Maybe Lou Dobbs changed his mind, or maybe Trump held another straw poll, or maybe he just woke up on the “Powell side” of the bed this morning, but according to sources who spoke to Bloomberg, Jerome is going to get the job:
- TRUMP IS SAID TO LEAN TOWARD POWELL AS NEXT FED CHAIR
- TWO PEOPLE FAMILIAR W/TRUMP FED DISCUSSIONS SPEAK TO BLOOMBERG
Predictably, that pushed yields and the dollar lower immediately as the market is now going to try and price out Taylor and whatever “hawkishness” would presumably come with him and his rule:
Of course sources also told Bloomberg that “the decision isn’t yet final” and that “Trump could change his mind at any time.”
Yes, thank you, we know.