Wall Street eyes four more years for Powell at Fed

Published by
Reuters

By Noel Randewich (Reuters) – Federal Reserve Chairman Jerome Powell remains favored for renomination by the White House, and if recent history repeats itself a decision may come at any time before the central bank meets again in early November. Wall Street expects Powell, who was nominated for the role by President Donald Trump in 2017 and confirmed by the Senate, to be renominated by President Joe Biden for another four-year stint. “I think the market would like that because it is continuity and they have become comfortable with him, he’s a known quantity,” said Keith Lerner, Co-Chief Invest…

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