Trump Administration’s Fed Chair Selection Sparks Market Speculation

Reports suggest the Trump administration is in the final stages of selecting the next Federal Reserve Chair, with economists Waller and Hassett emerging as key contenders — a decision expected to influence global market sentiment.

According to an analysis by CITIC Securities, U.S. President Donald Trump’s administration is evaluating candidates to lead the Federal Reserve, with current speculation centering around Christopher Waller and Kevin Hassett.

Analysts view the selection as a balance between choosing the most suitable candidate and the most compliant one from the administration’s perspective. Current market sentiment slightly favors Hassett, though Treasury Secretary Scott Besant’s influence in the selection process could still shift outcomes.

CITIC’s report notes that past nominations have faced political resistance, suggesting Waller may be the more likely choice. Analysts indicate this could raise concerns over the Fed’s policy independence, potentially strengthening U.S. dollar assets while weighing on gold prices as markets reassess the outlook for 2026 interest rate adjustments.

If Hassett is chosen, markets may react inversely — viewing the decision as a softer policy stance, which could weaken the dollar and benefit gold.

Closing Insight:

The final decision will shape short-term expectations for U.S. monetary policy and ripple across traditional and digital asset markets. Traders are advised to monitor official announcements and policy guidance closely.

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Trump administration narrows Fed Chair candidates to Waller and Hassett as markets weigh potential impacts on U.S. monetary policy and risk sentiment.

Disclaimer: Not Financial Advice.