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David Zervos, the Chief Market Strategist at Jefferies, has garnered significant attention as a potential candidate for the role of Federal Reserve Chair, amid increasing activity on prediction markets. 

This morning he placed his flag firmly in the ground as a front-runner and most assuredly got President Trump’s attention when he said during a CNBC interview that it’s inaccurate to describe the US central bank as independent, and moreover, ‘Wall Street Jesus’ (as he has been called given his hirsute characteristics) described the outgoing Fed chief as aligned with the political left.

“The Fed has never been independent, and the political pressures on the Fed have always been growing and continue to grow,” Zervos said on CNBC.

He then went further:

“I think he’s actually quite a bit dependent,” Zervos said of Powell.

“He’s operating politically from the left. Or, let’s put it this way, from the anti-Trump side.”

He highlighted pressure from Democratic lawmakers

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