"Wharton's Jeremy Siegel: Jerome Powell Could Derail Stock Market's All-Time High"

Jeremy Siegel, a renowned stock watcher from Wharton Business School, predicts that the stock market, including the Dow Jones and S&P 500, could reach all-time highs in the coming months. However, he warns that the only thing that could derail this progress is if the Federal Reserve, led by Chairman Jerome Powell, remains overly committed to its 2% inflation target. Siegel argues for a more flexible approach to rate hikes, suggesting that the Fed's fixation on inflation fears could hinder the market's growth. While Powell has hinted at a potential change in the Fed's approach, Siegel remains cautious about the timing of rate cuts, emphasizing the importance of economic data and inflation trends.