President Trump’s decision on the next Fed Chair is thought to draw near, and the betting markets are very fluid. PredictIt has Powell as the most likely nominee, with a little more a one-in-three chance. A week ago, his chances were even-money. The new new thing is that Taylor. His odds improved to improved to one-in-five from one-in-ten yesterday, but have eased back to about one-in-six It is pretty much a dead heat between Taylor and Warsh, with Yellen in second with a one-in-five chance.
Central bankers are more broadly in the news today. Here is a re-cap of the developments and some of the implications for investors.