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Trump says he has decided on the Federal Reserve Chairman candidate
On January 9th, U.S. President Trump stated in an interview with The New York Times that he has decided who to nominate as the next Federal Reserve Chair but did not reveal the candidate. “I have made a decision,” he said, “but I haven’t talked to anyone yet.” When asked about his chief economic advisor, Hasset, Trump said, “I don’t want to say,” but he described Hasset as “definitely one of the people I like.” Regardless of whom Trump chooses, the incoming Federal Reserve Chair will take over an institution at a critical moment, which is at the center of an unprecedented aggressive pressure campaign initiated by the President to significantly lower interest rates. Prediction market Kalshi shows that Kevin Walsh has a 41% chance of being elected Federal Reserve Chair, Kevin Hasset 39%, and Christopher Waller 12%. (Jin10)