11 days ago • Posted by William Ramstein

#Powell to stay as chairman: 2-yr yields rise because he is considered #hawkish. #Win-win for markets because continuity clears up the future?

Powell is re-nominated to a second term, and markets are reacting well. US futures extended gains with contracts on the Dow Jones rising more than 150 points and both the S&P 500 and the Nasdaq adding around 0.5% each. Lael Brainard, who was the other top candidate, will be vice chair.