After months of debate, President Biden chose to take the bipartisan route nominating Jerome Powell to serve a second four-year term as Federal Reserve Chairman.
Season of Spending
The (U.S.) Consumer Keeps Coming Up Roses
The U.S. consumer continues to be the sweetheart of the global economy. Personal consumption represents approximately 70 percent of U.S. GDP and this morning’s University of Michigan Consumer Sentiment Index release suggests the consumer remains both confident and resilient.