Powell Speaks, World Listens: The Global Hangover After the Fed’s Latest Sermon
When Jerome Powell cleared his throat in Washington last week, Tokyo traders paused mid-slurp on their 3 a.m. ramen, Frankfurt algorithms twitched in their sleep, and a bleary-eyed pension fund manager in São Paulo muttered a prayer to St. Jude—the patron saint of lost yields. The Fed Chair’s semi-annual testimony before Congress was billed as…