One thing that this site cherishes most is solid information that enlightens and teaches us new things. 

Regardless of the topic. Regardless of the importance. Regardless of politics. Learning new things makes us smarter, more informed and better people that can make better decisions.  This contrasts with rampant nefarious sources that prey on people. Feeding them bogus propaganda for self serving agendas. Telling them what they want to read/hear at echo chambers. 

With that in mind,  Larry's link earlier this morning sent us to what taught me more about the Fed chairs position than I knew before today.  It's long but loaded with profound information which is worth posting that same link here in future threads on this topic.

Thank you, Larry!

                Re: S & P 500                                                  

                By WxFollower - May 4, 2026, 7:42 a.m.            

            Thanks, Mike!

 Even though lowering int rates has historically been bullish stocks, I hope the new guy doesn’t just mindlessly push for lowering them. I wouldn’t even mind the committee raising them some. Besides that quite possibly being the smart move to combat inflation, MM rates then may bounce some.  Maybe the stock mkt would actually be relieved?!? Keep in mind that he’s just the head and that the others also vote independently, which will include Jay Powell since he said he’s going to stay. So, fingers are crossed that this new guy won’t suddenly have enough influence to keep raising rates off the table!

 This suggests the head is very powerful unfortunately:

https://www.npr.org/sections/planet-money/2026/02/10/g-s1-109375/how-much-power-does-the-fed-chair-really-have