US growth capped, but new Fed chair could break that, says CEO McGonegal
Capital Link's McGonegal says Jerome Powell will boost the economy by 'letting the reins out'
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.