Brothers, the latest news! Trump has made a statement, the interview for the next Federal Reserve Chairman is underway, and the candidate list has been reduced from four to three, and all three are from Wall Street!
Previously, Trump mentioned that candidates like former Federal Reserve Governor Kevin Warsh and National Economic Council Director Kevin Hassett were quite impressive. At that time, he said he would select from four people, but it quickly got cut down.
The previously high-profile Treasury Secretary Scott Pruitt said he didn't want the job and preferred to stay at the Treasury, so he was eliminated. Looking at it this way, Warsh and Hassett are likely still on this list of three.
To be honest, the current Federal Reserve Chairman Jerome Powell's term doesn't end until May 2026, but Trump has never liked him. He has criticized his interest rate policies several times and even suggested he should step down. This urgency to push for a new chairman clearly indicates an intention to further control the independence of the Federal Reserve.
Who the final candidate will be is directly related to how U.S. monetary policy will unfold next, which is significant. The market is now speculating about the backgrounds and strategies of these three Wall Street candidates, all waiting to see who will take over and lead this central bank that the whole world is watching.