UBS On-Air: Paul Donovan Daily Audio 'A reluctant defense of Powell'

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Recorded22 Aug 2025

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Show notes

In my view, central bank policy would have been better served had US President Trump extended former Fed Chair Yellen's term instead of appointing Powell. Powell has lacked confidence, and failed to articulate a medium-term vision for the economy at a time of uncertainty caused by structural change. The resulting mantra of “data dependency” has not been helpful as data has very obviously become significantly less reliable.

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