Jerome Powell, chairman of the Federal Reserve, has said that he will be patient in increasing interest rates and it will depend on the evolving economic situation. Photo: Bloomberg Jerome Powell, chairman of the Federal Reserve, has said that he will be patient in increasing interest rates and it will depend on the evolving economic situation. Photo: Bloomberg
Jerome Powell, chairman of the Federal Reserve, has said that he will be patient in increasing interest rates and it will depend on the evolving economic situation. Photo: Bloomberg

Forget the trade war; investors should focus on central banks, Bank of America strategist says

  • World’s monetary base could contract by about 5 per cent by the end of this year
  • Central banks’ quantitative easing could negatively affect asset prices, Ajay Kapur says

Topic |   China economy
Jerome Powell, chairman of the Federal Reserve, has said that he will be patient in increasing interest rates and it will depend on the evolving economic situation. Photo: Bloomberg Jerome Powell, chairman of the Federal Reserve, has said that he will be patient in increasing interest rates and it will depend on the evolving economic situation. Photo: Bloomberg
Jerome Powell, chairman of the Federal Reserve, has said that he will be patient in increasing interest rates and it will depend on the evolving economic situation. Photo: Bloomberg
READ FULL ARTICLE