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Powell moving cautiously toward ‘exit’

15 3 4
21.02.2018

Jerome Powell, 65, received a harsh welcome from financial markets after becoming chair of the U.S. Federal Reserve Board and launching a new regime. What course will Powell chart as the Fed — which serves as the U.S. central bank — shifts to a normalized monetary policy after years of large-scale easing?

The Yomiuri Shimbun interviewed Totan Research Co. President Izuru Kato about Powell’s strategy. Kato has for many years analyzed the monetary policies of Japan, the United States, European states, China and other countries. The following are excerpts from........

© The Japan News