Jerome Powell increases the risk of a FED policy error

---

---

The announcement of Jerome Powell as the next US Federal Reserve (FED) Governor has the potential to increase the risk of a FED policy error in 2018 and beyond.
The FED has indicated in its economic projections that it expects to raise interest rates by 75 basis points in 2018, so potentially three 25bps rate rises. This is in stark contrast to the futures market pricing, which is expecting only 35 basis points rise in 2018. Recent analysis by Prattle, who ran some algorithms on public statements from potential FED governors, have revealed that he could be significantly more dovish that Janet Yellen. We are cautious on this analysis because the last public statement he made mid-year was a carbon copy of what Janet Yellen was saying at the time, revealing at least that he tends to toe th
Läs mer på ETF-marknaden

Personer, platser och ämnen i nyheten

• Jerome PowellAmerikansk jurist
• FRFederal Reserve System

Läs mer om

• FED
• US Federal Reserve
• Prattle
• Janet Yellen
• Pantheon Macroeconomics
• Federal Reserve
• Butterfill
• Research
• Strategy
• ETF Securities
• Head
• HSBC
• Multi
• Fund Manager