Fed's Impact on Savers

A recent Gallup poll reveals that confidence in Jerome Powell is at an all-time low, with only a small percentage of the population even aware of who he is. The discussion highlights a shift in the narrative, as savers now seem to be rewarded rather than punished by the Fed's policies. However, the bond market is facing unprecedented challenges, with investment-grade corporate bonds yielding less than three-month T-bills, indicating a significant inversion in the typical yield curve.