Succession issue of Yellen as chair
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Now, the theme this time isYellen's successor.
President Trump says he will announce a successor to Chair Yellen within the next three weeks.
The leading candidates are as follows.
＜Gary Cohn＞
☆ From Goldman Sachs Group
☆ Current Chairman of the House Economic Committee
☆ 56 years old
＜Jerome Powell＞
☆ Current Federal Reserve Board member
☆ Republican
☆ 64 years old
＜Kevin Warsh＞
☆ 47 years old and relatively young
☆ From Morgan Stanley
All of the above are considered strong candidates, but there is also a possibility that Chair Yellen will continue to serve.
It is hard to imagine U.S. monetary policy changing drastically, but it is a matter to stay alert to.
Note) The above is my personal view, and is also intended solely to improve financial literacy. Therefore, it is not created for investment solicitation. Please make the final investment decisions at your own responsibility.
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