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UBS On-Air: Paul Donovan Daily Audio 'Political checks and balances'
Published 1 year, 1 month ago
Description
Former US Congressperson Gaetz withdrew from the nomination to be US attorney general. This is not a post with much direct importance to investors (beyond a general belief in the rule of law). However, it might be read as the Senate challenging someone regarded as an unorthodox choice. Investors often prefer orthodoxy, especially for roles at (for instance) the Federal Reserve.