Trump, Fed and Powell
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Federal Reserve Chair Jerome Powell is set to speak today at Stanford event but will not make any comments on monetary policy ahead of FOMC.
President Donald Trump strongly hints National Economic Council chief Kevin Hassett will replace Jerome Powell as Federal Reserve chair.
Powell said he would not discuss current economic conditions or monetary policy, choosing instead to honour former US Secretary of State George Shultz.
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Hassett touts market response to report that he’s the front-runner to replace Powell at the Fed
Director Kevin Hassett on Sunday touted the market response to a Bloomberg report last week suggesting Hassett is broadly considered the front-runner among
US Federal Reserve Chair Jerome Powell on Monday avoided making comments on the current economic conditions of the United States or the Fed's monetary policy. Powell was addressing an event at the Hoover Institution at the Stanford University. “Just to be clear, I will not address current economic conditions or monetary policy,” he said.
Wall Street's main indexes opened lower on Monday as investors stood on the sidelines ahead of fresh economic data and a closely watched speech from Federal Reserve Chair Jerome Powell to gauge the central bank's policy decision later this month.