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Powell to Make Offhand Comment That Will Wipe out Decades of Retirement Planning for Millions of Americans

Later this afternoon Chairman of the Federal Reserve Jay Powell plans to give a press conference regarding the future of rates and policy and many inside his office are indicating he likely plans to make an offhand comment that will severely damage stocks in select sectors.

While we were unable to verify specifically what those sectors may be many people believe it will hit retirements funds hardest as that would be the ‘funniest’ outcome. Some people are speculating he make a random comment about taxing utilities or something else that might really screw people over.

Stay up to date with Hard Money as we follow these developments.