President-elect Donald Trump's flurry of announcements regarding Cabinet nominees has left investors with one unexpected headache: a suddenly cloudy picture of who will take the all-important position of Treasury secretary. Wall Street had been anticipating that Trump likely would hand the job to Scott Bessent, founder of Key Square Group and leader of a core group of candidates that includes Sen.
That, in turn, could cause the Fed to take a more cautious approach to anticipated rate reductions, setting up a potential clash with Trump. One somewhat new name to emerge into the Treasury conversation is former Fed governor Kevin Warsh. Speculation had been that Warsh would be a potential successor to Fed Chair Jerome Powell when the latter's term expires in 2026. However, the Wall Street Journal reported Sunday that Warsh also has emerged as potential Treasury contender.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: nypost - 🏆 91. / 67 Lire la suite »