Economics
Powell Marks One Year on the Job as Federal Reserve Turns Dovish
- Interest rate decisions due in U.K., Brazil, India, Mexico
- Bloomberg Economics’ Guide to the world economy’s week ahead
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Jerome Powell this week marks his first year as chairman as the Federal Reserve under pressure to deliver on the commitment of his opening day to explain “what we are doing and why we are doing it.”
Powell hosts a town hall meeting with educators in Washington on Wednesday, a day after he celebrates his anniversary. He does so after a year which witnessed four interest rate hikes and numerous tweets from President Donald Trump. It ended with policy makers delighting markets by signaling they may not tighten monetary policy again for a while.