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Next Fed chief Jerome Powell vows to ‘respond decisively’ to any new economic crisis

S.China Morning Post Tuesday, 28 November 2017
The US Federal Reserve should “respond decisively” to any new economic crisis, Fed chair nominee Jerome Powell told the US Senate Banking Committee on Tuesday, positioning himself as an heir to the central bank policies of current chair Janet Yellen and her predecessor Ben Bernanke. At his confirmation hearing before the banking panel, President Donald Trump’s nominee to take over as Fed chair endorsed the core ideas that have defined US central banking since the financial...
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Source: WSJLive - < > Embed
News video: Powell: Fed Is Likely to Raise Rates in December

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Federal Reserve Chair nominee Jerome Powell testified before the Senate Banking Committee on Capitol Hill on Tuesday. Mr. Powell said he expects the central bank to continue raising interest rates gradually, adding indicated the Fed is likely to raise rates in December. He also defended the...

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