New Fed chair gets thumbs up from Asia investors
Jerome Powell, the next chairman of the US Federal Reserve, should continue the policies of current head Janet Yellen, which should ensure a good Asia outlook, experts say.
US president Donald Trump's appointment Jerome Powell as the next chairman of the Federal Reserve indicates that the country's monetary policy is likely to remain on its current trajectory for the time being. That's good news for Asia, which is benefiting from the country's low rates and relatively strong economy, say investment experts.
“Powell represents the greatest level of continuity from Chair Yellen,” David Lafferty, senior vice president and chief market strategist at Nat…
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