|It’s been a
hard days night for the US government
There were yet more big name departures from the White
House this month. Chief economic advisor and Wall Street
exponent Gary Cohn resigned from his post leaving a nervous
atmosphere in the annals of DC and the capital markets. Cohn
stepped down amid fierce opposition to President Trump's new
stance on global trade tariffs.
Newly appointed Federal Reserve chairman Jerome Powell made
his inaugural testimony to Congress, outlining his positive
outlook for the US economy and his intention to raise interest
rates at least four times this year. The markets responded well
to his speech.
Trump also moved to block Broadcom's bid for Qualcomm, an
unprecedented move by the government which usually waits for a
deal to be announced...