It took only 2 words for Powell to bring mkts into turbulences. Fed chair characterizes cut as mid-cycle adjustment & signalling reduced odds for further cuts. Maybe Powell speaks so different than Yellen & Bernanke, b/c he is not an economist. https://www.welt.de/finanzen/article197770487/US-Geldpolitk-Mit-nur-zwei-Worten-frustriert-Fed-Chef-Powell-die-Maerkte-zutiefst.html?wtmc=socialmedia.twitter.shared.web … via @welt