Turning Point for the Federal Reserve: Reshaping the Interest Rate Landscape Amidst Major Personnel Changes
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Golden Ten Data April 28 – This week is destined to be extraordinary for the Federal Reserve. After the U.S. Department of Justice concluded its investigation into Powell, Republican Senator Tillis withdrew his obstruction of the confirmation process for Federal Reserve Chair nominee Walsh last Sunday. The Senate Banking Committee has scheduled a vote to advance Walsh's nomination at 10 p.m. Beijing time on Wednesday, removing obstacles for a full Senate confirmation vote before the week of May 11. Just hours after the advancement vote, the Federal Reserve will announce its interest rate decision for April, and Powell will hold his 63rd—and very likely final—Federal Reserve Chair press conference.
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