Powell likely next Fed chief, though Yellen best suited - Reuters poll

Eren Sengezer FXStreet

"Jerome Powell likely will be the next Federal Reserve chairman, according to a slim majority of economists in a Reuters poll," Reuters reported on Tuesday.

Key quotes:

Just over half the 40 economists who participated in the survey, taken in the past few days, tipped Fed Governor Powell to be appointed chair by U.S. President Donald Trump.
Most of them said current Fed Chair Janet Yellen would be the best option.
“The most continuity between Fed chairs would be Yellen to Powell. Given where we are in the tightening cycle some consistency would be welcomed by financial markets,” Ryan Sweet at Moody’s Analytics told Reuters.
The next most likely choice was Kevin Warsh, who served as a Fed governor during the financial crisis, with 13 forecasts. Yellen received only four.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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