By Eric Peters, CIO of One River Asset Management
“I don’t have a stance on that,” answered Jay Powell, the reporter asking whether he’d seek a third term. “It’s not something I’m focused on,” continued the Chairman. “This year is going to be a highly consequential year for the Fed and for monetary policy, and we’re all of us very buckled down, focused on doing our jobs.”
Welcome to the intersection of policy and politics in an American election year. “I think he’s going to do something to probably help the Democrats,” Trump told Fox, according to excerpts of an interview to be aired today (Sunday).
