Thornburg Investment Management Co-Head of Investments Jeff Klingelhofer in MarketWatch

Here’s what Powell’s nomination for 2nd term as Fed chairman means for markets

Investors buoyed by ‘continuity’ as rival Brainard gets No. 2 spot, analysts say

Stock-market investors appeared to be cheering President Joe Biden’s decision Monday to nominate Jerome Powell to serve a second four-year term as Federal Reserve chairman.

The move had been widely anticipated by many, including betting markets.

Read more here.


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