January 27, 2021
PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celiadiscusses who will be responsible for getting the markets back on track.
“Markets on Tuesday finished in positive territory. That was some good news. But one of the most interesting things that happened on Tuesday was a federal reserve meeting. Jerome Powell indicated he has to have some sort of reassurance that the market is not going to begin to pull back. Now, I hope that wasn’t directed at market makers. Janet Yellen also spoke last week about the dependency upon the markets. Particularly she stated that the devaluation or the inflation of the U.S. dollar was going to be solely dependent upon the markets.
Now, it would appear as though the federal reserve chair, who has a little ammunition and knows that we desperately need the market to keep on doing what it’s doing, appears to be encouraging the markets to maintain an optimistic approach. I’m not sure what we’ve come to when we have the federal reserve and the secretary of treasury both depending on markets. They should be looking at fiscal policies and what Washington is doing to encourage, to motivate and to create conditions by which markets will want to participate.
Celia discusses these and other global and economic headlines on his daily, three-hour “Financial Issues” program, heard on more than 660 radio stations and several television networks nationwide, including FISM.TV, viewed on several post-cable television platforms and online.
Read more about Celia, FISM and “Financial Issues” or visit the FISM website, its Facebook page, on YouTube at Financial Issues with Dan Celia or on Twitter @financialissues; download the FISM app here.
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