Federal Reserve news

US President Trump says like keeping NEC Director Hassett where he is; down to two or three for Fed Chair; probably down to one in my mind

Newsquawk Staff ·

  • Wants a Fed chief like Greenspan in the 1990s.
  • Treasury Secretary Bessent wants to stay where he is.
  • Will see how it all works out about Chair Powell staying at Fed after his term as Chair ends.
  • Reider and Warsh all good for the next Fed chair.

What it means

President Trump's comments on the Fed chair selection indicate a focus on maintaining a pro-growth stance, similar to Greenspan's era, which may imply a preference for a dovish monetary policy ahead. The mention of potential candidates signals that the market could be weighing the implications of who ultimately leads the Fed, influencing expectations around interest rates and growth dynamics. Watch for market reactions tied to perceptions of future monetary policy as this unfolds.

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