Stock market holds steady after Stanley Fischer announces resignation from Fed

U.S. stocks held on to slight gains Wednesday morning following news that Federal Reserve Vice Chairman Stanley Fischer planned to step down from his key role in the U.S. central bank. Fischer, viewed as a centrist on the Fed, is expected to leave for personal reasons as early as next month. His departure potentially leaves two of the most important positions for the Fed in play, with Chairwoman Janet Yellen not expected to extend her term when it ends in coming months. The coming shifts occur as the central bank is attempting to normalize interest-rate policy and unwind a $4.5 trillion......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web http://ift.tt/2xPhwgm
via IFTTT