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Bank stocks jump as Biden keeps Powell, but decision on top Fed bank cop looms

Bank stocks jump as Biden keeps Powell, but decision on top Fed bank cop looms

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U.S. bank stocks rose on Monday after President Joe Biden nominated Jerome Powell for a second term as Federal Reserve chairman and picked Lael Brainard for the No. 2 spot. But the White House for now has left open the critical vacancy on the Fed oversight of banks.

...read full article on Market Watch

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