Fed
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Jerome Powell: what kind of Fed leader will he be?
By choosing to elevate the uncontroversial Jerome Powell to chairman of the U.S. Federal Reserve, President Donald Trump has scored a rare bipartisan success. Mr. Powell lacks formal training in economics, though, and while he can be expected to sail smoothly on his predecessor’s course, it is hard to foresee if he can make an effective Fed leader in more challenging circumstances.
Exchange rates: a race to the bottom
Trying to predict how exchange rates will evolve during the rest of the year is a futile exercise. For different reasons, the world’s major central banks are all doing their best to weaken their own currencies. Summary <i>In the United States, the Federal Reserve is having second thoughts about resetting ...
Global Trends: China tightens up as its economy falters
If you thought that the crisis facing China’s equity and currency markets – so evident last summer – was over, renewed turmoil in the first weeks of 2016 shows that there is still a long way to go, writes GIS Guest Expert Nick Fielding. Government support has helped slow the ...
Dysfunctional politics stands in the way of Peru’s economy
More than 10 years of spectacular economic growth have come to an end in Peru with the conclusion of an era of extraordinarily high commodity prices. This sharp downturn coincides with general elections for the presidency and the legislature. Investors and Peruvians in general are assessing what has been achieved, ...
Bleak chance of gold rebounding
At the end of July, gold dropped below US$1,100 per ounce and many experts predict that the fall will not stop until US$800 or US$600 is reached. Yet, at first blush, the economic environment would seem ideal for a bull market: low inflation, low interest rates and overpriced stock markets ...
