Fed leadership drama: Trump wants to use Bensant, but will accept Hassett.

Odaily News As Powell's four-year term is set to end in May next year—only six months away—the search for the next Fed chair has fully commenced, with five candidates currently vying for what could be the most important position in the U.S. economy. Powell has endured months of relentless attacks from Trump. Trump has consistently called for a drop in the interest rate and attempted to reshape the Fed into a subservient institution. This week, Trump reiterated his desire to remove Powell, stating he “would love to fire him.” The next Fed chair may need to arm themselves to resist Trump’s scorched-earth tactics—unless that person is Hassett. Hassett has already hinted that he would support Trump’s desire for substantial rate cuts. (Jin10)