Fed Chair Powell set a new world record at his press conference

Author: Eamonn Sheridan | Category: Central Banks

ArticleBody

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 

LOL.

Reuters  have more  

POWell!