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via americanbanker.comEconomy

Democratic Senate win eases Trump's pressure on the Fed

FROM THE WIRE · AMERICANBANKER.COM

Republicans lost control of the U.S. Senate Tuesday night, removing President Donald Trump's ability to appoint a loyalist to the Federal Reserve Board of Governors in his quest to push the central bank to lower interest rates.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralRepublicans losing the Senate limits Trump's ability to appoint a loyalist to the Fed Board.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Republicans lost control of the US Senate on Tuesday night.
  2. 02Trump can no longer appoint a loyalist to the Federal Reserve Board of Governors.
  3. 03Trump had sought to push the central bank to lower interest rates.

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