Trump's Fed Chair Search: Hassett, Warsh, and Independence
Update: 2025-12-14
Description
The search for the next Federal Reserve chair intensifies, with Kevin Hassett, a top contender, emphasizing the Feds independence amidst President Trumps influence on interest rates. Hassett acknowledges Trumps views but stresses the committees consensus-building role. Meanwhile, President Trump considers Kevin Warsh for the position, causing a shift in prediction markets. Hassetts probability of nomination drops, while Warshs odds rise. The President plans to nominate a chair in early 2026, giving contenders time to make their case. The Feds early reappointment of regional bank presidents eases concerns of losing independence, as President Trump pushes for rate cuts.
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