Federal Reserve official Jerome Powell will become chairman of the central bank in February, taking over from outgoing Janet Yellen. Photo: Xinhua
Opinion
Opinion
Macroscope
‘Press harder on the brakes’ could be the Federal Reserve’s next surprise move
Investors should be wary of a shift to more aggressive policy tightening at the Federal Reserve, as Jerome Powell prepares to take over as chairman next month
Federal Reserve official Jerome Powell will become chairman of the central bank in February, taking over from outgoing Janet Yellen. Photo: Xinhua