JPMorgan economist says there is a “significant” chance’Powell could be out as president of the Fed

Federal Reserve Chairman Jerome Powell testifies during a hearing of the United States House Oversight and Reform Subcommittee on coronavirus crisis, on Capitol in Washington, June 22, 2021.

Graeme Jennings | Swimming pool | Reuters

JPMorgan’s chief US economist says there is a “significant” chance”Jerome Powell will not be named a second term as president of the Federal Reserve, even if the central bank the boss’s response to the pandemic was viewed positively.

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