WASHINGTON, DC - JANUARY 30: Federal Reserve Board Chairman Jerome Powell pauses during a news conference after a Federal Open Market Committee meeting January 30, 2019 in Washington, DC. The Fed has decided to leave interest rates unchanged. Alex Wong/Getty Images/AFP== FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==
LONDON: Jerome Powell (pic) this week marks his first year as chairman as the Federal Reserve under pressure to deliver on the commitment of his opening day to explain “what we are doing and why we are doing it.”
Powell hosts a town hall meeting with educators in Washington on Wednesday, a day after he celebrates his anniversary. He does so after a year which witnessed four interest rate hikes and numerous tweets from President Donald Trump. It ended with policy makers delighting markets by signalling they may not tighten monetary policy again for a while.
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