Federal Reserve keeps interest rate the same as Janet Yellen passes baton to Jerome Powell
Federal Reserve keeps interest rate the same as Janet Yellen passes baton to Jerome Powell
- January 31, 2018
- Gary Richardson, economics, in The Washington Post and The Denver Post, Jan. 31, 2018
-----
“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.
-----
Would you like to get more involved with the social sciences? Email us at communications@socsci.uci.edu to connect.
Related News Items
- Careet RightLos Angeles County restaurants struggling to keep up with inflating cost of food
- Careet RightTrump's quest for more sway over Fed faces fresh hurdles
- Careet RightGas prices in SoCal soar as war in Iran continues
- Careet RightIndependent truckers feeling pain at pump with increasing as prices
- Careet RightFrom food to plastic: rising costs due to war