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Biden to Announce His Nominee for Head of the Fed

Biden to annouce his nominee

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#1 redfoliage2

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Posted 17 November 2021 - 10:23 AM

https://www.barrons....eek-51637157651



#2 12SPX

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Posted 17 November 2021 - 10:29 AM

I'd be shocked if it wasn't powell!! 



#3 redfoliage2

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Posted 17 November 2021 - 10:35 AM

Maybe someone more dovish?   I guess it's likely already leaked out ....................


Edited by redfoliage2, 17 November 2021 - 10:43 AM.


#4 12SPX

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Posted 17 November 2021 - 10:57 AM

more doveish omg, how can you get more lol!!  “We will not raise interest rates pre-emptively because we fear the possible onset of inflation. We will wait for evidence of actual inflation or other imbalances." - J. Powell Inflation over last yr... Export Prices: +18.1% Import Prices: +10.7% PPI: +8.6% CPI: +6.2% PCE: +4.4%



#5 fib_1618

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Posted 17 November 2021 - 12:51 PM

Without getting into the politically motivated cultural aspect of this nomination, my FF is that he'll nominate Lael Brainard for two reasons:

 

1) She's been the unofficial head of creating a National Crypto Banking system for several years now

 

and

 

2) How can you not nominate the head of the Federal Reserve who has the word "brain" as part of their last name?!? yes.gif

 

Fib


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#6 redfoliage2

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Posted 17 November 2021 - 02:36 PM

It's likely to be announced as soon as tomorrow so that they can concentrate on the spending bill before Thanksgiving  ......................


Edited by redfoliage2, 17 November 2021 - 02:37 PM.


#7 12SPX

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Posted 17 November 2021 - 03:22 PM

Except there was an announcement that he wasn't going to do it till Thanksgiving! 



#8 redfoliage2

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Posted 17 November 2021 - 03:40 PM

I see regardless whom will be chosen the market should get a relief .............. ......................


Edited by redfoliage2, 17 November 2021 - 03:44 PM.


#9 12SPX

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Posted 17 November 2021 - 04:07 PM

Totally agree its -0.6% off of all time highs its got a deserved bounce coming!!!! lol!!  swoon.gif pop.gif 



#10 redfoliage2

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Posted 18 November 2021 - 12:18 PM

Sure, the market bounced big today.  The market just figured out who will be the next Fed president.  BTW, I see both USD and GOLD may have topped ...................


Edited by redfoliage2, 18 November 2021 - 12:21 PM.