Replies to post #168621 on Amarin Corp Plc (AMRN)

[Whalatane]

That talk of firing Powell had the futures down about 500 pts .
Sec Mnuchin has now tweeted out that Trump will not oust Powell ...and has called the Ceo's of the major US banks to ensure they are functioning properly ( this on a Sunday ! )...bringing futures to down only 8 pts as I type this

Markets want an independent Fed ... hopefully Powell will walk back his "2 rate increases next yr "...to a more moderate wait and see approach .
JMO

Kiwi

[sts66]

Firing Powell would accomplish nothing - he doesn't make rate decisions in a vacuum, the entire committee votes. What he's been doing is rattling the markets with poorly worded guidance. Shutdown is likely to last until Jan 3 at the earliest - that's when Dems take control of the House. Shouldn't have any affect on AMRN since sNDA isn't expected to be filed until late Jan or sometime in Feb - and if FDA still isn't funded by then we'll have a lot more to worry about than V gaining R-IT approval.