Jerome Powell does not fit the profile of a Fed chairman at all. He is lightyears away from a Ben Bernanke or Alan Greenspan. His demeanor is more middle school math teacher than that of chairman of arguably the most powerful organization in the world. It’s interesting to listen to him speak, almost as if even he is baffled by what he’s saying. His nondescript demeanor may be the very reason he was chosen as chairman, given the fact that any microscopic change in the behavior of the chairman can trigger wild swings in the market.
The U.S. Federal Reserve Chairman Jerome Powell said that higher inflation remained the result of ‘temporary things' and is not spread broadly across the economy. Read more here: https://t.co/ENiNBCLqce pic.twitter.com/V63TiMPigC
— Reuters Business (@ReutersBiz) July 28, 2021
