Bill Dudley backs Jerome Powell staying on Fed board
Updated
Updated · Bloomberg · May 4
Bill Dudley backs Jerome Powell staying on Fed board
14 articles · Updated · Bloomberg · May 4
Speaking on Bloomberg Surveillance on Monday, the former New York Fed president said Powell’s post-chair tenure could reassure Wall Street and the public.
Dudley said Powell appears to believe remaining as a governor would strengthen perceptions of Federal Reserve independence amid President Donald Trump’s campaign for lower interest rates.
He described the central bank as under merciless attack from the president, with its independence increasingly questioned as pressure on Fed policymaking intensifies.
With a former and current chair on its board, can the Federal Reserve still make effective decisions for the economy?
How will the Fed's leadership dynamic affect its strategy for tackling America's widening 'K-shaped' economic divide?