The Fed chair changes on 15 May. The Senate hasn't confirmed the replacement. The largest oil supply disruption in history is underway. This will not be orderly.
https://gyokuro.dev/en/posts/27-worst-timed-handover/

#fed #warsh #powell #macro #japan

The Worst-Timed Handover in Fed History

Powell leaves on 15 May. Warsh may not be confirmed in time. The Iran war has ensured this transition will be anything but orderly.

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