John Authers, Columnist

The Fed’s Powell Is No Real Spark for Markets

Whether the rebound in stocks presages a new and positive trend will be determined more by trade talks. Also, star fund managers and book club.

June 5, 2019 at 4:01 AM UTC

By John Authers

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

The Fed is listening.
Photographer: Bloomberg

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Did Federal Reserve Chair Jerome Powell really just turn the markets around, sparking the greatest one-day rally in the S&P 500 Index since Jan. 4? Was this a tipping point? I am dubious on the first, but think there is something to the second.