Central banks to stay quiet for now, says CMC

But the Fed could clarify its big unknown – how new appointees will implement monetary policy in 2018

Federal Reserve
Federal Reserve: with a number of vacant seats on its executive team, it is unclear how monetary policy will be implemented when Trump fills those positions

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Most of the world’s major central banks are expected to remain on standby over the next three months, but the US Federal Reserve could further clarify how new appointees may move to implement monetary policy in 2018, says Michael Hewson, chief market analyst at CMC Markets.

The Fed is currently undergoing widespread executive changes on its board of governors. President Donald Trump has nominated Jay Powell, a current board governor, to replace Janet Yellen as ch

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