Lots of big news this week when it comes to future monetary and fiscal policy, both of which have a big influence on the markets. In the first part of our Big Picture today, Jim Puplava gives his analysis on all the juicy details of the just-released Republican tax bill, which is still to be voted on. Does it favor the rich and hurt the middle class? Hear what he has to say. Next, in part 2, Jim discusses Trump’s recent appointment of Jerome Powell to replace Janet Yellen as Fed chair, why the market reacted favorably to the news and other monetary policy watch-points based on the recent Fed meeting.
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