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Stock impact report

Next Fed chair faces ‘no-win' test as White House pushes rate cuts [Yahoo! Finance]

Piper Sandler Companies (PIPR) 
Last piper sandler companies earnings: 5/1 08:04 am Check Earnings Report
Company Research Source: Yahoo! Finance
The winner will be crowned very soon, according to the president. As of Dec. 18, there are three top finalists. All of them say they pledge allegiance to the independence of the central bank which is a major concern for economists and global markets. And there's general agreement among them for a less restrictive monetary policy and lower interest rates which is a major concern of the president. But then again, the Fed chair is only one of 12 votes on the policymaking Federal Open Market Committee (FOMC). The divided FOMC is headed into 2026 with a historic streak of dissents as tensions rose within its dual mandate: a cooling labor market and sticky inflation So the president's stated goal of interest rates at 1% or lower -- currently 3.50% to 3.75% -- could be out of the purview of the new chair who will take over when Jerome Powell 's term ends in May. The president has also made it very clear that he wants the next chair to listen to his views on the economy and the Show less Read more
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