Bank stocks rise on decision to nominate Jerome Powell for second term as Fed chair -Breaking
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© Reuters. FILE PHOTO: A dealer works on the buying and selling ground as a display shows a press release by Federal Reserve Chair Jerome Powell following the U.S. Federal Reserve’s announcement on the New York Inventory Change (NYSE) in New York Metropolis, U.S., September 22, 2021. RENEW YORK (Reuters) – Shares in U.S. banks rose on Monday after Federal Reserve Chair Jerome Powell was nominated for a second four-year time period by President Joe Biden.
The financial institution index was up 1.45%, on tempo for its largest every day proportion acquire in 5 weeks.
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