
Euro Bullish Sentiments Abound as Region Appears Set to Hold Off Recession
More observers are growing bullish on the euro this year despite its relative slump against the US dollar in 2022.
Jerome Hayden “Jay” Powell is the 16th Chair of the Federal Reserve, serving in that office since February 2018.
Jerome Hayden “Jay” Powell is the 16th Chair of the Federal Reserve, serving in that office since February 2018. He was nominated to the Fed Chair position by President Donald Trump, and confirmed by the United States Senate.
Powell earned a degree in politics from Princeton University in 1975 and a Juris Doctor from Georgetown University Law Center in 1979. He moved to investment banking in 1984, and has since worked for several financial institutions. He briefly served as Under Secretary of the Treasury for Domestic Finance under President George H. W. Bush in 1992. More recently, he was a visiting scholar at the Bipartisan Policy Center from 2010 to 2012. He has served as a member of the Federal Reserve Board of Governors since 2012. He is the first Chair of the Federal Reserve since 1987 not to hold a Ph.D. degree in Economics.
Powell has faced substantial and repeated criticism from President Donald Trump after his confirmation.
Federal Reserve
Feb 5th, 1953
American
Chevy Chase, Maryland, United States
Princeton University (BA) - 1972-1975
Georgetown University (JD) - 1979
Federal Reserve - Chair
Federal Reserve Board of Governors - Member
Treasury for Domestic Finance - Under Secretary - 1992–1993
More observers are growing bullish on the euro this year despite its relative slump against the US dollar in 2022.
The 2-year and 10-year Treasury yields increased as investors continue to monitor cues to set the pace for 2023.
The 10-year Treasury yield was up 1 basis point in anticipation of the Fed’s next move regarding inflation.
Tesla CEO Elon Musk was one of those who shared his sentiments on the likelihood of a recession next year.
According to Chair Jerome Powell, the US Fed will likely raise interest rates this month by 50 basis points.