Meanwhile, the Bank of England governor and the head of the International Monetary Fund, Mark Carney, praised the Federal Reserve Chairman Jerome Powell, in particular, during an IMF and World Bank meeting.
“Of the many qualities of Jerome Powell is he’s an individual who really understands the plumbing of the U.S. and the global financial system,” Carney said. “And that’s an incredible advantage for the system at a time that the system is changing to have someone in his position who has that level of technocratic expertise.”
Likewise, IMF managing director Christine Lagarde supplemented Carney’s remarks, saying that Powell cannot be associated with “craziness.”
“No, no, he comes across, and members of his board, as extremely serious, solid and certainly keen to base their decisions on actual information, and decide to communicate that properly,” she told CNBC.
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