U.S. continues to lead the world with its domestic GDP growth, and once Kevin Warsh will be confirmed, the U.S. dollar is expected to continue to firm up.
Kevin Warsh during the G-20 Financial Ministers and Central Governors meeting at Paradise Hotel in Busan, South Korea, on June 4, 2010. Chung Sung-Jun/Getty Images
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Commentary
Last week’s Federal Open Market Committee (FOMC) meeting was overshadowed by President Trump’s announcement nominating Kevin Warsh to be the next Chairman of the Fed. Since Senate confirmation is required for this post, I suspect there will be a big debate about inflation. In this context, I’d say Warsh was a great pick, and likely a safe pick to clear confirmation as a well-respected independent thinker.
Louis Navellier is chairman and founder of Navellier & Associates in Reno, Nevada, which manages approximately $1 billion in assets. One of Wall Street’s renowned growth investors, Navellier writes five investment newsletters focused on growth investing. In addition to appearing on Bloomberg, Fox News, and CNBC giving his market outlook and analysis, he has been featured in Barron’s, Forbes, Fortune, Investor’s Business Daily, Money, Smart Money, and The Wall Street Journal.
