Archive for November 23rd, 2021

New Overnight Developments Abroad - Daily Update

Powell’s Renomination Reinforces Belief that Fed Interest Rate Liftoff Will Happen Sooner Rather than Later

November 23, 2021

Of the two finalists for chairperson of the Federal Reserve, Powell was considered likelier than Brainard to secure the earlier initial hike of the federal funds rate. Both candidates remain on the Federal Reserve Board of Governors, Brainard as Vice Chairman, and Biden still has three vacancies to fill and thus additionally shape future monetary […] More

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