Economics

Charting the U.S. Economy Yellen Will Leave to Successor Powell

At the direction of President Donald Trump, the Federal Reserve chairmanship baton will be passed to Jerome Powell from Janet Yellen, and with it, a U.S. economy that’s been uninspiring in terms of growth yet remarkable in its longevity.
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At the direction of President Donald Trump, the Federal Reserve chairmanship baton will be passed to Jerome Powell from Janet Yellen, and with it, a U.S. economy that’s been uninspiring in terms of growth yet remarkable in its longevity.

America’s economic expansion has run for roughly 100 months and is already the third-longest on record, yet the average growth rate is more subdued than the previous three periods. As for the Fed’s mandate -- maximizing employment and keeping prices stable -- the report card is mixed.