All three major U.S. averages closed higher on Friday.
The Federal Reserve does not do monetary policy only for the U.S. That is a lesson Powell needs to learn.
The Dow closed at an all-time high, finishing the day higher 0.34% to 23,515.30
The incoming chairman of the Federal Reserve will need to navigate a minefield when it comes to the exchange rate.
My economist side would clearly prefer a rules-based approach toward monetary policy.
The ECB's super dovish message was good for the markets.
ECB President Mario Draghi will likely only signal small steps Thursday in the Bank's long path toward policy normalization.
When the dollar is strong, look inward and buy companies that do the lion's share of their business within the U.S.
All three major U.S. averages closed in the green.
The British pound could sell off again if third-quarter GDP disappoints.