Bank of America: 26% of respondents believe Bostic will be the next Fed Chair
According to a report by Jinse Finance, the July global fund manager survey by Bank of America shows that U.S. Treasury Secretary Janet Yellen is the frontrunner to succeed Federal Reserve Chair Jerome Powell. President Trump is expected to nominate a new Fed chair in the second half of 2025, while Powell’s term will end in May 2026. The survey indicates that 26% of respondents believe Yellen will become the next Fed chair, followed by 17% supporting Walsh, 14% supporting Waller, and 7% expecting Hassett to be chosen.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jefferies raises Tesla's target price to $400
Goldman Sachs (GS.US) stock plunges 22% into bear market, financial report becomes the key to a breakthrough
Goldman Sachs' market value evaporated by several billions, with its share price down more than 22% from the year's high. Despite Q3 revenue exceeding expectations, a 41% drop in M&A activity and a slowdown in IPOs have dampened market sentiment. Analysts project a 12% revenue increase in Q4, but technical indicators suggest there is further downside risk to $783. Rumors about management transitions have also drawn attention.
Delivery soared by 85% but failed to prevent the death cross; Rivian (RIVN.US) dilution risk sparks panic
Despite the R2 model driving an 85% year-on-year increase in deliveries, Rivian's stock price continues to decline due to technical death cross, high short interest, and risks of equity dilution, facing a severe market test.
Crypto prices
More
