Trump Confident in Fed Nominee Warsh's Economic Potential
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy IBM?
Source: Benzinga
- Growth Expectations: Trump expressed confidence that if Kevin Warsh performs well as Fed Chair, the U.S. economy could grow over 15%, a forecast that significantly exceeds market expectations and reflects high trust in Warsh's capabilities.
- Confirmation Delay Risks: Trump noted that Warsh's Senate confirmation might be stalled by Republican Senator Thom Tillis, which could impact Fed policy direction and increase market uncertainty regarding future economic strategies.
- Reflection on Past Decisions: Trump acknowledged that his 2017 decision to overlook Warsh for the Fed Chair was a 'big mistake,' which may influence his future nomination strategies and affect market confidence in the administration's economic leadership.
- Economic Growth Data: The U.S. GDP grew at an annualized rate of 4.3% in Q3 2023, surpassing the expected 3.3%, indicating a strong economic recovery that could bolster support for Warsh's nomination amidst ongoing discussions about Fed leadership.
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Analyst Views on IBM
Wall Street analysts forecast IBM stock price to rise
16 Analyst Rating
11 Buy
4 Hold
1 Sell
Moderate Buy
Current: 259.520
Low
210.00
Averages
315.80
High
375.00
Current: 259.520
Low
210.00
Averages
315.80
High
375.00
About IBM
International Business Machines Corporation is a provider of global hybrid cloud and artificial intelligence (AI) and consulting expertise. The Company’s segments include Software, Consulting, Infrastructure and Financing. The Software segment includes hybrid cloud and AI platforms, which allow clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment focuses on integrating skills on strategy, experience, technology and operations by domain and industry. The Infrastructure segment is focused on the hybrid cloud infrastructure market, providing on-premises and cloud-based server and storage solutions. In addition, it offers a portfolio of life-cycle services for hybrid cloud infrastructure deployment. The Financing segment provides client and commercial financing, facilitating its clients’ acquisition of hardware, software and services. It helps clients in more than 175 countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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