What does Federal Reserve Chairman Jerome Powell like to do in the morning before work?
“Work,” Powell said.
That was his initial response to a question emailed to the Brookings Institution in Washington, D.C., along with other more serious questions about monetary policy and interest rates. Powell answered some of them after his Wednesday afternoon remarks on the U.S. economic outlook, inflation and the labor market.
“I’m a super early person, and I read a bunch of newspapers and drink my coffee in peace,” Powell said. “That’s what I do.”
Asked if he still rides his bike now that he is Fed Chair, Powell said: “Some.” He started to say where, but stopped himself. “Well, I won’t tell you where I ride.”
David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, said in response: “The security guys thank you for that” as the live audience members laughed.
Wessel plucked the question about Powell’s morning routine from among a batch of questions, including some he said were “so poorly framed that I couldn’t even understand the question.”
Write to Janet H. Cho at firstname.lastname@example.org