Bank of Singapore: Policy continuity expected under Powell but 2018 clarity still lacking

2 November 2017 | 3 minutes read

Jerome Powell may expected to replace Janet Yellen as Fed Chair and to maintain continuity in monetary policy but Bank of Singapore has highlighted key headwinds pertaining to Powell’s credentials and market non-consensus. Lacking academic credentials in economics “far from ideal” Bank of Singapore describes Powell as a “centrist Yellen-lite” Chair that lacks academic credentials in economics—a sore point given…

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