If you wonder why things are going to get a lot worse before they get better—just consider the following tidbit from today’s political gleanings. It essentially cements the case that Washington is heading straight into a bond market conflagration that will wreak havoc on the Wall Street end of the Acela Corridor. It seems that […]
Senate Approves Jerome Powell as Fed Chair…
The U.S. Senate on Tuesday voted to confirm Jerome Powell as the next chairman of the Federal Reserve. Powell will assume the role of the central bank’s top official in February, replacing Janet Yellen, after the Senate voted 85-12. President Donald Trump chose Powell, a member of the Fed’s board of governors, as his nominee […]
Trump Selects Powell for Fed Chairman, Replacing Yellen…
President Donald Trump plans to nominate Federal Reserve Governor Jerome Powell to the top job at the U.S. central bank, according to three people familiar with the decision. Trump, who has said he’ll announce his pick Thursday, would be choosing a former private-equity executive who favors continuing gradual interest-rate increases and sympathizes…
What a Jerome Powell-Led Fed May Look Like…
Traders are likely to breathe a sigh of relief if Jerome Powell, the Fed governor under consideration by President Donald Trump to become chairman of the central bank, gets nominated. Powell is now the favorite in betting markets amid published reports he’s in the lead to get Trump to nominate him. Trump himself called Powell […]
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