Bank of Tokyo Mitsubishi UFJ econkomist.....>

US VIEW: Bank of Tokyo Mitsubishi UFJ econkomist Chris Rupkey said of Fed Chair

nominee Powell that "net, net" US Pres. Trump "chose a middle of the road, don't

rock the economy's boat, Fed Chairman, and this indeed is the man we got at

today's nomination hearing for Powell."

- "Powell has chosen a careful career path as a man who stays in the middle of

the road, and in that way he avoids making big mistakes that can lead one to

crash and go off the road" or "lose your job," Rupkey said. "A man in the middle

of the road makes fewer mistakes, big ones anyway, and this is likely to be the

guide to following the new Fed under Chairman Powell. Just get on base, don't

try to hit it out of the park. Slow and steady wins the race and this means we

don't see the Fed's current path of interest rates the next few years changing

much under a Fed Chairman Powell."