Powell's re-election as Federal Reserve chair 'a relief for investors'

Joe Biden's decision widely welcomed

clock • 3 min read
Powell's re-election as Fed chair puts end to uncertainty

Powell's re-election as Fed chair puts end to uncertainty

US president Joe Biden’s decision to re-elect Jerome Powell as chair of the US Federal Reserve – putting to an end to uncertainty and speculation of the Bank’s future – has been welcomed as a “relief” by the investment industry.

Commenting on the market reaction to Powell's nomination for a second term as Fed chair, Olivier Konzeoue, FX sales trader at Saxo Markets, said: "It seems continuity prevailed as President Biden named...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Industry

UCITS and AIF assets grow in Q3

Retail investors show 'confidence' in long-term UCITS funds in Q3

H1 marked by “significant” reallocation, says EFAMA

clock 29 November 2021 • 1 min read
AJ Bell announces new investing app

AJ Bell to launch app-only investment platform

Single all-in annual charge of 0.15%

clock 29 November 2021 • 1 min read
The glamorous night took place at the Brewery in London

Women in Investment Awards 2021: Winners gallery

Celebrating great women

clock 26 November 2021 • 1 min read