Powell Will Get a Second Term as Fed Chief: Wall Street Tea-Leaf Readers

powell will get a second term as fed chief wall street tea leaf readers

Sumary of Powell Will Get a Second Term as Fed Chief: Wall Street Tea-Leaf Readers:

  • Graeme Jennings-Pool/Getty Images This article originally appeared on MarketWatch.
  • President Joe Biden will give Fed Chairman Jerome Powell a second four-year term, say analysts who keep tabs on Washington for Wall Street and are now fairly certain about his renomination.
  • That’s the consensus,” said Stephen Myrow, managing partner of Beacon Policy Advisors, in an interview.
  • ” Earlier in the summer, Myrow and other Washington tea-leaf readers thought that Biden might decide to select a “groundbreaking” appointment such as the first Black Fed chair.
  • Perhaps the only insight into the White House process was a Bloomberg story which quoted people close to Treasury Secretary Janet Yellen saying that she told senior White House advisors that she supports reappointing Powell.
  • If the Fed announcement drags on into late October, that might be a signal that the White House is considering somebody other than Powell, Leiber said.

Want to know more click here go to source.

From -

Generic selectors
Exact matches only
Search in title
Search in content

Site Language

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.