Bank of America Survey: Majority of Investors Expect Yellen to Serve as Next Fed Chair

BlockBeats News, December 16th: In December, Bank of America released a global fund manager survey showing that most investors expect Trump to nominate White House economic advisor Kevin Hassett as the next Federal Reserve chairman. About 69% of respondents expect Hassett to be nominated, while only 4% mentioned Fed Governor Lael Brainard, and another 4% of respondents expect former Fed Governor Kevin Warsh to be nominated. This survey was conducted before Trump told The Wall Street Journal that he was inclined to nominate Hassett or Warsh to lead the Fed, as current Fed Chairman Powell's term will end in May next year. (FX678)