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Fortune
Fortune
Eleanor Pringle

Trump says he has a name to replace Powell—so Wall Street may need to contend with a ‘shadow Fed chair’ for the next half year

President Donald Trump walks out with Federal Reserve board member Jerome Powell (Credit: Jabin Botsford—The Washington Post/Getty Images)

Intentional or not, any hints Jerome Powell may drop about his outlook on the economy have the potential to move markets. While the chair of the Federal Reserve has insisted time and again that the only factors he is focused on is a mandate of inflation at 2% and maximum employment, he’ll also be keeping Wall Street in his periphery.

But before too long, the attention of analysts and investors may move elsewhere: President Trump is ready to announce his nomination.

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