The Fed holds steady
Jay Powell’s final rate conference
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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Yesterday, JayPowell made his final remarks as chair of the Federal Reserve. And then he announced his intention to remain on the board. Today on the show, Katie Martin and Rob Armstrong think about the future of the Fed under likely successor Kevin Warsh, who will govern with a former chair on the board. Also they go long a new acronym and long Katie’s 103-year-old grandmother.
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You can email Robert Armstrong and Katie Martin at [email protected].
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