🟥 BREAKING: Trump to Announce Federal Reserve Board Nominee This Week
Former President Donald Trump is expected to reveal his pick for the Federal Reserve Board within days, marking a pivotal move that could reshape U.S. monetary policy ahead of the 2026 election cycle.
🗣️ Key Highlights:
Trump has narrowed the shortlist for Fed Chair to four contenders.
He confirmed Scott Bessent is out of the running.
The new Fed governor may also be considered for the top role in the future.
Market watchers say this could shift rate policy expectations sharply.
📉 As of today, traders are still pricing in an 86.5% chance of a Fed rate cut in September, but a new nominee could shake up that outlook.
📊 Market Impact:
U.S. dollar steady
Bond yields inching higher
Risk assets cautious as investors await clarity
This nomination is more than just a formality—it’s a signal of how Trump intends to reshape the Fed for a new economic era.
