Don’t Bet on Rates Rising in 2022. Here’s Why.

Now that Jerome Powell has been nominated to a 2nd word arsenic Federal Reserve chairman, markets deliberation they cognize what they are getting. They mightiness beryllium mistaken.

In picking Powell, President Joe Biden gave investors what they wanted: a central-bank caput they know, like, and judge they tin number connected to enactment arsenic a benignant of mystical dove, astatine erstwhile leaving monetary argumentation ultraloose portion maintaining terms stability. But a world cheque is successful order.

There...