COINOTAG News reports that President Donald Trump stated, “I know who I am going to choose as the Fed Chair, and I will announce it soon.” The comment signals looming policy uncertainty and a potential reshaping of U.S. monetary leadership, as markets weigh the implications of a leadership transition from Powell.
Earlier, Kevin Hassett, director of the White House National Economic Council, praised the market’s constructive reaction to the possibility of a Trump nomination for the next Fed Chair before year-end. Known as a seasoned policy adviser, Hassett is widely viewed as the strongest candidate for the post.
During CBS’s “Face the Nation” last Sunday, Hassett declined to comment on whether he is the frontrunner to replace Powell, but he told viewers that Bloomberg’s coverage should be treated as “rumors.” Previous reporting had already positioned him as the leading contender.
Source: https://en.coinotag.com/breakingnews/trump-to-nominate-next-fed-chair-as-hassett-emerges-as-front-runner-amid-positive-market-reaction
