Powell

Markets Assuming Powell Getting Named Fed Chair

November 2, 2017

President Trump will formally announce his choice of Federal Reserve chairperson today at 15:00 EDT. The worst kept secret is that Jerome Powell will likely get the nod. Although a lawyer by training, his career has been immersed in financial markets. Other top news: Euroland’s October purchasing managers index rose 0.4 points to an 80-month […] More

Mixed News at Month End

October 31, 2017

The dollar traded up by 0.6% against the kiwi, 0.4% relative to the Swiss franc and Australian dollar, and 0.2% vis-a-vis the yen, euro and loonie. The dollar is unchanged against sterling and 0.3% and 0.2% softer against the peso and yuan. In stock market action, share prices rose 0.9% in South Korea and 0.5% […] More

A Week Begins Fraught with Possibility

October 30, 2017

U.S. President Trump has promised to reveal his choice for Fed Chairperson this week before leaving for Asia on Friday. Jerome Powell is perceived to be the likeliest choice. Although presently a member of the Fed Board of Governors, Powell is not an economist by training. Over the past 47-1/2 years, economists have chaired the […] More

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