Trump's Fed Nominee Clashes with AI-Driven Economy
Update: 2025-12-21
Description
President Trumps Federal Reserve Chair Nominee: AI Investment Boom Could Block Rate CutsPresident Trump is set to nominate a new Federal Reserve chair soon, with economists predicting a strong GDP growth due to heavy business spending on AI. This could block Trumps plans for aggressive interest rate cuts, as core inflation is expected to stay above the two percent target. Trump is considering candidates like Kevin Hassett, Kevin Warsh, and Christopher Waller, with AI gains potentially offsetting labor tightness from immigration policies. However, tariffs may keep prices elevated. The nomination could spark tension as the Feds independence is at stake.
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