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.

In what ways might Powell's approach differ from Yellen's regarding market regulation?

What is the significance of the Phillips curve in the context of current economic discussions?