Wall Street’s faith in the Fed might soon be tested
11/26/2017 General World News
jerome powell trump

  • Federal Reserve turnover is unusually high, with four seats on the central bank’s board still awaiting presidential nominations.
  • Many market participants welcome Jerome Powell, the new chair, as having market experience and signaling a degree of policy continuity with outgoing chair Janet Yellen.
  • There are also fears, however, that the dwindling number of economics PhDs at the highest levels could hamper interest rate policy in coming years.

Wall Street is becoming a little too certain about the future path of US interest rates.

Markets welcomed President Donald Trump’s nomination of Jerome Powell to replace Janet Yellen at the central bank’s helm read more >>>

Source:: BusinessInsider.Com

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