Original article by Lynne Funk, Gary Siegel
Jake Remley, senior portfolio manager at Income Research + Management, shared his thoughts on the potential reappointment of Jerome Powell as Federal Reserve chairman with Bond Buyer. Jake believes that Powell is likely to be renamed the head of the U.S. central bank, given that long-term inflation remains low despite the Fed’s current balance sheet and Powell’s on $4 trillion worth of stimulus. Jake also noted that any other nominee would introduce uncertainty into the economy and markets.
