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>>Trump has limited his candidates for the next Federal Reserve chair to Kevin Warsh and Kevin Hassett.

Trump has limited his candidates for the next Federal Reserve chair to Kevin Warsh and Kevin Hassett.

crypthub

3 days ago

Trump’s Finalists

President Trump has trimmed the Fed‑chair shortlist to two candidates: Kevin Warsh and NEC director Kevin Hassett. He wants a chair who will lower rates and work with the White House, shifting from Fed independence. The nomination is expected well before Jerome Powell’s term ends in 2026.

Market Shifts

Betting markets lifted Warsh’s odds from roughly 12% to over 38% after the announcement. Traders now see him as a credible alternative to Hassett and expect a pro‑cut stance. JPMorgan CEO Jamie Dimon backed Warsh, adding Wall Street weight.

Policy Expectations

Trump insists the U.S. keep the lowest rates among major economies. A Warsh chair would likely speed up cuts, with analysts forecasting several reductions in 2025. His past criticism of high rates aligns with Trump’s aggressive monetary agenda.

Concerns and Criticism

Lawmakers warn politicizing the role could erode Fed independence and raise inflation risks. Trump brushed aside those concerns, making rate cuts a litmus test for his pick. The final choice will shape the pace of easing and market expectations.