Stephany Griffith-Jones, former vice chair of the Federal Reserve: "Powell will have less influence than he did as chair, but he will help foster a more cautious approach"

"A very positive performance under challenging circumstances"– that is how Stephany Griffith-Jones, former vice president of the Central Bank, assesses Jerome Powell’s tenure as chair of the U.S. Federal Reserve, which comes to an end this Friday. At the time, I was on the Central Bank’s board, and we were concerned, but we were able to observe how the Fed’s actions…