The name of the chair of the US Federal Reserve’s monetary policy committee is expected to be announced shortly. A shortlist of five names has been revealed: Gary Cohn, Jerome Powell, Kevin Warsh, John Taylor, and Janet Yellen. Their differences can be seen in three key areas.
In an opinion piece for Forbes, Arthur Jurus discusses this choice, which isdecisive not only for US monetary policy but also for the global economy.
Three issues for the next Fed Chair:
– The pace of rate hikes
– The contraction of the Fed’s balance sheet
– Financial stability
Three challenges for the next Fed Chair:
– The possible contraction of US corporate margins in the future
– The non-linear relationship between inflation and unemployment
– Stock market valuations and the possible tightening of financial conditions
READ THE ARTICLE:
– FED: Change within Continuity? –
