Stock Market Loves the 'Don't Rock the Boat' Powell Renomination
- A ‘don’t rock the boat’ renomination, says Schwab’s Jones
- Brainard elevation may mean more bank scrutiny: Samana
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In a market that has soared past a pandemic and delivered stock returns pushing 20% a year, continuity is everything to the equity set.
Traders, strategists and money managers were virtually unanimous in welcoming four more years for Jerome Powell, selected Monday for another term as chair of the Federal Reserve.