The current Fed Chairman Janet Yellen said that she was ready to leave her post immediately and pass control to Jerome Powell as soon as he takes office. She also announced her intention to leave the Fed despite the fact that she can remain on the Board of Management until 2024. This situation allows President Donald Trump to change the Reserve Bank, as more than half of the seats will become vacant. In addition, the head of the National Economic Council Gary Kohn said that the candidacy of the Vice-President will also be announced before the end of this year.
The situation with the parliamentary coalition in Germany continues to adversely affect the course of the single currency. Recall that Angela Merkel said that she was unable to form a new majority in the Parliament and in connection with the work of the parliament, cannot continue as a minority. The Chancellor seems ready to go for a re-election. This situation is a destabilizing factor in the Eurozone. On news data, the single currency continues to decline for a second day against major currencies.
