New breed of central bankers is harder to read swahapattanaik
Jerome Powell, chairman of the U.S. Federal Reserve, testified on monetary policy before a committee of the House of Representatives on July 10, and will appear at a Senate committee on July 11.
Powell said concerns about trade policy and a weak global economy “continue to weigh on the U.S. economic outlook” and the Fed stands ready to “act as appropriate” to sustain a decade-long expansion. European Union leaders on July 2 named Christine Lagarde, current head of the International Monetary Fund, to be the next president of the European Central Bank.
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