One of the burning questions troubling Wall Street this morning, now that stocks have managed to successfully absorb last night's limit down selling and most recently were trading at highs of the day, is whether president elect Donald Trump plans on reshuffling the Fed, eliminating its so-called "independent" and perhaps going so far as firing or "requesting" Janet Yellen's resignation.

According to T. Rowe Price's chief economist, Alan Levenson, Trump's proposals "threaten to undermine global faith in the independence of the Federal Reserve and the geopolitical standing of the United States." Others, such as FBR's Edward Mills went further: "The future of Janet Yellen's chairmanship and the accommodative nature of Fed monetary policy are in doubt." Deutsche Bank strategist George Saravelos had a similar view: "the market will be looking for confirmation that Chair Yellen will not resign. Trump has been particularly critical of her term so policy continuity will be particularly important."

So to answer the question whether or not Yellen's role is in jeopardy, we went to the two most authoritative sources available: the two biggest and most influential US banks: JPMorgan and Goldman Sachs. In a note written on November 7, before Trump's election, JPM's chief economist Michael Feroli asked "If Trump wins would Yellen leave?" and answered: "In a word: no."