Federal Reserve Chairman Jerome Powell held the shortest quarterly news conference since the Fed began giving them in April of 2011
Gotta love that!
Nathan Sheets, a former Fed economist now at PGIM Fixed Income in Newark, New Jersey comparing Yellen to Powell:
- “When she took these questions, she answered them in extremely exhaustive ways
- Powell’s approach was much more giving what he saw as the most pertinent information.”
Powell was at 43 minutes
- Janet Yellen average was around 58 minutes
- Bernanke’s … about 57 minutes