Economy

Jerome Powell is heavy favorite on Wall Street to be renominated as Fed chair

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US Federal Reserve Chairman Jerome Powell gives a press briefing after the surprise announcement the FED will cut interest rates on March 3, 2020 in Washington, DC.

Eric Baradat | AFP | Getty Images

Federal Reserve Chairman Jerome Powell is a heavy favorite on Wall Street to be renominated for a second term by President Joe Biden even while there are substantial disagreements with the some aspects of Fed policy.

The CNBC Fed Survey for April finds 76% of respondents believe President Joe Biden will choose Powell again. Nominated to be chair by President Donald Trump, Powell began his first four-year term in 2018. It ends in early 2022 and presidents have typically unveiled their choices in…



Source cnbc.com

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