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Trump "Fed Chair to announce early next year" – Kevin Hassett likely to be NEC Chair
Source: BlockMedia Original Title: Trump “Fed Chair to announce early next year” – Kevin Hassett likely NEC Chairman Original Link: https://www.blockmedia.co.kr/archives/1014027 U.S. President Donald Trump announced that he will reveal the next Federal Reserve chair in early next year. Kevin Hassett, chairman of the White House Council of Economic Advisers, is being considered a strong candidate for the next Fed chair.
President Trump stated at a cabinet meeting held at the White House that he personally chose the new Federal Reserve Chair and that “someone will be announced, probably early next year.” Last month, President Trump mentioned to reporters on his private jet traveling from Florida to Washington D.C. that he already has someone in mind for the next Federal Reserve Chair.
According to the market prediction platform, the probability of Kevin Hassett being nominated as the next Federal Reserve Chairman has reached a record high of 81%. Kevin Hassett is expected to strongly push for interest rate cuts in line with President Trump's intentions.
As interest rate cuts and tax refunds begin, it is expected to act as a positive factor for risk assets.