Who has Fed Chair Powell’s ear? Lawmakers and bankers

SAN FRANCISCO: Federal Reserve Chair Jerome Powell spends more time with US lawmakers, White House advisers, and bankers than did his predecessor Janet Yellen, who tended to favour meetings with professors, the Treasury secretary and community advocates.

That is the rough picture that emerges from calendars detailing Powell’s first four months on the job, the latest of which was published on the US central bank’s website last Friday.