Reflecting on recent stock market instability, the Ford School's Betsey Stevenson told Bloomberg in an interview that, "I do think that he [Jerome Powell, Federal Reserve chairman] is going to reassure financial markets that we have a strong and solid monetary policy team and that they will step in if necessary." Stevenson also asserted that "Powell is in a difficult position because he needs to calm the markets down and he also needs to make sure that he doesn't put the Fed at any kind of risk from retribution from President Trump."
