Sell America Trade Could Gain Momentum If Fed Uncertainty Unresolved -- Market Talk

Dow Jones06:54
 

2250 GMT [Dow Jones]--The uncertainty around the future of the Federal Reserve's leadership risks igniting the sell America trade, says Joe Capurso, head of global macroeconomics at CBA. With Kevin Warsh yet to be confirmed as the new Fed chair, the focus is on Republican Senator Thom Tillis who opposes the confirmation and will continue to do so until the Justice Department drops its investigation into current chair Powell. Everything will come to a head on May 15 when Powell's term ends, says Capurso. The uncertainty for markets could weigh heavily on the US dollar.(james.glynn@wsj.com; X @JamesGlynnWSJ)

 

(END) Dow Jones Newswires

April 21, 2026 18:54 ET (22:54 GMT)

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