On January 9, in an interview with The New York Times, US President Trump said he had decided who to nominate as the next Federal Reserve Chairman, but did not reveal his choice. "I have a decision in my mind," he said, "but I haven't spoken to anyone yet." When asked about his chief economic advisor Hassett, Trump said "I don't want to say," but he called Hassett "definitely one of my favorites."
Regardless of who Trump chooses, the next Federal Reserve Chairman will take over an institution at a critical juncture, at the heart of the president's unprecedented pressure campaign to drastically lower interest rates. According to Kalshi, a market forecasting firm, Kevin Warsh currently has a 41% probability of being elected Fed Chairman, Kevin Hassett 39%, and Christopher Waller 12%. (Jinshi)
