Powell Hearing In Senate Next Week

Next week in DC, the headline event for financial markets will be the hearing before the Senate Banking Committee on the nomination of Jay Powell for a second term as Federal Reserve Board Chair.  At a time of rising rates and the Fed’s tapering of their portfolio, market analysts will be interpreting every word the Chair says.

In 2018, when Powell was initially confirmed by the Senate to serve as Chair, the vote was 84 to 13; hence it is anticipated he will be approved for his second...

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