Federal Reserve Board Governor Jerome Powell discusses financial regulation in Washington, U.S., October 3, 2017. REUTERS/Joshua Roberts
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Jerome Powell likely will be the next Federal Reserve chairman, a slim majority of economists in a Reuters poll said – although most of them admitted current Fed Chair Janet Yellen would be the best option. Just over half the 40 economists who participated in the survey, taken in the past few days, tipped Fed Governor Powell to be appointed chair by U.S. President Donald Trump when Yellen's current four-year term ends on Feb 1, 2018 .When asked who would be the best choice, around two-thirds said Trump should allow Yellen to remain in place. Powell was in second place with seven of 37 votes.In July, Trump said he might decide to renominate Yellen for a new four-year term, or turn to Cohn.
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