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How Jerome Powell's unscripted public remarks set stage for rocky 2019

Powell took office in February determined to improve the Fed's communications with Congress and the public

Jerome Powell  |  Us Federal Reserve  |  Donald Trump

Reuters  |  Washington/San Francisco 

Jerome Powell had a bumpy first year as Federal Reserve chairman when it came to talking policy, by turns spooking and comforting investors even as economic data offered increasingly mixed signals and President Donald Trump stepped up his attacks on the US central bank. And as 2018 closes out with a dramatic slump in stocks and a drop in bond yields, financial markets will need to brace for next year, when Powell is scheduled to make more unscripted public remarks than any Fed chief in history. A lawyer and former investment banker whose long career in markets and government ...

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First Published: Mon, December 31 2018. 11:29 IST