Janet Yellen Staying as Fed Chair Would Be Good for Markets: David Rubenstein
Billionaire private equity guru David Rubenstein, co-CEO and co-founder of The Carlyle Group CG said Janet Yellen staying on as Federal Reserve Chair would be good for the markets.
Billionaire private equity guru David Rubenstein, co-CEO and co-founder of The Carlyle Group (CG) said Janet Yellen staying on as Federal Reserve Chair would be good for the markets.
"I think she has done an excellent job," he said.
Yellen's term expires in February 2018. President Trump is expected to make a decision in the coming weeks.
Trump has also reportedly spoken to former Fed Governor Kevin Warsh and current Fed Governor Jerome Powell about the position.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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