Rafael Nam
๐ค SpeakerAppearances Over Time
Podcast Appearances
Then he saw the high ticket prices and how much hotels and flights would cost.
Some fans overseas also say they are against some of the Trump administration policies and will not come as a result.
FIFA and the White House say the World Cup will be a big success.
But the hotel industry is saying bookings so far in the U.S.
are not as high as they had expected.
And that's raising concerns with only weeks to go before the tournament.
Powell's term as chair is due to expire in May, but he has said he wouldn't step down until a criminal investigation by the Department of Justice into renovations being done at the Fed was dropped.
Powell had blasted the probe as being intended to pressure the central bank into lowering interest rates.
The DOJ, though, dropped that investigation on Friday, paving the way for the confirmation of Kevin Walsh, who has been nominated by President Trump to succeed Powell.
That makes it likely Powell will step down as chair.
The question, though, is whether he stays on the Fed's board.
Powell doesn't have to announce his decision this week, but a lot of eyes will definitely be on him.
crude futures and Brent, the global benchmark for oil, fell sharply while all three major stock indexes rallied.
But this has been an unpredictable conflict.
For investors, the critical aspect will be whether ships finally start sailing through the Strait of Hormuz.
But even if the strait is reopened and a long-term ceasefire is achieved, investors are mindful that it will take some time for the global energy market to recover.