Fed Chair Pick in Trump's Crosshairs

Trump decided Fed chair pick, Bessent vetting five finalists, possible announcement by Dec 25.
Trump criticized Powell's rate cuts, White House prioritizes merit and Trump's agenda.
Kevin Hassett accepted role, markets saw Treasury yield drop below 4%.
FOMC meeting on Dec 9, Senate confirmation in early 2026, Fed term starts Feb 1, 2026.
Split Fed views could reshape policy, Powell's term ends in May 2026, creating vacancy.
1 month ago
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