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Trump's fight with Fed Chair Jerome Powell may unleash one surprise economic consequence
One potential outcome from the fresh battle between President Trump and Fed Chair Jerome Powell that won't sit well with Mr. Market or consumers: an outbreak of inflation. "Looking at longer-term risk, inflation expectations could become unanchored," Northwestern Mutual Wealth Management chief portfolio manager of equities Matt Stucky told me on Yahoo Finance's Opening Bid. While inflation expectations have trended down, the undermining of Fed credibility can put a dent in the progress. For investors, "real assets [like gold] are your hedge there. So think commodities, think energy stocks as a way to hedge some of ... (full story)
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