Interbank market news scan as of 4:03 pm AST: Federal Reserve, foreign exchange,

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The Federal Reserve Board on Thursday announced the approval of the reappointment of 12 Federal Reserve Bank presidents and 11 first vice presidents, as previously made by their respective boards of directors.1 Each individual has been approved to serve a new five-year term beginning March 1, 2021. Federal Reserve Board – Federal Reserve Board approves reappointment of Reserve Bank presidents and first vice presidents

The Federal Reserve Bank of New York today announced the reappointment of John C. Williams as president of the Bank. Eligible members of the New York Fed’s board of directors voted unanimously to reappoint Mr. Williams, and the Board of Governors of the Federal Reserve System approved that decision. Mr. Williams’ new five-year term begins March 1, 2021. John C. Williams Reappointed President of New York Fed – FEDERAL RESERVE BANK of NEW YORK

The Senate Finance Committee, chaired by Sen. Chuck Grassley (R-Iowa), today unanimously reported for consideration to the full Senate the nomination of Dr. Janet Yellen to the secretary of the Treasury. Chairman’s News | Newsroom | The United States Senate Committee on Finance

The Senate Committee on Commerce, Science, and Transportation will hold a hearing on Tuesday, January 26, 2021 to consider the presidential nomination of Gina Raimondo to be Secretary of the United States Department of Commerce. Nomination Hearing – U.S. Senate Committee on Commerce, Science, & Transportatio…

Janet Yellen is Jo Biden’s Treasury Secretary nominee. She claims to support “market forces” as the driver for the US dollar. What does that really mean in a practical sense? Competitive Currency Debasement 101 Class is in Session (thestreet.com)

Returning business and consumption back to normal clearly hinges on lifting lockdowns quickly. But that may also allow governments to roll back extensive supports earlier too – possibly complicating the picture for stock and bond markets, which have already largely priced recovery on the back of a flood of public rescue money used to bridge gaps in activity. Column: Vaccine races and currency wars | Reuters

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