Trump picks 'Yellen 2.0' to keep bull market running

Sam Kerr

November 02, 2017 07:15 pm

PA- Powell Trump announcement — (171102) -- WASHINGTON, Nov. 2, 2017 (Xinhua) -- U.S. President Donald Trump (R) and Federal Reserve Governor Jerome Powell attend a nomination ceremony at the rose garden of White House in Washington D.C., the United States, on Nov. 2, 2017. Trump picked Thursday Federal Reserve Governor Jerome Powell as next Federal Reserve chair. (Xinhua/Yin Bogu) | Yin Bogu/Xinhua News Agency/PA Images

Capital markets breathed a sigh of relief on Thursday, as it became clear US president Donald Trump was going to pick Jerome Powell as the next Fed chair — a choice seen as most likely to keep the US equity bull run going, writes Sam Kerr.

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SSA Equity Americas Corporate Bonds Structured Bonds Asia Sovereigns Asia Pacific Securitization ABS United States Emerging Markets North America FIG

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Sam Kerr