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Powell, Yellen, Bernanke to Appear Together on CBS 60 Minutes Sunday
“Powell sat with Pelley this week in Washington, D.C. for a wide-ranging discussion that includes the Fed Chairman's remarks on interest rates, the outlook for America's economy and whether the U.S. financial system is vulnerable to cyberattacks. The interview comes almost 10 years to the day since Pelley's groundbreaking interview with then-Fed Chairman Ben Bernanke during the Great Recession. Bernanke and his successor, Janet Yellen, appear alongside Powell in one of the interviews for this report to discuss how they advised him to handle the job and the criticism that comes with it.”
Overall good interview. Powell was sanguine regarding the U.S. economy. Sees slow steady growth. Wouldn’t commit on future rate hikes saying the Fed is “patient” and “data dependent.” He did say, however, that the slowing economies in China and Europe, along with the chaos surrounding BREXIT, pose the most serious threats to the U.S. economy. Former Fed chairs Yellen and Bernanke said very little. One had the impression they were there primarily for moral support.
@MFO Members: The 60 Minutes interview was a complete waste of my time.. It was billed as a conversation between Powell, Yellen, and Bernanke. Powell didn't say anything new, and Yellen and Bernanke were nothing more than window dressing. Regards, Ted
Comments
Regards,
Ted
https://www.cnbc.com/2019/03/11/fed-chair-powell-the-law-is-clear-trump-cant-fire-me.html
Overall good interview. Powell was sanguine regarding the U.S. economy. Sees slow steady growth. Wouldn’t commit on future rate hikes saying the Fed is “patient” and “data dependent.” He did say, however, that the slowing economies in China and Europe, along with the chaos surrounding BREXIT, pose the most serious threats to the U.S. economy. Former Fed chairs Yellen and Bernanke said very little. One had the impression they were there primarily for moral support.
Regards,
Ted
P.S. I'm canceling my subscription to TV Guide !