Markets Relieved as Powell Expected to Finish Fed Term
Stability in Fed leadership reassures investors amid earnings season
S&P 500, Nasdaq end with record highs again. Dow jumps, too.
Markets showed signs of relief Friday as expectations solidified that Federal Reserve Chair Jerome Powell will finish his term, despite speculation around his potential replacement.
“Markets still fully expect Powell to finish his term,”
said Tom Essaye, founder and president of Sevens Report Research.
With investor attention split between corporate earnings—highlighted by Intel’s results—and central bank leadership, Powell’s expected continuity is seen as a stabilizing force amid global uncertainty.
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