Fed chair Powell's unscripted style sets stage for a rocky 2019
Markets are bracing for next year for more of Jerome Powell's conflicting signals and peculiar remarks
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 draws to a close with a dramatic slump in stocks and a drop in bond yields, financial markets will need to brace for next year, when Mr Powell is scheduled to make more unscripted public remarks than any Fed chief in history.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
