Fed's Powell may have made US monetary policy boring again

Published On Dec 2, 2024, 6:09 AM

The article discusses how Federal Reserve Chair Jerome Powell's approach to monetary policy has shifted from a crisis-driven role during the pandemic to a more traditional, stable stance focused on controlling inflation. The Fed is likely to adopt a more cautious inflation-targeting approach in the future, making its role less prominent in economic discussions. This is reflected in changes in policy and leadership expectations as the U.S. economy stabilizes. Powell is now seen as a figure who may restore normalcy to central banking after a period of unprecedented measures due to economic crises.