New Fed Boss, New Inflation Equation?

Fresh off a resounding confirmation by the U.S. Senate, Jerome Powell takes over as chairman of the Federal Reserve next week with the central bank facing big decisions about monetary policy.
The Fed is not only in the process of gradually raising interest rates, it also has been slowly reducing its massive balance sheet in the past two years.
The big question is how aggressive the Fed may need to be if economic growth picks up because of the tax cut package and triggers a troublesome spike in inflation.
Powell has said he favors a gradual increase in interest rates, but some analysts consider him more likely to speed up the pace than his predecessor Janet Yellen.
One area where the two definitely differ is regulation. Powell is seen as favoring less regulation on banks and investment firms and has said he would consider “appropriate ways” to reduce it.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.