Powell was the best choice to maintain the USD's current status. I am happy with it and I think it also means the hedgefunds will also be happy because they don't like the unknown. So I think we might see more and more increases in the US equities market with this change.
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That is true they do not like change. Better the devil you know.
Powell is also friendly to wall street as opposed to the Vice Chair. That might not be a good thing overall but it is at least something we know how to deal with.
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