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…