My big concern with the Fed is why we are in a waiting pattern

Federal Reserve Board Chairman Jerome Powell speaks during a press conference following a Federal Open Market Committee meeting on January 29, 2020 in Washington, DC.

Samuel Corum | Getty

There is a broad perception that Federal Reserve Chairman Jerome Powell doesn’t care about corporate news at all. He is strictly a creature of broad government economic ratios: the consumer price index, the producer price index, industrial production, retail sales and, of course, the non-farm employment numbers. He also cares about what his Fed comrades say. But for the most part, a blast of earnings is a tree falling in the woods: he’s not around to hear it make a noise.

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