LGT's Kumada Says He's Amongst Happy Crowd on Fed Pick

The transcript discusses the potential leadership of Jerome Powell as the head of the Federal Reserve, comparing him to Janet Yellen. It highlights the market's preference for continuity and the expectations for interest rate changes in December and March. Powell's pragmatic approach to economic policy, especially regarding the Phillips curve and inflation expectations, is emphasized.

What is the general sentiment towards Jerome Powell leading the Federal Reserve?

• Optimism and continuity

• Skepticism and doubt

• Disappointment and concern

• Indifference and neutrality

How did the speaker view Janet Yellen's performance as the head of the Federal Reserve?

• She was too aggressive with policies

• She struggled and was ineffective

• She was indecisive and inconsistent

• She did a commendable job

What is the market's expectation for the Federal Reserve's action in December?

• An increase in interest rates

• A complete overhaul of policies

• A decrease in interest rates

• No change in policy

What is a key factor that will influence Powell's decisions in his first policy meeting?

• Public opinion

• International trends

• Economic data

• Political pressure

How does Powell view the Phillips curve in relation to economic policy?

• As a definitive guide

• As an outdated concept

• As a flexible theory

• As irrelevant to current policies