nomination will be? it s difficult nomination will be? it s difficult to nomination will be? it s difficult to know - nomination will be? it s difficult to know given the amount of time that has elapsed, but the still favoured party of those two isjerome powell, and that is most likely the outcome, but as you said in your earlier comments, there is still a contender in that, and as you think about this, both jerome powell and lael brainard, from a monetary policy point of view are not that different from one another at all, both would be reasonably accommodating of monetary policy, slow to withdraw the stimulus that the federal reserve has put in where i think the difference has come is in the regulatory side, wherejerome powell is seen by most as being more prone financial industry or
less regulatory impositions on the financial industry, especially wall street whereas lael brainard would be less accommodating if you will, for the banking and finance regulatory framework, and that s why you see the progressives pushing lael braina rd progressives pushing lael brainard very strongly to replace to room power, whereas you see wall street and the financial industry favouring jerome powell over lael brainard, so those other factors i in play, it s not clear where the president is going to come out, but i still think most likelyjerome powell. think most likely jerome powell. ~ , think most likely jerome powell. ~ ., ., , powell. markets are already caettin a powell. markets are already getting a little powell. markets are already getting a little bit powell. markets are already getting a little bit nervous l getting a little bit nervous about this, aren t they, because as you say, it is not actually clear what the outcome will be, and president biden will be, and pres