LONDON, Nov 16 (Reuters) - The election of Donald Trump asthe next U.S. president could signal a period of heightenedpressure on the Federal Reserve to ease its accommodativestance, Barclays Chief Executive Jes Staley told abanking conference in London on Wednesday.
"You'll see political pressure on the Fed to be much lessaccommodative...influence on the Fed is going to be asignificant consequence of the election," Staley said at the FTBanking Summit.
Staley also said that John Taylor, the influential StanfordUniversity economics professor whose 'Taylor rule' describes howbanks should raise interest rates in response to inflation,could become the next chairman of the Federal Reserve.
"There's a very tight group within the Republican Party thatbelieves quantitative easing has run its course," Staley said.
Staley said he did not foresee big rollbacks on bankingregulation, following speculation that President-elect Trumpcould reverse parts of the Dodd-Frank legislation governing thesplit of banks' commercial and investment banking activities.
(Reporting by Lawrence White and Anjuli Davies; editing byJason Neely)