๐ฅ Trumpโs Fed Chair Pick Sparks Market Buzz! ๐ฅ
According to Foresight News, a new report from CITIC Securities reveals that the Trump administration is actively selecting the next Federal Reserve Chair โ with Waller and Hassett emerging as the top contenders.
Analysts describe the decision as a battle between choosing the โmost qualifiedโ or the โmost compliantโ candidate for President Trump.
๐ Market Sentiment:
While odds currently lean toward Hassett, Trumpโs close ties with Besant could sway the final decision, making the outcome less predictable.
CITICโs analysis suggests that if Waller secures the position, the Fedโs independence could come under question โ a scenario that may boost U.S. dollar assets ๐ต but pressure gold prices ๐ช, as markets scale back expectations for rate cuts next year.
However, if Hassett is appointed, markets might show a โmuscle memoryโ reaction to perceived political influence โ likely weighing on the dollar while lifting gold, with traders potentially pricing in more rate cuts ahead.
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