đš U. S. MARKET UPDATE: TRUMP TO ANNOUNCE NEW FED CHAIR SOON đșđžđŁ
According to the Financial Times, President Trump is nearing the conclusion of discussions regarding the selection of the upcoming Chair of the Federal Reserve, with an announcement anticipated as soon as this week.
â ïž Why this matters:
âĄïž A new Chair could indicate a drastic change in the approach to interest rates
âĄïž Decisions regarding monetary policy can have widespread effects on the whole U. S. economy
âĄïž Investors all over the world are anxious â one statement could affect trillions of dollars in assets
Time is running out⊠and global markets are preparing for the outcome. âłđ
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