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Bank of America Survey Shows Kevin Hassett Likely to Lead Federal Reserve

Summary: According to a report from FXStreet, a Bank of America survey of global fund managers in December indicated that most investors expect President Trump to nominate White House economic advisor Kevin Hassett as the next Federal Reserve chairman. Approximately 69% of respondents expect Hassett to be nominated, while only 4% mentioned Fed Governor Waller, and ...

According to a report from FXStreet, a Bank of America survey of global fund managers in December indicated that most investors expect President Trump to nominate White House economic advisor Kevin Hassett as the next Federal Reserve chairman. Approximately 69% of respondents expect Hassett to be nominated, while only 4% mentioned Fed Governor Waller, and another 4% expect former Fed Governor Kevin Warsh to be nominated. This survey was conducted before Trump told The Wall Street Journal that he was leaning towards nominating Hassett or Warsh to lead the Federal Reserve. Current Fed Chairman Powell's term will end in May next year.

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