Hassett: Trump’s Views Lack Weight on FOMC
- * Trump's Fed Chair Preference: Donald Trump has indicated he is leaning towards nominating either Kevin Warsh or Kevin Hassett as the next Federal Reserve chair.
Here’s a summary of the key points from the provided text:
* Trump’s Fed Chair Preference: Donald Trump has indicated he is leaning towards nominating either Kevin Warsh or Kevin Hassett as the next Federal Reserve chair. He specifically stated Warsh is currently at the top of his list.
* Shift in Prediction Market Odds: This announcement has considerably impacted the prediction market on Kalshi. Hassett’s probability of nomination has dropped from 80.6% to 50%,while Warsh’s has risen from 11% to 41%.
* Timing: Trump plans to make a nomination in early 2026, as current Fed Chair Powell’s term expires in May of that year.
* Trump’s Focus: Trump reportedly met with warsh and questioned his willingness to support rate cuts.
* Hassett on Presidential Influence: Hassett stated that trump would not have a direct vote on the FOMC (Federal Open Market committee), but his data-driven opinions could be considered by the committee.
* Hassett’s Stance: Hassett generally favors more economic easing and is a strong economic supporter of Trump.