The new head of the Federal Reserve is about to be announced. White House: More information will be announced next week

November 19th 2021, the White House said that more information about the chairman of the Federal Reserve will be announced earlier next week.

Analysts said that at present, the market generally expects Powell, the current chairman of the Federal Reserve, to be nominated again, and if Bernard is appointed as the new chairman of the Federal Reserve, the monetary policy stance of the Federal Reserve will be milder, which means that it will take longer for the Federal Reserve to raise interest rates or tighten monetary policy.