Jerome Powell May Get Extended as Federal Reserve Chief, Say Analysts
The GOP-appointed Fed chair, whose term expires in 2022, has Dem admirers in the Senate.
The GOP-appointed Fed chair, whose term expires in 2022, has Dem admirers in the Senate.
The bank credits split government, a possible vaccine, Fed actions, and possible trade war abatement.
Maybe not so much stocks, but high-yield is well-positioned if the Democrat wins and enacts his agenda, Northeast’s Monrad forecasts.
So say two savants from Principal Financial, at CIO’s Summit.
With Democrats ruling the White House and Congress, bigger federal spending should spur yield-raising inflation, report contends.
His stance clashes with that of Chair Jerome Powell, a sometime adversary.
In four years or so, due to loose monetary policy, the CPI will be jumping by 5% to 10%, the renowned financier says.
They don’t pay much interest, and future price appreciation is so not happening. Still, they have their uses.
Hardly anybody thinks they’ll take root, pointing to their blah record overseas. Not so fast.