Here's where Fed's Powell 'can do some real damage to stocks and bonds'

The Federal Reserve, led by Chair Jerome Powell, faces pressure to adopt a hawkish stance due to persistent high inflation in the first quarter. Macquarie strategist Thierry Wizman suggests that Powell’s focus on long-term inflation factors could significantly impact stock and bond markets. If Powell attributes inflation to structural issues like de-globalization or demographic shifts, it could imply a higher long-term policy rate, potentially unsettling investors.