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Trump Narrows Fed Chair Search as Powell’s Term Nears End
Trump Narrows Fed Chair Search as Powell’s Term Nears End
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BTCCSquare news:
The race for the next Federal Reserve chair enters its final phase, with President Donald TRUMP set to interview former Fed governor Kevin Warsh this week. Current frontrunner Kevin Hassett, director of the National Economic Council, has drawn scrutiny for his alignment with Trump’s push for aggressive rate cuts—a stance Jerome Powell resisted.
Markets are bracing for potential volatility. Hassett’s advocacy for a 50-basis-point cut in December contrasts sharply with the Fed’s measured approach, raising concerns about political influence on central bank independence. Warsh remains a contender, but administration officials suggest the decision leans toward Hassett.
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