Trump Supports Waller, Possibly the Front-Runner for Fed Chair
According to sources, U.S. President Trump on Friday said Kevin Waller has risen to the top of the list of potential candidates for the next Federal Reserve Chair. Although the market previously estimated a 71% chance of Hasset being nominated, it has now decreased to 62%, while Waller's probability stands at 36%. Trump reiterated his belief that interest rates should be lower and pointed out that Waller largely agrees with his monetary policy stance. This move could disrupt the traditional independence of the Federal Reserve.
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Trump Supports Waller, Possibly the Front-Runner for Fed Chair
According to sources, U.S. President Trump on Friday said Kevin Waller has risen to the top of the list of potential candidates for the next Federal Reserve Chair. Although the market previously estimated a 71% chance of Hasset being nominated, it has now decreased to 62%, while Waller's probability stands at 36%. Trump reiterated his belief that interest rates should be lower and pointed out that Waller largely agrees with his monetary policy stance. This move could disrupt the traditional independence of the Federal Reserve.
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