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Biden Plan Would Cut Taxes for Most, New Analysis Finds

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Reuters

What are investors focused on for the next Fed chair?

NEW YORK (Reuters) -A lack of news over U.S. President Joe Biden’s pick for Federal Reserve chair is introducing unpredictability for investors at a crucial time, as the central bank prepares to taper its asset purchases and start hiking rates. Many investors have been expecting that Fed Chair Jerome Powell, who was nominated for the role by President Donald Trump in 2017, would be renominated for another four-year stint. Biden is still weighing whether to keep Powell as chair or elevate Fed Governor Lael Brainard to the post, an administration official said on Wednesday.

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