Thank you, Jerome Powell, miracle worker!!

[NewsCenter28]

Glad there's one member of the administration that is competent, albeit just one. His statement singlehandedly ended the stock market swoon. It rose like 800 points from its low just on a few words from him. I think today's rally will likely be followed by a massive 1,000+ point swing to the upside on Monday now. Was listening to both Bloomberg and CNBC earlier and they think that the market may have tested its lows and found a floor.

He's been very aggressive at making sure that the economy continues to fire on all cylinders. Remember how pivotal a role Ben Bernanke played in easing the 2008 financial crisis before President Obama came along to help out further? Looks like this is a reprise.

Powell can keep us afloat until a Democratic president takes over in 2021.

[Watchfoxheadexplodes]

1. Wouldn't a rebound help trump?

You know he would make up lies how he fixed it.

[MissMillie]

3. That could be true

but the down-turn is hurting people, their pensions, etc. I don't care to see it continue.

[progree]

2. Context

https://finance.yahoo.com/news/fedspeak-recap-market-selloff-coronavirus-fears-222425839.html

Friday, February 28:

Fed Chairman Jerome Powell issues statement:

“The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. The Federal Reserve is closely monitoring developments and their implications for the economic outlook. We will use our tools and act as appropriate to support the economy.”

I guess I'm underwhelmed.