Federal Reserve governor Jerome Powell will be appointed chairman of the US central bank on Thursday by US President Donald Trump, according to The Wall Street Journal, which cited White House officials. Photo: Bloomberg
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Here’s why Jerome Powell has a daunting task as the new US Federal Reserve chairman

A dovish chairman, presumably like Powell, would be more inclined to keep policy loose to stoke inflation, thereby inflating asset price bubbles.

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Federal Reserve governor Jerome Powell will be appointed chairman of the US central bank on Thursday by US President Donald Trump, according to The Wall Street Journal, which cited White House officials. Photo: Bloomberg
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