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President Trump Faces Crucial Decision in Selecting Next Federal Reserve Chair

President Trump Faces Crucial Decision in Selecting Next Federal Reserve Chair

President Donald Trump is approaching a significant decision regarding the appointment of the next chairman of the Federal Reserve. The current chairman, Jerome Powell, who was initially appointed by Trump and later renominated by President Joe Biden, will see his term end on May 15. Trump has expressed regret over his previous choice and is considering either former Fed Governor Kevin Warsh or National Economic Council Director Kevin Hassett as potential successors. The Federal Reserve, an independent agency, plays a critical role in setting key interest rates that affect lending across the nation. Trump has been vocal about his desire for the Fed chair to consult with the president on interest rate decisions, a stance that challenges the traditional independence of the Fed.
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JPMorgan's Jamie Dimon Supports Kevin Warsh for Federal Reserve Chair

JPMorgan's Jamie Dimon Supports Kevin Warsh for Federal Reserve Chair

Jamie Dimon, CEO of JPMorgan, has expressed support for Kevin Warsh, a former Federal Reserve Governor, as the next chair of the U.S. central bank. This endorsement comes amid President Trump's consideration of Warsh and National Economic Council Director Kevin Hassett for the position. Dimon noted that Hassett might be more inclined to cut interest rates in the short term. The remarks were made during a private conference for asset management CEOs in New York. President Trump has been critical of the current Fed Chair, Jerome Powell, for not implementing more aggressive rate cuts.
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Kevin Hassett Discusses Federal Reserve Independence Amid Trump’s Influence

Kevin Hassett Discusses Federal Reserve Independence Amid Trump’s Influence

Kevin Hassett, a leading candidate for the Federal Reserve chair under President Trump, stated that while he would present Trump's views to the Federal Reserve, the committee could reject them if they chose. In an interview on CBS News' 'Face the Nation,' Hassett emphasized that Trump's opinions on interest rates would not have equal weight with the Fed's interest-rate setting committee. This comes as Trump is reportedly in final interviews to replace the current Fed chair, Jerome Powell. Trump has expressed a desire for the Fed to lower its key rate significantly, a view not widely shared by economists. Historically, U.S. presidents have refrained from commenting on Fed decisions to maintain its independence.
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Kevin Hassett Discusses Federal Reserve Independence Amid Trump Influence

Kevin Hassett Discusses Federal Reserve Independence Amid Trump Influence

Kevin Hassett, a leading candidate for the Federal Reserve chair position under President Trump, has stated that while he would present the president's views to the Federal Reserve officials, they are not obliged to follow them. In an interview on CBS News' 'Face the Nation,' Hassett emphasized that President Trump's opinions on interest rates would not carry weight unless they are data-driven and sound. This statement comes as Trump is reportedly in the final stages of selecting a replacement for the current Fed chair, Jerome Powell. Trump has been vocal about his desire for the Fed to lower interest rates significantly, a stance that has raised concerns about the Fed's independence. Historically, U.S. presidents have refrained from influencing Fed decisions to maintain its political independence, which is considered crucial for effective inflation control.
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Federal Reserve Cuts Interest Rates Amid Inflation Concerns and Market Volatility

Federal Reserve Cuts Interest Rates Amid Inflation Concerns and Market Volatility

Federal Reserve Cuts Interest Rates Amid Inflation Concerns and Market Volatility
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Kevin Hassett Emerges as Frontrunner for Federal Reserve Chair Amid Economic Policy Debates

Kevin Hassett Emerges as Frontrunner for Federal Reserve Chair Amid Economic Policy Debates

Kevin Hassett Emerges as Frontrunner for Federal Reserve Chair Amid Economic Policy Debates
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Kevin Hassett Emerges as Frontrunner for Federal Reserve Chair Amid Trump's Economic Agenda

Kevin Hassett Emerges as Frontrunner for Federal Reserve Chair Amid Trump's Economic Agenda

Kevin Hassett is reportedly the leading candidate to succeed Jerome Powell as the chairman of the Federal Reserve, according to sources close to the nomination process. President Trump is considering Hassett, who is known for his support of Trump's economic policies, particularly the push for lower short-term interest rates. Despite concerns from Wall Street and corporate executives about Hassett's potential impact on financial markets, he remains a favorite due to his alignment with Trump's agenda. The Federal Reserve, designed to be semi-independent, faces scrutiny as the president's choice could influence monetary policy significantly.
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Investors eager for delayed data to shed light on US economy

Investors eager for delayed data to shed light on US economy

By Lewis Krauskopf NEW YORK, Dec 12 (Reuters) - A host of delayed employment, inflation and other data in the coming week will give a long-anticipated view of the U.S. economy that could help guide markets into year-end.
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Federal Reserve Cuts Interest Rates by 0.25%, Chair Powell Highlights Economic Challenges

Federal Reserve Cuts Interest Rates by 0.25%, Chair Powell Highlights Economic Challenges

Federal Reserve Cuts Interest Rates by 0.25%, Chair Powell Highlights Economic Challenges
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Federal Reserve's Interest Rate Cut Sparks Debate Over Inflation Control

Federal Reserve's Interest Rate Cut Sparks Debate Over Inflation Control

Federal Reserve's Interest Rate Cut Sparks Debate Over Inflation Control
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President Trump Considers Candidates for Federal Reserve Chair Amid Economic Concerns

President Trump Considers Candidates for Federal Reserve Chair Amid Economic Concerns

President Donald Trump is preparing to select a new chairman for the Federal Reserve, a decision that carries significant implications for U.S. monetary policy. Trump has expressed dissatisfaction with his previous choice, Jerome Powell, whose term ends in May 2026. Trump is considering candidates such as former Fed Governor Kevin Warsh and National Economic Council Director Kevin Hassett, both of whom align with his preference for lower interest rates. The Federal Reserve, an independent agency, plays a crucial role in setting interest rates that affect lending across the nation. Trump's decision is anticipated to influence the direction of U.S. economic policy, particularly in terms of interest rate adjustments.
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President Trump Signals Kevin Warsh as Top Contender for Federal Reserve Chair, Impacting Prediction Markets

President Trump Signals Kevin Warsh as Top Contender for Federal Reserve Chair, Impacting Prediction Markets

President Trump has indicated that Kevin Warsh, a former governor of the U.S. Federal Reserve, is now a leading candidate to become the next chair of the Federal Reserve. This announcement has caused a significant shift in prediction markets, particularly on Kalshi, where Warsh's odds of being appointed surged from 15% to 40%. This development comes amid ongoing tensions between President Trump and the current Fed Chair, Jerome Powell, over interest rate policies. Trump has consistently advocated for lower interest rates and has expressed a desire for the Fed chair to consult with the president on rate policy. Other candidates for the position include current Governors Christopher Waller and Michelle Bowman, as well as Rick Rieder from BlackRock, though their chances have diminished according to Kalshi.