'The Stock Market is Still Fine' After Fed Announcements
Billionaire investor David Tepper said that 'the stock market is still fine' after Fed announcements.
Billionaire investor David Tepper said that 'the stock market is still fine' after Fed announcements.
Since the Federal Reserve announced its plans to taper its massive bond purchases, yields have been unusually calm.
Last week, the head of the US Federal Reserve had the sensitive task of announcing the central bank is rolling back its bond-purchasing program.
Uncertainty looms that Powell -- long thought to be heading for reappointment -- will win another four years when his current term ends in February.
The White House has raised the possibility with some Senate Banking Committee members that Powell might not be reappointed.
Biden got two badly needed breaks this week. One: October jobs report revealed hiring revival; Two: Democrats passed $1.2 trillion infrastructure bill
Fed officials last week left rates near zero and announced they would begin scaling back their massive asset-purchase program later this month.