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MNI BRIEF: Powell Has Done Exceptional Job, Evans Says

(MNI) Ottawa

Chicago Fed President Charles Evans said Jerome Powell has done an exceptional job, while speaking with reporters Thursday about carrying on the central bank's goals through potential leadership changes in coming months.

"Jay Powell has done an exceptional job as Chair, I think he's led our committee through a very challenging time," he said. "I have really enjoyed working with Jay and I certainly hope that continues." Powell's first term as Fed Chair ends in February 2022 and no decision has yet been made on a second term.

Ex-Fed officials and staffers tell MNI they are concerned higher inflation expectations might become entrenched as the Fed promises to look through strong readings.

MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
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