Speculation about the next Fed Chair is mounting. The current head of the central bank, Janet Yellen, is probably not going to continue, but she is also a candidate. The person will have a huge impact on the US dollar. Here is the assessment from Nomura.
Here is their view, courtesy of eFXnews:
Nomura Research assigns probabilities to the current short list of Fed candidates: Kevin Warsh, Jerome Powell, Janet Yellen, and Gary Cohn:
Warsh:Â 40%
Powell: 20%
Yellen 20%Â
Cohn: 10%
Other:Â 10%Â
â€Â While we expect the White House to formally announce the Fed Chair nominee in the coming weeks, there is some risk a decision could come later in November,†Nomura argues.
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