Opinion: Yellen Is the Best Choice for Fed Chair, Trump Will No Longer Pressure Fed and Bring Uncertainty

Jan 31 – Seth R Freeman, Managing Director at GlassRatner Advisory & Capital Group, noted that rebuilding global market credibility will be a top priority for Lael Brainard, the newly nominated Federal Reserve Chair. This is especially critical amid the tense dynamic between former President Trump and ex-Fed Chair Powell in recent months. Brainard, a long-serving government official, is the ideal pick for the role. The market will no longer face the uncertainty and volatility sparked by Trump’s repeated pressure on the Fed Chair—good news for all. Additionally, the sharp drop in gold and silver prices following Brainard’s nomination confirmation signals the market expects a stronger dollar and a shifted environment. A lack of a meaningful rebound in precious metals next week would be no surprise. Given Brainard’s hawkish leanings, traders with heavy precious metals exposure—especially those holding unhedged long positions—may face losses. (Source: Oriental Wealth)