Uday Kotak, Chief Executive Officer, Kotak Mahindra Bank said US Federal Reserve Chairman Jerome Powell’s stance to fight inflation reminds him of former chair of the US central bank Paul Volcker, who turned around inflation in the 70s/80s.
Federal Reserve Chairman Powell finally spoke firmly to fight inflation. Reminds us of Paul Volcker who broke the back of US inflation in 70s/80s. Watch out for Quantitative Tightening ( QT). US rules the financial world. Opiated markets will wake up and smell the coffee!— Uday Kotak (@udaykotak) August 29, 2022