Fed Chair Jerome Powell has been nominated for a second term. Here’s what that means for investors
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Jerome Powell, Chairman of the U.S. Federal Reserve, speaks with reporters following the Federal Reserve’s emergency decision to reduce interest rates to protect the largest economy in the world from the effects of the coronavirus. This was during a Washington news conference on March 3, 2020.
Kevin Lamarque | Reuters
After Jerome Powell’s renomination as Chairman of the Federal Reserve, stocks rose and bank shares rallied. Bonds fell after Powell’s renomination.
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