Chief Investment Officer | Johnson Financial Group
As Chief Investment Officer, Brian Andrew leads Johnson Financial Group's investment strategy to provide consistent, actionable investment solutions for our clients.
3 minute read time
This week, the Chairman of the Federal Reserve, Jerome Powell, testified before Congress as he does twice each year. The headlines from his testimony usually focus more on the political statements made by Senators and Congressmen than his testimony regarding monetary policy, i.e., the level of interest rates.
The Chairman caused a stir in markets this week, when he acknowledged that interest rates may need to move higher than currently anticipated by investors if inflation remains persistently above targeted levels. The personal consumption price deflator or PCE is the Fed’s preferred measure of inflation, and it remains near 5%. Too high given the target near 2%.
So, what does this mean for the economy and how we position portfolios? Listen in to this week’s video commentary by Brian Andrew.
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