Is Trump Ready to Name a New Fed Chairman?
United States President Donald Trump will reportedly begin the final round of interviews for candidates for Federal Reserve (Fed) Chair in the next few days. This news comes from a Wall Street Journal report citing senior government officials. This means the process for selecting a replacement for the current Fed Chair has entered its final stages, and a decision could be made at any time.
In this final round, one of the names Trump will interview directly is former Fed Governor Kevin Warsh. The interview is scheduled for Wednesday. Warsh is considered a strong candidate due to his experience at the US central bank and his deep understanding of monetary policy mechanisms.
In addition to Warsh, other candidates are also lined up to meet with Trump. Among them is Kevin Hassett, a White House economic adviser who currently serves as a key figure on the president's economic team. Their meeting with Trump is expected to take place soon as part of the final selection process.
The selection of the new Fed Chair is crucial because it will determine the future direction of interest rate policy and US financial stability. Global financial markets are typically highly sensitive to who leads the Fed, as their every comment and decision can shake the dollar, bonds, stocks, even gold and other currency prices.
For investors and market participants, the news that Trump has entered the final interview stage means the period of uncertainty may not be too long. However, until the official name is announced, speculation about who will be chosen—Warsh, Hassett, or someone else—will continue to influence market sentiment and be a major topic of discussion among financial participants worldwide. (asd)
Source: Newsmaker.id
