Scott Pike, Senior Portfolio Manager at Income Research + Management, shared his thoughts on the upcoming Federal Reserve Chair nomination and what the outcomes could mean for investors with CNN Business. Scott suggested that Jerome Powell is likely to be renominated, and is the current frontrunner, despite pushback form Biden’s own party. Scott also noted that regardless of which Fed chief candidates ultimately secures the nomination, tapering of central bank bond purchases will continue and rate hikes will eventually follow.
CNN Business – Joe Biden’s Fed conundrum: Stick with Jerome Powell or let him go?
October 21, 2021
Original article by Paul La Monica