- After years of being able to count on low interest
rates, market participants now face uncertainty about how the
Federal Reserve could react to the possibility of higher
- This concern was a driving factor of the stock market’s
- The sell-off coincided with a changing of the guard at
the helm of the central bank.
Federal Reserve Chair Jerome Powell had quite an eventful first
week on the job.
The changing of the guard was just one way in which a new era for
America’s central bank started — one that made investors
uncomfortable this week.
Through most of former Fed Chair Janet Yellen’s term, market
participants could count on a stable interest rate…