However, unlike Yellen, Powell is more open to financial deregulation.
In April, he said that the regulations adopted after the global financial crisis have raised burden on smaller firms, although they helped the U.S. financial system to become stronger and more resilient.
He also supported simplifying the rules in order to improve the efficiency and effectiveness of regulation without sacrificing safety and soundness of the financial system.
"I...am committed to making decisions with objectivity and based on the best available evidence, in the longstanding tradition of monetary policy independence," said Powell at his nomination announcement.
Market investors widely expected that Powell's Fed could ensure the continuity of the monetary policy and might fine-tune current financial regulations.
【国际英语资讯:Trump picks Powell to lead Federal Reserve, policy continuity expected】相关文章:
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