S&P Spikes Into The Close After Politico Reports Again Powell Is Leading Fed Candidate

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies

Hawkish Fed Chair is bullish
Dovish Fed chair is bullisher
— zerohedge (@zerohedge) October 19, 2017

One week after Politico reported for the second time that Trump, and Treasury Secretary Steven Mnuchin, were leaning toward Fed governor Jerome “Jay” Powell for Fed Chair, Politico’s Ben White and Josh Dawsey decided to triple down, and with minutes left until the close, Politico reported – for the third time in three weeks – that “Powell is the leading candidate to become the chair of the U. S. central bank after President Donald Trump concluded a series of meetings with five finalists Thursday, three administration officials said.”
Repeating what it had said one week ago, and then a week prior (which is fine, algos and millennial traders these days have short memories) the authors repeated that “Trump hasn’t yet made a final decision” and that “Powell, known as Jay, has been heavily favored by Treasury Secretary Steven Mnuchin, who is leading the Fed chair search for Trump.”
As for the other candidates, Politico had this to say:

This post was published at Zero Hedge on Oct 19, 2017.