Business
Here’s how markets might react if Biden picks Lael Brainard as Fed chair – The Sydney Morning Herald
Markets are betting that if Lael Brainard becomes the next Fed chair the initial reaction could see short-term interest rates…
A decision by US President Joe Biden to nominate Lael Brainard as Federal Reserve chair instead of Jerome Powell could provide a narrow window of opportunity for traders in rates and foreign-exchange markets even if the shock wears off relatively quickly.
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