Trump leaning towards Powell to the President of the Fed — report




Bloomberg report

  • Bloomberg cites three people familiar with Trump’
  • The decision is not yet final
  • Trump advisers to the choice of either Powell or Taylor for the job, according to several people familiar with the deliberations

Full report.

The report is weighing on the US dollar and pulling down yields. The market had been leaning towards Taylor since the middle of this week where there were reports that he won a straw poll among Senators.

Stocks and bonds are going to love this news, while the dollar is under pressure.



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