Report: Federal Reserve meeting may pale in comparison due to imminent nomination of new chairman.

Louis Navellier of Navellier & Associates stated in a report that this week's Federal Reserve meeting may soon be overshadowed, as President Trump is expected to nominate his choice for the new Federal Reserve Chairman in the coming weeks. Since the new Federal Reserve Chairman will need to be confirmed by the Senate, Navellier anticipates a significant debate on inflation at that time. He said, "With falling rents and housing prices, as well as low oil prices, a serious risk of deflation is brewing, which will require the Federal Reserve to significantly lower key interest rates by at least 1%."