Jerome Powell Fed Rate Hike: Rocky Mountain Outlook
- Decryption - The governor of the United States central bank, regularly treated as "stupid" by the American president, is torn between inflation that could go up and disappointing...
- Jerome Powell Speaking this Friday for the seventh and last time, as president of the Fed, in the grandiose setting of the central banker symposium in Jackson Hole,...
- For this septuagenarian, appointed by Trump in 2018, whose mandate of the patron of the Fed expires in mid-May, the context is particularly delicate.
Decryption – The governor of the United States central bank, regularly treated as “stupid” by the American president, is torn between inflation that could go up and disappointing employment figures. He must give indications from the Jackson Hole seminar, in Wyoming.
Jerome Powell Speaking this Friday for the seventh and last time, as president of the Fed, in the grandiose setting of the central banker symposium in Jackson Hole, Wyoming. Its previous summer interventions in the “lodge” at the foot Rockies often marked turns in the federal reserve policy and aroused high reactions from the markets.
For this septuagenarian, appointed by Trump in 2018, whose mandate of the patron of the Fed expires in mid-May, the context is particularly delicate. It will certainly be applauded for its stoic calm in the face of virulent attacks of the same Donald Trumpwho describes him in turn ” stupid », d’« incompetent While criticizing him for expensive renovation work of the Central Bank. Beyond this fight to protect the independence of the Fed, “Jay” Powell finds himself faced with the most feared scenario by a central banker: the concomitant increase in inflation and unemployment
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