26.0% chaos · simmering
money panic
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Instead of Lower for Longer It's Powell for Longer, PGIM's Greg Peters
What happened
Federal Reserve Chair Jerome Powell said he plans to stay at the central England 'ready to act' as it warns Iran war 'shock' will push up inflati">bank until a Justice Department investigation into him and the central bank is complete. “I have no intention of leaving the board until the investigation is well and truly over, with transparency and finality,” Powell said Wednesday at a press conference. The comments marked the first time Powell has given any public indication about how the DOJ probe might affect his plans to remain at the Fed. Greg Peters, Co-Chief Inves
Why people care
Reported by Bloomberg.
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