JPMorgan's top economist sees 'significant chance' Powell could be out as Fed chairman

Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on Capitol Hill in Washington, June 22, 2021.
Graeme Jennings | Pool | Reuters

JPMorgan's chief U.S. economist says there's a "significant chance" Jerome Powell will not be nominated to a second term as Federal Reserve chairman even though his response to the pandemic has been viewed positively.

More In Pro Insight

CNBC ProThe most widely followed Wall Street investor survey shows big leap in economic fears
watch now
CNBC ProEquities still have further upside despite cost pressures, strategist says
watch now
CNBC ProP&G's Jon Moeller reacts to Q3 earnings, supply chain issues, inflation and more