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UBS On-Air: Paul Donovan Daily Audio 'Is a name emerging?'
Published 1 month, 2 weeks ago
Description
US President Trump indicated that a nominee for Chair of the Federal Reserve has been selected (though without giving a name). Senate confirmation is assumed by the markets, as none of the supposed candidates are so radical as to merit independent Senate action. Fed members have been showing increased independence in policy votes, however, which may blunt the impact of the Fed Chair on policy direction.