What Will a New Fed Chair Mean for Interest Rates?

Jerome Powell will face different challenges than his predecessor Janet Yellen as Federal Reserve chair

Aviva Investors 5 February, 2018 | 10:32AM
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Morningstar's "Perspectives" series features investment insights from third-party contributors. Here, Charlie Diebel, head of rates for Aviva Investors assesses the new Fed chair. 

New Federal Reserve chair Jerome Powell

Jerome Powell took the helm from Janet Yellen at the Federal Reserve on February 3, after winning confirmation in the US Senate by a wide margin. He is seen as a safe choice by President Trump and a consensus builder, who is expected to maintain a steady hand on the tiller of the US central bank.

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Aviva Investors  is Aviva's global asset management business