Fed Chair Nominee Jerome Powell
President Trump announced today that current Fed governor Jerome Powell will succeed Janet Yellen as Fed Chair—subject to Senate confirmation—when her term as Fed Chair ends on February 3rd next year. Markets tend to dislike change and uncertainty and, therefore, the nomination of Powell for the position of Fed Chair is the choice, other than retaining Janet Yellen, that minimizes both uncertainty and the risk of change. A question to be addressed, however, is how will Powell without Yellen formulate his views on policy as circumstances change in the economy?
RDQ Economics provides global macroeconomic consulting services with an emphasis on U.S. economic fundamentals and monetary policy.
Our views are driven by consistent application of classical economic and monetary principles and has generated superior anticipation of changes in the stance of monetary policy and of movements in economic growth and inflation.
The founders of RDQ Economics, John Ryding and Conrad DeQuadros, have a combined experience of 26 years on Wall Street, 12 years of experience in central banking at the Federal Reserve and the Bank of England and nine years in the independent research space. John and Conrad have worked closely with fixed income, foreign exchange, and equity traders and portfolio managers, which has enabled their analysis and advice to be tailored to a clientele that is focused on trading and investment decisions.
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