Powell’s “Quiet QE” Could Send This 9% Payout Soaring

“Don’t fight the Fed” is my top investing rule—but what the heck do we do when Jay Powell says one thing and then does another? We buy bonds! Below we’ll dive into a bond fund kicking out a sweet 9% yield and sending payouts our way every month. But first, let’s get to the heart of the Fed chief’s doublespeak. Did you watch Powell’s press conference last week? If you’re like me, you probably weren’t surprised by most of it. He did his usual tough-guy talk on rates. But then, almost as an aside, he said the Fed is slowing its campaign to shrink its balance sheet—known as “quantitative tightening.”… Read more