Jerome Powell is a heavy favorite on Wall Street to be renominated as Fed chair

The CNBC Fed Survey for April finds 76% of respondents believe President Biden will choose Powell again.

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Read alsoPhilippine President Duterte's China pivot hasn't reduced tensions in the South China Sea

Read alsoWant to sound more intelligent? Avoid these 15 words and phrases that are 'embarrassingly outdated,' say grammar experts

Read alsoHow we work from home needs to change in the new year, author argues

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