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Washington Post (November 23)

2021/ 11/ 24 by jd in Global News

Fed Chair Jerome Powell has been nominated for another four-year term. If again confirmed, he will face “a daunting challenge: At a time when employment remains several million jobs below pre-pandemic levels, inflation is taking off at a rate not seen for 30 years.” And the blame from all “across the political spectrum” will be pinned on him. “Not since Paul Volcker accepted President Jimmy Carter’s nomination to the position amid double-digit inflation in mid-1979 has any central banker confronted a more difficult situation.”

 

New York Times (November 4)

2021/ 11/ 05 by jd in Global News

Fed Chairman Jerome Powell announced a tapering of stimulus programs, but he did not “lay the groundwork for higher rates.” That doesn’t mean “the era of near-zero rates will last anything close to as long as it did after the global financial crisis,” but if the current inflation surge “proves something other than temporary, Mr. Powell’s decision to stick to his guns” on interest rates “will loom as a missed moment to join other English-speaking countries in using monetary policy to try to stamp it out.”

 

LA Times (August 23)

2019/ 08/ 25 by jd in Global News

“The real threat to the U.S. economy Friday wasn’t Powell,” the Federal Reserve Chairman. “It was Trump’s trade policies and public outbursts. Having righted itself by the end of Powell’s speech, the Dow dropped sharply immediately after the president’s Friday tirade. As of this writing, it was down 455 points.”

 

Bloomberg (May 7)

2019/ 05/ 08 by jd in Global News

“The conventional wisdom that the Fed’s next move would be down and the trade spat with China would end just got dealt a one-two punch…. Federal Reserve Chair Jerome Powell pushed back against calls for a near-term rate cut and U.S. President Donald Trump threatened to ratchet up tariffs on imported Chinese goods.”

 

US News & World Report (February 27)

2018/ 02/ 28 by jd in Global News

“New Federal Reserve Chairman Jerome Powell delivered a message Tuesday that wasn’t quite what Wall Street had expected: The U.S. economy is doing well, maybe even better than he thought late last year.”

 

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