You may have heard the news that Fed Vice Chairman Stanley Fischer has resigned, and you’re wondering so what? What does it mean to me and my investments?
Well, I’m no mainstream media pundit, but I have been tracking and writing about the Fed and its influence on the market for a very long time.
So let me give you my perspective on what this resignation does or doesn’t mean.
I’m a data guy, not a political expert. I view the world through the prism of what the data tells us about action and reaction, cause and effect, as it applies to monetary and fiscal policy and stock and bond market behavior. However, people make the decisions about those all-important actions, so to that extent, maybe personalities matter.