Markets climb a wall of concern, and the renomination of Jerome Powell as Federal Reserve chairman takes away one necessary uncertainty.

It used to be imaginable that President Joe Biden would pick out Lael Brainard, who used to be nominated as Mr. Powell’s deputy as an alternative, and her approval procedure may have hit bother within the Senate. By means of leaving Chairman Powell in charge that concern used to be got rid of, which means coverage remains on its earlier, exceptionally simple, direction.

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