2017-10-03 18:39:00 Tue ET
federal reserve monetary policy treasury dollar employment inflation interest rate exchange rate macrofinance recession systemic risk economic growth central bank fomc greenback forward guidance euro capital global financial cycle credit cycle yield curve
President Trump has nominated Jerome Powell to run the Federal Reserve once Fed Chair Janet Yellen's current term expires in February 2018. Trump's strategic decision is unlikely to disturb the current roaring stock market. Powell will probably maintain monetary policy continuity with a dovish stance of slow and gradual interest rate acceleration. This dovish stance not only extends the gradual interest rate hike, but also accommodates sluggish manufacturing work recovery, low wage growth, and wider diffusion of digital technology usage in America.
The Trump administration targets 3% GDP growth and 2% inflation for household and corporate tax incentives to meet fiscal neutrality. Powell has risen to the challenge of competing with several contenders for the top post of Federal Reserve: Janet Yellen (incumbent), John Taylor (Stanford professor), Gary Cohn (White House chief economist), and Kevin Warsh (former governor). Powell's inclination toward more pervasive financial deregulation is a primary advantage for Trump's calculus. Others warn that the likely imbalance between inflation containment and employment growth may cause distortions in the U.S. economy. In essence, monetary policy continuity trumps contractionary monetary policy normalization under the current Trump administration.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2019-10-15 09:13:00 Tuesday ET

U.K. prime minister Boris Johnson encounters defeat during his new premiership. The first major vote would pave the path of least resistance to passing a no
2023-07-07 10:29:00 Friday ET

Louis Kaplow strives to find a delicate balance between efficiency gains and redistributive taxes in the social welfare function. Louis Kaplow (2010)
2019-05-09 10:28:00 Thursday ET

President Trump ramps up 25% tariffs on $200 billion Chinese imports soon after China backtracks on the Sino-American trade agreement. U.S. trade envoy Robe
2019-02-15 11:33:00 Friday ET

President Trump is open to extending the March 2019 deadline for raising tariffs on Chinese imports if both sides are close to mutual agreement. These bilat
2019-05-21 12:37:00 Tuesday ET

Chicago finance professor Raghuram Rajan shows that free markets need populist support against an unholy alliance of private-sector and state elites. When a
2025-06-21 05:25:00 Saturday ET

President Trump refreshes American fiscal fears, worries, and concerns through the One Big Beautiful Bill Act. The Congressional Budget Office (CBO) estimat