Fed Chair Jerome Powell has actually been chosen for a 2nd term. Here’s what that implies for financiers

U.S. Federal Reserve Chairman Jerome Powell talks to press reporters after the Federal Reserve cut rates of interest in an emergency situation relocation developed to protect the world’s biggest economy from the effect of the coronavirus, throughout a press conference in Washington, March 3, 2020.

Kevin Lamarque | Reuters

Stocks increased as bank shares rallied and bonds sold after Jerome Powell was renominated as chairman of the Federal Reserve.


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