Between Powell and Yellen it was quite a day. And what a reaction we got.
To what degree can liquidity continue to override the obvious economic issues that have intensified due to the banking crisis?
This will determine where stocks are by the end of the week.
The biggest banking crisis since 2008-9 has shifted expectations about the economy and interest rates.
Powell will be barraged with questions regarding the health of the US banking system and what exactly went wrong at several specific banks.
Here's why I bought two regional bank stocks -- and my plans for both.
Economics and fundamentals will drive the action in the longer term.
Control, or at least the illusion of control, is everything to the central bank now.
What does the Fed do this Wednesday afternoon? Do they commit to keep on fighting inflation? Or do they try to prevent some kind of economic catastrophe?
The Fed is being forced to help banks and put its battle against inflation on hold.