There are new developments in the selection process for the next Federal Reserve Chair. According to reports, Trump has publicly narrowed down the candidates to two heavyweights: Hasset and Wosh.

From the market reaction, Hasset’s chances were previously viewed favorably, but this candidate’s close ties with Trump have raised questions during congressional review. Media reports later confirmed these concerns.

Interestingly, Hasset’s recent remarks have shown a noticeable shift in tone. He has begun to tone down his previous dovish stance, emphasizing his independence, and has actively promoted Waller and Wosh. This move seems aimed at avoiding public opinion risks and clearing potential resistance within the party and Congress for his appointment.

From a broader perspective, this entire process is both Trump stabilizing market expectations and a strategic play to pave the way for Hasset’s appointment.