Showing posts with label Jay Powell. Show all posts
Showing posts with label Jay Powell. Show all posts
December 28, 2018

President Trump seems to be on route to become one of the greatest “paga-peos” (scapegoats) in history.

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Sir, Gillian Tett writes that for her “money, there is another, darker, way to interpret this week’s [extreme volatility in US equity marke...
November 30, 2018

Hercules Poirot, as a bank regulator, would be much more watchful of the “safe” than of the obvious risky.

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Sir, Gillian Tett reminds us that “Any fan of Agatha Christie mystery books knows that distraction is a powerful plot device: if there was ...
July 28, 2018

Should central bankers answer my questions, or are they better off ignoring these?

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Gillian Tett writes: “A century ago…central bankers barely talked to the public. Montagu Norman, the Bank of England governor from 1920 to ...
February 26, 2018

Rana Foroohar. Please ask yourself a question and, if you cannot answer it, do ponder why.

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Sir, I refer to Rana Foroohar’s “ Three questions for the Fed’s Powell ” February 26. Ms. Foroohar (and you too Sir) should ask herself...
February 05, 2018

Banks now invest based on the risk-adjusted yields of assets adjusted for allowed leverages; that distorts the allocation of credit to the real economy.

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Sir, Lawrence Summers, when writing about the challenges Jay Powell will face as Fed chairman mentions “Even with very low interest rates, ...
November 04, 2017

Mr. Powell. Tear down that wall of risk weighted capital requirements that destroy bank systems and economies

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Sir, Sam Fleming writes that Jeremy Stein, a Harvard academic describes Jay Powell, the newly appointed chairman of the Fed, as curious, in...