Changing of Chairs: Styles of Central Banker and Rate Cycles
Since the mid 70s the Chairman of the Federal Reserve Board have served at least two consecutive terms (terms are 4 years at a time). The appointment of Janet Yellen, being the first women Chairperson of the Federal Reserve Board, back in 2014 by Barack Obama marks the first break in that trend, serving only one term. Many have asked if this change in Chairs will make a difference in the interest rate hike cycle in the US. Our Short answer: NO.
This article appeared in the Spring 2018 issue of our newsletter, “Interest Gained”. To read the full newsletter, please click here.