Trump Said to Be Leaning Toward Powell for Fed Chair

The transcript discusses the market's reaction to the potential nomination of Powell as Fed chair. It highlights the late-day recovery in stocks and the movement of 10-year yields. The discussion includes the interpretation of hawkish and dovish possibilities in monetary policy, with Powell seen as a more dovish choice. The potential impact on equity and small banks is also considered, with a status quo outcome expected.

How do the stock market trends relate to the news about Powell's potential appointment?

What does the text suggest about the market's reaction to the news of yields falling?

What are the implications of Powell being chosen as Fed chair according to the text?

What are the expectations regarding basis points if Powell is appointed?

How does the text characterize the current market status in relation to Powell's potential appointment?