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Pros And Cons Of Fed Chairs

Pros And Cons Of Fed Chairs

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Today president Trump announced that the new federal reserve chair to replace Janet Yellen as Jerome Powell. This choice of the new federal reserve chair is seen by many as a safe choice, as he has consistently held similar ideology regarding interest rate hikes to Janet Yellen, the current fed chair. As a result, there is little to no expected change in economic policy, which has been overall favorable to investors and Wall Street. In addition, he is regarded as more friendly towards deregulation, a key point in Trump’s agenda which also ultimately omitted Janet Yellen from being reappointed. By not giving the incumbent fed chair another term, Donald Trump has broken the precedent, in which the past fed chair would be reappointed for at least

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