Fed’s Powell on Libor reform, repo and clearing

Risk30: Market doesn’t need to “clear all US dollars in US and all euros in eurozone” says next Fed chair

Jerome Powell: “If you roll the movie back to 2012, there has been a learning process about Libor on all sides”

Photo: TJ Kirkpatrick

This is the fourth of 10 interviews marking Risk’s 30th anniversary. An introduction to the series is available here.

They say it’s better to be lucky than good – well, Risk was lucky in bagging an interview with Jerome Powell shortly before he was nominated by US president Donald Trump to lead the world’s most powerful central bank.

Powell, one of four current members of the Federal Reserve Board, got the nod on November 2, and is slated to replace current chair Janet Yellen when her term