Upcoming Fed chair Jerome Powell could communicate from a ‘private-sector perspective’ and boost US economic growth, says Brett McGonegal, CEO at Capital Link International.
“Everyone is talking about ‘continuity. Is this a safe guy,'” McGonegal says. “Let’s take a different angle. This is not an insider. This is not an economist. This is a guy that can articulate the market but from a private sector point of view and hopefully break what I think was the Yellen cap on growth.
“I think he’s going to let the reins out a little bit and I think that will be really positive,”added McGonegal, who is also a principal shareholder at Asia Times.