The presence of a Chief Investment Officer (CIO) from BlackRock in the chair of the Federal Reserve immediately changes the tone of the conversation.
I have watched the markets long enough to realize that when asset managers approach decision-making circles, risk is repriced before any actual decision is announced.
There is Wall Street expertise on one side and the Federal Reserve's stamp on the other. This combination usually means narratives of smoother liquidity and calmer capital flows.
I treat it as building expectations, not a final confirmation, but expectations are what move the markets first.
