Wall Street Eyes Four More Years for Powell at Fed

A screen displays a statement by Federal Reserve Chair Jerome Powell following the Federal Reserve's announcement as a trader works on the trading floor of the New York Stock Exchange (NYSE) in New York City on Sept. 22, 2021. Brendan McDermid/Reuters

Federal Reserve Chairman Jerome Powell remains favored for renomination by the White House, and if recent history repeats itself a decision may come at any time before the central bank meets again in early November.

Wall Street expects Powell, who was nominated for the role by President Donald Trump in 2017 and confirmed by the Senate, to be renominated by President Joe Biden for another four-year stint.