It’s Going to Stay a Yellen Fed No Matter Who Gets the Job
- Hard to break from FOMC gradualism with too low inflation
- Slow balance sheet runoff, operating strategy areas for change
Former Fed Pres. Plosser on Fed Policy, Candidates
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It’s going to be Janet Yellen’s Federal Reserve no matter who is the next chair.
With every headline, financial markets get jolted as investors guess whether President Donald Trump will re-nominate Yellen to the helm of the U.S. central bank or opt for a more hawkish successor such as Stanford University economist John Taylor. Fed chairs matter. If credible, they influence dozens of policies, from regulation to research.