Ever since Donald Trump officially nominated Jerome Powell on Nov. 2 to be president of the Federal Reserve Board, Wall Streeters and others have been rubbing his bio for evidences on what type of U.S. central banker he’ll be. Here’s what we know: Powell has a personality that diverges toward consensus building. The has Powell.
There aren’t many beings still working on Wall street who can blithely say ” Bill” when speaking of long-ago Federal Reserve Chairman William McChesney Martin. Henry Kaufman , now 89, is one of them. The Wall Street economist formerly known as Dr. Catastrophe for his bearish statements on interest rates cited Martin in an Oct. […]