Powell has a long to-do list for his last full year as Fed chief

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WASHINGTON: The Federal Reserve will conclude its final meeting of 2024 on Wednesday, and next year will likely be Fed Chair Jerome Powell's last full one at the helm of the U.S.central bank, with his four-year term due to expire in May of 2026.

"I suspect there are going to be some major pushes from the Trump administration to change how the federal government implements financial policy," said David Beckworth, a senior research fellow at George Mason University's Mercatus Center.

Powell focused a lot of his energy as Fed chief in building relationships with members of Congress, and those ties may be important as lawmakers debate possible changes in bank regulations and the supervisory structure used to enforce them.

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Category: EconomyBusiness

Markets: Malaysia

Topics: Federal Reserve Donald Trump /Business/Business News Banking Jerome Powell Interest rates

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 20:45:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

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