Billionaire Chamath Palihapitiya Says Markets Are Off to the Races As Fed Capitulates – Here’s His Outlook

Billionaire Chamath Palihapitiya says the markets are likely to witness more bursts to the upside following the recent comments of Fed Chairman Jerome Powell. In a new All-In Podcast episode, the venture capitalist says that the statements made by Chairman Powell during the Federal Open Market Committee meeting last week indicated that the Federal Reserve is beginning to ease the pace of future rate hikes. “In December, was extremely hawkish and he was basically like, ‘Listen, we’re going to keep rates higher than you like and longer than you want. And he was pretty clear and the markets reacted.