US Treasury Secretary Bessent says President Trump's Fed chair pick may come in week or so, Yahoo reports
The reports about Treasury Secretary Bessent indicating that President Trump's Federal Reserve chair pick could be announced in the coming week suggest potential shifts in monetary policy expectations.
Fed Chair Powell (Q&A) says quarterly GDP figures can be lumpy, need to look for the year
Fed Chair Powell (Q&A) sees goods inflation peaking in the middle of the year
US Treasury Secretary Bessent says President Trump's Fed chair pick may come in week or so, Yahoo reports
Fed Chair Powell (Q&A) says don’t know the overall impact of AI; may see in the short-term jobs eliminated by AI capabilities
Fed Chair Powell (Q&A) says Fed continuing with making progress towards 2% will help lower-income affordability issues
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This could create volatility across asset classes, especially in fixed income and the forex markets, as traders adjust their bets on rate paths based on the new chair's likely stance. Watch for impacts on the USD and market sentiment as the announcement approaches.
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