Powell a 'steady hand' to lead Fed: Bullard
Tweet
Share
E-mail
Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on his nomination to become chairman of the U.S. Federal Reserve in Washington, U.S., November 28, 2017. REUTERS/Joshua Roberts
LITTLE ROCK, ARK (Reuters) - Federal Reserve Governor Jerome Powell, President Donald Trump's nominee to become Fed chair, will be a "steady hand" at the central bank, St. Louis Federal Reserve bank president James Bullard said on Friday.
"He will be very good...A steady hand," Bullard said, arguing that the Fed's network of 12 regional banks and a Washington-based board give the central bank "a lot of continuity in policymaking even when new people are coming and other people are going...That will be the case here."
(Reporting by Howard SchneiderEditing by Chizu Nomiyama)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Trump admin reportedly not expecting to reach Canada tariff deal
- BofA sees dollar weakness continuing with New Zealand dollar gains
- American Airlines to add premium seats, bring back seatback screens fleetwide
Create E-mail Alert Related Categories
Fed, General News, ReutersRelated Entities
Donald J. Trump, James Bullard, Jerome PowellSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
