Trump to Announce New Fed Chair, Warsh Leads Candidates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: stocktwits
- Candidate Selection Nearing: Trump indicated that the new Fed chair candidate has been narrowed down to one, with an announcement expected after the Davos meeting, reflecting a focus on market stability.
- Intense Competition: Former Fed official Warsh and NEC Director Hassett are seen as the main contenders, with Trump stressing that the new chair must cut interest rates immediately, influencing future monetary policy direction.
- Positive Market Reaction: U.S. equities rose following Trump's remarks, with the SPDR S&P 500 ETF (SPY) up 0.2% in extended trading, reflecting investor optimism regarding the new chair selection.
- Quick Confirmation Anticipated: Treasury Secretary Bessent expects that the candidate nominated by Trump will be confirmed swiftly, indicating market confidence in the new leadership and expectations for Fed policy.
Analyst Views on DIA
Wall Street analysts forecast DIA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DIA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 490.800
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Current: 490.800
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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.
