“Economists want more communication; lawyers tend to want less,” said [Gary] Richardson, a professor at the University of California Irvine and the former official Fed historian. “Powell has only been at the Fed when the economy is expanding. He has no experience running the Fed when the economy is contracting.”

For the full story, please visit https://www.washingtonpost.com/news/wonk/wp/2018/01/31/federal-reserve-keeps-rates-the-same-as-janet-l-yellen-passes-baton-to-jerome-h-powell/?utm_term=.72d66c385f75.


© UC Irvine School of Social Sciences - 3151 Social Sciences Plaza, Irvine, CA 92697-5100 - 949.824.2766