The big difference between him and
previous Fed Chairs will be his reluctance to alter that plan as conditions change.
Powell's reaction function is much, much less sensitive to short - term market and economic indicator fluctuations than
previous Fed Chairs.
Whereas
the previous Fed Chairs might have been more inclined to worry about rocketing financial asset prices and increase the pace of tightening in this environment, Powell will maintain status quo even in this scenario.
He also seems to be unfazed by market volatility, unlike
previous Fed chairs.
While Trump has made eyebrow - raising hires in segments including the Environmental Protection Agency, Powell is considered a consensus - builder, and a continuation of
the previous Fed chair.
Not exact matches
After repeated episodes stretching back to 2013 when the
Fed had failed to deliver predicted rate rises, market participants were now faced with a specific warning from
Fed Chair Yellen that policy accommodation would be removed more quickly than in
previous years.