Free Trial

### POV, Barring any last minute ruminations,...>

FED: ### POV, Barring any last minute ruminations, US President Trump is
expected to announce his choice for Fed chair appointment this Thursday.
According to New Zealand based prediction market PredictIt, chances of current
Fed board governor Jerome Powell being confirmed on February 4 has risen to 90%.
Widely deemed a centrist/dove, a Powell appointment isn't likely to shake
markets up much as he carries on Janet Yellen's legacy. The surprise/tail event
would be Stanford economist John Taylor pick, currently a distant second with
9%. Deemed hawkish, rates are likely to react negatively (Tsy curve
bear-flattening) as they price in faster policy normalization.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.