Fed Chair Jerome Powell spoke this morning at the annual Jackson Hole Symposium. There are two positions, one is Hawk and the other is Dove. The Hawk is still in the air.

There have been 11 rate hikes pushing the Federal Funds rate to a range of 5.25%-5.5%. Highest in 22 years. Coincidentally the mortgage rates are also at a 22 year high.

Hang in there; this too shall pass. Next week is the big inflation and jobs report.

Have a fantastic weekend, I think I’m going to gold this afternoon and try to get the Feds out of my head.