In the News

Title

Why a New Federal Reserve Chairman Won't Crush Stocks in 2018

Document Type

Article

Publication Date

12-27-2017

Abstract

Jerome Powell, President Trump's nominee to succeed Federal Reserve chief Janet Yellen in February 2018, is unlikely to push stock prices higher.

In fact, the central bank is expected to continue its strategy of raising interest rates, which could put a damper on valuations.

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