What Goes Up

Don’t Call It QE

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/806df4cc-1ebf-4b07-bd23-ae3c0037424d/transcript

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