Bloomberg: U.S. Stock Futures Gain After Mnuchin Reiterates Fed Autonomy

Ernie Cecilia, Chief Investment Officer at Bryn Mawr Trust, spoke with Bloomberg about Bryn Mawr Trust’s outlook on the markets after Treasury Secretary Steven Mnuchin dismissed rumors that Federal Reserve Chairman Jerome Powell would be removed from his position. While this news boosted U.S. futures in the short-term, Ernie explained that the markets are indicating a high possibility of a Fed policy error.

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