Trump supports Waller, potentially becoming the Fed Chair's top choice
According to sources from HashChain, U.S. President Donald 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 believed that Hasset had about a 71% chance of being nominated, this has now dropped to 62%, while Waller's probability is 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, potentially becoming the Fed Chair's top choice
According to sources from HashChain, U.S. President Donald 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 believed that Hasset had about a 71% chance of being nominated, this has now dropped to 62%, while Waller's probability is 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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