US Bond Market Week in Review: Powell Is Remarkably Mainstream

            Because he was more of a regulator than an economist, Governor Powell flew below my radar screen.  So when Trump nominated Powell to be the new head of the Federal Reserve, I had to do my homework, reading speeches he has given over the last year or to become acquainted with his macroeconomic outlook.  What I found was a person whose views appear to place him in the more dovish camp.  Just as importantly, it appears he is someone who is questioning why inflation is so low, which means he could eventually advocate for keeping rates lower for longer.