https://finance.yahoo.com/news/trump-announces-jerome-powell-next-fed-chair-replacing-janet-yellen-190916792.html
Powell is trained as a lawyer with no economic background. This means that he will not deviate from Yellen's policies because he cannot spreadhead any major economic changes due to lack of economic knowledge. There's a high chance that he will set economic policies that will make the FED too tardy in responding to economic challenges. He may be the man who makes the FED to be behind the curve of inflation. Let's see.
Subscribe to:
Post Comments (Atom)
.jpg)
No comments:
Post a Comment