Fed Reserve chairman Jerome Powell faced a bumpy 1st year in 2018-19 fiscal year.
Jerome Powell, had the variable 1st year as the Federal Reserve chairman. However, it is due to the policy of comforting the key investors. On the other side, the economic data also offered a mix series of signals and US President Donald Trump also took harsh policy against the US central bank.
The year 2018 has seen the dramatic decline in stocks and also the fall in bond yields. However, financial markets now need to gear up for the upcoming year 2019.
Confounding issues further, flimsier worldwide development may compromise what have been ground-breaking gains in the US work showcase and solid residential development. Add to that an trade war with China and a shutdown of parts of America’s government over a spending impasse, and the outcome is a powerful mix of vulnerabilities that have markets wagering the Fed won’t raise rates even once one year from now.