The re-election of President Obama means a greater likelihood of continuity in U.S. Federal Reserve monetary policy, including a continuation of the bond-buying program known as quantitative easing, said Anne-Laure Tremblay, precious-metals strategist at BNP Paribas.
"Tom is a great choice to provide continuity of strong professional leadership of the MTA in the face of daunting fiscal challenges and with a major capital program under way, " she said.