The Biden administration is ‘waiting too long’ on the Fed chair nomination: Analyst

Yahoo Finance published this video item, entitled “The Biden administration is ‘waiting too long’ on the Fed chair nomination: Analyst” – below is their description.

BlackRock Global Fixed Income CIO Rick Rieder breaks down the Biden administration’s delay in naming a Fed chair nominee, as well as looking at inflation and which big name stocks are hitting intraday highs.

Yahoo Finance YouTube Channel

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In This Story: BlackRock

BlackRock, Inc. (NYSE: BLK) is an American global investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world’s largest asset manager, with $7.4 trillion in assets under management as of end-Q4 2019.

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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