Trump's Fed Chair Pick: Shaping Economy's Future
Update: 2025-12-10
Description
President Trump is nearing his decision for the next Federal Reserve Chair, a role that significantly impacts interest rates, inflation, and the central banks independence. The current chair, Jerome Powell, will step down in May 2026, and Trump hints at having a strong preference for his successor. The new chair will lead the Federal Open Market Committee, influencing borrowing costs across the economy. Markets are closely watching Trumps choice, as it could affect policy directions like interest rate cuts or inflation fighting. Potential candidates include White House economic adviser Kevin Hassett and other officials and financial market figures.
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