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Senate Has Votes To Confirm Brainard as Fed Vice Chair

US

Bloomberg reports that:

SENATE HAS VOTES TO CONFIRM BRAINARD AS FED VICE CHAIR

SENATE VOTE ON BRAINARD FED NOMINATION IS ONGOING

  • As expected having cleared the procedural step yesterday.
  • It doesn’t provoke a reaction from Fed Funds futures, hovering with 51bp for the May meeting, 106bp for June and 237bps for the six meetings to year-end, having already been trimmed through the session.

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