President Trump Expected to Nominate Kevin Hassett as Fed Chair Despite Survey Preferences
A CNBC Fed Survey indicates that while 84% of respondents believe President Trump will nominate Kevin Hassett, director of the National Economic Council, as the next Federal Reserve chair, only 11% think he should be the choice. The survey reveals a preference for Fed Governor Christopher Waller, favored by 47% of respondents, and Kevin Warsh, preferred by 23%. Concerns about Hassett's potential nomination focus on his commitment to the Fed's dual mandates and independence, with 76% of respondents expecting the next chair to be more dovish than current Fed chief Jerome Powell. The survey also highlights a division over the Fed's rate cut strategy, with 87% expecting a cut but only 45% supporting it. 
