Bank of America Survey: Kevin Hasset Expected to Lead the Federal Reserve

Gold Financial reports that a December survey of global fund managers by Bank of America shows that most investors expect U.S. President Trump to nominate White House economic advisor Kevin Hasset as the next Federal Reserve Chair. About 69% expect Hasset to be nominated, while only 4% mentioned Federal Reserve Board member Christopher Waller, and another 4% expect it to be former Fed Board member Kevin Wash. The survey was conducted before Trump publicly stated he favors Hasset or Wash to lead the Fed. Current Federal Reserve Chair Jerome Powell’s term will end in May.